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Waters Corporation WAT Return on assets

Return on assets at other companies

Thermo Fisher Scientific logo
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6.5%-0.2pp
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DanaherDHR
4.5%-0.1pp
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Mettler-Toledo International, Inc.MTD
25.4%-0.7pp
Agilent Technologies logo
Agilent TechnologiesA
11.2%+1.1pp
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VeraltoVLTO
13.6%-0.6pp
Ecolab logo
EcolabECL
8.9%-0.7pp

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 return on assets?
Waters Corporation (WAT) reported return on assets of 3.1% in Q1 2026.
How has Waters Corporation's return on assets changed year-over-year?
Waters Corporation's return on assets decreased by 78.6% year-over-year, from 14.4% to 3.1%.
What is the long-term trend for Waters Corporation's return on assets?
Over 4 years (2021 to 2025), Waters Corporation's return on assets has grown at a -11.5% compound annual growth rate (CAGR), from 91.3% to 56%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.