Waters Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	28,113	22,618	22,032	19,483	20,244	22,627
Market Cap Growth	26.84%	2.66%	13.08%	-3.76%	-10.53%	46.77%
Enterprise Value	29,069	23,491	23,383	21,501	21,399	23,631
Last Close Price	286.57	379.83	370.98	329.23	342.58	372.60
PE Ratio	26.63	35.30	34.64	30.37	29.21	33.36
Forward PE	19.91	27.40	29.42	28.27	27.80	32.40
PEG Ratio	1.97	3.19	4.01	6.01	3.01	3.03
PS Ratio	8.88	7.15	7.45	6.59	6.81	8.12
PB Ratio	6.66	8.83	12.05	16.94	40.13	61.56
P/TBV Ratio	6.68	8.85	12.08	16.96	40.97	62.88
P/FCF Ratio	52.08	41.90	35.56	44.06	46.46	38.61
P/OCF Ratio	43.08	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	26.57	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	53.85	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	2.29%	2.83%	2.89%	3.29%	3.42%	3.00%
FCF Yield	1.92%	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 Feb 9, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q