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Saturday 17 October 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. In the quarter to June 2026, revenue grew 113.4%, EPS fell 156.3%, free cash flow grew 750.0% and total debt rose 308.2%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

436.95 7.20 −1.62%
Market cap
$43.6B
P/E
109×
Fwd P/E
44.3×
Dividend yield
—
F-score
5/9
Altman Z
9.63
Beneish M
−2.37
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Waters Corporation (WAT) Current ratio

Alert me on Current ratio

Waters Corporation's current ratio at the end of the quarter to 30 June 2026 was 1.9×, up 0.1× 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 2.0× and below the Healthcare sector median of 3.0×.

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
Jun 2026 1.9× 4.10%
Mar 2026 1.8× 3.13%
Dec 2025 1.7× 13.03%
Sep 2025 1.5× (12.54%)
42 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 3.0×
A Agilent Technologies, Inc. compare 2.1×
WAT Waters Corporation 1.9×
ILMN Illumina, Inc. compare 1.8×
LH Labcorp Holdings Inc. compare 1.8×
DGX Quest Diagnostics Incorporated compare 1.6×
IDXX IDEXX Laboratories, Inc. compare 1.2×
MTD Mettler-Toledo International, Inc. compare 1.1×
IQV IQVIA Holdings Inc. compare 0.7×
Diagnostics & Research industry median 2.0×
Healthcare sector median 3.0×
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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