Business Description
Waters Corp
NAICS : 621511
SIC : 3826
ISIN : US9418481035
Share Class Description:
WAT: Ordinary SharesTotal Employee Number:
7,900Compare
Compare
Traded in other countries / regions
WAT.USA0LTI.UKWAZ.Germany1WAT.ItalyWATC34.BrazilWAT.Mexico Index Membership
S&P 500Russell 1000Russell 3000MSCI World Index IPO Date
1995-11-17Description
Waters sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. In early 2026, Waters merged with Becton Dickinson's life science and diagnostics business, which increased its concentration in diagnostics and discovery-related life science tools.
Financial Strength
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 0.1 | |||||
Equity-to-Asset | 0.61 | |||||
Debt-to-Equity | 0.36 | |||||
Debt-to-EBITDA | 5.64 | |||||
Interest Coverage | 2.54 | |||||
Piotroski F-Score | 5/9 | |||||
Altman Z-Score | 3.43 | |||||
Beneish M-Score | -0.95 | |||||
WACC vs ROIC | ||||||
Growth Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 2.5 | |||||
3-Year EBITDA Growth Rate | 0.8 | |||||
3-Year EPS without NRI Growth Rate | 3 | |||||
3-Year FCF Growth Rate | 8.4 | |||||
3-Year Book Growth Rate | 71.4 | |||||
Future 3-5Y EPS without NRI Growth Rate Estimate Industry Rank | 12.29 | |||||
Future 3-5Y Total Revenue Growth Rate Estimate | 31.13 |
Momentum Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 60.7 | |||||
9-Day RSI | 59.69 | |||||
14-Day RSI | 58.92 | |||||
3-1 Month Momentum % | 12.89 | |||||
6-1 Month Momentum % | 35.99 | |||||
12-1 Month Momentum % | 30.96 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 1.86 | |||||
Quick Ratio | 1.29 | |||||
Cash Ratio | 0.22 | |||||
Days Inventory | 145.93 | |||||
Days Sales Outstanding | 95.06 | |||||
Days Payable | 57.05 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Average Share Buyback Ratio | -0.3 | |||||
Shareholder Yield % | -4.52 |
Profitability Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 50.89 | |||||
Operating Margin % | 8.15 | |||||
Net Margin % | 3.58 | |||||
EBITDA Margin % | 20.83 | |||||
FCF Margin % | 8.08 | |||||
OCF Margin % | 11.34 | |||||
ROE % | 2.21 | |||||
ROA % | 1.3 | |||||
ROIC % | 2.58 | |||||
3-Year ROIIC % | -3.54 | |||||
ROC (Joel Greenblatt) % | 15.26 | |||||
ROCE % | 3.18 | |||||
Years of Profitability over Past 10-Year | 10 | |||||
Moat Score | 7 | |||||
Tariff Resilience Score | 6 |
GF Value Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
PE Ratio | 105.28 | |||||
Forward PE Ratio | 25.48 | |||||
PE Ratio without NRI | 73.23 | |||||
Shiller PE Ratio | 43.51 | |||||
Price-to-Owner-Earnings | 363.2 | |||||
PEG Ratio | 13.31 | |||||
PS Ratio | 6.89 | |||||
PB Ratio | 2.73 | |||||
Price-to-Free-Cash-Flow | 71.94 | |||||
Price-to-Operating-Cash-Flow | 53.45 | |||||
EV-to-EBIT | 130.75 | |||||
EV-to-Forward-EBIT | 32.75 | |||||
EV-to-EBITDA | 47.87 | |||||
EV-to-Forward-EBITDA | 20.08 | |||||
EV-to-Revenue | 9.97 | |||||
EV-to-Forward-Revenue | 6.42 | |||||
EV-to-FCF | 123.46 | |||||
Price-to-GF-Value | 1.01 | |||||
Price-to-Projected-FCF | 2.4 | |||||
Price-to-DCF (Earnings Based) | 2.17 | |||||
Price-to-DCF (FCF Based) | 6.23 | |||||
Price-to-Median-PS-Value | 1.03 | |||||
Earnings Yield (Greenblatt) % | 0.76 | |||||
FCF Yield % | 0.91 | |||||
Forward Rate of Return (Yacktman) % | 2.65 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
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Annualized Return % Â
Total Annual Return % Â
Waters Corp Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 4,644.249 | ||
| EPS (TTM) ($) | 4.005 | ||
| Beta | 1.4336 | ||
| 3-Year Sharpe Ratio | 0.41 | ||
| 3-Year Sortino Ratio | 0.73 | ||
| Volatility % | 38.55 | ||
| 14-Day RSI | 58.92 | ||
| 14-Day ATR ($) | 11.4443 | ||
| 20-Day SMA ($) | 412.8205 | ||
| 12-1 Month Momentum % | 30.96 | ||
| 52-Week Range ($) | 282.77 - 431.775 | ||
| Shares Outstanding (Mil) | 98.25 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 5 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Waters Corp Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
Waters Corp Stock Events
| Event | Date | Price ($) | ||
|---|---|---|---|---|
| Annual report for 2026 | 2027-02-23 | In 157 days | ||
| Fourth quarter earnings conference call for 2026 | 2027-02-09 08:30 | In 144 days | ||
| Fourth quarter earnings results for 2026 | 2027-02-09 | In 143 days | ||
| Third quarter earnings conference call for 2026 | 2026-11-04 08:00 | In 47 days | ||
| Third quarter earnings results for 2026 | 2026-11-04 | In 46 days | ||
| Waters Corporation to Present at the Wells Fargo Healthcare Conference | 2026-09-09 10:15 | 402.91 (-0.60%) | ||
| Second quarter earnings conference call for 2026 | 2026-08-04 08:00 | 374.74 (-1.73%) | ||
| Second quarter earnings results for 2026 | 2026-08-04 | 374.74 (-1.73%) | ||
| Jefferies Global Healthcare Conference | 2026-06-03 10:30 | 371.93 (-0.15%) | ||
| General meeting for 2026 | 2026-05-21 09:00 | 341.32 (+1.81%) |
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Waters Corp Frequently Asked Questions
What is Waters Corp(WAT)'s stock price today?
The current price of WAT is $421.63. The 52 week high of WAT is $431.78 and 52 week low is $282.77.
When is next earnings date of Waters Corp(WAT)?
The next earnings date of Waters Corp(WAT) is 2026-11-04 Est..
Does Waters Corp(WAT) pay dividends? If so, how much?
Waters Corp(WAT) does not pay dividend.
Guru Commentaries on NYSE:WAT
Madison Mid Cap Fund
Bullish
2026 Q2
Madison Mid Cap Fund
· 36 holdings
What the manager wrote
Waters (WAT), a life sciences tools provider, saw its shares respond favorably to solid results in their legacy Waters business as well as in the recently acquired biosciences and diagnostics businesses from Becton Dickinson. This positive performance reflects the company's strong positioning within the growing AI data center construction boom, which is driving high revenue and backlog growth across the sector.
The London Company Smid Cap
Neutral
2025 Q3
What the manager wrote
Waters Corporation (WAT) underperformed on the announcement that it will acquire Becton Dickinson’s Biosciences and Diagnostics divisions. While we take a skeptical view toward transformational M&A, we do see the strategic logic of the deal, and we have confidence in management’s ability to execute on commercial improvements and cost synergies. We continue to have a favorable view of WAT’s core business and the management team.
Fenimore Dividend Focus Strategy
Bullish
2025 Q2
What the manager wrote
We took advantage of the market volatility following the tariff announcements to add to these positions at what we viewed as compelling valuations. Backed by our deep research, we had the conviction to invest further in these high-quality businesses, which we believe are well equipped to navigate uncertainty.
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