Waters Corporation

As of June 30, 2026, Waters Corporation carries a market capitalization of 31.61B, placing it among publicly traded companies globally. Its enterprise value stands at 35.91B, 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 165.65. The price-to-sales ratio is 5.93, and the price-to-book ratio stands at 2.38.

As of June 30, 2026, Waters Corporation trades at an EV/EBITDA multiple of 43.51 - 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 8.83 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 124.46 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 79.00, 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 35.91B versus a market cap of 31.61B, 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 519,503.02 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 34.28M 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 179.70M, leaving 145.42M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 22, 2026, Waters Corporation's stock has gained approximately 35.82% over the past 52 weeks. The 50-day moving average sits at 368.32, while the 200-day moving average is 316.18.

Over the twelve months ended June 30, 2026, Waters Corporation generated 4.07B in revenue and converted that into 145.42M in net income, yielding earnings per share of 1.94. EBITDA reached 825.29M, while operating income came in at 331.41M.

As of June 30, 2026, Waters Corporation holds 471.79M in cash and equivalents against 4.77B in total debt, resulting in a net debt position of 3.98B. Total book value stands at 13.30B, with working capital of 1.81B providing operational flexibility.

Waters Corporation produced 481.03M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -131.95M in capital expenditures, free cash flow totaled 349.08M - equivalent to 4.66 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 1.45, 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 1.11, 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 5.60, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.