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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	236.5%-2.0pp	238.5%+3.3pp	235.2%+2.9pp	232.3%-1.4pp
Operating margin	107.9%-0.9pp	108.8%-4.1pp	112.9%-4.0pp	116.9%-2.0pp
Net margin	84.9%+0.4pp	84.5%-4.8pp	89.3%-6.9pp	96.2%-3.3pp
Returns
Return on equity	140%-72.0pp	212%-224pp	436.1%-376pp	812.4%—
Return on invested capital	91%-4.1pp	95.1%-43.4pp	138.5%-61.2pp	199.6%-13.7pp
Efficiency
Asset turnover	2.6×0.0×	2.7×-0.6×	3.3×-0.5×	3.7×+0.1×
Liquidity
Current ratio	6.8×-1.3×	8.2×-0.5×	8.7×-0.1×	8.8×-0.7×
Leverage
Debt-to-equity	2.2×-3.1×	5.3×-5.6×	10.9×-4.4×	15.3×-8.5×
Net debt / EBITDA	3.2×-4.1×	7.4×-0.9×	8.3×+3.5×	4.8×-0.4×
Per Share
Book value per share	$151.02+47.3%	$102.50+77.1%	$57.87+110%	$27.50+46.6%
Valuation
Market capitalization	$83B+2.5%	$80.96B+16.3%	$69.64B-7.4%	$75.21B-9.4%
Price / earnings	127.3×-4.2×	131.5×+26.5×	104.9×-2.1×	107×-17.3×
Price / sales	27×-0.8×	27.8×+4.4×	23.4×-2.3×	25.7×-5.2×
Price / book	37.2×-16.6×	53.8×-31.9×	85.6×-97.5×	183.2×-106×
EV / EBITDA	93.9×-5.4×	99.3×+15.2×	84.1×-1.8×	85.9×-14.9×

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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.