Healthcare
Waters Corporation(WAT)
Live Price
Offline$355.53
-1.17% today
1Y Change
+4.13%
Window
Jun 23, 2025 โ Jun 17, 2026
- Market Cap
- $17.96B
- Revenue Growth
- +7.0%
- EPS Growth
- +0.5%
- Dividend Yield
- 0.0%
Coverage: 248 bars ยท Jun 23, 2025 โ Jun 17, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Waters Corporation (WAT) is a Healthcare stock with a market cap of $17.96B and listed on NYSE. The stock last traded around $355.53 and up 4.1% across the available one-year price window (Jun 23, 2025 โ Jun 17, 2026). Baseline metrics include revenue growth of +7.0%, EPS growth of +0.5%, a dividend yield of 0.0%. What stands out right now is revenue +7.0%, EPS +0.5%, free cash flow -12.9% with operating margin 26.6% and ROIC 14.1%. Valuation sits in the middle of the pack at P/E 28.0 and price/sales 5.7. Stock Foundry combines WAT price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Healthcare peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Near sector median
+7.0% vs +7.6% peer median
Operating Margin
Above sector median
+26.6% vs +19.4% peer median
P/E
Below sector median
28.0 vs 36.3 peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 5, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +7.0% and EPS at +0.5%, with operating margin around 26.6%.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +1.9% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 5, 2026 | โ | +2.0% | +2.8% | +10.8% |
2026 Feb 9, 2026 | +0.4% | -0.3% | -2.0% | -8.7% |
2025 Nov 4, 2025 | +5.9% | +1.3% | +5.1% | +8.2% |
Benchmark Comparison
Normalized Performance vs SPY
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
WAT
โ
Normalized return
SPY
โ
S&P 500
Excess Return
โ
Relative to SPY
WAT Max Drawdown
-31.32%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for WAT and SPY.
Company Overview
Waters Corporation
New York Stock Exchange
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
- Leadership
- Udit Batra
- IPO Date
- Nov 17, 1995
- Employees
- 7.6k
- Street Address
- 34 Maple Street
- Mailing
- Milford, MA, 01757
- Region
- Milford, MA, US
- Reporting Currency
- USD
- Investor Line
- 508 478 2000
- Last Updated
- May 5, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 28.0
- EV/EBITDA
- 18.3
- Price/Sales
- 5.7
- Price/Book
- 7.0
Growth
- Revenue
- +7.0%
- EPS
- +0.5%
- Free Cash Flow
- -12.9%
Profitability
- Gross Margin
- 58.9%
- Operating Margin
- 26.6%
- Net Margin
- 20.3%
- ROE
- 28.5%
- ROIC
- 14.1%
Balance Sheet
- Debt/Equity
- 0.55
- Current Ratio
- โ
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.