Waters [WAT] vs Natera [NTRA] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 20 vital metrics comparison: Waters Corporation wins in 14 metrics, Natera Inc. wins in 4 metrics, with 0 ties. Waters Corporation appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Waters Corporation | Natera Inc. | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 28.90 | N/A | N/A |
| Price-to-Book Ratio | 7.24 | 15.75 | Waters Corporation |
| Debt-to-Equity Ratio | 60.28 | 12.52 | Natera Inc. |
| PEG Ratio | -9.39 | -272.56 | Waters Corporation |
| EV/EBITDA | 28.78 | -97.62 | Waters Corporation |
| Profit Margin (TTM) | 20.30% | -9.03% | Waters Corporation |
| Operating Margin (TTM) | 33.76% | -3.42% | Waters Corporation |
| EBITDA Margin (TTM) | 33.76% | N/A | N/A |
| Return on Equity | 29.28% | -14.32% | Waters Corporation |
| Return on Assets (TTM) | 11.52% | -9.54% | Waters Corporation |
| Free Cash Flow (TTM) | $539.81M | $76.11M | Waters Corporation |
| 1-Year Return | 3.87% | 28.26% | Natera Inc. |
| Price-to-Sales Ratio (TTM) | 9.65 | 11.86 | Waters Corporation |
| Enterprise Value | $31.49B | $26.50B | Waters Corporation |
| EV/Revenue Ratio | 9.95 | 11.49 | Waters Corporation |
| Gross Profit Margin (TTM) | 61.08% | 66.93% | Natera Inc. |
| Revenue per Share (TTM) | $53 | $17 | Waters Corporation |
| Earnings per Share (Diluted) | $10.77 | $-1.52 | Waters Corporation |
| Beta (Stock Volatility) | 1.20 | 1.68 | Waters Corporation |
| Short % of Float | 3.38% | 2.43% | Natera Inc. |
Waters Corporation vs Natera Inc. Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Waters Corporation | 0.63% | -1.54% | 8.67% | 23.36% | -7.18% | -6.34% |
| Natera Inc. | 0.51% | -1.50% | 3.85% | 11.43% | -8.57% | -7.33% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Waters Corporation | 3.87% | 32.07% | 3.74% | 165.28% | 286.07% | 736.74% |
| Natera Inc. | 28.26% | 322.03% | 106.13% | 1,750.52% | 1,078.17% | 1,078.17% |
Performance & Financial Health Analysis: Waters Corporation vs Natera Inc.
| Metric | WAT | NTRA |
|---|---|---|
| Market Information | ||
| Market Cap | $30.55B | $27.36B |
| Market Cap Category | Large cap | Large cap |
| 10 Day Avg. Volume | 809,747 | 1,322,470 |
| 90 Day Avg. Volume | 944,136 | 1,333,993 |
| Last Close | $357.76 | $171.86 |
| 52 Week Range | $275.05 - $414.15 | $92.14 - $183.00 |
| % from 52W High | -13.62% | -6.09% |
| All-Time High | $428.22 (Sep 06, 2021) | $183.00 (Jan 13, 2025) |
| % from All-Time High | -16.45% | -6.09% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.07% | 0.40% |
| Quarterly Earnings Growth | -0.03% | N/A |
| Financial Health | ||
| Profit Margin (TTM) | 0.20% | -0.09% |
| Operating Margin (TTM) | 0.34% | -0.03% |
| Return on Equity (TTM) | 0.29% | -0.14% |
| Debt to Equity (MRQ) | 60.28 | 12.52 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $43.01 | $12.26 |
| Cash per Share (MRQ) | $5.99 | $7.59 |
| Operating Cash Flow (TTM) | $652.56M | $215.30M |
| Levered Free Cash Flow (TTM) | $427.16M | $141.02M |
| Dividends | ||
| Last 12-Month Dividend Yield | N/A | N/A |
| Last 12-Month Dividend | $0.00 | N/A |
Valuation & Enterprise Metrics Analysis: Waters Corporation vs Natera Inc.
| Metric | WAT (Apr 24, 2026) | NTRA (Apr 13, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 28.90 | N/A |
| Forward P/E | 19.04 | -272.56 |
| PEG Ratio | -9.39 | -272.56 |
| Price to Sales (TTM) | 9.65 | 11.86 |
| Price to Book (MRQ) | 7.24 | 15.75 |
| Market Capitalization | ||
| Market Capitalization | $30.55B | $27.36B |
| Enterprise Value | $31.49B | $26.50B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 9.95 | 11.49 |
| Enterprise to EBITDA | 28.78 | -97.62 |
| Risk & Other Metrics | ||
| Beta | 1.20 | 1.68 |
| Book Value per Share (MRQ) | $43.01 | $12.26 |
Financial Statements Comparison: Waters Corporation vs Natera Inc.
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | WAT (2025) | NTRA (2025) |
|---|---|---|
| Revenue/Sales | 3.17B | 2.31B |
| Cost of Goods Sold | 1.29B | 812.93M |
| COGS % of Revenue | 40.7% | 35.3% |
| Gross Profit | 1.88B | 1.49B |
| Gross Margin | 59.3% | 64.7% |
| Research & Development | 195.71M | 624.11M |
| Operating Income (EBIT) | 802.59M | -309.91M |
| Operating Margin | 25.4% | -13.4% |
| EBITDA | 1.03B | -220.54M |
| EBITDA Margin | 32.6% | -9.6% |
| Pre-Tax Income | 754.88M | -268.09M |
| Pre-Tax Income % of Revenue | 23.8% | -11.6% |
| Income Tax | 112.25M | -59.93M |
| Income Tax % of Revenue | 3.5% | -2.6% |
| Net Income (Profit) | 642.63M | -208.16M |
| Profit Margin | 20.3% | -9.0% |
Balance Sheet & Liquidity Metrics
| Metric | WAT (2025) | NTRA (2025) |
|---|---|---|
| Cash & Equivalents | 587.83M | 1.08B |
| Total Current Assets | 2.15B | 1.50B |
| Total Current Assets % of Revenue | 67.8% | 64.9% |
| Total Current Liabilities | 1.24B | 441.23M |
| Total Current Liabilities % of Revenue | 39.2% | 19.1% |
| Long-Term Debt | 999.99M | 118.47M |
| Long-Term Debt % of Revenue | 31.6% | 5.1% |
| Total Shareholders Equity | 2.56B | 1.71B |
| Retained Earnings | 10.43B | -2.78B |
| Retained Earnings % of Revenue | 329.6% | -120.4% |
| Property, Plant & Equipment | 824.49M | 108.54M |
Cash Flow Statement Comparison
| Metric | WAT (2025) | NTRA (2025) |
|---|---|---|
| Operating Cash Flow | 652.56M | 135.51M |
| Operating Cash Flow % of Revenue | 20.6% | 5.9% |
| Capital Expenditures | -112.75M | -106.19M |
| Free Cash Flow | 539.81M | 76.11M |
| FCF Margin | 17.1% | 3.3% |
| Debt Repayment | -290.00M | 0 |
| Common Stock Repurchase | -14.67M | N/A |
Short Interest & Institutional Ownership Analysis
| Metric | WAT | NTRA |
|---|---|---|
| Shares Short | 3.32M | 3.31M |
| Short Ratio | 2.98 | 2.76 |
| Short % of Float | 3.38% | 2.43% |
| Shares Outstanding | 59.55M | 139.69M |
| Float Shares | 97.96M | 137.44M |
| % Held by Insiders | 0.11% | 3.07% |
| % Held by Institutions | 63.35% | 94.58% |
| % Held by Public | 36.54% | 2.35% |
Dividend Analysis & Yield Comparison: Waters Corporation vs Natera Inc.
| Metric | WAT | NTRA |
|---|---|---|
| Last 12-Month Dividend | $0.00 | N/A |
| Last 12-Month Dividend Yield | N/A | N/A |
| 3-Year Avg Annual Dividend | $0.00 | N/A |
| 3-Year Avg Dividend Yield | N/A | N/A |
| 3-Year Total Dividends | $0.00 | N/A |
| Ex-Dividend Date | N/A | N/A |