Waters Corporation (WAT)

Waters Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	40,350	22,613	22,027	19,466	20,352	22,742
Market Cap Growth	128.45%	2.66%	13.16%	-4.35%	-10.51%	48.14%
Enterprise Value	45,288	23,693	23,627	21,722	21,538	23,798
Last Close Price	410.70	379.83	370.98	329.23	342.58	372.60

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	185.43	35.19	34.53	30.31	28.76	32.82
Forward PE	26.30	27.40	29.42	28.27	27.80	32.40
PS Ratio	8.69	7.14	7.45	6.58	6.85	8.16
PB Ratio	2.65	8.83	12.05	16.92	40.34	61.87
P/TBV Ratio	-	34.11	-	-	-	-
P/FCF Ratio	101.18	41.89	35.55	44.02	46.71	38.81
P/OCF Ratio	73.42	34.65	28.90	32.29	33.27	30.43
PEG Ratio	2.10	3.19	4.01	6.01	3.01	3.03

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	9.75	7.49	7.99	7.35	7.25	8.54
EV/EBITDA Ratio	31.19	21.66	22.56	21.13	21.24	24.83
EV/EBIT Ratio	53.99	26.69	27.62	25.19	24.37	28.79
EV/FCF Ratio	113.56	43.89	38.13	49.13	49.43	40.61

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.36	0.60	0.93	2.14	3.31	4.37
Debt / EBITDA Ratio	3.67	1.36	1.57	2.31	1.59	1.62
Debt / FCF Ratio	13.73	2.86	2.75	5.56	3.83	2.74
Net Debt / Equity Ratio	0.33	0.37	0.75	1.79	2.35	2.82
Net Debt / EBITDA Ratio	3.40	0.87	1.32	2.01	1.17	1.08
Net Debt / FCF Ratio	12.38	1.77	2.22	4.67	2.72	1.77
Asset Turnover	0.32	0.66	0.64	0.75	0.93	0.94
Inventory Turnover	2.12	2.46	2.42	2.46	3.08	3.50
Quick Ratio	1.05	1.14	1.34	1.39	1.53	1.74
Current Ratio	1.86	1.73	2.11	2.22	2.25	2.39
Return on Equity (ROE)	1.92%	29.28%	42.82%	77.62%	162.32%	231.06%
Return on Assets (ROA)	3.56%	11.52%	11.65%	13.63%	17.32%	17.41%
Return on Invested Capital (ROIC)	3.35%	22.48%	22.52%	30.68%	48.22%	52.80%
Return on Capital Employed (ROCE)	3.80%	23.10%	22.70%	22.50%	35.40%	34.20%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	0.41%	2.84%	2.90%	3.30%	3.48%	3.05%
FCF Yield	0.99%	2.39%	2.81%	2.27%	2.14%	2.58%
Buyback Yield / Dilution	-25.49%	-0.26%	-0.48%	1.76%	2.74%	0.62%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

Data Sources Report a data error