TICKVALE
>⌘K
NYSE · CIK 0001000697 · LABORATORY ANALYTICAL INSTRUMENTS

Waters Corporation

WAT chart by TradingView
P/E 55579.1xP/B 1634.2xP/SALES 6628.1xEV/EBITDA 25854.5xFCF YIELD

PRICE HISTORY

LIVE · NYSE
WAT chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$3.2B
EBITDA
$1.0B
FREE CASH FLOW
$0.5B
EPS
$10.76
GROSS MARGIN
59.28%
ROIC
22.00%
Q1 FY26ENDED APR 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

55579.1x
+135%
LATEST · Q1 FY26
55579.1xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
26.8x765883.1x

P / SALES (TTM)

6628.1x
+20%
LATEST · Q1 FY26
6628.1xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
5.6x8277.3x

P / BOOK

1634.2x
-70%
LATEST · Q1 FY26
1634.2xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
7.5x128639.7x

EV / EBITDA (TTM)

25854.5x
+41%
LATEST · Q1 FY26
25854.5xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
17.5x25854.5x

EV / REVENUE (TTM)

6629.3x
+20%
LATEST · Q1 FY26
6629.3xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
5.8x8277.6x

FCF YIELD (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DIVIDEND YIELD (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$1.3B
+136%
LATEST · Q1 FY26
1.3BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EBITDA (DERIVED)

$0.2B
-3%
LATEST · Q1 FY26
0.2BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

NET INCOME

$-0.1B
-156%
LATEST · Q1 FY26
-0.1BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EPS (DILUTED)

$-0.00
-156%
LATEST · Q1 FY26
-0.00Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

REVENUE GROWTH YOY

91.39%
+82.9pp
LATEST · Q1 FY26
91.39%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-13.21%91.39%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-3.31%
-38.7pp
LATEST · Q1 FY26
-3.31%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-3.31%35.35%

RETURN ON CAPITAL

2.28%
-11.9pp
LATEST · Q1 FY26
2.28%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
0.57%52.70%

RETURN ON EQUITY (TTM)

2.94%
-19.8pp
LATEST · Q1 FY26
2.94%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
0.91%486.60%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN-3.71%
NET MARGIN-5.68%
FCF MARGIN-3.31%
99.9558.6817.40-23.87-65.15GROSSOPERNETFCFQ2 FY16Q2 FY17Q2 FY18Q2 FY19Q2 FY20Q2 FY21Q2 FY22Q2 FY23Q2 FY24Q2 FY25Q1 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$-0.0B
-118%
LATEST · Q1 FY26
-0.0BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

STOCK-BASED COMP

$0.0B
+138%
LATEST · Q1 FY26
0.0BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

CAPITAL EXPENDITURE

$0.0B
+50%
LATEST · Q1 FY26
0.0BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

SHARES OUTSTANDING

82.14B
+1%
LATEST · Q1 FY26
82.14BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DIVIDEND / SHARE

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.5B
-0%
LATEST · Q1 FY26
0.5BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

TOTAL DEBT

$4.9B
+176%
LATEST · Q1 FY26
4.9BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DEBT / EBITDA (TTM)

5.0x
+80%
LATEST · Q1 FY26
5.0xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
0.9x5.0x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 99.09%INSIDERS 0.10%OTHER / RETAIL 0.81%1,616 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.70%8.5M$3.48B+57.3%
Vanguard Capital Management LLC6.50%6.4M$2.60BNEW
Vanguard Portfolio Management LLC4.84%4.8M$1.93BNEW
T. Rowe Price Investment Management, Inc.4.75%4.7M$1.90B+3366.7%
Massachusetts Financial Services Co.4.71%4.6M$1.88B-0.1%
State Street Corporation4.44%4.4M$1.77B+62.6%
Fundsmith LLP3.27%3.2M$1.31B-9.7%
Geode Capital Management, LLC2.70%2.6M$1.08B+66.1%
Invesco Ltd.2.21%2.2M$882.2M+85.8%
Alliancebernstein L.P.2.16%2.1M$861.2M+2.4%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.