Waters Corporation (LON:0LTI)

Waters Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 13, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	21,238	22,618	22,032	19,483	20,244	22,627
Market Cap Growth	20.95%	2.66%	13.08%	-3.76%	-10.53%	46.77%
Enterprise Value	21,960	23,491	23,383	21,501	21,399	23,631
PE Ratio	44.48	35.30	34.64	30.37	29.21	33.36
Forward PE	20.71	27.40	29.42	28.27	27.80	32.40
PEG Ratio	-	3.19	4.01	6.01	3.01	3.03
PS Ratio	9.03	7.15	7.45	6.59	6.81	8.12
PB Ratio	11.16	8.83	12.05	16.94	40.13	61.56
P/TBV Ratio	6.63	8.85	12.08	16.96	40.97	62.88
P/FCF Ratio	52.95	41.90	35.56	44.06	46.46	38.61
P/OCF Ratio	43.80	34.66	28.91	32.32	33.10	30.28
EV/Sales Ratio	9.18	7.42	7.90	7.27	7.20	8.48
EV/EBITDA Ratio	25.61	23.29	22.97	21.86	21.32	24.79
EV/EBIT Ratio	32.74	29.27	28.30	26.30	24.50	28.76
EV/FCF Ratio	54.75	43.52	37.74	48.63	49.11	40.33
Debt / Equity Ratio	0.57	0.57	0.92	2.10	3.24	4.28
Debt / EBITDA Ratio	1.28	1.48	1.67	2.48	1.66	1.68
Debt / FCF Ratio	2.76	2.76	2.75	5.52	3.82	2.73
Net Debt / Equity Ratio	0.35	0.35	0.75	1.78	2.34	2.81
Net Debt / EBITDA Ratio	0.78	0.90	1.35	2.08	1.18	1.08
Net Debt / FCF Ratio	1.67	1.67	2.22	4.63	2.71	1.76
Asset Turnover	0.66	0.66	0.64	0.75	0.93	0.94
Inventory Turnover	0.69	2.46	2.42	2.46	3.08	3.50
Quick Ratio	1.14	1.14	1.34	1.39	1.53	1.74
Current Ratio	1.73	1.73	2.11	2.22	2.24	2.39
Return on Equity (ROE)	29.28%	29.28%	42.82%	77.62%	162.32%	231.06%
Return on Assets (ROA)	14.19%	14.19%	15.21%	18.04%	23.14%	23.80%
Return on Invested Capital (ROIC)	16.87%	16.87%	17.88%	22.28%	31.30%	31.95%
Return on Capital Employed (ROCE)	21.12%	21.12%	21.74%	25.82%	35.58%	36.94%
Earnings Yield	2.25%	2.83%	2.89%	3.29%	3.42%	3.00%
FCF Yield	1.89%	2.39%	2.81%	2.27%	2.15%	2.59%
Buyback Yield / Dilution	-0.03%	-0.03%	-0.08%	0.21%	2.88%	2.62%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.