Waters Corporation
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Waters Corporation's yearly results (2022–2025), compared with Healthcare companies in United States. Tap ? on any ratio for what it means.
What stands out
- Self-Funding Ratio: Over the last 3 years its own operating cash covered its investment spending (capex) 4.9 times. Higher than 86% of Healthcare companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$105Over the last 3 years, every $100 of reported profit came with $105 of operating cash.
Lower than 82% of Healthcare companies in United States.
Self-Funding Ratio
4.9×Over the last 3 years its own operating cash covered its investment spending (capex) 4.9 times.
Higher than 86% of Healthcare companies in United States.
Cash Locked Ratio
$40For every $100 of sales, $40 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $32 tied up three years earlier.
More money tied up than 80% of Healthcare companies in United States.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Steadier than 50% of Healthcare companies in United States.
Growth Efficiency Ratio
−$34Sales grew 7% in 3 years, but profit fell: $34 less profit per $100 of extra sales.
Lower than 79% of Healthcare companies in United States.
Asset Productivity Ratio
+7% / +55%In 3 years sales changed by +7% while total assets changed by +55%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
1.4×Debt due within a year is covered 1.4 times by its yearly operating cash.
Higher than 73% of Healthcare companies in United States.
Cash Cushion Ratio
−2%Debt, after subtracting cash, equals 2% of its market value (net debt).
Lower than 70% of Healthcare companies in United States.
Tangible Assets Ratio
63%Of every $100 the company owns, $63 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 67% of Healthcare companies in United States.
Tangible Net Worth Ratio
26%Of every $100 of net worth, $26 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 63% of Healthcare companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Waters Corporation owes $0.39 for every $1 it owns. Net profit rose 1% in the year to Dec 2025, and shrank 3% a year on average over 3 years.
Compared with Healthcare companies in United States · latest annual results Dec 2025.
P/E ratio
114.9Investors pay $114.9 for every $1 of Waters Corporation's yearly profit, higher than 91% of Healthcare companies in United States.
P/B ratio
2.93The share price is 2.93 times Waters Corporation's book value per share, higher than 54% of Healthcare companies in United States.
Market cap
$44.5 BThe total market value of all of Waters Corporation's shares at today's price (share price × number of shares), larger than 96% of Healthcare companies in United States. PosiCap size class: Tito Cap.
Net worth (book value)
$15.2 BWhat Waters Corporation would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$154.76Net worth divided by the number of shares. The share price of $453.67 is 2.9 times this, which is the P/B above.
Return on equity (ROE)
1.9%Waters Corporation earned 1.9% on its shareholders' money over the last year, higher than 77% of Healthcare companies in United States.
Owes vs Owns
0.39×Waters Corporation owes $0.39 for every $1 it owns (low), lower than 53% of Healthcare companies in United States.
Dividend yield
NoneWaters Corporation does not currently pay a dividend.
Revenue growth
+7%Revenue rose 7% in the year to Dec 2025, and grew 2% a year on average over 3 years.
Profit growth
+1%Net profit rose 1% in the year to Dec 2025, and shrank 3% a year on average over 3 years.
Profit margin
20.3%Waters Corporation keeps $20 of every $100 of revenue as net profit.
Cash quality
1.02×Cash from Waters Corporation's business was 1.02× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
11.5×Waters Corporation's operating profit covered its interest costs 11.5 times in the year to Dec 2025.
Cash vs debt
Net debtWaters Corporation had $903 M more debt than cash (net debt) at Dec 2025.
Questions
What is Waters Corporation's P/E ratio?
Investors pay $114.9 for every $1 of Waters Corporation's yearly profit, higher than 91% of Healthcare companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Waters Corporation: $44.5 B ÷ $15.2 B (30 Jun 2026) = 2.9.
What is Waters Corporation's return on equity?
Waters Corporation earned 1.9% on its shareholders' money over the last year, higher than 77% of Healthcare companies in United States.
How much does Waters Corporation owe compared with what it owns?
Waters Corporation owes $0.39 for every $1 it owns (low), lower than 53% of Healthcare companies in United States.
Does Waters Corporation pay a dividend?
No. Waters Corporation does not currently pay a dividend.
Is Waters Corporation's revenue growing?
Revenue rose 7% in the year to Dec 2025, and grew 2% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.