Waters (WAT) Equity Ratio (2009 - 2026)

Waters (WAT) recorded quarterly Equity Ratio of 0.62 in Q2 2026, up 23.53% quarter-over-quarter from 0.5 in Q4 2025, and up 45.89% on a YoY basis from 0.43 in Q2 2025.

Waters (WAT) Equity Ratio (2009 - 2026) Analysis & Trends

Waters' Equity Ratio history runs 18 years deep, the most recent figure standing at 0.62 for Q2 2026.

  • In Q2 2026, Equity Ratio rose 45.89% year-over-year to 0.62; the TTM figure through Apr 2026 stood at 0.62 (up 45.89% YoY), while the FY2025 annual figure was 0.5, up 25.64% from the prior year.
  • Equity Ratio was 0.62 for Q2 2026 at Waters, up from 0.5 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.62 in Q2 2026 to a low of 0.15 in Q4 2022.
  • Historically, Equity Ratio has averaged 0.37 across 5 years, with a median of 0.38 in 2024.
  • The sharpest annual moves came in 2024 and 2025: Equity Ratio jumped 76.47% in 2024, then gained 25.64% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.15 in 2022, then soared by 61.72% to 0.25 in 2023, then surged by 61.55% to 0.4 in 2024, then increased by 25.64% to 0.5 in 2025, then climbed by 23.53% to 0.62 in 2026.
  • The last three Equity Ratio figures came in at 0.62 (Q2 2026), 0.5 (Q4 2025), and 0.48 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Waters 30,529.42 Bn 30,528.96 Bn 1.11 Bn 0.62
2 Thermo Fisher Scientific 183.75 Bn 180.50 Bn 7.74 Bn 0.46
3 Danaher 133.13 Bn 127.43 Bn 3.59 Bn 0.63
4 Idexx Laboratories 46.14 Bn 45.94 Bn 722.74 Mn 0.46
5 Agilent Technologies 38.20 Bn 36.39 Bn 990.00 Mn -0.02
6 Natera 31.50 Bn 30.40 Bn 696.04 Mn 0.68
7 Iqvia Holdings 31.34 Bn 29.36 Bn 1.36 Bn 0.21
8 Illumina 24.51 Bn 23.36 Bn 721.00 Mn 0.41
9 Mettler Toledo International 23.53 Bn 23.47 Bn 555.82 Mn -0.01
10 Quest Diagnostics 22.51 Bn 22.42 Bn 942.00 Mn 0.46

Historic Data

Download Data
DateValue
Apr 4, 2026 0.62
Dec 31, 2025 0.50
Sep 27, 2025 0.48
Jun 28, 2025 0.46
Mar 29, 2025 0.43
Dec 31, 2024 0.40
Sep 28, 2024 0.36
Jun 29, 2024 0.32
Mar 30, 2024 0.28
Dec 31, 2023 0.25
Sep 30, 2023 0.20
Dec 31, 2022 0.15
Dec 31, 2021 0.12
Dec 31, 2020 0.08
Sep 26, 2020 -0.02
Jun 27, 2020 -0.07
Mar 28, 2020 -0.13
Dec 31, 2019 -0.08
Sep 28, 2019 0.05
Jun 29, 2019 0.20