Waters (WAT) Debt to Equity (2009 - 2026)

Waters (WAT) posted quarterly Debt to Equity of $0.32 for Q2 2026, down 54.09% year-over-year from $0.69 in Q2 2025, and down 14.11% on a QoQ basis from $0.37 in Q4 2025.

Waters (WAT) Debt to Equity (2009 - 2026) Analysis & Trends

Waters (WAT) has reported Debt to Equity for 18 consecutive years, with $0.32 the latest figure, recorded in Q2 2026.

  • In Q2 2026, Debt to Equity fell 54.09% year-over-year to $0.32; the TTM figure through Apr 2026 stood at $0.32 (down 54.09% YoY), while the FY2025 annual figure was $0.37, down 58.43% from the prior year.
  • Debt to Equity came in at $0.32 for Q2 2026 at Waters, down from $0.37 in the prior quarter.
  • The five-year high for Debt to Equity was $3.02 in Q4 2022, with the low at $0.32 in Q2 2026.
  • Average Debt to Equity over 5 years is $1.26, with a median of $1.01 recorded in 2024.
  • Across the five-year window, Debt to Equity fell 26.61% in 2022 and plunged 64.33% in 2025, its largest moves.
  • Year by year, Debt to Equity stood at $3.02 in 2022, then plunged by 33.69% to $2.0 in 2023, then plunged by 55.63% to $0.89 in 2024, then slumped by 58.43% to $0.37 in 2025, then dropped by 14.11% to $0.32 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.32, $0.37, and $0.41 for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 0.32
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 0.83
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 0.35
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 0.53
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 0.01
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn -1.50
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 2.49
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 0.56
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn -53.21
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 0.74

Historic Data

Download Data
DateValue
Apr 4, 2026 0.32
Dec 31, 2025 0.37
Sep 27, 2025 0.41
Jun 28, 2025 0.55
Mar 29, 2025 0.69
Dec 31, 2024 0.89
Sep 28, 2024 1.14
Jun 29, 2024 1.42
Mar 30, 2024 1.60
Dec 31, 2023 2.00
Sep 30, 2023 2.71
Dec 31, 2022 3.02
Dec 31, 2021 4.12
Dec 31, 2020 5.20
Sep 26, 2020 -34.18
Jun 27, 2020 -8.06
Mar 28, 2020 -5.46
Dec 31, 2019 -7.31
Sep 28, 2019 10.87
Jun 29, 2019 2.07