Which has grown faster, VTRS or WAT?

Over the past five years, WAT grew revenue faster — VTRS at a 1.14% CAGR versus WAT at 8.48%.

Does VTRS or WAT pay a bigger dividend?

VTRS pays a dividend (2.78% yield) while WAT does not currently pay one.

Is VTRS or WAT more profitable?

WAT runs the higher net margin — VTRS at -2.04% versus WAT at 11.91%.

Which has been the better investment, VTRS or WAT?

Over the past 10-year, WAT delivered the higher annualized total return — VTRS at -7.74% versus WAT at 9.09%. Past performance doesn't predict future results.

Viatris Inc. (VTRS) vs Waters Corporation (WAT)

VTRS and WAT are evenly matched — 7 metrics each of 14.

A side-by-side comparison of Viatris Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

VTRS

Viatris Inc.

$19.79B

$16.99HealthcareDelayed quote: Jul 20, 2026, 4:00 PM EDT

WAT

Waters Corporation

$23.31B

$357.54HealthcareDelayed quote: Jul 20, 2026, 4:00 PM EDT

Total return — VTRS vs WAT

growth of $100 · dividends reinvested · last 30y

VTRS +255.9%WAT +5040.3%WAT compounded faster

Log scale — wide-divergence pair

VTRS WAT

VTRS vs WAT: by the numbers

•WAT is the larger company ($23.31B vs $19.79B market cap).
•WAT is profitable (11.91% net margin) while VTRS runs a net loss (-2.04%).
•WAT grew revenue faster over the past five years (8.48% vs 1.14% CAGR).
•VTRS pays a dividend (2.78% yield) while WAT does not currently pay one.

Which is better, VTRS or WAT?

Metric tally: VTRS 7 · WAT 7

It depends on what you're optimizing for:

GrowthWAT(faster 5Y revenue CAGR)

QualityWAT(higher ROIC)

Metrics side by side

Valuation

Metric	VTRS	WAT
P/E ratio	—	46.88
Forward P/E	7.05●	25.41
P/S ratio	1.40●	8.04
P/B ratio	1.39●	1.98
PEG ratio	—	75.61
EV / EBITDA	11.14●	37.17
FCF yield	8.41%●	0.87%

Profitability

Metric	VTRS	WAT
Gross margin	34.40%	55.02%●
Operating margin	-18.62%	28.22%●
Net margin	-2.04%	11.91%●
ROE	-2.02%	2.94%●
ROIC	-7.95%	17.57%●

Dividends

Metric	VTRS	WAT
Dividend yield	2.78%	—

Growth (annualized)

Metric	VTRS	WAT
Revenue CAGR (5Y)	1.14%	8.48%●
EPS CAGR (5Y)	-41.91%	5.16%●
FCF CAGR (5Y)	2.28%●	-17.63%
Total return CAGR (5Y)	8.57%●	-0.70%

Frequently asked

Which is better, VTRS or WAT?: It depends on your goal. growth: WAT (faster 5Y revenue CAGR); quality: WAT (higher ROIC). Across all compared metrics, they are evenly matched.
Which has grown faster, VTRS or WAT?: Over the past five years, WAT grew revenue faster — VTRS at a 1.14% CAGR versus WAT at 8.48%.
Does VTRS or WAT pay a bigger dividend?: VTRS pays a dividend (2.78% yield) while WAT does not currently pay one.
Is VTRS or WAT more profitable?: WAT runs the higher net margin — VTRS at -2.04% versus WAT at 11.91%.
Which has been the better investment, VTRS or WAT?: Over the past 10-year, WAT delivered the higher annualized total return — VTRS at -7.74% versus WAT at 9.09%. Past performance doesn't predict future results.

Go deeper

Full VTRS analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

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

Viatris & Waters appear in these rankings

Highest Dividend Yield Stocks 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 July 20, 2026.