Waters Corporation (WAT) is a Technology stock trading at $376.75 (as of 2026-07-09), with a market capitalization of $36.99B and a trailing P/E of 82.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Waters Corporation provides analytical workflow systems through its Waters and TA segments, including instruments for liquid chromatography and mass spectrometry, thermal analysis, rheometry, and calorimetry, along with chromatography columns, consumables, software that interfaces with its instruments, and post-warranty service plans. Its technologies are used in areas such as drug discovery and development, protein analysis, nutritional safety, and environmental testing, and in evaluating materials and formulations for industrial and healthcare uses.
Waters Corporation makes and sells analytical instruments and related solutions, including liquid chromatography and mass spectrometry systems, plus thermal analysis and related software-based offerings, and it earns money from both products and ongoing services such as post-warranty service plans.
Because Waters sells sophisticated analytical instruments (product revenue) and also supports them with post-warranty services and other support products, its profit engine is tied to sustaining an installed base and maintaining recurring service and support demand alongside new instrument sales.
| Waters | $0.9B |
| TA | $0.4B |
Business quality (Mixed): Good business description and clear two-segment structure (Waters, TA), but the input set provides operating metrics mostly through revenue labels, and TA segment revenue is not explicitly listed (only Waters revenue is given).
Valuation: At 47× earnings, WAT trades 21% below the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.
| Price | $376.75 |
| Market Cap | $36.99B |
| P/E Ratio | 82.3 |
| EV / EBITDA | 58.6 |
| Price / Book | 2.42 |
| Price / Sales | 9.81 |
| FCF Yield | -0.1% |
| DCF Value (model) | $108.17 |
| DCF Upside vs Price | -71.3% |
| Revenue (TTM) | $3.17B |
| Net Margin | 20.3% |
| Revenue Growth (YoY) | 91.5% |
| EPS Growth (YoY) | -142.6% |
| FCF Growth (YoY) | -118.0% |
| Altman Z-Score | 13.05 (safe) |
| Piotroski F-Score | 4/9 (moderate) |
| Stock P/E | 82.3 |
| Sector P/E (Technology) | 33.6 |
| Industry P/E (Measuring & Control Equipment) | 58.0 |
| vs Sector | 145.0% |
| vs Industry | 41.9% |
| Top Institutional Holder | VANGUARD GROUP INC ($2.84B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Technology |
| Industry | Measuring & Control Equipment |
| CEO | Udit Batra |
| Employees | 7,600 |
| Country | US |
| IPO Date | 1995-11-17 |
Data as of 2026-07-09.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.