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Waters Corporation WAT Net debt / EBITDA

Net debt / EBITDA at other companies

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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$37.05B+118%
Enterprise value$41.59B+132%
P/E84.6×+58.8×
P/S+2.4×

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.

Based on the most recent quarter.

The source filing: Waters Corporation’s 10-Q, filed May 12, 2026. Open the filing →

Filed
May 12, 2026, 4:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-219487

FAQ

What is Waters Corporation's net debt / EBITDA?
Waters Corporation (WAT) reported net debt / EBITDA of 6.7× in Q1 2026.
How has Waters Corporation's net debt / EBITDA changed year-over-year?
Waters Corporation's net debt / EBITDA increased by 494.6% year-over-year, from 1.1× to 6.7×.
What is the long-term trend for Waters Corporation's net debt / EBITDA?
Over 5 years (2020 to 2025), Waters Corporation's net debt / EBITDA has grown at a -16.3% compound annual growth rate (CAGR), from 1.2× to 0.5×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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