Waters Corporation (NYSE: WAT) is one of 82 public companies in the “Advanced Medical Equipment & Technology” industry, but how does it weigh in compared to its competitors? We will compare Waters Corporation to related companies based on the strength of its earnings, dividends, profitability, institutional ownership, risk, analyst recommendations and valuation.

Volatility & Risk

Waters Corporation has a beta of 0.81, indicating that its share price is 19% less volatile than the S&P 500. Comparatively, Waters Corporation’s competitors have a beta of 0.89, indicating that their average share price is 11% less volatile than the S&P 500.

Institutional & Insider Ownership

91.0% of Waters Corporation shares are held by institutional investors. Comparatively, 53.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by institutional investors. 5.1% of Waters Corporation shares are held by insiders. Comparatively, 17.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Waters Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Waters Corporation 24.26% 23.91% 11.89%
Waters Corporation Competitors -327.88% -35.27% -12.41%

Analyst Recommendations

This is a summary of recent ratings and target prices for Waters Corporation and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waters Corporation 2 6 5 0 2.23
Waters Corporation Competitors 249 1806 3233 105 2.59

Waters Corporation presently has a consensus price target of $184.73, suggesting a potential upside of 0.42%. As a group, “Advanced Medical Equipment & Technology” companies have a potential downside of 21.40%. Given Waters Corporation’s higher probable upside, research analysts clearly believe Waters Corporation is more favorable than its competitors.

Valuation & Earnings

This table compares Waters Corporation and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Waters Corporation $2.21 billion $766.04 million 27.79
Waters Corporation Competitors $2.02 billion $430.74 million -69.64

Waters Corporation has higher revenue and earnings than its competitors. Waters Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

Waters Corporation beats its competitors on 8 of the 13 factors compared.

Waters Corporation Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and 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 through its TA product line. It is also a developer and supplier of software-based products that interface with the Company’s instruments, as well as other suppliers’ instruments. Its LC and LC-MS instruments are utilized in a range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a range of compounds.

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