Waters Corporation Financial Ratios — WAT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	37.73	34.26	27.86	23.6	23.73	23.92	0.9	31.24	9.41	7.61	231.06	162.32	77.62	42.82	29.28
Return on Assets (%)	17.14	15.67	13.33	11.58	11.52	11.68	0.41	13.12	18.85	19.33	23.35	22.2	16.24	13.9	13.35
Return on Capital (%)	22.29	20.07	16.67	14.33	14.13	14.27	0.53	18.31	29.7	34.74	40.04	36.21	25.29	20.04	18.51
Return on Invested Capital (%)	22.11	19.98	16.37	14.48	14	13.85	0.51	18.31	28.53	33.29	37.76	34.68	23.86	19.22	17.63
Gross Margin (%)	60.54	59.99	58.86	58.53	58.74	58.87	58.99	58.98	58	57.44	58.49	58	59.57	59.43	59.28
EBITDA Margin (%)	32.14	31.88	31.35	31.55	32.57	33.45	33.97	35.03	33.81	32.93	34.41	34.11	33.27	34.81	31.87
Operating Margin (%)	28.55	28.15	27.17	26.81	28.17	29	29.38	30.55	29.44	27.63	29.68	29.72	27.66	28.32	25.36
Incremental Operating Margin (%)	37.86	128.28	-2.61	18.82	79.04	42.62	35.12	55.06	231.69	133.01	41.2	30.27	421.6	1,027.14	-17.08
Pretax Margin (%)	27.51	26.45	25.74	24.67	26.53	27.69	27.76	28.19	28.18	25.83	28.94	28.19	24.9	25.52	23.85
Profit Margin (%)	23.39	25.03	23.63	21.7	22.97	24.06	0.88	24.54	24.61	22.05	24.87	23.81	21.72	21.56	20.3
Net Income to Common Margin (%)	23.39	25.03	23.63	21.7	22.97	24.06	0.88	24.54	24.61	22.05	24.87	23.81	21.72	21.56	20.3
Effective Tax Rate (%)	14.98	5.37	8.18	12.05	13.45	13.1	96.83	12.95	12.69	14.62	14.06	15.53	12.77	15.5	14.87
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	37.73	34.26	27.86	23.6	23.73	23.92	0.9	31.24	9.41	7.61	231.06	162.32	77.62	42.82	29.28

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	991	1,178	1,323	1,463	1,668	1,827	1,998	1,148	1,775	1,452	1,601	1,663	2,442	1,702	1,491
ST Debt	291	133	133	225	175	125	100	- -	127	178	28	76	78	26	491
LT Debt	700	1,045	1,190	1,237	1,493	1,702	1,898	1,148	1,648	1,275	1,573	1,587	2,364	1,677	1,000
Total Debt/EBITDA	1.67	2	2.22	2.33	2.51	2.52	2.55	1.35	2.18	1.86	1.67	1.64	2.48	1.65	1.48
Net Debt/EBITDA	1.02	1.19	1.48	1.66	1.77	1.82	1.73	0.42	1.65	1.18	1.06	1.08	1.99	1.26	0.81
Total Debt/EBIT	1.87	2.27	2.56	2.74	2.9	2.91	2.95	1.55	2.51	2.22	1.94	1.88	2.99	2.03	1.86
Net Debt/EBIT	1.15	1.34	1.71	1.95	2.05	2.1	2	0.48	1.9	1.41	1.22	1.24	2.4	1.55	1.02
EBITDA to Interest Expense	27.08	20.94	19.87	18.36	18.35	16.14	13.8	17.43	16.71	15.87	21.33	20.77	9.95	11.48	14.51
EBITDA-CapEx/Interest Expense	23.19	17.21	15.93	15.25	15.51	14.03	12.21	15.45	13.35	12.36	17.59	17.01	8.32	9.89	12.88
EBIT to Interest Expense	24.06	18.48	17.22	15.6	15.87	14	11.93	15.2	14.55	13.32	18.4	18.1	8.27	9.34	11.54
Interest Expense	22	28	30	34	36	45	57	49	49	49	45	49	99	90	70
Common Equity/Total Assets	45.04	46.32	49.21	48.9	48.23	49.38	41.95	42.05	-8.46	8.17	11.88	15.37	24.86	40.15	50.45
Long-Term Debt/Equity (%)	57.07	71.22	67.49	65.31	72.52	73.94	84.95	73.26	- -	549.1	428.1	314.57	205.54	91.7	39.04
Long-Term Debt/Capital (%)	31.57	39.51	38.55	36.86	40.06	41.22	44.84	42.28	105.7	75.67	79.92	73.2	65.81	47.49	24.68
Long-Term Debt/Total Assets (%)	25.7	32.98	33.22	31.94	34.98	36.51	35.64	30.8	64.44	44.89	50.84	48.36	51.1	36.82	19.7
Total Debt/Equity (%)	80.78	80.27	75.05	77.2	81.03	79.38	89.43	73.27	-820.77	625.68	435.69	329.72	212.31	93.1	58.22
Total Debt/Capital (%)	44.68	44.53	42.88	43.57	44.76	44.25	47.21	42.29	113.87	86.22	81.33	76.73	67.98	48.21	36.8
Total Debt/Total Assets (%)	36.38	37.18	36.94	37.75	39.08	39.19	37.52	30.81	69.42	51.14	51.74	50.69	52.78	37.38	29.37
Net Debt to Equity	49.47	47.48	50.05	54.92	57.35	57.41	60.68	22.46	-622.08	396.23	275.51	216.92	170.42	71.16	32
Net Debt/Capital (%)	33.1	32.2	33.36	35.45	36.45	36.47	37.76	18.34	110	73.71	68.99	64.86	61.31	40.59	23.66
EBITDA	595	588	597	628	665	725	784	848	814	779	959	1,014	984	1,030	1,009
EBITDA-CapEx	510	483	479	521	562	630	694	752	650	607	790	830	823	887	896
Operating Income (Loss)	529	519	517	533	575	629	678	739	708	654	827	883	818	838	803

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.13	3.05	3.7	3.54	4.25	5.41	5.6	3.87	0.57	0.55	0.84	0.61	0.5	0.41	0.47
Current Ratio	3.23	4.48	5.24	4.85	5.7	6.99	7.04	5.93	2.22	1.74	2.39	2.24	2.22	2.11	1.73
Quick Ratio	2.74	3.85	4.58	4.29	5.08	6.35	6.48	5.13	1.56	1.26	1.74	1.53	1.39	1.34	1.14
CFO/Avg Current Liab	1.01	0.81	0.98	0.96	1	1.19	1.24	1.15	1.24	1.13	1.01	0.83	0.77	0.97	0.64
Common Equity/Total Assets	45.04	46.32	49.21	48.9	48.23	49.38	41.95	42.05	-8.46	8.17	11.88	15.37	24.86	40.15	50.45
Long-Term Debt/Equity (%)	57.07	71.22	67.49	65.31	72.52	73.94	84.95	73.26	- -	549.1	428.1	314.57	205.54	91.7	39.04
Long-Term Debt/Capital (%)	31.57	39.51	38.55	36.86	40.06	41.22	44.84	42.28	105.7	75.67	79.92	73.2	65.81	47.49	24.68
Long-Term Debt/Total Assets (%)	25.7	32.98	33.22	31.94	34.98	36.51	35.64	30.8	64.44	44.89	50.84	48.36	51.1	36.82	19.7
Total Debt/Equity (%)	80.78	80.27	75.05	77.2	81.03	79.38	89.43	73.27	-820.77	625.68	435.69	329.72	212.31	93.1	58.22
Total Debt/Capital (%)	44.68	44.53	42.88	43.57	44.76	44.25	47.21	42.29	113.87	86.22	81.33	76.73	67.98	48.21	36.8
Total Debt/Total Assets (%)	36.38	37.18	36.94	37.75	39.08	39.19	37.52	30.81	69.42	51.14	51.74	50.69	52.78	37.38	29.37
CFO/Total Liabilities	33.23	26.42	26.65	25.84	25.94	27.24	22.57	27.98	23.19	30.31	27.4	22.03	17.34	27.96	25.94
CFO/CapEx	5.82	4.29	4.09	4.82	5.56	6.77	7.71	6.29	3.93	4.59	4.44	3.33	3.75	5.35	5.79
Altman's Z-Score	6.88	6.68	6.69	6.67	6.74	6.52	6.46	8.92	10.73	10.65	12.26	11.61	10.65	12.46	12.16

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	5.1	4.78	4.56	4.6	4.53	4.53	4.51	4.39	4.16	4.07	4.7	4.45	4.15	4.12	4.05
Days Sales Outstanding	71.51	76.38	80.08	79.32	80.6	80.64	80.87	83.12	87.67	89.58	77.69	82.01	87.97	88.56	90.07
Inventory Turnover	3.5	3.33	3.32	3.37	3.31	3.39	3.55	3.53	3.3	3.22	3.5	3.08	2.46	2.42	2.46
Days Inventory Outstanding	104.22	109.47	110.03	108.24	110.42	107.7	102.7	103.31	110.53	113.27	104.21	118.7	148.41	151.07	148.63
Accounts Payable Turnover	12.35	13.71	13.31	12.68	12.62	12.88	14.43	15.28	17.75	16.34	14.3	14.18	14.11	12.58	13.59
Accounts Payable Turnover Days	29.56	26.62	27.42	28.78	28.93	28.34	25.29	23.89	20.57	22.34	25.53	25.74	25.87	29.02	26.86
Cash Conversion Cycle	146.16	159.23	162.7	158.77	162.08	160	158.28	162.54	177.63	180.52	156.37	174.97	210.51	210.61	211.84
Inventory to Cash Days	-32.71	-33.08	-29.96	-28.92	-29.82	-27.07	-21.84	-20.19	-22.86	-23.69	-26.52	-36.68	-60.44	-62.51	-58.56
Inventories	213	230	243	246	263	263	270	292	321	304	356	456	516	477	572
Raw Materials	72	73	77	85	89	95	99	112	127	133	165	206	234	227	235
Work In Process	12	16	20	17	21	17	15	16	15	19	20	20	20	22	28
Finished Goods	129	140	146	145	154	151	156	164	178	152	171	230	262	228	310
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	6,590	7,526	8,482	9,372	10,935	10,754	15,327	13,793	14,623	15,416	22,627	20,248	19,483	22,032	22,618
- Cash & Cash Equivalents	384	481	441	422	488	506	642	796	336	437	501	481	395	325	588
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	991	1,178	1,323	1,463	1,668	1,827	1,998	1,148	1,775	1,452	1,601	1,663	2,442	1,702	1,491
Enterprise Value	6,300	7,165	8,002	8,780	10,204	9,769	13,931	13,206	16,061	16,426	23,659	21,430	21,529	23,408	23,522
Total Capital	2,217	2,645	3,087	3,357	3,727	4,129	4,232	2,716	1,559	1,685	1,969	2,168	3,593	3,531	4,052
Total Debt/Capital (%)	44.68	44.53	42.88	43.57	44.76	44.25	47.21	42.29	113.87	86.22	81.33	76.73	67.98	48.21	36.8
Total Debt / EV	0.16	0.16	0.17	0.17	0.16	0.19	0.14	0.09	0.11	0.09	0.07	0.08	0.11	0.07	0.06
EV/Sales	3.4	3.89	4.2	4.41	5	4.51	6.03	5.46	6.67	6.94	8.49	7.21	7.28	7.91	7.43
EV/EBITDA	10.59	12.19	13.4	13.99	15.34	13.47	17.76	15.58	19.74	21.09	24.68	21.14	21.89	22.73	23.32
EV/EBIT	11.92	13.81	15.47	16.46	17.74	15.54	20.54	17.86	22.67	25.13	28.61	24.26	26.33	27.94	29.31
EV/Cash Flow to Firm	12.21	15.06	15.61	16.21	16.88	14.32	19.92	20.42	23.43	19.73	30.11	32.82	31.24	27.94	33.05
EV/Free Cash Flow to Firm	10.47	12.34	12.68	13.55	14.42	12.57	17.64	17.78	18.91	16.35	24.8	25.62	25.34	23.88	28.53
Diluted Market Cap	6,837	7,752	8,655	9,598	11,182	10,942	15,572	14,643	15,927	15,442	23,112	20,668	19,513	22,093	22,678
Diluted Enterprise Value	7,444	8,449	9,537	10,639	12,363	12,263	16,927	14,995	17,366	16,458	24,212	21,851	21,561	23,470	23,581
EV per Share	70.79	82.94	94.34	105.59	125.58	122.07	175.6	180.62	256.63	263.62	389.6	362.58	363.81	394.15	395
TTM Sales	1,851	1,844	1,904	1,989	2,042	2,167	2,309	2,420	2,407	2,365	2,786	2,972	2,956	2,958	3,165
TTM EBITDA	595	588	597	628	665	725	784	848	814	779	959	1,014	984	1,030	1,009
TTM Operating Income	529	519	517	533	575	629	678	739	708	654	827	883	818	838	803
TTM Cash Flow to Firm	516	476	512	542	605	682	699	647	686	832	786	653	689	838	712
TTM Free Cash Flow to Firm	601	581	631	648	708	777	790	743	849	1,005	954	836	850	980	825

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	11.73	13.99	14.34	15.53	16.53	14.83	19.76	20.9	19.74	16.04	25.24	25.99	25.56	24.42	29.63
EV/EBIT	11.92	13.81	15.47	16.46	17.74	15.54	20.54	17.86	22.67	25.13	28.61	24.26	26.33	27.94	29.31
Enterprise Value	6,300	7,165	8,002	8,780	10,204	9,769	13,931	13,206	16,061	16,426	23,659	21,430	21,529	23,408	23,522
Low Price	70.88	72.98	85.01	93.56	111.77	112	134.68	167.94	174.95	154.39	244.77	265.6	231.9	279.24	275.05
EV/Sales	3.4	3.89	4.2	4.41	5	4.51	6.03	5.46	6.67	6.94	8.49	7.21	7.28	7.91	7.43
EV/EBITDA	10.59	12.19	13.4	13.99	15.34	13.47	17.76	15.58	19.74	21.09	24.68	21.14	21.89	22.73	23.32
Price/Earnings	15.54	16.58	18.98	22.03	23.62	20.82	758.96	24.46	26.68	29.46	33.11	29.03	30.28	34.51	35.17
Price/Earnings Average	17.52	15.85	18.59	20.82	22.13	21.61	685.46	25.51	25.2	24.84	29.64	27.08	26.54	31.16	32.38
Price/Earnings High	20.98	17.98	20.67	23.01	24.12	25.18	793.37	28.55	29.14	30.08	38.06	31.55	32.28	36.93	39.22
Price/Earnings Low	14.87	13.89	16.14	18.29	19.62	17.35	529.1	21.77	19.98	18.38	21.75	22.51	21.33	25.98	25.47
Price/Book Value	5.37	5.13	4.81	4.95	5.31	4.67	6.86	8.8	-67.61	66.41	61.56	40.14	16.94	12.05	8.83
Price/Book Value Average	6.06	4.9	4.71	4.68	4.98	4.85	6.2	9.18	-63.86	56	55.11	37.44	14.84	10.88	8.13
Price/Book Value High	7.26	5.56	5.24	5.17	5.42	5.65	7.17	10.27	-73.85	67.82	70.75	43.61	18.05	12.89	9.85
Price/Book Value Low	5.14	4.3	4.09	4.11	4.41	3.89	4.78	7.83	-50.63	41.44	40.44	31.12	11.93	9.07	6.39
Price/Tangible Book Value	8.94	8.09	7.23	7.15	7.37	6.17	9.31	14.3	-18	-32.74	-72.36	-132.13	-24.84	-627.35	34.12
Price/Tangible Book Value Average	10.08	7.73	7.08	6.76	6.9	6.41	8.41	14.91	-17	-27.61	-64.77	-123.26	-21.77	-566.39	31.4
Price/Tangible Book Value High	12.07	8.77	7.87	7.47	7.52	7.46	9.74	16.69	-19.66	-33.44	-83.16	-143.57	-26.48	-671.38	38.04
Price/Tangible Book Value Low	8.55	6.78	6.14	5.94	6.12	5.14	6.49	12.73	-13.47	-20.43	-47.53	-102.44	-17.5	-472.21	24.7
Price/Sales	3.63	4.15	4.49	4.78	5.43	5.01	6.68	6	6.57	6.5	8.24	6.91	6.58	7.44	7.14
Price/Sales Average	4.1	3.97	4.39	4.52	5.08	5.2	6.03	6.26	6.2	5.48	7.37	6.45	5.76	6.72	6.57
Price/Sales High	4.91	4.5	4.88	4.99	5.54	6.06	6.98	7.01	7.17	6.63	9.46	7.51	7.01	7.96	7.96
Price/Sales Low	3.48	3.48	3.81	3.97	4.51	4.17	4.65	5.34	4.92	4.05	5.41	5.36	4.63	5.6	5.17
Price/Cash Flow	13.52	17.03	17.62	18.58	19.33	16.89	22.1	24.03	24.57	19.43	30.7	33.6	32.26	28.88	34.64
Price/Cash Flow Average	15.25	16.28	17.25	17.57	18.11	17.53	19.96	25.06	23.21	16.39	27.48	31.34	28.27	26.08	31.88
Price/Cash Flow High	18.26	18.47	19.18	19.41	19.73	20.42	23.1	28.05	26.84	19.85	35.29	36.51	34.4	30.91	38.63
Price/Cash Flow Low	12.94	14.27	14.98	15.43	16.05	14.07	15.4	21.39	18.4	12.13	20.17	26.05	22.73	21.74	25.08
Price/Free Cash Flow Average	13.23	13.37	14.05	14.68	15.49	15.4	17.85	21.8	18.64	13.52	22.6	24.25	22.4	22.05	27.28
Price/Free Cash Flow High	15.84	15.17	15.62	16.22	16.88	17.93	20.65	24.4	21.56	16.38	29.01	28.24	27.25	26.14	33.04
Price/Free Cash Flow Low	11.23	11.72	12.19	12.89	13.73	12.36	13.77	18.61	14.78	10.01	16.58	20.15	18	18.38	21.46
EV/Sales Average	4.34	4.28	4.83	4.98	5.59	5.76	6.58	6.09	6.34	5.93	7.67	6.75	6.47	7.19	6.86
EV/Sales High	5.14	4.8	5.31	5.44	6.04	6.61	7.53	6.8	7.24	7.09	9.73	7.8	7.72	8.44	8.25
EV/Sales Low	3.74	3.8	4.25	4.43	5.02	4.74	5.21	5.22	5.15	4.5	5.73	5.68	5.33	6.07	5.46
EV/EBITDA Average	13.51	13.42	15.39	15.77	17.17	17.22	19.38	17.39	18.74	17.99	22.28	19.8	19.44	20.65	21.53
EV/EBITDA High	15.98	15.07	16.95	17.25	18.56	19.76	22.16	19.41	21.4	21.51	28.28	22.87	23.2	24.23	25.9
EV/EBITDA Low	11.62	11.91	13.56	14.05	15.43	14.18	15.35	14.9	15.22	13.65	16.65	16.65	16.03	17.44	17.13
EV/EBIT Average	15.21	15.2	17.76	18.56	19.86	19.87	22.41	19.93	21.53	21.44	25.83	22.73	23.38	25.38	27.07
EV/EBIT High	17.98	17.07	19.56	20.3	21.46	22.79	25.62	22.25	24.58	25.64	32.78	26.25	27.9	29.78	32.55
EV/EBIT Low	13.08	13.49	15.64	16.54	17.84	16.36	17.75	17.08	17.49	16.27	19.31	19.11	19.29	21.43	21.53
Last Price	74.05	87.12	100	112.72	134.58	134.39	193.19	188.65	233.65	247.42	372.6	342.58	329.23	370.98	379.83
High Price	100	94.47	108.89	117.71	137.39	162.53	201.95	220.2	255.21	252.67	428.22	372.24	350.97	397.02	423.56
Enterprise Value Average	8,040	7,888	9,188	9,899	11,425	12,487	15,198	14,739	15,252	14,016	21,356	20,071	19,118	21,268	21,724
Enterprise Value High	9,506	8,858	10,118	10,828	12,344	14,328	17,378	16,452	17,412	16,759	27,105	23,184	22,816	24,955	26,126
Enterprise Value Low	6,915	7,001	8,093	8,820	10,262	10,284	12,041	12,631	12,389	10,636	15,965	16,881	15,770	17,960	17,282

Shares Outstanding	89	86	85	83	81	80	79	73	63	62	61	59	59	59	60
Diluted Weighted Avg Shares	92	89	87	85	83	81	81	78	68	62	62	60	59	60	60
Basic Weighted Avg Shares	91	88	85	84	82	81	80	77	68	62	62	60	59	59	60
Revenue per Share	20.38	20.99	22.29	23.58	24.8	26.83	28.94	31.43	35.59	38.09	45.24	49.54	50.04	49.86	53.19
EBITDA per Share	6.55	6.69	6.99	7.44	8.08	8.97	9.83	11.01	12.03	12.55	15.57	16.9	16.65	17.36	16.95
Operating Income per Share	5.82	5.91	6.06	6.32	6.99	7.78	8.5	9.6	10.48	10.53	13.43	14.72	13.84	14.12	13.49
Basic EPS, GAAP	4.77	5.25	5.27	5.12	5.7	6.46	0.25	7.71	8.76	8.4	11.25	11.8	10.87	10.75	10.8
Basic EPS from Cont Ops	4.77	5.25	5.27	5.12	5.7	6.46	0.25	7.71	8.76	8.4	11.25	11.8	10.87	10.75	10.8
Diluted EPS, GAAP	4.69	5.19	5.2	5.07	5.65	6.41	0.25	7.65	8.69	8.36	11.17	11.73	10.84	10.71	10.76
Diluted EPS from Cont Ops	4.69	5.19	5.2	5.07	5.65	6.41	0.25	7.65	8.69	8.36	11.17	11.73	10.84	10.71	10.76
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	5.48	5.11	5.68	6.07	6.96	7.96	8.74	7.85	9.51	12.73	12.14	10.2	10.2	12.84	10.97
Free Cash Flow per Basic Share	4.54	3.92	4.29	4.81	5.71	6.78	7.61	6.6	7.09	9.95	9.4	7.14	7.48	10.44	9.07
Cash & Equivalents per Share	14.4	17.81	21.26	24.72	29.53	35.15	42.78	23.73	5.39	7.11	9.37	8.14	6.69	5.49	9.87
Book Value per Share	13.78	16.99	20.79	22.79	25.34	28.77	28.16	21.44	-3.46	3.73	6.05	8.54	19.44	30.79	43.01
Tangible Book Value per Share	8.29	10.77	13.84	15.76	18.26	21.78	20.74	13.19	-12.98	-7.56	-5.15	-2.59	-13.25	-0.59	11.13

Waters Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)