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

LH has the lower trailing P/E: LH trades at 25.77 and WAT at 101.83. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, LH or WAT?

Over the past five years, WAT grew revenue faster — LH at a -2.62% CAGR versus WAT at 11.70%.

Does LH or WAT pay a bigger dividend?

LH pays a dividend (0.94% yield), while WAT is a former payer with no current dividend run rate.

Is LH or WAT more profitable?

LH runs the higher net margin — LH at 6.99% versus WAT at 3.58%.

How have LH and WAT total returns compared?

Over the past 10 years, LH delivered 10.81% and WAT delivered 10.36% annualized total return. Past performance doesn't predict future results.

Labcorp Holdings Inc. (LH) vs Waters Corporation (WAT)

A side-by-side comparison of Labcorp Holdings Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

Labcorp Holdings Inc.

$25.55B

$311.54HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

WAT

Waters Corporation

$30.54B

$408.34HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — LH vs WAT

growth of $100 · dividends reinvested · last 10y

LH +200.7% (+11.6%/yr)WAT +154.2% (+9.8%/yr)LH compounded faster over this window

LH WAT

LH vs WAT: by the numbers

•WAT is the larger company ($30.54B vs $25.55B market cap).
•LH trades at the lower trailing earnings multiple (25.77 vs 101.83 P/E), one valuation lens rather than an overall verdict.
•LH converts more revenue to profit (6.99% vs 3.58% net margin).
•WAT grew revenue faster over the past five years (11.70% vs -2.62% CAGR).
•LH pays a dividend (0.94% yield), while WAT is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	LH	WAT
P/E ratio	25.77	101.83
Forward P/E	16.98	28.02
P/S ratio	1.78	6.58
P/B ratio	2.97	2.01
EV / EBITDA	13.90	37.99
FCF yield	4.52%	1.30%

Profitability

Metric	LH	WAT
Gross margin	27.85%	50.78%
Operating margin	11.27%	28.22%
Net margin	6.99%	3.58%
ROE	11.65%	1.09%
ROIC	8.02%	1.34%

Dividends

Metric	LH	WAT
Dividend yield	0.94%	N/A
Payout ratio	23.82%	N/A

Growth (annualized)

Metric	LH	WAT
Revenue CAGR (5Y)	-2.62%	11.70%
EPS CAGR (5Y)	-8.00%	5.16%
FCF CAGR (5Y)	-16.45%	-9.10%
Total return CAGR (5Y)	4.61%	-0.83%

Frequently asked

Which has the lower trailing P/E, LH or WAT?: LH has the lower trailing P/E: LH trades at 25.77 and WAT at 101.83. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, LH or WAT?: Over the past five years, WAT grew revenue faster — LH at a -2.62% CAGR versus WAT at 11.70%.
Does LH or WAT pay a bigger dividend?: LH pays a dividend (0.94% yield), while WAT is a former payer with no current dividend run rate.
Is LH or WAT more profitable?: LH runs the higher net margin — LH at 6.99% versus WAT at 3.58%.
How have LH and WAT total returns compared?: Over the past 10 years, LH delivered 10.81% and WAT delivered 10.36% annualized total return. Past performance doesn't predict future results.

Go deeper

Full LH analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

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

Labcorp & 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 September 11, 2026.