Waters Corporation WAT
- Market cap
- $42.3B
- P/E
- 108×
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Waters Corporation (WAT) Return on invested capital
Waters Corporation's return on invested capital over the twelve months to 30 June 2026 was 1.05%, down 16.1 percentage points from fiscal 2025 (17.2%). Over the past ten years it has ranged from 16.5% (fiscal 2024) to 56.1% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Diagnostics & Research industry median of 0.00% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 17.2% | 0.67 |
| FY2024 | 16.5% | (0.20) |
| FY2023 | 16.7% | (18.56) |
| FY2022 | 35.3% | (3.88) |
| FY2021 | 39.1% | (1.38) |
| FY2020 | 40.5% | (2.58) |
| FY2019 | 43.1% | (4.07) |
| FY2018 | 47.2% | (8.94) |
| FY2017 | 56.1% | 23.31 |
| FY2016 | 32.8% | 2.03 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 48.9% |
| MTD Mettler-Toledo International, Inc. compare | 35.4% |
| ILMN Illumina, Inc. compare | 17.5% |
| A Agilent Technologies, Inc. compare | 11.1% |
| DGX Quest Diagnostics Incorporated compare | 7.94% |
| IQV IQVIA Holdings Inc. compare | 6.80% |
| WAT Waters Corporation | 1.05% |
| NTRA Natera, Inc. compare | −22.3% |
| GH Guardant Health, Inc. compare | −129.7% |
| Diagnostics & Research industry median | 0.00% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on WAT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement