Waters Corp

Chart & Performance

D1W1MN

P/E

26.95

P/S

5.81

EPS

10.72

Div Yield, %

—

Shrs. gr., 5y

-2.67%

Rev. gr., 5y

4.22%

Revenues

2.96b

+0.07%

Net income

638m

-0.69%

CFO

762m

+26.43%

Dividend

Nov 26, 19960.16 USD/sh

Profile

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.

URL

https://www.waters.com/

IPO date

Nov 17, 1995

Employees

8,200

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	2,958,387 0.07%	2,956,416 -0.52%	2,971,956 6.68%
Cost of revenue	930,947	2,067,512	2,082,398
Unusual Expense (Income)
NOPBT	2,027,440	888,904	889,558
NOPBT Margin	68.53%	30.07%	29.93%
Operating Taxes	117,034	94,009	130,091
Tax Rate	5.77%	10.58%	14.62%
NOPAT	1,910,406	794,895	759,467
Net income	637,834 -0.69%	642,234 -9.26%	707,755 2.15%
Dividends
Dividend yield
Proceeds from repurchase of equity	(13,541)	(70,277)	(583,260)
BB yield	0.06%	0.36%	2.82%
Debt
Debt current	25,537	105,650	76,429
Long-term debt	1,752,659	2,451,190	1,663,415
Deferred revenue			57,000
Other long-term liabilities	258,725	322,494	1,202,087
Net debt	1,452,841	2,156,031	1,239,290
Cash flow
Cash from operating activities	762,123	602,809	611,661
CAPEX	(142,481)	(160,632)	(183,456)
Cash from investing activities	(144,023)	(1,442,265)	(107,967)
Cash from financing activities	(696,675)	754,951	(509,633)
FCF	1,963,704	433,432	559,014
Balance
Cash	325,355	395,974	481,391
Long term investments		4,835	19,163
Excess cash	177,436	252,988	351,956
Stockholders' equity	9,635,002	9,018,328	8,368,639
Invested Capital	3,612,138	3,689,936	2,144,644
ROIC	52.33%	27.25%	36.67%
ROCE	53.50%	22.54%	36.46%
EV
Common stock shares outstanding	59,552	59,270	60,331
Price	370.98 12.68%	329.23 -3.90%	342.58 -8.06%
Market cap	22,092,601 13.22%	19,513,462 -5.59%	20,668,194 -10.57%
EV	23,545,442	21,669,493	21,907,484
EBITDA	2,219,265	1,054,809	1,019,981
EV/EBITDA	10.61	20.54	21.48
Interest	89,677	98,861	37,777
Interest/NOPBT	4.42%	11.12%	4.25%