Waters Corp. (WAT)

Index:

S&P 500

$ 334.71
   
  • Change Today:
    $2.53
  • 52 Week High: $412.54
  • 52 Week Low: $277.72
  • Currency: US Dollars
  • Shares Issued: 59.55m
  • Volume: 403,474
  • Market Cap: $19,932m
  • RiskGrade: 131

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 3,165.29 2,958.39 2,956.42 2,971.96 2,831.60
Operating Profit/(Loss) 802.59 826.35 817.68 873.40 752.30
Profit Before Tax 754.88 754.87 736.24 837.85 748.90
Profit After Tax 642.63 637.83 642.23 707.76 661.80
           
Earnings per Share - Basic 1,080.00¢ 1,075.00¢ 1,087.00¢ 1,180.00¢ 889.00¢
Earnings per Share - Adjusted 1,080.00¢ 1,075.00¢ 1,087.00¢ 1,180.00¢ 889.00¢
           
Dividend per Share n/a n/a n/a n/a 70.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 722.81 725.39 723.66 668.72 1,126.80
Intangible Assets 1,898.26 1,863.63 1,934.63 657.73 132.90
Other Non-Current Assets 307.83 295.67 215.69 191.10 312.10
  2,928.91 2,884.68 2,873.99 1,517.55 1,571.80
Current Assets          
Inventories 572.37 477.26 516.24 455.71 378.40
Cash at Bank & in Hand 587.83 325.36 395.08 480.53 762.60
Other Current Assets 987.44 866.49 841.55 827.66 601.00
  2,147.64 1,669.11 1,752.87 1,763.90 1,742.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 5,076.55 4,553.79 4,626.85 3,281.45 3,313.80
Current Liabilities          
Borrowings 491.09 25.54 77.82 76.43 53.50
Other Current Liabilities 748.41 764.22 711.76 709.31 540.60
           
Current Liabilities 1,239.50 789.76 789.58 785.74 594.10
           
Net Current Assets c908.15 c879.35 c963.29 c978.17 c1,147.90
           
Borrowings 999.99 1,676.81 2,364.44 1,586.99 271.80
Other Non-Current Liabilities 275.82 258.73 322.49 404.24 112.50
Non-Current Liabilities 1,275.81 1,935.53 2,686.93 1,991.23 384.30
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,515.31 2,725.29 3,476.51 2,776.97 978.40
           
Net Assets 2,561.24 1,828.51 1,150.34 504.49 2,335.40
           
Shareholders Funds 2,561.24 1,828.51 1,150.34 504.49 2,335.40
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 2,561.24 1,828.51 1,150.34 504.49 2,335.40
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 652.55 762.12 602.81 611.66 584.00
Net Cash Flow from Investing Activities (152.25) (143.09) (1,442.27) (107.97) (253.10)
Net Cash Flow from Financing Activities (237.83) (688.76) 754.00 (524.40) (183.80)
Net Increase/Decrease In Cash 262.48 (69.72) (85.45) (20.70) 147.10
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 35.2 34.5 30.3 29.0 41.9
PEG - Adjusted n/a n/a n/a 0.9 7.0
Earnings per Share Growth - Adjusted 0% -1% -8% 33% 6%
Dividend Cover n/a n/a n/a n/a 12.70
Revenue per Share 5,315.43¢ 4,967.99¢ 4,964.68¢ 4,990.77¢ 4,755.08¢
Pre-Tax Profit per Share 1,267.66¢ 1,267.64¢ 1,236.37¢ 1,406.99¢ 1,257.62¢
Operating Margin 25.36% 27.93% 27.66% 29.39% 26.57%
Return on Capital Employed 35.04% 45.28% 44.41% 55.48% 29.63%
           
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.2%
Dividend per Share Growth n/a n/a n/a n/a n/a
Operating Cash Flow per Share 1,095.83¢ 1,279.83¢ 1,012.29¢ 1,027.16¢ 980.71¢
Cash Incr/Decr per Share 440.77¢ (117.08¢) (143.50¢) (34.77¢) 247.02¢
Net Asset Value per Share (exc. Intangibles) 1,113.34¢ (58.98¢) (1,317.05¢) (257.33¢) 3,698.64¢
Net Gearing 35.27% 75.31% 177.96% 234.47% -18.72%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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