Waters (WAT) Ratios
Waters Ratios
MX:WAT's free cash flow for Q2 2026 was $153.00M. For the 2026 fiscal year, MX:WAT's free cash flow was decreased by $-48.00M and operating cash flow was $201.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.73 | 2.11 | 2.22 | 2.24 | 2.39 |
| Quick Ratio | 1.27 | 1.51 | 1.57 | 1.66 | 1.87 |
| Cash Ratio | 0.47 | 0.41 | 0.50 | 0.61 | 0.74 |
| Solvency Ratio | 0.34 | 0.30 | 0.23 | 0.30 | 0.30 |
| Operating Cash Flow Ratio | 0.53 | 0.97 | 0.76 | 0.78 | 1.10 |
| Short-Term Operating Cash Flow Coverage | 1.42 | 0.00 | 12.06 | 12.23 | 0.00 |
| Net Current Asset Value | $ -367.66M | $ -1.06B | $ -1.72B | $ -1.01B | $ -1.10B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.29 | 0.37 | 0.53 | 0.51 | 0.52 |
| Debt-to-Equity Ratio | 0.58 | 0.93 | 2.12 | 3.30 | 4.36 |
| Debt-to-Capital Ratio | 0.37 | 0.48 | 0.68 | 0.77 | 0.81 |
| Long-Term Debt-to-Capital Ratio | 0.27 | 0.47 | 0.67 | 0.75 | 0.80 |
| Financial Leverage Ratio | 1.98 | 2.49 | 4.02 | 6.50 | 8.42 |
| Debt Service Coverage Ratio | 1.70 | 10.25 | 6.09 | 8.98 | 19.35 |
| Interest Coverage Ratio | 12.84 | 9.21 | 8.27 | 17.90 | 18.29 |
| Debt to Market Cap | 0.06 | 0.07 | 0.12 | 0.08 | 0.07 |
| Interest Debt Per Share | 26.23 | 30.20 | 43.01 | 28.54 | 26.74 |
| Net Debt to EBITDA | 0.89 | 1.33 | 2.05 | 1.16 | 1.12 |
| Profitability Margins | |||||
| Gross Profit Margin | 57.77% | 59.43% | 59.57% | 58.00% | 58.49% |
| EBIT Margin | 25.45% | 28.55% | 28.25% | 29.83% | 30.55% |
| EBITDA Margin | 31.97% | 35.03% | 33.86% | 34.22% | 35.28% |
| Operating Profit Margin | 28.22% | 27.93% | 27.66% | 29.39% | 29.50% |
| Pretax Profit Margin | 23.85% | 25.52% | 24.90% | 28.19% | 28.94% |
| Net Profit Margin | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% |
| Continuous Operations Profit Margin | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% |
| Net Income Per EBT | 85.13% | 84.50% | 87.23% | 84.47% | 85.94% |
| EBT Per EBIT | 84.51% | 91.35% | 90.04% | 95.93% | 98.11% |
| Return on Assets (ROA) | 12.66% | 14.01% | 13.88% | 21.57% | 22.39% |
| Return on Equity (ROE) | 25.09% | 34.88% | 55.83% | 140.29% | 188.50% |
| Return on Capital Employed (ROCE) | 23.28% | 21.95% | 21.31% | 35.00% | 34.03% |
| Return on Invested Capital (ROIC) | 17.57% | 18.43% | 18.22% | 28.68% | 28.91% |
| Return on Tangible Assets | 20.22% | 23.71% | 23.86% | 26.98% | 28.69% |
| Earnings Yield | 2.84% | 2.90% | 3.30% | 3.44% | 3.02% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.82 | 4.03 | 4.21 | 4.11 | 4.55 |
| Payables Turnover | 12.88 | 12.01 | 14.11 | 13.38 | 11.95 |
| Inventory Turnover | 2.34 | 2.51 | 2.32 | 2.74 | 3.25 |
| Fixed Asset Turnover | 4.38 | 4.08 | 4.09 | 4.44 | 4.40 |
| Asset Turnover | 0.62 | 0.65 | 0.64 | 0.91 | 0.90 |
| Working Capital Turnover Ratio | 3.54 | 3.21 | 3.05 | 3.09 | 3.61 |
| Cash Conversion Cycle | 223.54 | 205.23 | 218.47 | 194.76 | 162.10 |
| Days of Sales Outstanding | 95.58 | 90.48 | 86.69 | 88.78 | 80.27 |
| Days of Inventory Outstanding | 156.30 | 145.14 | 157.65 | 133.26 | 112.38 |
| Days of Payables Outstanding | 28.34 | 30.39 | 25.87 | 27.28 | 30.55 |
| Operating Cycle | 251.88 | 235.62 | 244.34 | 222.04 | 192.65 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 10.97 | 12.84 | 10.20 | 10.20 | 12.14 |
| Free Cash Flow Per Share | 9.07 | 10.44 | 7.48 | 7.14 | 9.40 |
| Dividend Paid and CapEx Coverage Ratio | 5.79 | 5.35 | 3.75 | 3.33 | 4.44 |
| Capital Expenditure Coverage Ratio | 5.79 | 5.35 | 3.75 | 3.33 | 4.44 |
| Operating Cash Flow Coverage Ratio | 0.44 | 0.45 | 0.25 | 0.37 | 0.47 |
| Operating Cash Flow to Sales Ratio | 0.21 | 0.26 | 0.20 | 0.21 | 0.27 |
| Free Cash Flow Yield | 2.39% | 2.82% | 2.27% | 2.08% | 2.52% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 35.17 | 34.51 | 30.28 | 29.03 | 33.11 |
| Price-to-Sales (P/S) Ratio | 7.14 | 7.44 | 6.58 | 6.91 | 8.24 |
| Price-to-Book (P/B) Ratio | 8.83 | 12.04 | 16.91 | 40.73 | 62.42 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 41.87 | 35.52 | 43.99 | 47.99 | 39.62 |
| Price-to-Operating Cash Flow Ratio | 34.64 | 28.88 | 32.26 | 33.60 | 30.70 |
| Price-to-Earnings Growth (PEG) Ratio | 75.61 | -31.26 | -3.84 | 5.94 | 0.98 |
| Enterprise Value Multiple | 23.23 | 22.57 | 21.48 | 21.37 | 24.46 |
| Enterprise Value | 23.51B | 23.39B | 21.50B | 21.73B | 24.04B |
| EV to EBITDA | 23.23 | 22.57 | 21.48 | 21.37 | 24.46 |
| EV to Sales | 7.43 | 7.91 | 7.27 | 7.31 | 8.63 |
| EV to Free Cash Flow | 43.55 | 37.75 | 48.62 | 50.75 | 41.52 |
| EV to Operating Cash Flow | 36.02 | 30.69 | 35.66 | 35.53 | 32.17 |
| Tangible Book Value Per Share | 11.14 | -0.59 | -13.28 | -2.55 | -5.08 |
| Shareholders’ Equity Per Share | 43.04 | 30.82 | 19.47 | 8.41 | 5.97 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.16 | 0.13 | 0.16 | 0.14 |
| Revenue Per Share | 53.19 | 49.86 | 50.04 | 49.54 | 45.24 |
| Net Income Per Share | 10.80 | 10.75 | 10.87 | 11.80 | 11.25 |
| Tax Burden | 0.85 | 0.84 | 0.87 | 0.84 | 0.86 |
| Interest Burden | 0.94 | 0.89 | 0.88 | 0.94 | 0.95 |
| Research & Development to Revenue | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| SG&A to Revenue | 0.23 | 0.23 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.02 | 1.19 | 0.94 | 0.86 | 1.08 |
Currency in USD
