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Friday 6 November 2026 Export WAT’s income statement to Excel — free account

Waters Corporation

WAT Healthcare Diagnostics & Research

Waters Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 6.99% from fiscal 2024.

Revenue
+120.9%
EPS
−67.0%
Free cash flow
−66.7%
Total debt
+308.2%

Quarter to September 2026, against a year earlier

454.74 12.86 −2.75%
Market cap
$44.5B
P/E
194×
Fwd P/E
81.0×
Dividend yield
—
F-score
5/9
Altman Z
9.63
Beneish M
−2.37
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Waters Corporation (WAT) Current ratio

Alert me on Current ratio

Waters Corporation's current ratio at the end of the quarter to 30 September 2026 was 0.7×, down 1.1× from fiscal 2025 (1.7×). Over the past ten years it has ranged from 1.7× (fiscal 2025) to 7.0× (fiscal 2017) — the current reading is the lowest in ten years. That is below the Diagnostics & Research industry median of 2.3× and below the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.7× (18.01%)
FY2024 2.1× (4.80%)
FY2023 2.2× (1.11%)
FY2022 2.2× (6.22%)
FY2021 2.4× 37.53%
FY2020 1.7× (21.58%)
FY2019 2.2× (62.59%)
FY2018 5.9× (15.79%)
FY2017 7.0× 0.83%
FY2016 7.0× 22.64%

Quarterly newest first

Period Current ratio Change
Sep 2026 0.7× (64.61%)
Jun 2026 1.9× 4.10%
Mar 2026 1.8× 3.13%
Dec 2025 1.7× 13.03%
43 more quarters

Against its own ten years

Low 1.7× High 7.0×
Ten-year median 2.2×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
NTRA Natera, Inc. compare 2.8×
ILMN Illumina, Inc. compare 2.6×
A Agilent Technologies, Inc. compare 2.1×
DGX Quest Diagnostics Incorporated compare 1.7×
LH Labcorp Holdings Inc. compare 1.4×
IDXX IDEXX Laboratories, Inc. compare 1.2×
MTD Mettler-Toledo International, Inc. compare 1.1×
IQV IQVIA Holdings Inc. compare 0.8×
WAT Waters Corporation 0.7×
Diagnostics & Research industry median 2.3×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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