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Stock Comparison

WAT vs BRKR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
WAT
Waters Corporation

Medical - Diagnostics & Research

HealthcareNYSE • US
Market Cap$22.78B
5Y Perf.+74.9%
BRKR
Bruker Corporation

Medical - Devices

HealthcareNASDAQ • US
Market Cap$6.44B
5Y Perf.-2.3%

WAT vs BRKR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
WAT logoWAT
BRKR logoBRKR
IndustryMedical - Diagnostics & ResearchMedical - Devices
Market Cap$22.78B$6.44B
Revenue (TTM)$3.77B$3.46B
Net Income (TTM)$449M$-26M
Gross Margin55.0%45.3%
Operating Margin17.1%4.9%
Forward P/E24.3x20.0x
Total Debt$1.41B$2.04B
Cash & Equiv.$588M$299M

WAT vs BRKRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

WAT
BRKR
StockMay 20May 26Return
Waters Corporation (WAT)100174.9+74.9%
Bruker Corporation (BRKR)10097.7-2.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: WAT vs BRKR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: WAT leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Bruker Corporation is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
WAT
Waters Corporation
The Income Pick

WAT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 1.07
  • Rev growth 7.0%, EPS growth 0.5%, 3Y rev CAGR 2.1%
  • 163.2% 10Y total return vs BRKR's 59.6%
Best for: income & stability and growth exposure
BRKR
Bruker Corporation
The Value Play

BRKR is the clearest fit if your priority is value and dividends.

  • Lower P/E (20.0x vs 24.3x)
  • 0.4% yield; the other pay no meaningful dividend
  • +7.7% vs WAT's +3.1%
Best for: value and dividends
See the full category breakdown
CategoryWinnerWhy
GrowthWAT logoWAT7.0% revenue growth vs BRKR's 2.1%
ValueBRKR logoBRKRLower P/E (20.0x vs 24.3x)
Quality / MarginsWAT logoWAT11.9% margin vs BRKR's -0.8%
Stability / SafetyWAT logoWATBeta 1.07 vs BRKR's 1.59, lower leverage
DividendsBRKR logoBRKR0.4% yield; the other pay no meaningful dividend
Momentum (1Y)BRKR logoBRKR+7.7% vs WAT's +3.1%
Efficiency (ROA)WAT logoWAT4.6% ROA vs BRKR's -0.4%, ROIC 20.3% vs 4.4%

WAT vs BRKR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

WATWaters Corporation
FY 2025
Waters Instrument Systems
34.8%$1.1B
Waters Service
34.1%$1.1B
Chemistry Consumables
19.9%$631M
Ta Instrument Systems
7.7%$244M
Ta Service
3.4%$108M
BRKRBruker Corporation
FY 2025
Product
80.5%$2.8B
Product and Service, Other
19.5%$670M

WAT vs BRKR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLWATLAGGINGBRKR

Income & Cash Flow (Last 12 Months)

WAT leads this category, winning 5 of 6 comparable metrics.

WAT and BRKR operate at a comparable scale, with $3.8B and $3.5B in trailing revenue. WAT is the more profitable business, keeping 11.9% of every revenue dollar as net income compared to BRKR's -0.8%. On growth, WAT holds the edge at +91.5% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
RevenueTrailing 12 months$3.8B$3.5B
EBITDAEarnings before interest/tax$953M$339M
Net IncomeAfter-tax profit$449M-$26M
Free Cash FlowCash after capex$264M$51M
Gross MarginGross profit ÷ Revenue+55.0%+45.3%
Operating MarginEBIT ÷ Revenue+17.1%+4.9%
Net MarginNet income ÷ Revenue+11.9%-0.8%
FCF MarginFCF ÷ Revenue+7.0%+1.5%
Rev. Growth (YoY)Latest quarter vs prior year+91.5%+2.7%
EPS Growth (YoY)Latest quarter vs prior year-142.9%-81.8%
WAT leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

BRKR leads this category, winning 5 of 6 comparable metrics.

On an enterprise value basis, BRKR's 17.9x EV/EBITDA is more attractive than WAT's 21.5x.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
Market CapShares × price$22.8B$6.4B
Enterprise ValueMkt cap + debt − cash$23.6B$8.2B
Trailing P/EPrice ÷ TTM EPS32.48x-282.00x
Forward P/EPrice ÷ next-FY EPS est.24.30x20.01x
PEG RatioP/E ÷ EPS growth rate6.27x
EV / EBITDAEnterprise value multiple21.47x17.93x
Price / SalesMarket cap ÷ Revenue7.20x1.87x
Price / BookPrice ÷ Book value/share8.15x2.56x
Price / FCFMarket cap ÷ FCF42.21x148.71x
BRKR leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

WAT leads this category, winning 8 of 8 comparable metrics.

WAT delivers a 8.0% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-1 for BRKR. WAT carries lower financial leverage with a 0.55x debt-to-equity ratio, signaling a more conservative balance sheet compared to BRKR's 0.81x.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
ROE (TTM)Return on equity+8.0%-1.1%
ROA (TTM)Return on assets+4.6%-0.4%
ROICReturn on invested capital+20.3%+4.4%
ROCEReturn on capital employed+18.5%+5.0%
Piotroski ScoreFundamental quality 0–944
Debt / EquityFinancial leverage0.55x0.81x
Net DebtTotal debt minus cash$820M$1.7B
Cash & Equiv.Liquid assets$588M$299M
Total DebtShort + long-term debt$1.4B$2.0B
Interest CoverageEBIT ÷ Interest expense6.72x0.75x
WAT leads this category, winning 8 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

WAT leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in WAT five years ago would be worth $11,311 today (with dividends reinvested), compared to $6,345 for BRKR. Over the past 12 months, BRKR leads with a +7.7% total return vs WAT's +3.1%. The 3-year compound annual growth rate (CAGR) favors WAT at 5.6% vs BRKR's -17.8% — a key indicator of consistent wealth creation.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
YTD ReturnYear-to-date-8.5%-12.0%
1-Year ReturnPast 12 months+3.1%+7.7%
3-Year ReturnCumulative with dividends+17.9%-44.4%
5-Year ReturnCumulative with dividends+13.1%-36.6%
10-Year ReturnCumulative with dividends+163.2%+59.6%
CAGR (3Y)Annualised 3-year return+5.6%-17.8%
WAT leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

WAT leads this category, winning 2 of 2 comparable metrics.

WAT is the less volatile stock with a 1.07 beta — it tends to amplify market swings less than BRKR's 1.59 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WAT currently trades 84.4% from its 52-week high vs BRKR's 75.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
Beta (5Y)Sensitivity to S&P 5001.07x1.59x
52-Week HighHighest price in past year$414.15$56.22
52-Week LowLowest price in past year$275.05$28.53
% of 52W HighCurrent price vs 52-week peak+84.4%+75.2%
RSI (14)Momentum oscillator 0–10062.752.6
Avg Volume (50D)Average daily shares traded989K1.9M
WAT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

WAT leads this category, winning 1 of 1 comparable metric.

Wall Street rates WAT as "Hold" and BRKR as "Buy". Consensus price targets imply 23.2% upside for BRKR (target: $52) vs 15.2% for WAT (target: $403). BRKR is the only dividend payer here at 0.36% yield — a key consideration for income-focused portfolios.

MetricWAT logoWATWaters CorporationBRKR logoBRKRBruker Corporation
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$402.57$52.13
# AnalystsCovering analysts3432
Dividend YieldAnnual dividend ÷ price+0.4%
Dividend StreakConsecutive years of raises10
Dividend / ShareAnnual DPS$0.15
Buyback YieldShare repurchases ÷ mkt cap+0.1%+0.2%
WAT leads this category, winning 1 of 1 comparable metric.
Key Takeaway

WAT leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BRKR leads in 1 (Valuation Metrics).

Best OverallWaters Corporation (WAT)Leads 5 of 6 categories
Loading custom metrics...

WAT vs BRKR: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is WAT or BRKR a better buy right now?

For growth investors, Waters Corporation (WAT) is the stronger pick with 7.

0% revenue growth year-over-year, versus 2. 1% for Bruker Corporation (BRKR). Waters Corporation (WAT) offers the better valuation at 32. 5x trailing P/E (24. 3x forward), making it the more compelling value choice. Analysts rate Bruker Corporation (BRKR) a "Buy" — based on 32 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — WAT or BRKR?

On forward P/E, Bruker Corporation is actually cheaper at 20.

0x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — WAT or BRKR?

Over the past 5 years, Waters Corporation (WAT) delivered a total return of +13.

1%, compared to -36. 6% for Bruker Corporation (BRKR). Over 10 years, the gap is even starker: WAT returned +163. 2% versus BRKR's +59. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — WAT or BRKR?

By beta (market sensitivity over 5 years), Waters Corporation (WAT) is the lower-risk stock at 1.

07β versus Bruker Corporation's 1. 59β — meaning BRKR is approximately 48% more volatile than WAT relative to the S&P 500. On balance sheet safety, Waters Corporation (WAT) carries a lower debt/equity ratio of 55% versus 81% for Bruker Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — WAT or BRKR?

By revenue growth (latest reported year), Waters Corporation (WAT) is pulling ahead at 7.

0% versus 2. 1% for Bruker Corporation (BRKR). On earnings-per-share growth, the picture is similar: Waters Corporation grew EPS 0. 5% year-over-year, compared to -119. 7% for Bruker Corporation. Over a 3-year CAGR, BRKR leads at 10. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — WAT or BRKR?

Waters Corporation (WAT) is the more profitable company, earning 20.

3% net margin versus -0. 3% for Bruker Corporation — meaning it keeps 20. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WAT leads at 28. 2% versus 6. 9% for BRKR. At the gross margin level — before operating expenses — WAT leads at 57. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is WAT or BRKR more undervalued right now?

On forward earnings alone, Bruker Corporation (BRKR) trades at 20.

0x forward P/E versus 24. 3x for Waters Corporation — 4. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BRKR: 23. 2% to $52. 13.

08

Which pays a better dividend — WAT or BRKR?

In this comparison, BRKR (0.

4% yield) pays a dividend. WAT does not pay a meaningful dividend and should not be held primarily for income.

09

Is WAT or BRKR better for a retirement portfolio?

For long-horizon retirement investors, Waters Corporation (WAT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

07), +163. 2% 10Y return). Bruker Corporation (BRKR) carries a higher beta of 1. 59 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (WAT: +163. 2%, BRKR: +59. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between WAT and BRKR?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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WAT

High-Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 45%
  • Net Margin > 7%
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BRKR

Stable Dividend Mega-Cap

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 27%
  • Dividend Yield > 0.5%
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Revenue Growth>
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