Exact Sciences [EXAS] vs Waters [WAT] Detailed Stock Comparison

Exact Sciences Corp

NASDAQ
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Waters Corporation

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Exact Sciences Corp wins in 5 metrics, Waters Corporation wins in 14 metrics, with 0 ties. Waters Corporation appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Exact Sciences Corp Waters Corporation Better
P/E Ratio (TTM) -95.37 28.90 Waters Corporation
Price-to-Book Ratio 8.34 7.24 Waters Corporation
Debt-to-Equity Ratio 105.57 60.28 Waters Corporation
PEG Ratio 55.22 -9.39 Exact Sciences Corp
EV/EBITDA 302.23 28.78 Waters Corporation
Profit Margin (TTM) -6.40% 20.30% Waters Corporation
Operating Margin (TTM) -9.28% 33.76% Waters Corporation
EBITDA Margin (TTM) N/A 33.76% N/A
Return on Equity -8.66% 29.28% Waters Corporation
Return on Assets (TTM) -1.59% 11.52% Waters Corporation
Free Cash Flow (TTM) $356.78M $539.81M Waters Corporation
1-Year Return 140.29% 3.87% Exact Sciences Corp
Price-to-Sales Ratio (TTM) 6.17 9.65 Exact Sciences Corp
Enterprise Value $21.60B $31.49B Waters Corporation
EV/Revenue Ratio 6.65 9.95 Exact Sciences Corp
Gross Profit Margin (TTM) 70.11% 61.08% Exact Sciences Corp
Revenue per Share (TTM) $17 $53 Waters Corporation
Earnings per Share (Diluted) $-1.10 $10.77 Waters Corporation
Beta (Stock Volatility) 1.44 1.20 Waters Corporation
Short % of Float 3.92% 3.38% Waters Corporation

Exact Sciences Corp vs Waters Corporation Stock Performance Analysis

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EXAS
WAT

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Exact Sciences Corp0.00%1.02%1.47%3.27%100.17%3.12%
Waters Corporation0.63%-1.54%8.67%23.36%-7.18%-6.34%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Exact Sciences Corp140.29%54.71%-20.87%1,407.33%1,337.12%3,317.26%
Waters Corporation3.87%32.07%3.74%165.28%286.07%736.74%

Performance & Financial Health Analysis: Exact Sciences Corp vs Waters Corporation

MetricEXASWAT
Market Information
Market Cap i$20.03B$30.55B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i3,743,583809,747
90 Day Avg. Volume i2,715,014944,136
Last Close$104.91$357.76
52 Week Range$38.81 - $104.98$275.05 - $414.15
% from 52W High-0.07%-13.62%
All-Time High$159.54 (Jan 25, 2021)$428.22 (Sep 06, 2021)
% from All-Time High-34.24%-16.45%
Growth Metrics
Quarterly Revenue Growth0.23%0.07%
Quarterly Earnings Growth0.23%-0.03%
Financial Health
Profit Margin (TTM) i-0.06%0.20%
Operating Margin (TTM) i-0.09%0.34%
Return on Equity (TTM) i-0.09%0.29%
Debt to Equity (MRQ) i105.5760.28
Cash & Liquidity
Book Value per Share (MRQ)$12.58$43.01
Cash per Share (MRQ)$5.05$5.99
Operating Cash Flow (TTM) i$491.44M$652.56M
Levered Free Cash Flow (TTM) i$281.87M$427.16M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/A$0.00

Valuation & Enterprise Metrics Analysis: Exact Sciences Corp vs Waters Corporation

MetricEXAS (Apr 07, 2026)WAT (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i-95.3728.90
Forward P/E i55.2219.04
PEG Ratio i55.22-9.39
Price to Sales (TTM) i6.179.65
Price to Book (MRQ) i8.347.24
Market Capitalization
Market Capitalization i$20.03B$30.55B
Enterprise Value i$21.60B$31.49B
Enterprise Value Metrics
Enterprise to Revenue i6.659.95
Enterprise to EBITDA i302.2328.78
Risk & Other Metrics
Beta i1.441.20
Book Value per Share (MRQ) i$12.58$43.01

Financial Statements Comparison: Exact Sciences Corp vs Waters Corporation

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricEXAS (2025)WAT (2025)
Revenue/Sales i3.25B3.17B
Cost of Goods Sold i984.24M1.29B
COGS % of Revenue i30.3%40.7%
Gross Profit i2.26B1.88B
Gross Margin i69.7%59.3%
Research & Development i523.00M195.71M
Operating Income (EBIT) i-199.10M802.59M
Operating Margin i-6.1%25.4%
EBITDA i17.87M1.03B
EBITDA Margin i0.6%32.6%
Pre-Tax Income i-203.89M754.88M
Pre-Tax Income % of Revenue i-6.3%23.8%
Income Tax i4.06M112.25M
Income Tax % of Revenue i0.1%3.5%
Net Income (Profit) i-207.95M642.63M
Profit Margin i-6.4%20.3%

Balance Sheet & Liquidity Metrics

MetricEXAS (2025)WAT (2025)
Cash & Equivalents i956.00M587.83M
Total Current Assets i1.56B2.15B
Total Current Assets % of Revenue i47.9%67.8%
Total Current Liabilities i641.15M1.24B
Total Current Liabilities % of Revenue i19.7%39.2%
Long-Term Debt i2.49B999.99M
Long-Term Debt % of Revenue i76.7%31.6%
Total Shareholders Equity i2.40B2.56B
Retained Earnings i-4.71B10.43B
Retained Earnings % of Revenue i-144.9%329.6%
Property, Plant & Equipment i122.33M824.49M

Cash Flow Statement Comparison

MetricEXAS (2025)WAT (2025)
Operating Cash Flow i273.28M652.56M
Operating Cash Flow % of Revenue i8.4%20.6%
Capital Expenditures i-134.66M-112.75M
Free Cash Flow i356.78M539.81M
FCF Margin i11.0%17.1%
Debt Repayment i-249.17M-290.00M
Common Stock Repurchase iN/A-14.67M

Short Interest & Institutional Ownership Analysis

MetricEXASWAT
Shares Short i7.40M3.32M
Short Ratio i3.232.98
Short % of Float i3.92%3.38%
Shares Outstanding i190.80M59.55M
Float Shares i188.45M97.96M
% Held by Insiders i1.23%0.11%
% Held by Institutions i86.48%63.35%
% Held by Public i12.29%36.54%

Dividend Analysis & Yield Comparison: Exact Sciences Corp vs Waters Corporation

MetricEXASWAT
Last 12-Month Dividend iN/A$0.00
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/A$0.00
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/A$0.00
Ex-Dividend DateN/AN/A