What are Waters Corporation's profit margins?

Waters Corporation (WAT) runs a 59.3% gross margin and a 16.0% operating margin, with a 11.9% net margin.

Where do Waters Corporation's ratios come from?

Every ratio is computed from Waters Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Waters Corporation WAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	16%-12.3pp	25.4%-2.6pp	26.5%-0.9pp	27.7%+1.0pp	28.3%+1.6pp
Net margin	11.9%-10.1pp	20.3%-1.3pp	20.9%-0.6pp	21.7%+1.0pp	22%+1.3pp
Returns
Return on equity	5.2%-35.6pp	29.3%-13.6pp	33%-16.7pp	37%-17.6pp	40.8%-24.2pp
Return on invested capital	4.5%-19.0pp	22%0.0pp	22.9%+0.8pp	22.6%+1.1pp	23.5%-6.0pp
Efficiency
Asset turnover	0.3×-0.4×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×-0.1×
Liquidity
Current ratio	1.8×0.0×	1.7×-0.4×	1.5×-0.5×	1.8×-0.3×	1.8×-0.1×
Leverage
Debt-to-equity	0.3×-0.4×	0.4×-0.5×	0.4×-0.7×	0.6×-0.9×	0.7×-0.9×
Net debt / EBITDA	6.7×+5.6×	0.5×-1.0×	0.6×-1.2×	1×-1.1×	1.1×-0.9×
Per Share
Book value per share	$186.17+467%	$42.87+39.8%	$39.09+45.1%	$36.20+52.4%	$32.86+55.4%
Valuation
Market capitalization	$29.21B+33.4%	$22.62B+2.7%	$17.85B-16.4%	$20.64B+20.1%	$21.9B+7.4%
Price / earnings	65×+31.7×	35.2×+0.7×	27.5×-6.8×	31.2×+2.4×	33.3×-0.4×
Price / sales	7.7×+0.4×	7.1×-0.3×	5.7×-1.6×	6.8×+0.8×	7.3×+0.3×
Price / book	1.9×-9.3×	8.8×-3.2×	7.7×-5.7×	9.6×-2.6×	11.2×-5.1×
EV / EBITDA	48.1×+23.5×	25.9×+0.3×	20.2×-5.7×	23.2×+1.0×	24.6×-1.0×

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Questions, answered.

What are Waters Corporation's profit margins?: Waters Corporation (WAT) runs a 59.3% gross margin and a 16.0% operating margin, with a 11.9% net margin.
Where do Waters Corporation's ratios come from?: Every ratio is computed from Waters Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.