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Company Analysis

Waters Corporation WAT

A comprehensive view of key metrics, scores, and financial health for Waters Corporation

Overview of Waters Corporation

WAT NYQ
Healthcare Diagnostics & Research Large Cap
Waters Corporation (WAT), is a Large Cap company, in the Diagnostics & Research industry, last closed at $286.57, about 74.5% overvalued vs fair value, -24.4% 1Y return, placing in the top 10% of its sector.
$286.57
1.15%
As of March 13, 2026
Previous close • Vol 90d: 37.5%
52-Week Range
Market Cap
$29.68B
Enterprise Value
$30.50B
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.waters.com
HQ Milford, MA
Employees 7,900
Fiscal year Dec 31

Next Events

Earnings May 5 Estimated

Fair Value Snapshot

Bear Base Bull
$66
$73
$81
Current: $286.57 -75% vs base

Engine Room Money Flow™

Large Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$3.2B
7%%
Gross Profit
$1.8B
4%%
Operating Income
$893.2M
6.6%%
Net Income
$642.6M
0.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
96.4%
Good

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$2.3B
371.8% of FCF

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
2
Active Leaks
1/2
Improving
0
High Impact
1
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Waters Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
79
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
87
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing WAT's balance between Growth (22.1%), Profitability (45.9%), and Safety (32.0%). Growth 22% Safety 32% Profitability 46%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

42th percentile vs peers
42
Key Signals
Rev Growth YoY 7.0% 51p Revenue CAGR 3Y 2.1% 37p EPS CAGR 3Y -1.4% 52p EPS Growth YoY -1.2% 25p
Strengths
  • Interest Coverage Ratio in top 20% of peers (15.87, 87th percentile)
  • Superior capital returns - 3 return metrics above peer median
  • Operating Margin in top 20% of peers (28.2%, 94th percentile)
Risks

No significant risks identified for this axis.

Profitability

87th percentile vs peers
88
Key Signals
Strengths
Risks
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Safety

61th percentile vs peers
61
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Waters Corporation.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$72.99
- - -
-74.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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