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

ZTS has the lower trailing P/E: WAT trades at 101.46 and ZTS at 12.73. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, WAT or ZTS?

Over the past five years, WAT grew revenue faster — WAT at a 11.70% CAGR versus ZTS at 5.13%.

Does WAT or ZTS pay a bigger dividend?

ZTS pays a dividend (2.67% yield), while WAT is a former payer with no current dividend run rate.

Is WAT or ZTS more profitable?

ZTS runs the higher net margin — WAT at 3.58% versus ZTS at 27.49%.

How have WAT and ZTS total returns compared?

Over the past 10 years, WAT delivered 9.97% and ZTS delivered 5.14% annualized total return. Past performance doesn't predict future results.

Waters Corporation (WAT) vs Zoetis Inc. (ZTS)

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

WAT

Waters Corporation

$30.43B

$406.86HealthcareAt close: Aug 7, 2026, 4:00 PM ET

ZTS

Zoetis Inc.

$30.46B

$72.66HealthcareDelayed quote: Aug 7, 2026, 4:02 PM EDT

Total return — WAT vs ZTS

growth of $100 · dividends reinvested · last 14y

WAT +327.7%ZTS +179.8%WAT compounded faster

WAT ZTS

WAT vs ZTS: by the numbers

•ZTS is the larger company ($30.46B vs $30.43B market cap).
•ZTS trades at the lower trailing earnings multiple (12.73 vs 101.46 P/E), one valuation lens rather than an overall verdict.
•ZTS converts more revenue to profit (27.49% vs 3.58% net margin).
•WAT grew revenue faster over the past five years (11.70% vs 5.13% CAGR).
•ZTS pays a dividend (2.67% yield), while WAT is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	WAT	ZTS
P/E ratio	101.46	12.73
Forward P/E	27.93	11.25
P/S ratio	8.60	3.39
P/B ratio	2.63	10.25
PEG ratio	75.61	2.04
EV / EBITDA	47.96	7.74
FCF yield	0.99%	7.33%

Profitability

Metric	WAT	ZTS
Gross margin	50.78%	70.87%
Operating margin	28.22%	37.00%
Net margin	3.58%	27.49%
ROE	1.09%	83.10%
ROIC	17.57%	21.54%

Dividends

Metric	WAT	ZTS
Dividend yield	N/A	2.67%
Payout ratio	N/A	34.16%

Growth (annualized)

Metric	WAT	ZTS
Revenue CAGR (5Y)	11.70%	5.13%
EPS CAGR (5Y)	5.16%	11.88%
FCF CAGR (5Y)	-9.19%	6.81%
Total return CAGR (5Y)	0.57%	-16.54%

Frequently asked

Which has the lower trailing P/E, WAT or ZTS?: ZTS has the lower trailing P/E: WAT trades at 101.46 and ZTS at 12.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, WAT or ZTS?: Over the past five years, WAT grew revenue faster — WAT at a 11.70% CAGR versus ZTS at 5.13%.
Does WAT or ZTS pay a bigger dividend?: ZTS pays a dividend (2.67% yield), while WAT is a former payer with no current dividend run rate.
Is WAT or ZTS more profitable?: ZTS runs the higher net margin — WAT at 3.58% versus ZTS at 27.49%.
How have WAT and ZTS total returns compared?: Over the past 10 years, WAT delivered 9.97% and ZTS delivered 5.14% annualized total return. Past performance doesn't predict future results.

Go deeper

Full WAT analysis Full ZTS analysis Interactive comparison tool

Dig into the metrics

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

Waters & Zoetis appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin 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 August 8, 2026.