Skip to content

Waters Corporation WAT Return on invested capital

Return on invested capital at other companies

Revvity logo
RevvityRVTY
3.6%+0.5pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
8.5%+0.5pp
Danaher logo
DanaherDHR
6%-0.1pp
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
47.1%-2.2pp
Agilent Technologies logo
Agilent TechnologiesA
16.2%+0.7pp
Veralto logo
VeraltoVLTO
25%-1.3pp

Other financials

Income statement

See full
Revenue$1.3B+91.4%
Gross profit$569.5M+8.6%
Operating income-$47.0M-131%
Net income-$72.0M-160%
EPS (diluted)-$0.87-143%

Balance sheet

See full
Cash & equivalents$462.0M+20.7%
Total debt$5.2B+263%
Total equity$15.3B+679%
Total assets$24.5B+434%

Cash flow

See full
Operating cash flow-$3.0M-101%
CapEx$39.0M+50.0%
Free cash flow-$42.0M-118%

Valuation

See full
Market cap$34.9B+33.4%
Enterprise value$39.65B+48.0%
P/E77.7×+37.8×
P/S9.3×+0.5×

Profitability

See full
Gross margin59.3%-0.1pp
Operating margin16%-12.3pp
Net margin11.9%-10.1pp
FCF margin7%-13.8pp

Returns & leverage

See full
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 →

Ask your AI about Waters Corporation's return on invested capital.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Waters Corporation's return on invested capital?
Waters Corporation (WAT) reported return on invested capital of 4.5% in Q1 2026.
How has Waters Corporation's return on invested capital changed year-over-year?
Waters Corporation's return on invested capital decreased by 80.9% year-over-year, from 23.5% to 4.5%.
What is the long-term trend for Waters Corporation's return on invested capital?
Over 5 years (2020 to 2025), Waters Corporation's return on invested capital has grown at a -15.0% compound annual growth rate (CAGR), from 49.6% to 22%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.