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STOCKS

Waters Corp. (WAT)

NYSE:WAT

WAT

Waters

RESEARCH TOOLSreports

Waters (WAT) Ratios

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408 Followers

Waters Ratios

WAT's free cash flow for Q3 2025 was $0.59. For the 2025 fiscal year, WAT's free cash flow was decreased by $ and operating cash flow was $0.25. See a summary of the company’s cash flow.

Ratios	TTM	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	1.53	2.22	2.11	2.26	1.64
Quick Ratio	1.08	1.57	1.53	1.74	1.26
Cash Ratio	0.37	0.50	0.61	0.74	0.54
Solvency Ratio	0.34	0.23	0.30	0.30	0.25
Operating Cash Flow Ratio	0.58	0.76	0.78	1.10	0.98
Short-Term Operating Cash Flow Coverage	1.49	7.75	8.00	26.78	4.45
Net Current Asset Value	$ -612.68M	$ -1.72B	$ -1.12B	$ -1.19B	$ -1.29B
Leverage Ratios
Debt-to-Assets Ratio	0.31	0.53	0.50	0.49	0.48
Debt-to-Equity Ratio	0.64	2.12	3.27	4.12	5.84
Debt-to-Capital Ratio	0.39	0.68	0.77	0.80	0.85
Long-Term Debt-to-Capital Ratio	0.30	0.67	0.75	0.80	0.84
Financial Leverage Ratio	2.09	4.02	6.50	8.42	12.23
Debt Service Coverage Ratio	1.55	5.13	7.74	13.94	3.27
Interest Coverage Ratio	11.10	8.27	23.12	25.12	19.68
Debt to Market Cap	0.07	0.12	0.08	0.07	0.09
Interest Debt Per Share	26.21	43.01	28.16	25.12	22.37
Net Debt to EBITDA	1.04	2.05	1.15	1.06	1.18
Profitability Margins
Gross Profit Margin	58.96%	59.57%	58.00%	58.49%	57.44%
EBIT Margin	27.11%	28.25%	29.73%	29.68%	27.59%
EBITDA Margin	31.93%	33.86%	34.12%	34.40%	32.89%
Operating Profit Margin	26.54%	27.66%	29.39%	29.50%	27.29%
Pretax Profit Margin	24.72%	24.90%	28.19%	28.94%	25.83%
Net Profit Margin	20.89%	21.72%	23.81%	24.87%	22.05%
Continuous Operations Profit Margin	20.89%	21.72%	23.81%	24.87%	22.05%
Net Income Per EBT	84.52%	87.23%	84.47%	85.94%	85.38%
EBT Per EBIT	93.13%	90.04%	95.93%	98.11%	94.64%
Return on Assets (ROA)	13.34%	13.88%	21.57%	22.39%	18.37%
Return on Equity (ROE)	31.34%	55.83%	140.29%	188.50%	224.68%
Return on Capital Employed (ROCE)	22.83%	21.31%	35.00%	34.03%	31.72%
Return on Invested Capital (ROIC)	16.99%	18.09%	28.39%	28.59%	24.60%
Return on Tangible Assets	21.97%	23.86%	26.98%	28.69%	24.41%
Earnings Yield	2.99%	3.30%	3.44%	3.02%	3.39%
Efficiency Ratios
Receivables Turnover	4.15	4.21	4.11	4.55	4.13
Payables Turnover	11.01	14.11	13.38	11.95	13.94
Inventory Turnover	2.22	2.32	2.74	3.25	3.31
Fixed Asset Turnover	4.35	4.09	5.10	5.08	4.79
Asset Turnover	0.64	0.64	0.91	0.90	0.83
Working Capital Turnover Ratio	4.33	3.22	3.43	4.06	59.11
Cash Conversion Cycle	218.91	218.47	194.76	162.10	172.61
Days of Sales Outstanding	87.97	86.69	88.78	80.27	88.47
Days of Inventory Outstanding	164.09	157.65	133.26	112.38	110.32
Days of Payables Outstanding	33.14	25.87	27.28	30.55	26.18
Operating Cycle	252.06	244.34	222.04	192.65	198.79
Cash Flow Ratios
Operating Cash Flow Per Share	12.23	10.20	10.20	12.14	12.73
Free Cash Flow Per Share	10.12	7.48	7.14	9.40	9.95
CapEx Per Share	2.11	2.72	3.06	2.73	2.78
Free Cash Flow to Operating Cash Flow	0.83	0.73	0.70	0.77	0.78
Dividend Paid and CapEx Coverage Ratio	5.78	3.75	3.33	4.44	4.59
Capital Expenditure Coverage Ratio	5.78	3.75	3.33	4.44	4.59
Operating Cash Flow Coverage Ratio	0.49	0.25	0.37	0.49	0.58
Operating Cash Flow to Sales Ratio	0.23	0.20	0.21	0.27	0.33
Free Cash Flow Yield	2.78%	2.27%	2.08%	2.52%	4.02%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	34.13	30.28	29.03	33.11	29.46
Price-to-Sales (P/S) Ratio	7.13	6.58	6.91	8.24	6.50
Price-to-Book (P/B) Ratio	9.50	16.91	40.73	62.42	66.18
Price-to-Free Cash Flow (P/FCF) Ratio	36.76	43.99	47.99	39.62	24.85
Price-to-Operating Cash Flow Ratio	30.41	32.26	33.60	30.70	19.43
Price-to-Earnings Growth (PEG) Ratio	-17.27	-3.84	5.94	0.98	-7.17
Price-to-Fair Value	9.50	16.91	40.73	62.42	66.18
Enterprise Value Multiple	23.37	21.48	21.42	24.99	20.93
Enterprise Value	22.72B	21.50B	21.72B	23.96B	16.28B
EV to EBITDA	22.92	21.48	21.42	24.99	20.93
EV to Sales	7.32	7.27	7.31	8.60	6.88
EV to Free Cash Flow	37.73	48.62	50.72	41.37	26.34
EV to Operating Cash Flow	31.21	35.66	35.51	32.06	20.60
Tangible Book Value Per Share	7.08	-13.28	-2.55	-5.08	-7.58
Shareholders’ Equity Per Share	39.15	19.47	8.41	5.97	3.74
Tax and Other Ratios
Effective Tax Rate	0.15	0.13	0.16	0.14	0.15
Revenue Per Share	52.17	50.04	49.54	45.24	38.09
Net Income Per Share	10.90	10.87	11.80	11.25	8.40
Tax Burden	0.85	0.87	0.84	0.86	0.85
Interest Burden	0.91	0.88	0.95	0.98	0.94
Research & Development to Revenue	0.06	0.06	0.06	0.06	0.06
SG&A to Revenue	0.07	0.23	0.22	0.22	0.23
Stock-Based Compensation to Revenue	0.02	0.01	0.01	0.01	0.02
Income Quality	1.12	0.94	0.86	1.08	1.52

Currency in USD