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| 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% |