Medical - Devices
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4 / 10Stock Comparison
MASS vs BRKR vs WAT vs A
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Diagnostics & Research
Medical - Diagnostics & Research
MASS vs BRKR vs WAT vs A — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Devices | Medical - Diagnostics & Research | Medical - Diagnostics & Research |
| Market Cap | $309M | $6.72B | $23.15B | $32.73B |
| Revenue (TTM) | $58M | $3.46B | $3.77B | $7.07B |
| Net Income (TTM) | $-36M | $-12M | $449M | $1.29B |
| Gross Margin | 51.5% | 45.3% | 55.0% | 38.8% |
| Operating Margin | -60.4% | 4.9% | 17.1% | 20.6% |
| Forward P/E | 15.1x | 20.8x | 24.5x | 19.4x |
| Total Debt | $17M | $2.04B | $1.41B | $3.35B |
| Cash & Equiv. | $113M | $299M | $588M | $1.79B |
MASS vs BRKR vs WAT vs A — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 20 | May 26 | Return |
|---|---|---|---|
| 908 Devices Inc. (MASS) | 100 | 14.3 | -85.7% |
| Bruker Corporation (BRKR) | 100 | 81.6 | -18.4% |
| Waters Corporation (WAT) | 100 | 143.5 | +43.5% |
| Agilent Technologie… (A) | 100 | 97.6 | -2.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MASS vs BRKR vs WAT vs A
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MASS is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.46, Low D/E 11.6%, current ratio 4.24x
- +41.1% vs WAT's +1.2%
BRKR lags the leaders in this set but could rank higher in a more targeted comparison.
WAT is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 7.0%, EPS growth 0.5%, 3Y rev CAGR 2.1%
- 7.0% revenue growth vs MASS's -5.8%
- Beta 1.11 vs BRKR's 1.66, lower leverage
A carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 10 yrs, beta 1.21, yield 0.9%
- 198.4% 10Y total return vs WAT's 165.6%
- PEG 1.32 vs WAT's 4.74
- Beta 1.21, yield 0.9%, current ratio 1.96x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.0% revenue growth vs MASS's -5.8% | |
| Value | Lower P/E (19.4x vs 24.5x), PEG 1.32 vs 4.74 | |
| Quality / Margins | 18.3% margin vs MASS's -62.4% | |
| Stability / Safety | Beta 1.11 vs BRKR's 1.66, lower leverage | |
| Dividends | 0.9% yield, 10-year raise streak, vs BRKR's 0.3%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +41.1% vs WAT's +1.2% | |
| Efficiency (ROA) | 10.1% ROA vs MASS's -19.0%, ROIC 13.5% vs -47.5% |
MASS vs BRKR vs WAT vs A — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MASS vs BRKR vs WAT vs A — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
A leads in 3 of 6 categories
WAT leads 1 • MASS leads 0 • BRKR leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
A leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
A is the larger business by revenue, generating $7.1B annually — 122.2x MASS's $58M. A is the more profitable business, keeping 18.3% of every revenue dollar as net income compared to MASS's -62.4%. On growth, WAT holds the edge at +91.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $58M | $3.5B | $3.8B | $7.1B |
| EBITDAEarnings before interest/tax | -$31M | $397M | $953M | $1.7B |
| Net IncomeAfter-tax profit | -$36M | -$12M | $449M | $1.3B |
| Free Cash FlowCash after capex | -$8M | $51M | $264M | $993M |
| Gross MarginGross profit ÷ Revenue | +51.5% | +45.3% | +55.0% | +38.8% |
| Operating MarginEBIT ÷ Revenue | -60.4% | +4.9% | +17.1% | +20.6% |
| Net MarginNet income ÷ Revenue | -62.4% | -0.3% | +11.9% | +18.3% |
| FCF MarginFCF ÷ Revenue | -14.6% | +1.5% | +7.0% | +14.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.6% | +2.7% | +91.5% | +7.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -126.0% | -79.2% | -142.9% | -3.6% |
Valuation Metrics
Evenly matched — BRKR and A each lead in 3 of 7 comparable metrics.
Valuation Metrics
At 15.1x trailing earnings, MASS trades at a 54% valuation discount to WAT's 33.0x P/E. Adjusting for growth (PEG ratio), A offers better value at 1.72x vs WAT's 6.38x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $309M | $6.7B | $23.1B | $32.7B |
| Enterprise ValueMkt cap + debt − cash | $213M | $8.5B | $24.0B | $34.3B |
| Trailing P/EPrice ÷ TTM EPS | 15.13x | -294.40x | 33.00x | 25.30x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 20.84x | 24.53x | 19.36x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 6.38x | 1.72x |
| EV / EBITDAEnterprise value multiple | — | 18.55x | 21.80x | 19.41x |
| Price / SalesMarket cap ÷ Revenue | 5.50x | 1.96x | 7.31x | 4.71x |
| Price / BookPrice ÷ Book value/share | 2.21x | 2.67x | 8.28x | 4.87x |
| Price / FCFMarket cap ÷ FCF | — | 155.25x | 42.88x | 28.41x |
Profitability & Efficiency
A leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
A delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-26 for MASS. MASS carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to BRKR's 0.81x. On the Piotroski fundamental quality scale (0–9), A scores 5/9 vs WAT's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -25.6% | -0.5% | +8.0% | +18.7% |
| ROA (TTM)Return on assets | -19.0% | -0.2% | +4.6% | +10.1% |
| ROICReturn on invested capital | -47.5% | +4.4% | +20.3% | +13.5% |
| ROCEReturn on capital employed | -27.2% | +5.0% | +18.5% | +14.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.12x | 0.81x | 0.55x | 0.50x |
| Net DebtTotal debt minus cash | -$96M | $1.7B | $820M | $1.6B |
| Cash & Equiv.Liquid assets | $113M | $299M | $588M | $1.8B |
| Total DebtShort + long-term debt | $17M | $2.0B | $1.4B | $3.4B |
| Interest CoverageEBIT ÷ Interest expense | — | 1.14x | 6.72x | 19.53x |
Total Returns (Dividends Reinvested)
WAT leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WAT five years ago would be worth $11,181 today (with dividends reinvested), compared to $1,732 for MASS. Over the past 12 months, MASS leads with a +41.1% total return vs WAT's +1.2%. The 3-year compound annual growth rate (CAGR) favors WAT at 6.2% vs BRKR's -16.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +60.5% | -8.1% | -7.0% | -15.8% |
| 1-Year ReturnPast 12 months | +41.1% | +9.5% | +1.2% | +7.3% |
| 3-Year ReturnCumulative with dividends | +14.4% | -42.0% | +19.8% | -10.5% |
| 5-Year ReturnCumulative with dividends | -82.7% | -34.1% | +11.8% | -8.9% |
| 10-Year ReturnCumulative with dividends | -83.3% | +68.7% | +165.6% | +198.4% |
| CAGR (3Y)Annualised 3-year return | +4.6% | -16.6% | +6.2% | -3.6% |
Risk & Volatility
Evenly matched — MASS and WAT each lead in 1 of 2 comparable metrics.
Risk & Volatility
WAT is the less volatile stock with a 1.11 beta — it tends to amplify market swings less than BRKR's 1.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MASS currently trades 87.5% from its 52-week high vs A's 72.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.46x | 1.66x | 1.11x | 1.21x |
| 52-Week HighHighest price in past year | $9.34 | $56.22 | $414.15 | $160.27 |
| 52-Week LowLowest price in past year | $4.20 | $28.53 | $275.05 | $106.55 |
| % of 52W HighCurrent price vs 52-week peak | +87.5% | +78.5% | +85.7% | +72.1% |
| RSI (14)Momentum oscillator 0–100 | 69.5 | 67.8 | 65.2 | 54.1 |
| Avg Volume (50D)Average daily shares traded | 276K | 1.9M | 1.0M | 1.9M |
Analyst Outlook
A leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: MASS as "Buy", BRKR as "Buy", WAT as "Hold", A as "Buy". Consensus price targets imply 43.6% upside for A (target: $166) vs 13.4% for WAT (target: $403). For income investors, A offers the higher dividend yield at 0.86% vs BRKR's 0.34%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | — | $51.22 | $402.75 | $166.00 |
| # AnalystsCovering analysts | 5 | 32 | 34 | 38 |
| Dividend YieldAnnual dividend ÷ price | — | +0.3% | — | +0.9% |
| Dividend StreakConsecutive years of raises | — | 0 | 1 | 10 |
| Dividend / ShareAnnual DPS | — | $0.15 | — | $0.99 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% | +0.1% | +1.3% |
A leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). WAT leads in 1 (Total Returns). 2 tied.
MASS vs BRKR vs WAT vs A: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MASS or BRKR or WAT or A a better buy right now?
For growth investors, Waters Corporation (WAT) is the stronger pick with 7.
0% revenue growth year-over-year, versus -5. 8% for 908 Devices Inc. (MASS). 908 Devices Inc. (MASS) offers the better valuation at 15. 1x trailing P/E, making it the more compelling value choice. Analysts rate 908 Devices Inc. (MASS) a "Buy" — based on 5 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.
02Which has the better valuation — MASS or BRKR or WAT or A?
On trailing P/E, 908 Devices Inc.
(MASS) is the cheapest at 15. 1x versus Waters Corporation at 33. 0x. On forward P/E, Agilent Technologies, Inc. is actually cheaper at 19. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Agilent Technologies, Inc. wins at 1. 32x versus Waters Corporation's 4. 74x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — MASS or BRKR or WAT or A?
Over the past 5 years, Waters Corporation (WAT) delivered a total return of +11.
8%, compared to -82. 7% for 908 Devices Inc. (MASS). Over 10 years, the gap is even starker: A returned +198. 4% versus MASS's -83. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MASS or BRKR or WAT or A?
By beta (market sensitivity over 5 years), Waters Corporation (WAT) is the lower-risk stock at 1.
11β versus Bruker Corporation's 1. 66β — meaning BRKR is approximately 49% more volatile than WAT relative to the S&P 500. On balance sheet safety, 908 Devices Inc. (MASS) carries a lower debt/equity ratio of 12% versus 81% for Bruker Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — MASS or BRKR or WAT or A?
By revenue growth (latest reported year), Waters Corporation (WAT) is pulling ahead at 7.
0% versus -5. 8% for 908 Devices Inc. (MASS). On earnings-per-share growth, the picture is similar: 908 Devices Inc. grew EPS 125. 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.
06Which has better profit margins — MASS or BRKR or WAT or A?
908 Devices Inc.
(MASS) is the more profitable company, earning 34. 7% net margin versus -0. 3% for Bruker Corporation — meaning it keeps 34. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WAT leads at 28. 2% versus -70. 1% for MASS. 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.
07Is MASS or BRKR or WAT or A more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Agilent Technologies, Inc. (A) is the more undervalued stock at a PEG of 1. 32x versus Waters Corporation's 4. 74x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Agilent Technologies, Inc. (A) trades at 19. 4x forward P/E versus 24. 5x for Waters Corporation — 5. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for A: 43. 6% to $166. 00.
08Which pays a better dividend — MASS or BRKR or WAT or A?
In this comparison, A (0.
9% yield), BRKR (0. 3% yield) pay a dividend. MASS, WAT do not pay a meaningful dividend and should not be held primarily for income.
09Is MASS or BRKR or WAT or A better for a retirement portfolio?
For long-horizon retirement investors, Agilent Technologies, Inc.
(A) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 21), 0. 9% yield, +198. 4% 10Y return). Bruker Corporation (BRKR) carries a higher beta of 1. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (A: +198. 4%, BRKR: +68. 7%), 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.
10What are the main differences between MASS and BRKR and WAT and A?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MASS is a small-cap deep-value stock; BRKR is a small-cap quality compounder stock; WAT is a mid-cap quality compounder stock; A is a mid-cap quality compounder stock. A pays a dividend while MASS, BRKR, WAT do not, making them suitable for different income and tax situations. 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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