Waters (WAZ) Price & Analysis
WAZ Stock Chart & Stats
- Day’s Range
- EUR 414.60 - EUR 432.40
- 52-Week Range
- EUR 245.40 - EUR 432.40
- Previous Close
- EUR 430.80
- Volume
- 0
- Average Volume (3M)
- 18
- Market Cap
- EUR 40.57B
- Enterprise Value
- EUR 42.16B
- Total Cash (Recent Filing)
- EUR 539.00M
- Total Debt (Recent Filing)
- EUR 5.25B
- Price to Earnings (P/E)
- 115.1
- Beta
- 0.49
- Next Earnings
- Nov 03, 2026
- EPS Estimate
- 3.57
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Recurring Revenue Model
Waters combines higher-value instrument sales with recurring consumables, software, and service revenue over the life of each platform. This installed-base model can support customer retention, deepen workflow integration, and make revenue more durable than a purely transactional equipment business.
Organic Growth And Guidance
Raised organic growth guidance indicates that management sees demand holding across the portfolio despite currency and regional pressures. Continued growth at this level would expand the installed base, support recurring revenue growth, and provide operating leverage as cost actions take effect.
Cash Generation And Lower Leverage
Positive operating and free cash flow gives Waters internal funding capacity for product development, customer support, and integration needs. Combined with sharply lower debt-to-equity in the latest snapshot, this improves financial flexibility and reduces pressure on future capital allocation.
Bears Say
Margin Deterioration
The sharp decline in profitability indicates that recent revenue growth has not translated proportionally into earnings. Unless cost actions and mix improvements reverse the pressure, weaker margins could reduce cash conversion, constrain reinvestment, and make future earnings more sensitive to demand fluctuations.
China Market Weakness
Broad weakness across several China-related businesses creates a regional growth and execution risk for Waters. Persistent declines could weigh on consolidated revenue, delay adoption of new instruments and diagnostics, and make the company more dependent on growth in other geographies to sustain its outlook.
Slower Instrument Replacement
A slower replacement cycle can lengthen the time between major instrument purchases and reduce the pace of capital-equipment growth. It may also delay expansion of the installed base that generates consumables and service revenue, making sustained growth more reliant on existing-platform utilization and newer product adoption.
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Waters Stock Smart Score
Company Description
Waters
Waters Corporation is a global leader in specialized measurement, delivering analytical solutions across Asia, the Americas, and Europe. The company operates through two main divisions: Waters and TA. Under its Waters segment, it engineers, manufactures, sells, and provides support for high and ultra-performance liquid chromatography and mass spectrometry (MS) systems. This includes essential consumables like chromatography columns and comprehensive post-warranty service plans. The TA segment focuses on designing, producing, selling, and servicing instruments for thermal analysis, rheometry, and calorimetry. Additionally, Waters develops and supplies sophisticated software that integrates with both its own instruments and those from other manufacturers. The company's advanced MS technology plays a crucial role in various applications, such as drug discovery and development (including clinical trial assessments), analyzing proteins involved in disease processes, ensuring nutritional safety, and conducting environmental testing. Its thermal analysis, rheometry, and calorimetry instruments are vital for assessing the suitability and stability of a wide range of materials, including fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids. These instruments support diverse sectors like industrial manufacturing, consumer goods, healthcare products, and life science research. Waters' extensive client base spans the life sciences, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental sectors, where its products are instrumental in research and development, quality assurance, and general laboratory operations. Established in 1958, Waters Corporation is headquartered in Milford, Massachusetts.
- Sector
- Healthcare
- Industry
- Medical - Diagnostics & Research
- CEO
- Udit Batra
- Employees
- 7,900
- Website
- www.waters.com
- Address
- 34 Maple Street, Milford, MA, 01757, US
Waters (WAZ) Earnings & Revenues
WAZ Company Deck
WAZ Earnings Call
Earnings Call SentimentPositive
The call conveys a strongly positive operational and financial momentum: revenue beats, multiple high-impact product launches, accelerating performance in the acquired BD businesses (mid-single-digit growth and improving quarter-to-quarter), completed cost actions with significant run-rate savings, and raised full-year guidance. Offsetting risks are notable but manageable in the near term — acquisition accounting produced a GAAP loss, FX and China/DRG-related headwinds pressured some reported results, and integration-related cash outflows and contract remediation remain work in progress. Taken together, the highlights (organic growth outperformance, raised guidance, product-driven replacement opportunities, and meaningful cost synergies) materially outweigh the lowlights, though execution in China, reagent contract remediation and FX remain watch points.
View all DE:WAZ earnings summariesWAZ Net sales Breakdown
- 34.81% Waters instrument systems
- 19.95% Chemistry consumables
- 34.13% Waters service
- 7.70% TA instrument systems
- 3.41% TA service
WAZ Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 3 | 6 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 10 | 0 | 2 |