WAT
Waters Corporation
Health Care · Life Sciences Tools & Services · US
$365.36
Data: 2026-05-15
✓ ETHICAL PASS

NARROW MOAT
HIGH
Data Confidence: 100.0%
Key Metrics

How this company measures up on the fundamentals that matter

Market Cap
$32.6B
Total market value of the company
42.19
Expensive — high growth expected
20.24
Based on estimated future earnings — lower means cheaper
Rev Growth
+91.4%
Year-over-year revenue change
Profit Margin
11.9%
How much profit the company keeps from each dollar of revenue
5.2%
Return on equity — how efficiently it uses shareholder money
Analyst Target
$399.81
+9% from current price — median analyst estimate
Recommendation
BUY
Consensus view from 21 analysts covering this stock
About Waters Corporation

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company operates through two segments, Waters and TA. The company designs, manufactures, sells, and services liquid chromatography, as well as mass spectrometry (MS) technology systems and supports products, including chromatography columns, and other consumable products. It also designs, manufactures, sells, and services 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 goods, and healthcare products, as well as for life science research; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. In addition, the company offers MS technology, which is used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. Its products are used by clinical, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. The company was founded in 1958 and is headquartered in Milford, Massachusetts.

https://www.waters.com

Country: United States Employees: 16,000 Industry: Diagnostics & Research
Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity
PASS
Core business does not involve prohibited activities
Debt Ratio
29.4% PASS
Debt must be below 33% of total assets
Cash Ratio
0.0% PASS
Interest-bearing cash below 33% of assets
Receivables
27.9% PASS
Receivables below 49% of assets
Revenue Purity
0.6% PASS
Non-compliant revenue below 5% — any excess requires purification
Valuation
$491.48
What our model estimates this business is worth per share
25.7%
Trading below fair value — margin of safety exists
Rating
FAIR VALUE
Overall assessment combining ethics, valuation, and quality
93.3th
Ranks in the top 7% of our 13,571 screened universe
Ethical Score
80.4
Valuation Score
62.5
Quality Score
61.0
Combined
66.8

Trading at $332 against a fair value of $491, a 33% discount. Passes all ethical screens. Ranks better than 88% of screened stocks.

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

MARKUP
Price trending up with increasing momentum
0.216
Positive but modest risk-adjusted returns
0.0179
Marginal edge — very small allocation suggested
0.031
Drawdown risk outweighs the returns — higher risk profile
Annual Return
1.0%
Historical annualised return based on price data
-33.5%
Largest peak-to-trough decline — the worst it has been
BEAR
Statistical model detects bearish conditions
Days in State
1
How long the current regime has persisted — longer means more stable
Market Data

Trading characteristics and market positioning

1.14
Moves slightly more than the broader market
52W High
$414.15
12% below the year high
52W Low
$275.05
33% above the year low
Avg Volume
1,135,332
Average daily shares traded — higher means easier to buy and sell
3.8
Days it would take all short sellers to cover — higher means more crowded
Short % Float
3.5%
Low short interest — limited bearish positioning
0.0%
Annual dividend as a percentage of the share price
$7.85
Earnings per share over the last 12 months
Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

0.37
Conservative use of debt — low financial risk
1.79
Healthy liquidity position
Quick Ratio
0.97
Like current ratio but excludes inventory — stricter test
Gross Margin
55.2%
Revenue left after cost of goods — higher means pricing power
Operating Margin
2.8%
Profit from core operations before interest and tax
$-502,370,624
Negative — the business is spending more than it generates
Revenue (TTM)
$3.8B
Total revenue over the last 12 months
Net Income
$450M
Profitable — the bottom line is positive
Analyst Coverage
Analysts
21
Target High
$480.00
Target Median
$399.81
Target Low
$345.00
Recent Insider Activity

SEC Form 4 filings — what company insiders are buying and selling

45
NEUTRAL
Mixed insider activity. 0 purchases and 0 sales in the last 90 days — no clear directional signal. Political selling noted.
Date Insider Title Type Shares Value
2026-03-31 JIANG WEI Director 64
2026-03-31 KNIGHT HEATHER Director 68
2026-03-16 JIANG WEI Director 500 $144,730
2026-03-06 FEARON RICHARD H Director 1,000 $306,340
2026-02-25 ORNSKOV FLEMMING Director 336
2026-02-25 CHAUBAL AMOL Chief Financial Officer 1,455
2026-02-25 BATRA UDIT Chief Executive Officer 5,165
2026-02-25 FRASER CLAIRE Director 358
2026-02-25 VERGNANO MARK P Director 23
2026-02-25 BRENNAN DANIEL J Director 23
Source: SEC Form 4 filings via public data. View all insider activity at
Insider Intelligence
Political Trading Activity

Congressional trading disclosures involving this instrument

Date Politician Party Type Amount
6 Apr2026 Josh Gottheimer Democrat buy 1K–15K
24 Apr2026 Scott Peters Democrat sell 50K–100K
2026-04-13 Ro Khanna Democrat Sale 1K–15K
2026-04-06 Josh Gottheimer Democrat Purchase 1K–15K
Source: Congressional disclosure filings. View all political trades at
Insider Intelligence
Explore the Ethical Screener View Track Record

Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-05-15

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