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

462.16 9.08 +2.00%
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

Waters Corporation (WAT) Return on assets

Alert me on Return on assets

Waters Corporation's return on assets over the twelve months to 30 September 2026 was 0.68%, down 12.7 percentage points from fiscal 2025 (13.4%). Over the past ten years it has ranged from 0.41% (fiscal 2017) to 23.4% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Diagnostics & Research industry median of −6.05% and above the Healthcare sector median of −29.3%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 13.4% (0.55)
FY2024 13.9% (2.34)
FY2023 16.2% (5.96)
FY2022 22.2% (1.15)
FY2021 23.4% 4.02
FY2020 19.3% 0.48
FY2019 18.9% 5.73
FY2018 13.1% 12.71
FY2017 0.41% (11.27)
FY2016 11.7% 0.16

Against its own ten years

Low 0.41% High 23.4%
Ten-year median 13.9%
Current reading's percentile 45

Return on assets against peers

Company Return on assets
IDXX IDEXX Laboratories, Inc. compare 33.3%
MTD Mettler-Toledo International, Inc. compare 25.6%
ILMN Illumina, Inc. compare 13.8%
A Agilent Technologies, Inc. compare 11.0%
DGX Quest Diagnostics Incorporated compare 6.73%
LH Labcorp Holdings Inc. compare 5.40%
IQV IQVIA Holdings Inc. compare 4.71%
WAT Waters Corporation 0.68%
NTRA Natera, Inc. compare −7.21%
Diagnostics & Research industry median −6.05%
Healthcare sector median −29.3%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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