Waters (WAT) Return on Capital Employed (2009 - 2026)

Waters (WAT) posted quarterly Return on Capital Employed of 4.82% for Q2 2026, down 1856.0% year-over-year from 0.27% in Q2 2025, and down 77.61% on a QoQ basis from 21.52% in Q4 2025.

Waters (WAT) Return on Capital Employed (2009 - 2026) Analysis & Trends

Waters (WAT) has reported Return on Capital Employed for 16 consecutive years, with 4.82% the latest figure, recorded in 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 came in at 4.82% for Q2 2026 at Waters, down from 21.52% in the prior quarter.
  • The five-year high for Return on Capital Employed was 23.38% in Q1 2025, with the low at 4.82% in Q2 2026.
  • Average Return on Capital Employed over 4 years is 20.33%, with a median of 21.73% recorded in 2023.
  • Across the five-year window, Return on Capital Employed surged 256 bps in 2025 and tumbled 1856 bps in 2026, its largest moves.
  • Year by year, Return on Capital Employed stood at 21.68% in 2023, then grew by 2 bps to 22.08% in 2024, then retreated by 3 bps to 21.52% in 2025, then slumped by 78 bps to 4.82% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 4.82%, 21.52%, and 23.3% for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 4.82%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 8.12%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 6.26%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 67.98%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -3.63%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 14.57%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 10.24%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 16.90%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 45.73%
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 11.27%

Historic Data

Download Data
DateValue
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%