Waters Corp

NYSE:WATHealthcareCBOE:SPESGSTOXX:EDD24BP

$434.27−0.61%At closeAt close · Tue 20 Oct · ≈ AED 1,594.86 · Market cap $42.67B · Next earnings Tue 3 Nov · Extended $431.05 −0.74%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	57.4%	58.5%	58.0%	59.6%	59.4%	57.8%	—	—
Operating margin	27.3%	29.5%	29.4%	27.7%	27.9%	28.2%	28.2%	+0.0 pts
Net margin	22.1%	24.9%	23.8%	21.7%	21.6%	20.3%	20.3%	+0.0 pts
EBITDA margin	33.2%	35.3%	34.2%	33.9%	35.0%	32.0%	—	—
Return on equity	224.7%	188.5%	140.3%	55.8%	34.9%	25.1%	25.1%	+0.0 pts
Return on assets	18.4%	22.4%	21.6%	13.9%	14.0%	12.7%	12.7%	+0.0 pts
Return on capital employed	31.7%	34.0%	35.0%	21.3%	22.0%	23.3%	—	—
Debt / equity	6.3×	4.4×	3.3×	2.1×	0.9×	0.6×	0.6×	+0.0%
Debt / assets	51.1%	51.7%	50.7%	52.8%	37.4%	29.4%	—	—
Interest coverage	13.2×	18.3×	17.9×	8.3×	9.2×	12.8×	—	—
Current ratio	1.7×	2.4×	2.2×	2.2×	2.1×	1.7×	1.7×	+0.0%
Quick ratio	1.4×	1.9×	1.7×	1.6×	1.5×	1.3×	—	—
Cash ratio	0.5×	0.7×	0.6×	0.5×	0.4×	0.5×	0.5×	+0.0%
Asset turnover	0.8×	0.9×	0.9×	0.6×	0.6×	0.6×	—	—
Inventory turnover	3.3×	3.2×	2.7×	2.3×	2.5×	2.3×	—	—
Receivables turnover	4.1×	4.5×	4.1×	4.2×	4.0×	3.8×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.