Which has the lower trailing P/E, GEHC or WAT?

GEHC has the lower trailing P/E: GEHC trades at 19.96 and WAT at 102.09. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, GEHC or WAT?

Over the past five years, WAT grew revenue faster — GEHC at a 3.74% CAGR versus WAT at 11.70%.

Does GEHC or WAT pay a bigger dividend?

GEHC pays a dividend (0.20% yield), while WAT is a former payer with no current dividend run rate.

Is GEHC or WAT more profitable?

GEHC runs the higher net margin — GEHC at 7.86% versus WAT at 3.58%.

GE HealthCare Technologies Inc. (GEHC) vs Waters Corporation (WAT)

A side-by-side comparison of GE HealthCare Technologies Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 8, 2026. Differences are shown without an overall score or investment verdict.

GEHC

GE HealthCare Technologies Inc.

$30.16B

$66.78HealthcareDelayed quote: Sep 8, 2026, 4:00 PM EDT

WAT

Waters Corporation

$30.13B

$402.91HealthcareDelayed quote: Sep 8, 2026, 4:00 PM EDT

Total return — GEHC vs WAT

growth of $100 · dividends reinvested · last 4y

GEHC +15.5% (+3.7%/yr)WAT +19.6% (+4.6%/yr)WAT compounded faster over this window

GEHC WAT

GEHC vs WAT: by the numbers

•GEHC is the larger company ($30.16B vs $30.13B market cap).
•GEHC trades at the lower trailing earnings multiple (19.96 vs 102.09 P/E), one valuation lens rather than an overall verdict.
•GEHC converts more revenue to profit (7.86% vs 3.58% net margin).
•WAT grew revenue faster over the past five years (11.70% vs 3.74% CAGR).
•GEHC pays a dividend (0.20% yield), while WAT is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	GEHC	WAT
P/E ratio	19.96	102.09
Forward P/E	13.98	28.09
P/S ratio	1.54	8.66
P/B ratio	2.85	2.65
EV / EBITDA	10.96	48.41
FCF yield	2.86%	0.99%

Profitability

Metric	GEHC	WAT
Gross margin	42.90%	50.78%
Operating margin	12.70%	28.22%
Net margin	7.86%	3.58%
ROE	14.51%	1.09%
ROIC	6.94%	1.34%

Dividends

Metric	GEHC	WAT
Dividend yield	0.20%	N/A
Payout ratio	4.06%	N/A

Growth (annualized)

Metric	GEHC	WAT
Revenue CAGR (5Y)	3.74%	11.70%
EPS CAGR (5Y)	0.67%	5.16%
FCF CAGR (5Y)	1.07%	-9.10%
Total return CAGR (5Y)	N/A	-0.67%

Frequently asked

Which has the lower trailing P/E, GEHC or WAT?: GEHC has the lower trailing P/E: GEHC trades at 19.96 and WAT at 102.09. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GEHC or WAT?: Over the past five years, WAT grew revenue faster — GEHC at a 3.74% CAGR versus WAT at 11.70%.
Does GEHC or WAT pay a bigger dividend?: GEHC pays a dividend (0.20% yield), while WAT is a former payer with no current dividend run rate.
Is GEHC or WAT more profitable?: GEHC runs the higher net margin — GEHC at 7.86% versus WAT at 3.58%.

Go deeper

Full GEHC analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

GE HealthCare Technologies P/E ratio Waters P/E ratio GE HealthCare Technologies dividend yield GE HealthCare Technologies ROE Waters ROE GE HealthCare Technologies operating margin Waters operating margin GE HealthCare Technologies revenue growth Waters revenue growth GE HealthCare Technologies free cash flow Waters free cash flow

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 September 8, 2026.