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	May '26 May 28, 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	35,588	22,619	22,032	19,483	20,244	22,627
Market Cap Growth	63.10%	2.66%	13.08%	-3.76%	-10.53%	46.77%
Enterprise Value	40,707	23,491	23,383	21,501	21,399	23,632
Last Close Price	362.46	379.83	370.98	329.23	342.58	372.60
PE Ratio	49.69	35.30	34.64	30.37	29.21	33.36
Forward PE	22.78	27.40	29.42	28.27	27.80	32.40
PEG Ratio	2.01	3.19	4.01	6.01	3.01	3.03
PS Ratio	9.43	7.15	7.45	6.59	6.81	8.12
PB Ratio	2.20	8.83	12.05	16.94	40.13	61.56
P/TBV Ratio	1.55	8.85	12.08	16.96	40.97	62.88
P/FCF Ratio	134.82	41.90	35.56	44.06	46.46	38.61
P/OCF Ratio	91.30	34.66	28.91	32.32	33.10	30.28
EV/Sales Ratio	10.80	7.42	7.90	7.27	7.20	8.48
EV/EBITDA Ratio	35.86	23.29	22.97	21.86	21.32	24.79
EV/EBIT Ratio	52.74	29.27	28.30	26.30	24.50	28.76
EV/FCF Ratio	154.30	43.52	37.74	48.63	49.11	40.33
Debt / Equity Ratio	0.36	0.57	0.92	2.10	3.24	4.28
Debt / EBITDA Ratio	4.96	1.48	1.67	2.48	1.66	1.68
Debt / FCF Ratio	21.11	2.76	2.75	5.52	3.82	2.73
Net Debt / Equity Ratio	0.33	0.35	0.75	1.78	2.34	2.81
Net Debt / EBITDA Ratio	4.55	0.90	1.35	2.08	1.18	1.08
Net Debt / FCF Ratio	19.36	1.67	2.22	4.63	2.71	1.76
Asset Turnover	0.25	0.66	0.64	0.75	0.93	0.94
Inventory Turnover	0.35	2.46	2.42	2.46	3.08	3.50
Quick Ratio	0.97	1.14	1.34	1.39	1.53	1.74
Current Ratio	1.79	1.73	2.11	2.22	2.24	2.39
Return on Equity (ROE)	5.03%	29.28%	42.82%	77.62%	162.32%	231.06%
Return on Assets (ROA)	3.25%	14.19%	15.21%	18.04%	23.14%	23.80%
Return on Invested Capital (ROIC)	3.50%	16.87%	17.88%	22.28%	31.30%	31.95%
Return on Capital Employed (ROCE)	4.63%	21.12%	21.74%	25.82%	35.58%	36.94%
Earnings Yield	1.26%	2.83%	2.89%	3.29%	3.42%	3.00%
FCF Yield	0.74%	2.39%	2.81%	2.27%	2.15%	2.59%
Buyback Yield / Dilution	-9.54%	-0.26%	-0.48%	1.76%	2.74%	0.62%
Total Shareholder Return	-9.54%	-0.26%	-0.48%	1.76%	2.74%	0.62%

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q