US · USD

WAT

Waters Corporation

$425.21-0.08% (-$0.32)
Day's range
$423.44 – $433.34
Day's volume
$253.5M
52-week range
$283.32 – $443.26

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WAT in numbers

Market cap
$41.8B
P/B
2.75
Dividend yield (12m)
0.00%

WAT price history

10/06/202510/02/2026
Compare with

WAT risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+5.40%+51.53%+29.61%
Volatility (annualized)33.21%33.53%33.56%
Largest drawdown-26.18%-30.50%-35.98%
Positive months5/1217/3627/60

How much did investing in WAT return?

$1,000.00 invested on 11/01/2021 would be worth $1,296.10 today.

Value today in WAT
$1,296.10
Return over the period
+29.61%
Return per year
+5.42%
In the S&P 500
$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WAT fundamentals

Valuation

  • P/E
    —
  • P/B
    2.75
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    $154.66

Debt

  • Net debt
    $4.3B
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.29
  • Debt/Equity
    0.32
  • Current ratio
    1.86
  • Quick ratio
    1.29
  • Cash ratio
    0.22

WAT's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E57.9834.5530.3528.5332.54———
P/B14.5412.0516.9440.0361.3566.28-67.158.61
Earnings per share$6.55$10.74$10.85$12.01$11.45———
Book value per share$26.12$30.79$19.43$8.56$6.07$3.73-$3.48$21.92
ROE25.08%34.87%55.83%140.29%188.50%———
ROIC23.39%22.31%23.31%47.66%53.82%55.36%60.21%65.70%
Gross margin59.28%59.43%59.57%58.00%58.49%57.44%58.00%58.98%
Net margin20.30%21.56%21.72%23.81%24.87%———

WAT's financial statements

Line202520242023202220212020
Net revenue$3.2B$3B$3B$3B$2.8B$2.4B
Cost of revenue-$1.3B-$1.2B-$1.2B-$1.2B-$1.2B-$1B
Gross profit$1.9B$1.8B$1.8B$1.7B$1.6B$1.4B
EBITDA——————
EBIT$802.6M$826.4M$817.7M$873.4M$821.7M$645.5M
Financial result$3.1M$776K$807K$2.2M$17.2M-$1.8M
Income before tax$754.9M$754.9M$736.2M$837.8M$806.2M$610.9M
Income tax-$112.2M-$117M-$94M-$130.1M-$113.4M-$89.3M
Net income$642.6M$637.8M$642.2M$707.8M$692.8M—

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WAT pay dividends?

WAT has no distributions on record.

About Waters

Sector
Manufacturing

Questions about WAT

How much is WAT today?

WAT is at $425.21 (-0.08% on the day), last traded on 10/02/2026.

How much did WAT return in 12 months?

WAT returned 5.40% in 12 months, with annualized volatility of 33.21% and a largest drawdown of -26.18%.