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	Feb '26 Feb 20, 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 Capitalization	32,692	22,613	22,027	19,466	20,352	22,742
Market Cap Growth	32.96%	2.66%	13.16%	-4.35%	-10.51%	48.14%
Enterprise Value	33,511	23,693	23,627	21,722	21,538	23,798
Last Close Price	333.33	379.83	370.98	329.23	342.58	372.60
PE Ratio	30.98	35.19	34.53	30.31	28.76	32.82
Forward PE	23.16	27.40	29.42	28.27	27.80	32.40
PS Ratio	10.33	7.14	7.45	6.58	6.85	8.16
PB Ratio	7.75	8.83	12.05	16.92	40.34	61.87
P/TBV Ratio	49.31	34.11	-	-	-	-
P/FCF Ratio	60.56	41.89	35.55	44.02	46.71	38.81
P/OCF Ratio	50.10	34.65	28.90	32.29	33.27	30.43
PEG Ratio	2.29	3.19	4.01	6.01	3.01	3.03
EV/Sales Ratio	10.59	7.49	7.99	7.35	7.25	8.54
EV/EBITDA Ratio	29.84	21.10	22.95	20.86	21.24	24.83
EV/EBIT Ratio	36.56	25.85	28.21	24.82	24.37	28.79
EV/FCF Ratio	62.08	43.89	38.13	49.13	49.43	40.61
Debt / Equity Ratio	0.55	0.55	0.93	2.14	3.31	4.37
Debt / EBITDA Ratio	1.25	1.25	1.59	2.28	1.59	1.62
Debt / FCF Ratio	2.61	2.61	2.75	5.56	3.83	2.74
Net Debt / Equity Ratio	0.32	0.32	0.75	1.79	2.35	2.82
Net Debt / EBITDA Ratio	0.73	0.73	1.34	1.98	1.17	1.08
Net Debt / FCF Ratio	1.52	1.52	2.22	4.67	2.72	1.77
Asset Turnover	0.66	0.66	0.64	0.75	0.93	0.94
Inventory Turnover	2.46	2.46	2.42	2.46	3.08	3.50
Quick Ratio	-	-	1.34	1.39	1.53	1.74
Current Ratio	-	-	2.11	2.22	2.25	2.39
Return on Equity (ROE)	29.28%	29.28%	42.82%	77.62%	162.32%	231.06%
Return on Assets (ROA)	11.89%	11.89%	11.40%	13.84%	17.32%	17.41%
Return on Invested Capital (ROIC)	22.98%	23.69%	22.05%	31.14%	48.22%	52.80%
Return on Capital Employed (ROCE)	18.00%	18.00%	22.30%	22.80%	35.40%	34.20%
Earnings Yield	1.97%	2.84%	2.90%	3.30%	3.48%	3.05%
FCF Yield	1.65%	2.39%	2.81%	2.27%	2.14%	2.58%
Buyback Yield / Dilution	-0.26%	-0.26%	-0.48%	1.76%	2.74%	0.62%

Updated Feb 9, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q