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Waters stock: key metrics
WATWaters had an operating margin of 28.2% and a return on invested capital (ROIC) of 22.8% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 58.1% | 23.4% | 17.4% |
| 2007 | 57.2% | 23.7% | 18.2% |
| 2008 | 58.0% | 24.7% | 20.5% |
| 2009 | 60.3% | 26.3% | 21.6% |
| 2010 | 60.2% | 27.4% | 23.2% |
| 2011 | 60.5% | 28.6% | 23.4% |
| 2012 | 60.0% | 27.7% | 25.0% |
| 2013 | 58.9% | 27.2% | 23.6% |
| 2014 | 58.5% | 26.0% | 21.7% |
| 2015 | 58.7% | 27.8% | 23.0% |
| 2016 | 58.9% | 28.8% | 24.1% |
| 2017 | 59.0% | 28.7% | 0.9% |
| 2018 | 59.0% | 30.6% | 24.5% |
| 2019 | 58.0% | 29.4% | 24.6% |
| 2020 | 57.4% | 27.3% | 22.1% |
| 2021 | 58.5% | 29.5% | 24.9% |
| 2022 | 58.0% | 29.4% | 23.8% |
| 2023 | 59.6% | 27.7% | 21.7% |
| 2024 | 59.4% | 27.9% | 21.6% |
| 2025 | 57.8% | 28.2% | 20.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 61.3% | 33.7% | 13.7% |
| 2007 | 45.7% | 37.9% | 14.3% |
| 2008 | 48.8% | 43.7% | 19.9% |
| 2009 | 38.1% | 40.8% | 16.9% |
| 2010 | 35.7% | 45.1% | 16.4% |
| 2011 | 35.3% | 49.3% | 15.9% |
| 2012 | 31.4% | 47.4% | 14.6% |
| 2013 | 25.5% | 39.8% | 12.6% |
| 2014 | 22.8% | 35.2% | 11.1% |
| 2015 | 22.8% | 37.4% | 11.0% |
| 2016 | 22.7% | 41.1% | 11.2% |
| 2017 | 0.9% | 30.7% | 0.4% |
| 2018 | 37.9% | 70.8% | 15.9% |
| 2019 | −100.0% | 56.2% | 23.2% |
| 2020 | 200.0% | 44.7% | 18.4% |
| 2021 | 188.5% | 53.5% | 22.4% |
| 2022 | 140.3% | 47.8% | 21.6% |
| 2023 | 55.8% | 29.2% | 13.9% |
| 2024 | 34.9% | 21.8% | 14.0% |
| 2025 | 25.1% | 22.8% | 12.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 15 May 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.