Waters Corporation (WAT) — Tangible Net Worth Ratio
Waters Corporation (WAT) has a Tangible Net Worth Ratio of 42.6% as of March 2026. This metric is calculated by deducting intangible assets ($8.78 Billion) from net assets ($15.29 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See WAT net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Waters Corporation Tangible Net Worth Ratio (1995–2025)
This chart shows how Waters Corporation's Tangible Net Worth Ratio has changed across 30 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 42.6%, reflecting net assets of $15.29 Billion with intangible assets of $8.78 Billion USD. Also explore Waters Corporation annual equity growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Waters Corporation (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Waters Corporation from 1995 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Waters Corporation market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 78.2% | $2.56 Billion | $558.18 Million | $5.08 Billion | ▲ +9.3 pp |
| 2024 | 68.9% | $1.83 Billion | $567.91 Million | $4.55 Billion | ▲ +23.6 pp |
| 2023 | 45.3% | $1.15 Billion | $629.19 Million | $4.63 Billion | ▼ -9.6 pp |
| 2022 | 54.9% | $504.49 Million | $227.40 Million | $3.28 Billion | ▲ +20.9 pp |
| 2021 | 34.1% | $367.55 Million | $242.40 Million | $3.09 Billion | ▲ +45.5 pp |
| 2020 | -11.4% | $232.14 Million | $258.64 Million | $2.84 Billion | ▼ -95.7 pp |
| 2018 | 84.2% | $1.57 Billion | $246.90 Million | $3.73 Billion | ▼ -5.5 pp |
| 2017 | 89.8% | $2.23 Billion | $228.40 Million | $5.34 Billion | ▼ -1.2 pp |
| 2016 | 91.0% | $2.30 Billion | $207.06 Million | $4.66 Billion | ▲ +1.6 pp |
| 2015 | 89.4% | $2.06 Billion | $218.02 Million | $4.26 Billion | ▲ +1.7 pp |
| 2014 | 87.7% | $1.89 Billion | $232.37 Million | $3.88 Billion | ▲ +1.3 pp |
| 2013 | 86.4% | $1.76 Billion | $239.11 Million | $3.58 Billion | ▲ +1.4 pp |
| 2012 | 85.0% | $1.47 Billion | $220.15 Million | $3.17 Billion | ▲ +0.6 pp |
| 2011 | 84.3% | $1.23 Billion | $191.99 Million | $2.72 Billion | ▲ +1.3 pp |
| 2010 | 83.0% | $1.07 Billion | $181.32 Million | $2.33 Billion | ▲ +4.5 pp |
| 2009 | 78.5% | $848.95 Million | $182.16 Million | $1.91 Billion | ▲ +1.2 pp |
| 2008 | 77.4% | $661.00 Million | $149.65 Million | $1.62 Billion | ▲ +1.5 pp |
| 2007 | 75.8% | $586.08 Million | $141.76 Million | $1.88 Billion | ▲ +12.1 pp |
| 2006 | 63.7% | $362.38 Million | $131.65 Million | $1.62 Billion | ▼ -6.6 pp |
| 2005 | 70.3% | $283.63 Million | $84.36 Million | $1.43 Billion | ▼ -17.2 pp |
| 2004 | 87.4% | $678.69 Million | $85.25 Million | $1.46 Billion | ▲ +33.1 pp |
| 2003 | 54.3% | $590.48 Million | $269.58 Million | $1.13 Billion | ▼ -11.4 pp |
| 2002 | 65.7% | $665.31 Million | $227.94 Million | $1.01 Billion | ▼ -6.2 pp |
| 2001 | 71.9% | $581.75 Million | $163.48 Million | $886.91 Million | ▲ +8.5 pp |
| 2000 | 63.4% | $451.78 Million | $165.46 Million | $692.35 Million | ▲ +21.8 pp |
| 1999 | 41.6% | $292.20 Million | $170.70 Million | $584.40 Million | ▲ +53.1 pp |
| 1998 | -11.5% | $159.20 Million | $177.50 Million | $577.70 Million | ▲ +144.5 pp |
| 1997 | -156.0% | $70.40 Million | $180.20 Million | $552.10 Million | ▼ -85.8 pp |
| 1996 | -70.2% | $65.00 Million | $110.60 Million | $365.50 Million | ▼ -57.4 pp |
| 1995 | -12.8% | $64.30 Million | $72.50 Million | $299.80 Million | — |