Waters Ratios (2009-2025) | WAT

Frequency:

Period:

1Y 3Y 5Y 7Y 10Y All

Values in:

Download Data

Ratios	Apr2009	Jul2009	Oct2009	Dec2009	Apr2010	Jul2010	Oct2010	Dec2010	Apr2011	Jul2011	Oct2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Apr2015	Jul2015	Oct2015	Dec2015	Apr2016	Jul2016	Oct2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Profitability
Gross Margin	61.73%	60.27%	59.05%	60.33%	60.31%	60.33%	59.36%	60.86%	60.28%	60.66%	60.33%	60.83%	60.21%	60.29%	59.40%	60.07%	59.43%	58.25%	58.11%	59.50%	56.40%	58.10%	59.00%	60.07%	58.90%	57.81%	58.69%	59.44%	57.67%	58.93%	72.36%	71.99%	57.61%	58.87%	58.29%	60.65%	58.28%	59.22%	73.04%	59.88%	74.24%	73.80%	74.05%	58.25%	74.22%	74.08%	71.99%	59.25%	58.24%	58.89%	58.87%	58.04%	58.63%	56.99%	56.66%	59.44%	58.46%	59.35%	59.05%	61.15%	75.95%	75.18%	73.88%	60.07%	74.53%	74.01%	73.67%
EBT Margin	25.00%	23.33%	25.15%	29.08%	24.50%	26.19%	25.07%	29.96%	26.32%	25.99%	26.78%	30.43%	24.85%	25.31%	25.74%	29.33%	24.03%	23.21%	24.63%	29.95%	19.22%	23.27%	26.65%	28.17%	24.62%	25.02%	25.88%	29.87%	22.44%	27.11%	27.61%	32.22%	22.79%	26.52%	27.19%	32.85%	26.49%	29.28%	29.28%	27.66%	22.84%	28.66%	28.54%	31.33%	12.45%	27.96%	25.34%	32.70%	28.56%	28.96%	27.71%	30.17%	27.03%	26.92%	25.88%	32.09%	24.12%	24.34%	21.53%	28.99%	18.04%	23.91%	26.15%	31.74%	21.59%	23.04%	21.27%
EBIT Margin	25.67%	23.89%	25.70%	29.45%	25.12%	27.00%	25.89%	30.64%	27.10%	26.93%	28.00%	31.62%	26.21%	26.61%	27.06%	30.55%	25.42%	24.98%	26.04%	31.16%	20.62%	24.57%	28.13%	29.47%	26.06%	26.34%	27.14%	30.91%	23.71%	28.26%	28.80%	33.13%	23.84%	27.57%	28.12%	33.55%	27.21%	30.05%	29.70%	34.20%	23.58%	29.65%	30.01%	33.01%	14.69%	29.83%	26.67%	33.52%	28.14%	28.82%	29.10%	31.35%	28.31%	27.95%	27.10%	33.35%	25.44%	26.99%	25.21%	32.24%	21.02%	26.69%	28.52%	33.49%	22.93%	24.40%	24.02%
EBITDA Margin	28.18%	26.08%	27.70%	29.45%	27.41%	27.00%	25.89%	30.64%	27.10%	26.93%	28.00%	31.62%	26.21%	26.61%	27.06%	30.55%	25.42%	24.98%	26.04%	31.16%	20.62%	24.57%	28.13%	29.47%	26.06%	26.34%	27.14%	30.91%	23.71%	28.26%	28.80%	33.13%	23.84%	27.57%	28.12%	33.55%	27.21%	30.05%	29.70%	34.20%	23.58%	29.65%	30.01%	33.01%	14.69%	29.83%	26.67%	33.52%	28.14%	28.82%	29.10%	31.35%	28.31%	27.95%	27.10%	33.35%	25.44%	26.99%	25.21%	32.24%	21.02%	26.69%	28.52%	33.49%	22.93%	24.40%	24.02%
Operating Margin	25.67%	23.89%	25.70%	29.45%	25.12%	27.00%	25.89%	30.64%	27.10%	26.93%	28.00%	31.62%	26.21%	26.61%	27.06%	30.55%	25.42%	24.98%	26.04%	31.16%	20.62%	24.57%	28.13%	29.47%	26.06%	26.34%	27.14%	30.91%	23.71%	28.26%	28.80%	33.13%	23.84%	27.57%	28.12%	33.55%	27.21%	30.05%	29.70%	34.20%	23.58%	29.65%	30.01%	33.01%	14.69%	29.83%	26.67%	33.52%	28.14%	28.82%	29.10%	31.35%	28.31%	27.95%	27.10%	33.35%	25.44%	26.99%	25.21%	32.24%	21.02%	26.69%	28.52%	33.49%	22.93%	24.40%	24.02%
Net Margin	22.02%	19.27%	20.31%	24.28%	20.54%	21.72%	23.62%	26.18%	22.10%	22.36%	22.28%	26.30%	21.09%	21.65%	22.03%	33.72%	28.13%	19.80%	21.44%	25.04%	16.33%	20.04%	23.01%	25.91%	20.86%	21.36%	23.23%	25.79%	19.79%	23.90%	23.70%	27.73%	21.20%	23.61%	24.06%	-51.39%	21.10%	26.11%	24.40%	25.89%	21.21%	24.10%	23.93%	28.01%	11.52%	23.64%	21.35%	27.75%	24.34%	24.54%	24.45%	25.85%	23.14%	23.08%	22.02%	26.45%	20.58%	20.33%	18.91%	26.38%	16.05%	20.15%	21.82%	26.51%	18.34%	19.07%	18.62%
FCF Margin	24.23%	25.67%	33.31%	24.83%	25.29%	25.73%	20.67%	24.53%	24.77%	17.60%	24.48%	22.24%	22.75%	16.32%	16.72%	19.16%	22.58%	17.38%	16.01%	20.81%	21.92%	17.35%	20.59%	24.16%	28.93%	18.00%	22.40%	23.67%	28.80%	24.95%	23.92%	24.05%			23.74%	23.57%	30.12%	13.40%	20.58%	20.93%	29.21%	14.60%	17.91%	19.30%	21.62%	29.41%	24.30%	28.02%				20.72%				15.90%			16.83%	23.01%	36.78%	2.60%	24.17%	21.55%	35.33%	2.40%	20.24%
Efficiency
Inventory Average	0.18B	0.19B	0.20B	0.19B	0.18B			0.21B	0.21B	0.23B	0.24B	0.23B	0.22B	0.24B	0.24B	0.24B	0.23B	0.24B	0.25B	0.25B			0.27B	0.26B	0.25B	0.27B	0.28B	0.27B	0.28B	0.29B	0.29B	0.28B				0.28B	0.28B	0.30B	0.31B	0.30B	0.31B	0.34B	0.36B	0.34B	0.33B	0.34B	0.34B	0.32B												0.53B	0.53B	0.53B	0.52B	0.50B	0.49B	0.53B	0.56B
Assets Average			1.84B	1.90B				2.27B	2.39B	2.51B	2.61B	2.68B	2.78B	2.86B	2.94B	3.08B	3.19B	3.25B	3.36B	3.50B	3.62B	3.69B	3.74B	3.81B	3.87B	3.95B	4.08B	4.19B	4.32B	4.41B	4.51B	4.62B				5.24B	4.91B	4.32B	4.10B	3.89B	3.49B	3.04B	2.69B	2.56B	2.61B	2.66B	2.66B	2.76B												4.56B	4.57B	4.48B	4.48B	4.53B	4.57B	4.65B	4.79B
Equity Average			0.76B	0.81B	0.83B			1.00B	1.11B	1.19B	1.19B	1.19B	1.26B	1.28B	1.30B	1.40B	1.47B	1.50B	1.57B	1.69B	1.79B	1.83B	1.84B	1.87B	1.88B	1.90B	1.95B	2.01B	2.08B	2.13B	2.20B	2.28B				2.43B	2.17B	2.04B	1.93B	1.72B	1.27B	0.76B	0.34B	-0.05B	-0.28B	-0.26B	-0.12B	0.10B												1.03B	1.20B	1.33B	1.51B	1.72B	1.90B	2.06B	2.25B
Invested Capital		0.86B	0.93B	0.98B	0.83B		1.02B	1.13B	1.54B	1.36B	1.43B	1.52B	1.61B	1.66B	1.78B	1.60B	1.61B	1.65B	1.75B	1.90B	2.05B	2.08B	2.07B	2.12B	2.04B	2.11B	2.14B	2.23B	2.23B	2.27B	2.38B	2.43B			2.85B	3.53B	2.12B	1.98B	1.88B	2.72B	2.02B	1.60B	1.37B	1.47B	-0.34B	-0.19B	-0.04B	1.59B				1.89B				2.08B			0.91B	3.51B	1.26B	1.41B	1.60B	3.46B	1.96B	2.16B	2.33B
Asset Utilization Ratio			0.81	0.79				0.73	0.71	0.70	0.70	0.69	0.66	0.65	0.63	0.60	0.58	0.57	0.55	0.54	0.53	0.52	0.53	0.52	0.52	0.51	0.50	0.49	0.48	0.48	0.47	0.47				0.44	0.48	0.55	0.58	0.62	0.69	0.79	0.89	0.94	0.90	0.86	0.86	0.86												0.65	0.64	0.64	0.65	0.65	0.65	0.65	0.65
Leverage & Solvency
Interest Coverage Ratio	27.31	32.73	33.56	53.91	35.33	29.16	27.25	38.20	28.38	23.87	20.66	24.69	16.98	17.46	17.13	20.98	15.23	14.87	16.18	22.22	11.85	14.85	15.31	17.79	13.37	14.41	15.07	19.70	11.13	13.80	12.96	17.21	9.33	10.93	10.78	15.09	10.43	15.33	15.01	20.94	10.48	15.52	15.12	16.62	4.85	11.92	14.51	23.85	15.65	16.33	17.31	24.09	17.68	17.48	15.46	20.60	12.06	8.59	5.89	8.61	5.24	7.97	9.85	15.39	10.63	13.11	7.21
Debt to Equity		0.86	0.83	0.74	0.88		0.86	0.72	0.69	0.68	0.84	0.81	0.80	0.87	0.86	0.80	0.84	0.83	0.80	0.75	0.73	0.76	0.78	0.77	0.80	0.81	0.83	0.81	0.82	0.82	0.79	0.79			0.74	0.89	0.59	0.58	0.61	0.73	1.19	2.07	10.87	-7.31	-5.46	-8.06	-34.18	5.20				4.12				3.02			2.71	2.00	1.60	1.42	1.14	0.89	0.69	0.55	0.41
Debt Ratio		0.35	0.34	0.33			0.36	0.33	0.32	0.33	0.37	0.36	0.36	0.38	0.38	0.37	0.38	0.39	0.38	0.37	0.36	0.37	0.38	0.38	0.38	0.39	0.40	0.39	0.39	0.39	0.39	0.39			0.38	0.38	0.28	0.28	0.28	0.31	0.35	0.41	0.49	0.62	0.69	0.58	0.53	0.42				0.49				0.46			0.55	0.50	0.44	0.45	0.40	0.36	0.30	0.25	0.19
Equity Ratio		0.41	0.41	0.44			0.42	0.46	0.47	0.48	0.44	0.45	0.45	0.44	0.44	0.46	0.46	0.46	0.47	0.49	0.50	0.49	0.49	0.49	0.48	0.48	0.48	0.48	0.48	0.48	0.49	0.49			0.51	0.42	0.47	0.48	0.46	0.42	0.30	0.20	0.05	-0.08	-0.13	-0.07	-0.02	0.08				0.12				0.15			0.20	0.25	0.28	0.32	0.36	0.40	0.43	0.46	0.48
Times Interest Earned	27.31	32.73	33.56	53.91	35.33	29.16	27.25	38.20	28.38	23.87	20.66	24.69	16.98	17.46	17.13	20.98	15.23	14.87	16.18	22.22	11.85	14.85	15.31	17.79	13.37	14.41	15.07	19.70	11.13	13.80	12.96	17.21	9.33	10.93	10.78	15.09	10.43	15.33	15.01	20.94	10.48	15.52	15.12	16.62	4.85	11.92	14.51	23.85	15.65	16.33	17.31	24.09	17.68	17.48	15.46	20.60	12.06	8.59	5.89	8.61	5.24	7.97	9.85	15.39	10.63	13.11	7.21
Valuation
Enterprise Value	3.36B	4.23B	4.57B	5.24B	5.66B	5.55B	5.69B	6.15B	6.99B	7.83B	5.70B	5.35B	6.90B	5.67B	5.86B	6.04B	6.48B	6.92B	7.44B	6.71B	7.32B	7.02B	6.46B	7.33B	8.20B	8.49B	7.50B	8.59B	8.33B	8.90B	10.06B	8.02B			8.42B	9.22B	11.26B	11.41B	11.52B	12.55B	16.83B	14.28B	14.45B	14.72B	11.13B	10.46B	11.43B	14.91B				22.17B				19.87B			15.87B	19.07B	20.04B	16.88B	20.88B	21.70B	21.13B	20.60B	16.90B
Market Capitalization	3.79B	4.73B	5.15B	5.87B	6.35B	5.87B	6.52B	7.10B	8.03B	8.95B	6.90B	6.64B	8.25B	7.06B	7.31B	7.58B	8.07B	8.57B	9.14B	8.51B	9.17B	8.93B	8.41B	9.39B	10.31B	10.70B	9.82B	10.99B	10.84B	11.50B	12.77B	10.83B			14.33B	15.36B	15.65B	15.17B	15.00B	14.29B	18.00B	14.95B	14.86B	15.06B	11.52B	10.82B	11.83B	15.35B				22.74B				20.35B			16.21B	19.47B	20.38B	17.21B	21.21B	22.03B	21.52B	20.97B	17.36B
Return Ratios
Return on Sales	0.20%	0.20%	0.20%	0.22%	0.21%	0.22%	0.23%	0.23%	0.24%	0.24%	0.23%	0.23%	0.23%	0.23%	0.23%	0.25%	0.27%	0.26%	0.26%	0.24%	0.21%	0.21%	0.21%	0.22%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.24%	0.24%	0.24%	0.24%	0.01%	0.01%	0.02%	0.02%	0.25%	0.25%	0.24%	0.24%	0.25%	0.23%	0.23%	0.22%	0.22%	0.25%	0.25%	0.25%	0.25%	0.25%	0.24%	0.24%	0.24%	0.23%	0.23%	0.22%	0.22%	0.21%	0.21%	0.21%	0.22%	0.22%	0.22%	0.21%
Return on Capital Employed			0.27%	0.26%				0.24%	0.28%	0.24%	0.26%	0.25%	0.25%	0.24%	0.24%	0.20%	0.19%	0.18%	0.17%	0.17%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.15%	0.15%	0.15%	0.15%				0.14%	0.16%	0.19%	0.20%	0.22%	0.25%	0.29%	0.34%	0.36%	0.32%	0.32%	0.32%	0.33%												0.22%	0.21%	0.21%	0.22%	0.22%	0.23%	0.23%	0.23%
Return on Invested Capital			0.35%	0.35%	0.37%			0.36%	0.31%	0.30%	0.31%	0.30%	0.28%	0.27%	0.26%	0.29%				0.26%	0.21%	0.21%	0.21%	0.22%	0.23%	0.24%	0.23%	0.22%	0.22%	0.23%	0.22%	0.23%				0.01%	0.01%	0.03%	0.03%	0.28%	0.27%	0.35%	0.43%	0.44%	1.01%	-2.08%	-4.62%	0.71%												0.32%	0.29%	0.51%	0.46%	0.28%	0.26%	0.34%	0.31%
Return on Assets			0.16%	0.17%				0.17%	0.17%	0.17%	0.16%	0.16%	0.15%	0.15%	0.14%	0.15%	0.15%	0.15%	0.14%	0.13%	0.11%	0.11%	0.11%	0.11%	0.12%	0.12%	0.12%	0.11%	0.11%	0.11%	0.11%	0.11%				0.00%	0.01%	0.01%	0.01%	0.15%	0.17%	0.19%	0.21%	0.23%	0.21%	0.19%	0.19%	0.19%												0.14%	0.13%	0.13%	0.14%	0.14%	0.14%	0.14%	0.14%
Return on Equity			0.40%	0.40%	0.39%			0.38%	0.36%	0.35%	0.35%	0.36%	0.34%	0.33%	0.33%	0.33%	0.34%	0.32%	0.31%	0.27%	0.22%	0.22%	0.23%	0.23%	0.24%	0.25%	0.24%	0.23%	0.22%	0.23%	0.23%	0.23%				0.01%	0.01%	0.02%	0.03%	0.34%	0.47%	0.76%	1.72%	-11.75%	-1.94%	-1.95%	-4.32%	5.47%												0.62%	0.50%	0.45%	0.41%	0.37%	0.35%	0.32%	0.29%

Research Tools

Waters Ratios (2009-2025) | WAT

Create an account

Sign In

Reset Password

Get Pro for 60% off