Waters (WAT) Return on Capital Employed (2009 - 2026)
Waters (WAT) recorded quarterly Return on Capital Employed of 4.82% in Q2 2026, down 77.61% quarter-over-quarter from 21.52% in Q4 2025, and down 1856.0% on a YoY basis from 0.27% in Q2 2025.
Waters (WAT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Waters' Return on Capital Employed history runs 16 years deep, the most recent figure standing at 4.82% for Q2 2026.
- In Q2 2026, Return on Capital Employed fell 1856.0% year-over-year to 4.82%; the TTM figure through Apr 2026 stood at 4.82% (down 1856.0% YoY), while the FY2025 annual figure was 22.44%, up 70.0% from the prior year.
- Return on Capital Employed was 4.82% for Q2 2026 at Waters, down from 21.52% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 23.38% in Q1 2025 to a low of 4.82% in Q2 2026.
- Historically, Return on Capital Employed has averaged 20.33% across 4 years, with a median of 21.73% in 2023.
- The sharpest annual moves came in 2025 and 2026: Return on Capital Employed surged 256 bps in 2025, then slumped 1856 bps in 2026.
- A 4-year view of Return on Capital Employed shows it stood at 21.68% in 2023, then gained by 2 bps to 22.08% in 2024, then dropped by 3 bps to 21.52% in 2025, then sank by 78 bps to 4.82% in 2026.
- The last three Return on Capital Employed figures came in at 4.82% (Q2 2026), 21.52% (Q4 2025), and 23.3% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 4.82% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 8.12% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 6.26% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 67.98% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 14.57% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 10.24% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -3.63% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 16.90% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 45.73% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 11.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 4.82% |
| Dec 31, 2025 | 21.52% |
| Sep 27, 2025 | 23.30% |
| Jun 28, 2025 | 23.18% |
| Mar 29, 2025 | 23.38% |
| Dec 31, 2024 | 22.08% |
| Sep 28, 2024 | 21.79% |
| Jun 29, 2024 | 20.63% |
| Mar 30, 2024 | 20.90% |
| Dec 31, 2023 | 21.68% |
| Dec 31, 2020 | 33.02% |
| Sep 26, 2020 | 31.84% |
| Jun 27, 2020 | 32.30% |
| Mar 28, 2020 | 31.81% |
| Dec 31, 2019 | 36.00% |
| Sep 28, 2019 | 34.20% |
| Jun 29, 2019 | 29.49% |
| Mar 30, 2019 | 24.83% |
| Dec 31, 2018 | 21.53% |
| Sep 29, 2018 | 19.87% |