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Waters Corporation WAT Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

Other financials

Income statement

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Revenue$1.6B+113%
Gross profit$569.5M+8.6%
Operating income-$86.0M-146%
Net income$136.0M-7.6%
EPS (diluted)$1.39-43.7%

Balance sheet

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Cash & equivalents$539.0M+46.8%
Total debt$5.1B+298%
Total equity$15.2B+604%
Total assets$24.8B+425%

Cash flow

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Operating cash flow$200.0M+391%
CapEx-$49.0M-319%
Free cash flow$151.0M+723%

Valuation

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Market cap$39.27B+138%
Enterprise value$43.82B+151%
P/E89.6×+64.6×
P/S8.5×+3.0×

Profitability

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Gross margin59.3%-0.1pp
Operating margin7.1%-20.6pp
Net margin9.4%-12.3pp
FCF margin8.5%-11.8pp

Returns & leverage

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Return on equity5%-32.0pp
Debt / equity0.3×-0.3×
Current ratio1.8×0.0×

Where this comes from

Calculated from Waters Corporation’s reported figures.

The source filing: Waters Corporation’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 6:10 AM EDT
Accession
0001193125-26-331413

FAQ

What is Waters Corporation's invested capital?
Waters Corporation (WAT) reported invested capital of $19.74B in Q2 2026.
How has Waters Corporation's invested capital changed year-over-year?
Waters Corporation's invested capital increased by 542.9% year-over-year, from $3.07B to $19.74B.
What is the long-term trend for Waters Corporation's invested capital?
Over 5 years (2020 to 2025), Waters Corporation's invested capital has grown at a 22.3% compound annual growth rate (CAGR), from $1.1B to $3.01B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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