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Asset turnover at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×
Danaher logo
DanaherDHR
0.3×0.0×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
1.2×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.6×0.0×
Veralto logo
VeraltoVLTO
0.8×-0.1×
Ecolab logo
EcolabECL
0.7×0.0×

Other financials

Income statement

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Revenue$1.3B+91.4%
Operating income-$47.0M-131%
Net income-$72.0M-160%
EPS (diluted)-$0.87-143%

Balance sheet

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Cash & equivalents$462.0M+20.7%
Total debt$5.2B+263%
Total equity$15.3B+679%
Total assets$24.5B+434%

Cash flow

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Operating cash flow-$3.0M-101%
CapEx$39.0M+50.0%
Free cash flow-$42.0M-118%

Valuation

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Market cap$35.05B+33.4%
Enterprise value$39.8B+48.0%
P/E78×+38.0×
P/S9.3×+0.5×

Profitability

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Gross margin59.3%-0.1pp
Operating margin16%-12.3pp
Net margin11.9%-10.1pp

Returns & leverage

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Return on equity5.2%-35.6pp
Debt / equity0.3×-0.4×
Current ratio1.8×0.0×

Where this comes from

Calculated from Waters Corporation’s reported figures.

Based on trailing twelve months.

The official record: Waters Corporation’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waters Corporation's asset turnover?
Waters Corporation (WAT) reported asset turnover of 0.3× in Q1 2026.
How has Waters Corporation's asset turnover changed year-over-year?
Waters Corporation's asset turnover decreased by 60.5% year-over-year, from 0.7× to 0.3×.
What is the long-term trend for Waters Corporation's asset turnover?
Over 4 years (2021 to 2025), Waters Corporation's asset turnover has grown at a -7.9% compound annual growth rate (CAGR), from 3.7× to 2.6×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.