GE HealthCare Technologies Inc. (GEHC) vs Waters Corporation (WAT)
GEHC leads on 8 of 15 compared metrics.
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 July 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
GEHC
GE HealthCare Technologies Inc.
$60.58HealthcareAt close: Jul 24, 2026, 4:00 PM ET
WAT
Waters Corporation
$374.68HealthcareAt close: Jul 24, 2026, 4:00 PM ET
Total return — GEHC vs WAT
growth of $100 · dividends reinvested · last 4yGEHC +1.6%WAT +11.0%WAT compounded faster
GEHC WAT
GEHC vs WAT: by the numbers
- •GEHC is the larger company ($27.56B vs $24.42B market cap).
- •GEHC trades at the lower earnings multiple (18.53 vs 47.61 P/E).
- •WAT converts more revenue to profit (11.91% vs 7.54% net margin).
- •WAT grew revenue faster over the past five years (8.48% vs 3.74% CAGR).
- •GEHC pays a dividend (0.23% yield) while WAT does not currently pay one.
Which is better, GEHC or WAT?
Metric tally: GEHC 8 · WAT 7It depends on what you're optimizing for:
ValueGEHC(lower P/E)
GrowthWAT(faster 5Y revenue CAGR)
QualityWAT(higher ROIC)
Metrics side by side
Valuation
| Metric | GEHC | WAT |
|---|---|---|
| P/E ratio | 18.53● | 47.61 |
| Forward P/E | 12.41● | 25.80 |
| P/S ratio | 1.39● | 8.16 |
| P/B ratio | 2.60 | 2.01● |
| PEG ratio | 4.14● | 75.61 |
| EV / EBITDA | 10.33● | 37.66 |
| FCF yield | 5.49%● | 0.86% |
Profitability
| Metric | GEHC | WAT |
|---|---|---|
| Gross margin | 42.55% | 55.02%● |
| Operating margin | 12.46% | 28.22%● |
| Net margin | 7.54% | 11.91%● |
| ROE | 14.11%● | 2.94% |
| ROIC | 8.84% | 17.57%● |
Dividends
| Metric | GEHC | WAT |
|---|---|---|
| Dividend yield | 0.23% | — |
| Payout ratio | 3.07% | — |
Growth (annualized)
| Metric | GEHC | WAT |
|---|---|---|
| Revenue CAGR (5Y) | 3.74% | 8.48%● |
| EPS CAGR (5Y) | 0.67% | 5.16%● |
| FCF CAGR (5Y) | 1.07%● | -17.63% |
| Total return CAGR (5Y) | — | -0.53% |
Frequently asked
- Which is better, GEHC or WAT?
- It depends on your goal. value: GEHC (lower P/E); growth: WAT (faster 5Y revenue CAGR); quality: WAT (higher ROIC). Across all compared metrics, GEHC leads 8 to 7.
- Is GEHC or WAT cheaper?
- On trailing earnings, GEHC is cheaper: GEHC trades at a 18.53 P/E and WAT at 47.61.
- 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 8.48%.
- Does GEHC or WAT pay a bigger dividend?
- GEHC pays a dividend (0.23% yield) while WAT does not currently pay one.
- Is GEHC or WAT more profitable?
- WAT runs the higher net margin — GEHC at 7.54% versus WAT at 11.91%.
Go deeper
Dig into the metrics
GE HealthCare Technologies P/E ratioWaters P/E ratioGE HealthCare Technologies dividend yieldWaters dividend yieldGE HealthCare Technologies ROEWaters ROEGE HealthCare Technologies operating marginWaters operating marginGE HealthCare Technologies revenue growthWaters revenue growthGE HealthCare Technologies free cash flowWaters free cash flow
GE HealthCare Technologies & Waters appear in these rankings
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 July 25, 2026.