Is BIIB or WAT cheaper?

On trailing earnings, BIIB is cheaper: BIIB trades at a 21.42 P/E and WAT at 45.18.

Which has grown faster, BIIB or WAT?

Over the past five years, WAT grew revenue faster — BIIB at a -4.80% CAGR versus WAT at 8.48%.

Is BIIB or WAT more profitable?

BIIB runs the higher net margin — BIIB at 13.92% versus WAT at 11.91%.

Which has been the better investment, BIIB or WAT?

Over the past 10-year, WAT delivered the higher annualized total return — BIIB at -2.05% versus WAT at 9.92%. Past performance doesn't predict future results.

Biogen Inc. (BIIB) vs Waters Corporation (WAT)

BIIB leads on 10 of 15 compared metrics.

A side-by-side comparison of Biogen Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — BIIB vs WAT

growth of $100 · last 30y

BIIB +4725.3%WAT +4956.4%WAT compounded faster

BIIB WAT

BIIB vs WAT: by the numbers

•BIIB is the larger company ($29.53B vs $23.17B market cap).
•BIIB trades at the lower earnings multiple (21.42 vs 45.18 P/E).
•BIIB converts more revenue to profit (13.92% vs 11.91% net margin).
•WAT grew revenue faster over the past five years (8.48% vs -4.80% CAGR).

Which is better, BIIB or WAT?

Metric tally: BIIB 10 · WAT 5

It depends on what you're optimizing for:

ValueBIIB(lower P/E)

GrowthWAT(faster 5Y revenue CAGR)

QualityWAT(higher ROIC)

Valuation

Metric	BIIB	WAT
P/E ratio	21.42●	45.18
Forward P/E	12.23●	21.65
P/S ratio	3.01●	7.74
P/B ratio	1.59●	1.91
PEG ratio	—	75.62
EV / EBITDA	12.16●	37.11
FCF yield	8.83%●	0.90%

Profitability

Metric	BIIB	WAT
Gross margin	69.77%●	55.02%
Operating margin	15.65%	17.08%●
Net margin	13.92%●	11.91%
ROE	7.36%●	2.94%
ROIC	6.62%	17.57%●

Growth (annualized)

Metric	BIIB	WAT
Revenue CAGR (5Y)	-4.80%	8.48%●
EPS CAGR (5Y)	-18.67%	5.16%●
FCF CAGR (5Y)	-3.59%●	-17.63%
Total return CAGR (5Y)	-12.79%	1.10%●

Frequently asked

Which is better, BIIB or WAT?: It depends on your goal. value: BIIB (lower P/E); growth: WAT (faster 5Y revenue CAGR); quality: WAT (higher ROIC). Across all compared metrics, BIIB leads 10 to 5.
Is BIIB or WAT cheaper?: On trailing earnings, BIIB is cheaper: BIIB trades at a 21.42 P/E and WAT at 45.18.
Which has grown faster, BIIB or WAT?: Over the past five years, WAT grew revenue faster — BIIB at a -4.80% CAGR versus WAT at 8.48%.
Is BIIB or WAT more profitable?: BIIB runs the higher net margin — BIIB at 13.92% versus WAT at 11.91%.
Which has been the better investment, BIIB or WAT?: Over the past 10-year, WAT delivered the higher annualized total return — BIIB at -2.05% versus WAT at 9.92%. Past performance doesn't predict future results.

Go deeper

Full BIIB analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

Biogen P/E ratio Waters P/E ratio Biogen dividend yield Waters dividend yield Biogen ROE Waters ROE Biogen operating margin Waters operating margin Biogen revenue growth Waters revenue growth Biogen free cash flow Waters free cash flow

Biogen & Waters appear in these rankings

Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.