Waters Corporation (WAT) Return on equity 2016–2025
Waters Corporation (WAT) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
25.1%FY2025 · since FY2016: 22.7% → 25.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 25.1% | -9.8 pp |
| FY2024 | 34.9% | -21.0 pp |
| FY2023 | 55.8% | -84.5 pp |
| FY2022 | 140.3% | -48.2 pp |
| FY2021 | 188.5% | -36.2 pp |
| FY2020 | 224.7% | — |
| FY2018 | 37.9% | +37.0 pp |
| FY2017 | 0.9% | -21.7 pp |
| FY2016 | 22.7% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice