Waters Corporation (WAT) scored on five pillars from its reported financial statements, and ranked against 212 Healthcare companies.
Waters Corporation (WAT) scores 5.5 out of 10 as of , computed from its reported financial statements. That reads as solid quality. The reading rests on predictability, and growth is what holds it back.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
We cannot judge Waters Corporation yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
Waters Corporation (WAT) has a Lemma Quality Score of 5.5 out of 10 as of October 19, 2026, which reads as solid quality. A solid reading is a respectable business with clear strengths and at least one area that falls short of the best in its field. Five pillars feed it, and every one of them is computed from what the company reported rather than from its share price.
Set against 212 Healthcare companies, Waters Corporation lands at the 66th percentile, in the upper half of the group, short of the top quarter. The median across the group is 4.4, and the top quarter begins at 6.0, so Waters Corporation is above the typical company here.
On profitability, Waters Corporation scores 3.6, a weak reading. Its peers have a median of 2.7 across 210 Healthcare companies, which places it above them, at the 57th percentile. An average profitability reading usually means the company earns a fair return without obvious pricing power, so the other pillars decide more of the story.
Solvency scores 7.0 out of 10, which reads as strong. The median across 150 Healthcare companies is 6.5, so Waters Corporation is above its peers on this pillar and ranks at the 56th percentile. A high solvency score means leverage is modest relative to earnings and cash flow, which gives management room to act in a bad year.
On growth, Waters Corporation scores 3.1, a weak reading. Its peers have a median of 4.9 across 107 Healthcare companies, which places it well below them, at the 31st percentile. Weak growth means revenue and earnings have been flat or shrinking against peers, which can be cyclical or a sign of a market that is maturing.
Efficiency scores 5.7 out of 10, which reads as average. The median across 200 Healthcare companies is 6.0, so Waters Corporation is in line with its peers on this pillar and ranks at the 44th percentile. Middling efficiency is unremarkable on its own, though improvements here tend to show up in free cash flow first.
Predictability scores 8.6 out of 10, which reads as strong. The median across 207 Healthcare companies is 3.4, so Waters Corporation is well above its peers on this pillar and ranks at the 98th percentile. A strong predictability score rewards consistency: revenue and earnings that rarely surprise in either direction.
This is a lopsided profile. Predictability scores 8.6 but growth only 3.1, a gap of 5.5 points, so the overall hides a business that is excellent in one respect and weak in another. A predictability lead means consistency is the business’s strongest trait, which makes its other readings easier to trust. A growth shortfall often comes with size or a maturing market, and is less of a concern if the other pillars are strong.
The pillar with the most room to move the score is growth. If it rose to the median of Healthcare companies, 4.9, Waters Corporation’s overall score would go from 5.5 to about 5.9. All five pillars could be scored, so the overall uses the full set of weights out of 100: profitability 25, solvency 20, growth 20, efficiency 15, predictability 20.
These are the Healthcare companies closest to Waters Corporation in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading Waters Corporation scores 5.5 out of 10, which reads as solid quality. Its strongest pillar is predictability, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.
Waters Corporation ranks at the 66th percentile of the 212 Healthcare companies Lemma publishes a score for. The median there is 4.4 and the top quarter starts at 6.0, against Waters Corporation’s 5.5.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for WAT are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
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