Waters Financials

WAT Stock  USD 323.37  3.54  1.11%   
Based on the key indicators related to Waters' liquidity, profitability, solvency, and operating efficiency, Waters is not in a good financial situation at this time. It has a very high probability of going through financial hardship in March. At this time, Waters' Common Stock Shares Outstanding is comparatively stable compared to the past year. Inventory is likely to gain to about 601 M in 2026, whereas Other Current Liabilities is likely to drop slightly above 161.4 M in 2026.
 
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Interest Hikes

Waters Balance Sheet Chart

At this time, Waters' Common Stock Shares Outstanding is comparatively stable compared to the past year. Inventory is likely to gain to about 601 M in 2026, whereas Other Current Liabilities is likely to drop slightly above 161.4 M in 2026.
Key indicators impacting Waters' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.140.203
Way Down
Pretty Stable
Return On Assets0.110.13
Fairly Down
Slightly volatile
Operating Income492 M802.6 M
Way Down
Slightly volatile
Current Ratio2.361.9
Fairly Up
Slightly volatile
Investors should never underestimate Waters' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to research Waters' cash flow, debt, and profitability to make informed and accurate decisions about investing in Waters.

Cash And Equivalents

368.57 Million

  
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Understanding current and past Waters Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Waters' financial statements are interrelated, with each one affecting the others. For example, an increase in Waters' assets may result in an increase in income on the income statement.

Waters Earnings Geography

Please note, the imprecision that can be found in Waters' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Waters. Check Waters' Beneish M Score to see the likelihood of Waters' management manipulating its earnings.

Waters Stock Summary

Waters competes with Quest Diagnostics, Illumina, West Pharmaceutical, Medpace Holdings, and Laboratory. Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts. Waters Corp operates under Diagnostics Research classification in the United States and is traded on New York Stock Exchange. It employs 7800 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS9418481035
Business Address34 Maple Street,
SectorLife Sciences Tools & Services
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.waters.com
Phone508 478 2000
CurrencyUSD - US Dollar

Waters Key Financial Ratios

Waters Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets3.1B3.3B4.6B4.6B5.1B2.7B
Other Current Liab328.2M255.6M250.1M254.8M293.0M161.4M
Net Debt1.0B1.2B2.0B1.4B1.6B1.7B
Retained Earnings7.8B8.5B9.2B9.8B11.3B11.8B
Accounts Payable96.8M93.3M84.7M99.9M114.9M60.9M
Cash501.2M480.5M395.1M324.4M373.1M395.8M
Net Receivables612.6M722.9M702.2M733.4M828.8M421.0M
Inventory356.1M455.7M516.2M477.3M572.4M601.0M
Other Current Assets90.9M103.9M138.5M133.1M153.1M160.8M
Total Liab2.7B2.8B3.5B2.7B2.5B1.7B
Total Current Assets1.5B1.8B1.8B1.7B2.0B1.6B
Short Term Debt27.9M76.4M77.8M25.5M29.4M27.9M
Intangible Assets242.4M227.4M629.2M567.9M558.2M586.1M
Good Will437.9M430.3M1.3B1.3B1.3B1.4B
Common Stock1.6M1.6M1.6M1.6M1.9M1.6M
Other Liab534.3M1.3B1.2B399.5M459.4M303.9M
Other Assets328.7M381.5M215.7M295.7M554.6M582.4M
Long Term Debt1.5B1.6B2.3B1.6B1.4B1.2B
Net Tangible Assets(216.3M)232.1M(312.7M)(153.2M)(137.9M)(131.0M)
Long Term Debt Total1.5B1.6B2.3B1.6B1.4B1.6B
Capital Surpluse2.1B2.2B2.3B2.3B2.7B1.9B

Waters Key Income Statement Accounts

The reason investors look at the income statement is to determine what Waters' earnings per share (EPS) will be for research and analysis purposes. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, this information can be used for research and educational purposes even though its price per share may not have changed.
202120222023202420252026 (projected)
Interest Expense44.9M48.8M82.2M89.7M(50.8M)(48.2M)
Total Revenue2.8B3.0B3.0B3.0B3.2B1.8B
Gross Profit1.6B1.7B1.8B1.8B1.9B1.1B
Operating Income821.7M873.4M817.7M826.4M802.6M492.0M
Ebit851.1M886.6M817.7M844.5M971.2M486.7M
Research Development168.4M176.2M174.9M183.0M195.7M107.2M
Ebitda982.8M1.0B817.7M1.0B802.6M570.9M
Cost Of Revenue1.2B1.2B1.2B1.2B1.3B747.5M
Income Before Tax806.2M837.8M736.2M754.9M754.9M463.7M
Net Income692.8M707.8M642.2M637.8M642.6M373.6M
Income Tax Expense113.4M130.1M94.0M117.0M112.2M88.3M
Tax Provision113.4M130.1M121.0M117.0M112.2M118.5M
Interest Income32.7M37.8M15.5M17.4M50.8M33.0M
Net Interest Income(32.7M)(37.8M)(66.6M)(72.3M)(65.0M)(61.8M)

Waters Key Cash Accounts

202120222023202420252026 (projected)
Change To Inventory(67.3M)(101.9M)(45.4M)20.9M18.8M19.8M
Change In Cash64.5M(20.7M)(85.5M)(70.7M)262.5M275.6M
Free Cash Flow579.0M428.2M442.2M619.6M539.8M360.4M
Depreciation131.7M130.4M165.9M191.8M206.2M216.5M
Other Non Cash Items(16.6M)32.0M(742K)(112.2M)(101.0M)(96.0M)
Dividends Paid66.0M55.6M42.8M1.6B1.8B1.9B
Capital Expenditures168.3M183.5M160.6M142.5M112.7M98.5M
Net Income692.8M707.8M642.2M637.8M642.6M375.2M
End Period Cash Flow501.2M480.5M395.1M324.4M587.8M403.9M
Investments(63.4M)(108.0M)(1.5B)(144.0M)(129.6M)(123.1M)
Net Borrowings151.5M60M780M(730M)(657M)(624.2M)
Change To Netincome48.2M41.1M29.9M20.6M18.5M34.6M

Waters Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Waters's current stock value. Our valuation model uses many indicators to compare Waters value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Waters competition to find correlations between indicators driving Waters's intrinsic value. More Info.
Waters is rated below average in return on equity category among its peers. It is rated fourth in return on asset category among its peers reporting about  0.41  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Waters is roughly  2.46 . At this time, Waters' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Waters by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Most indicators from Waters' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waters current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Waters Stock please use our How to Invest in Waters guide.Tax Provision is likely to gain to about 118.5 M in 2026, whereas Selling General Administrative is likely to drop slightly above 474.1 M in 2026.
 2023 2024 2025 2026 (projected)
Gross Profit1.8B1.8B1.9B1.1B
Total Revenue3.0B3.0B3.2B1.8B

Waters fundamental ratios Correlations

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0.52-0.260.87-0.050.370.70.450.390.210.320.450.020.66-0.630.460.420.32-0.450.810.220.640.330.260.290.6
0.39-0.26-0.340.260.430.160.40.670.30.360.26-0.010.42-0.440.70.370.42-0.130.310.13-0.80.330.340.350.32
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0.66-0.050.26-0.290.270.370.290.290.350.39-0.010.60.130.050.090.340.490.560.050.66-0.440.420.430.280.41
0.390.370.430.40.270.770.980.750.050.960.83-0.40.75-0.810.520.990.92-0.10.55-0.16-0.140.880.890.960.59
0.610.70.160.510.370.770.760.560.060.770.61-0.020.64-0.660.540.790.77-0.130.710.20.110.770.740.730.6
0.450.450.40.470.290.980.760.760.190.930.86-0.310.8-0.850.580.980.9-0.130.62-0.06-0.070.850.850.90.68
0.680.390.670.310.290.750.560.760.340.650.6-0.130.91-0.840.770.740.73-0.30.70.16-0.280.590.580.650.75
0.590.210.30.030.350.050.060.190.34-0.04-0.020.60.38-0.270.510.140.13-0.210.490.71-0.14-0.04-0.12-0.10.64
0.390.320.360.340.390.960.770.930.65-0.040.78-0.380.65-0.690.410.950.940.060.44-0.16-0.150.970.980.940.53
0.180.450.260.6-0.010.830.610.860.6-0.020.78-0.480.65-0.80.50.780.68-0.180.51-0.30.170.650.670.690.54
0.520.02-0.01-0.30.6-0.4-0.02-0.31-0.130.6-0.38-0.48-0.180.350.07-0.32-0.220.240.070.95-0.15-0.33-0.36-0.460.21
0.680.660.420.60.130.750.640.80.910.380.650.65-0.18-0.940.770.760.68-0.460.860.130.040.60.560.650.8
-0.49-0.63-0.44-0.640.05-0.81-0.66-0.85-0.84-0.27-0.69-0.80.35-0.94-0.79-0.79-0.680.56-0.850.07-0.08-0.62-0.59-0.69-0.72
0.670.460.70.260.090.520.540.580.770.510.410.50.070.77-0.790.50.45-0.510.860.31-0.250.390.340.350.64
0.450.420.370.420.340.990.790.980.740.140.950.78-0.320.76-0.790.50.95-0.070.58-0.07-0.10.890.890.950.65
0.510.320.420.310.490.920.770.90.730.130.940.68-0.220.68-0.680.450.950.050.490.02-0.20.910.910.90.69
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0.720.810.310.610.050.550.710.620.70.490.440.510.070.86-0.850.860.580.49-0.630.340.160.450.370.420.74
0.750.220.13-0.130.66-0.160.2-0.060.160.71-0.16-0.30.950.130.070.31-0.070.020.10.34-0.16-0.11-0.17-0.240.45
-0.190.64-0.80.8-0.44-0.140.11-0.07-0.28-0.14-0.150.17-0.150.04-0.08-0.25-0.1-0.2-0.230.16-0.16-0.17-0.21-0.180.09
0.450.330.330.280.420.880.770.850.59-0.040.970.65-0.330.6-0.620.390.890.910.020.45-0.11-0.170.990.890.49
0.390.260.340.230.430.890.740.850.58-0.120.980.67-0.360.56-0.590.340.890.910.10.37-0.17-0.210.990.920.42
0.310.290.350.310.280.960.730.90.65-0.10.940.69-0.460.65-0.690.350.950.9-0.010.42-0.24-0.180.890.920.43
0.750.60.320.540.410.590.60.680.750.640.530.540.210.8-0.720.640.650.69-0.20.740.450.090.490.420.43
Click cells to compare fundamentals

Waters Account Relationship Matchups

Waters fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets3.1B3.3B4.6B4.6B5.1B2.7B
Other Current Liab328.2M255.6M250.1M254.8M293.0M161.4M
Net Debt1.0B1.2B2.0B1.4B1.6B1.7B
Retained Earnings7.8B8.5B9.2B9.8B11.3B11.8B
Accounts Payable96.8M93.3M84.7M99.9M114.9M60.9M
Cash501.2M480.5M395.1M324.4M373.1M395.8M
Net Receivables612.6M722.9M702.2M733.4M828.8M421.0M
Inventory356.1M455.7M516.2M477.3M572.4M601.0M
Other Current Assets90.9M103.9M138.5M133.1M153.1M160.8M
Total Liab2.7B2.8B3.5B2.7B2.5B1.7B
Total Current Assets1.5B1.8B1.8B1.7B2.0B1.6B
Short Term Debt27.9M76.4M77.8M25.5M29.4M27.9M
Intangible Assets242.4M227.4M629.2M567.9M558.2M586.1M
Good Will437.9M430.3M1.3B1.3B1.3B1.4B
Common Stock1.6M1.6M1.6M1.6M1.9M1.6M
Other Liab534.3M1.3B1.2B399.5M459.4M303.9M
Other Assets328.7M381.5M215.7M295.7M554.6M582.4M
Long Term Debt1.5B1.6B2.3B1.6B1.4B1.2B
Net Tangible Assets(216.3M)232.1M(312.7M)(153.2M)(137.9M)(131.0M)
Long Term Debt Total1.5B1.6B2.3B1.6B1.4B1.6B
Capital Surpluse2.1B2.2B2.3B2.3B2.7B1.9B

Waters Thematic Clasifications

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Today, most investors in Waters Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Waters' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Waters growth as a starting point in their analysis.

Price Earnings To Growth Ratio

79.4

At this time, Waters' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Waters February 17, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Waters help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Waters. We use our internally-developed statistical techniques to arrive at the intrinsic value of Waters based on widely used predictive technical indicators. In general, we focus on analyzing Waters Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Waters's daily price indicators and compare them against related drivers.

Additional Tools for Waters Stock Analysis

When running Waters' price analysis, check to measure Waters' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Waters is operating at the current time. Most of Waters' value examination focuses on studying past and present price action to predict the probability of Waters' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waters' price. Additionally, you may evaluate how the addition of Waters to your portfolios can decrease your overall portfolio volatility.