Waters Corporation

As of June 30, 2026, Waters Corporation carries a market capitalization of 24.27B, placing it among publicly traded companies globally. Its enterprise value stands at 28.24B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Waters Corporation's next confirmed earnings release is scheduled for November 3, 2026.

As of June 30, 2026, Waters Corporation has 98.23M shares outstanding.

As of June 30, 2026, Waters Corporation trades at a trailing price-to-earnings ratio of 137.83. The price-to-sales ratio is 4.93, and the price-to-book ratio stands at 1.98.

As of June 30, 2026, Waters Corporation trades at an EV/EBITDA multiple of 37.08 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 7.53 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 106.07 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Waters Corporation trades at an EV/FCF ratio of 67.33, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 28.24B versus a market cap of 24.27B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Waters Corporation maintains a current ratio of 1.86, meaning it holds 1.9x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 35.89, indicating elevated leverage, while an interest coverage ratio of 6.33 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Waters Corporation posted a return on equity (ROE) of 1.91, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 2.19 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 1.13, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 2.35, useful for judging operating efficiency across full business cycles. The company generates approximately 479,458.62 in revenue per employee across its workforce of 7,825.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 2.38 indicates how many times Waters Corporation sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Waters Corporation recorded 31.64M in income tax expense. That works out to an effective tax rate of 19.08, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 165.85M, leaving 134.21M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Over the twelve months ended June 30, 2026, Waters Corporation generated 3.75B in revenue and converted that into 134.21M in net income, yielding earnings per share of 1.79. EBITDA reached 761.68M, while operating income came in at 305.87M.

As of June 30, 2026, Waters Corporation holds 435.42M in cash and equivalents against 4.41B in total debt, resulting in a net debt position of 3.67B. Total book value stands at 12.27B, with working capital of 1.67B providing operational flexibility.

Waters Corporation produced 443.95M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -121.78M in capital expenditures, free cash flow totaled 322.17M - equivalent to 4.30 per share.

Over the twelve months ended June 30, 2026, Waters Corporation posted a gross margin of 50.89, reflecting its pricing power and cost economics. The operating margin of 8.15 and net profit margin of 3.58 provide insight into operational efficiency.

These figures cover the twelve months ended June 30, 2026. Free cash flow yield stands at 1.74, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 1.33, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Waters Corporation shareholders.

Waters Corporation's most recent stock split took place on August 28, 2000 with a 1:2 split ratio.

As of June 30, 2026, Waters Corporation has an Altman Z-Score of 5.22, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.