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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	22,071	22,027	19,466	20,352	22,742	15,352
Market Cap Growth	-6.54%	13.16%	-4.35%	-10.51%	48.14%	1.97%
Enterprise Value	23,151	23,627	21,722	21,538	23,798	16,631
Last Close Price	370.72	370.98	329.23	342.58	372.60	247.42
PE Ratio	34.09	34.53	30.31	28.76	32.82	29.43
Forward PE	26.66	29.42	28.27	27.80	32.40	27.77
PS Ratio	7.10	7.45	6.58	6.85	8.16	6.49
PB Ratio	9.47	12.05	16.92	40.34	61.87	66.13
P/TBV Ratio	52.35	-	-	-	-	-
P/FCF Ratio	36.65	35.55	44.02	46.71	38.81	24.84
P/OCF Ratio	30.31	28.90	32.29	33.27	30.43	19.42
PEG Ratio	2.94	4.01	6.01	3.01	3.03	6.65
EV/Sales Ratio	7.45	7.99	7.35	7.25	8.54	7.03
EV/EBITDA Ratio	21.69	22.95	20.86	21.24	24.83	21.38
EV/EBIT Ratio	26.76	28.21	24.82	24.37	28.79	25.48
EV/FCF Ratio	38.44	38.13	49.13	49.43	40.61	26.91
Debt / Equity Ratio	0.66	0.93	2.14	3.31	4.37	6.45
Debt / EBITDA Ratio	1.39	1.59	2.28	1.59	1.62	1.84
Debt / FCF Ratio	2.56	2.75	5.56	3.83	2.74	2.42
Asset Turnover	0.66	0.64	0.75	0.93	0.94	0.88
Inventory Turnover	2.33	2.42	2.46	3.08	3.50	3.22
Quick Ratio	0.97	1.34	1.39	1.53	1.74	1.26
Current Ratio	1.53	2.11	2.22	2.25	2.39	1.74
Return on Equity (ROE)	32.99%	42.82%	77.62%	162.32%	231.06%	6575.94%
Return on Assets (ROA)	11.53%	11.40%	13.84%	17.32%	17.41%	15.12%
Return on Invested Capital (ROIC)	21.51%	22.05%	31.14%	48.22%	52.80%	44.43%
Return on Capital Employed (ROCE)	24.00%	22.30%	22.80%	35.40%	34.20%	32.10%
Earnings Yield	2.94%	2.90%	3.30%	3.48%	3.05%	3.40%
FCF Yield	2.73%	2.81%	2.27%	2.14%	2.58%	4.03%
Buyback Yield / Dilution	-0.44%	-0.48%	1.76%	2.74%	0.62%	8.44%

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q