Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 34.73% is in line with its 5-year average of 33.51%, near the high end of its 5-year range (8.29%–39.05%).
52.82% above its 12-month average of 22.73%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
34.73%
EBITDA MARGIN AVG TTM
22.73%
EBITDA MARGIN AVG 3Y
33.71%
EBITDA MARGIN AVG 5Y
33.51%
EBITDA MARGIN AVG 10Y
33.81%
EBITDA MARGIN AVG 15Y
32.95%
EBITDA MARGIN AVG 20Y
31.99%
CURRENT VS TTM AVG
+52.82%
CURRENT VS 3Y AVG
+3.04%
CURRENT VS 5Y AVG
+3.64%
CURRENT VS 10Y AVG
+2.72%
CURRENT VS 15Y AVG
+5.41%
CURRENT VS 20Y AVG
+8.55%
Waters Corporation
Market Cap
$30.13B
EBITDA Margin
34.73%
TTM Avg
22.73%
3Y Avg
33.71%
5Y Avg
33.51%
Market Cap
$30.16B
EBITDA Margin
16.19%
TTM Avg
16.24%
3Y Avg
16.31%
5Y Avg
17.37%
Market Cap
$26.79B
EBITDA Margin
30.90%
TTM Avg
31.59%
3Y Avg
31.63%
5Y Avg
30.80%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.13B | 34.73% | 22.73% | 33.71% | 33.51% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.16B | 16.19% | 16.24% | 16.31% | 17.37% |
| Zoetis Inc. (ZTS)vs › | $30.86B | 43.14% | 42.58% | 42.20% | 41.87% |
| Medline Inc. (MDLN)vs › | $29.33B | 10.26% | 11.41% | 10.38% | 10.38% |
| Biogen Inc. (BIIB)vs › | $31.40B | 28.67% | 30.68% | 30.30% | 31.44% |
| DexCom, Inc. (DXCM)vs › | $31.90B | 24.96% | 22.62% | 21.42% | 19.95% |
| Centene Corp. (CNC)vs › | $31.90B | -3.26% | -0.27% | 1.02% | 1.75% |
| ResMed Inc. (RMD)vs › | $32.06B | 36.98% | 37.16% | 34.64% | 34.36% |
| Mettler-Toledo International Inc. (MTD)vs › | $26.79B | 30.90% | 31.59% | 31.63% | 30.80% |
| Labcorp Holdings Inc. (LH)vs › | $26.64B | 15.75% | 14.53% | 14.10% | 17.90% |
Gross Margin
50.8%
EBITDA Margin
34.7%
Operating Margin
28.2%
Net Margin
3.6%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-07-04 | 13.07% |
| 2026-04-04 | 8.29% |
| 2025-12-31 | 38.95% |
| 2025-09-27 | 30.60% |
| 2025-06-28 | 31.10% |
| 2025-03-29 | 30.39% |
| 2024-12-31 | 39.05% |
| 2024-09-28 | 34.94% |
| 2024-06-29 | 33.36% |
| 2024-03-30 | 28.64% |
| 2023-12-31 | 38.11% |
| 2023-09-30 | 31.93% |
| 2023-07-01 | 32.24% |
| 2023-04-01 | 29.99% |
| 2022-12-31 | 36.99% |
| 2022-10-01 | 31.65% |
| 2022-07-02 | 32.74% |
| 2022-04-02 | 33.04% |
| 2021-12-31 | 35.38% |
| 2021-10-02 | 34.13% |
| 2021-07-03 | 33.71% |
| 2021-04-03 | 33.30% |
| 2020-12-31 | 37.88% |
| 2020-09-26 | 31.88% |
| 2020-06-27 | 35.80% |
| 2020-03-28 | 20.96% |
| 2019-12-31 | 36.49% |
| 2019-09-28 | 34.63% |
| 2019-06-29 | 34.47% |
| 2019-03-30 | 28.40% |
| 2018-12-31 | 37.78% |
| 2018-09-29 | 34.37% |
| 2018-06-30 | 34.62% |
| 2018-03-31 | 32.60% |
| 2017-12-31 | 37.53% |
| 2017-09-30 | 32.69% |
| 2017-07-01 | 32.84% |
| 2017-04-01 | 28.45% |
| 2016-12-31 | 36.96% |
| 2016-10-01 | 33.41% |
| 2016-07-02 | 32.85% |
| 2016-04-02 | 28.64% |
| 2015-12-31 | 34.84% |
| 2015-10-03 | 31.48% |
| 2015-07-04 | 30.91% |
| 2015-04-04 | 30.96% |
| 2014-12-31 | 32.82% |
| 2014-09-27 | 34.09% |
| 2014-06-28 | 28.89% |
| 2014-03-29 | 25.34% |
| 2013-12-31 | 34.95% |
| 2013-09-28 | 30.53% |
| 2013-06-29 | 29.29% |
| 2013-03-30 | 29.67% |
| 2012-12-31 | 33.93% |
| 2012-09-29 | 31.64% |
| 2012-06-30 | 30.16% |
| 2012-03-31 | 29.68% |
| 2011-12-31 | 34.75% |
| 2011-10-01 | 31.65% |
| 2011-07-02 | 30.80% |
| 2011-04-02 | 30.88% |
| 2010-12-31 | 34.17% |
| 2010-10-02 | 29.68% |
| 2010-07-03 | 30.91% |
| 2010-04-03 | 29.19% |
| 2009-12-31 | 32.88% |
| 2009-10-03 | 29.36% |
| 2009-07-04 | 27.89% |
| 2009-04-04 | 30.00% |
| 2008-12-31 | 30.87% |
| 2008-09-27 | 28.92% |
| 2008-06-28 | 28.10% |
| 2008-03-29 | 27.47% |
| 2007-12-31 | 32.85% |
| 2007-09-29 | 23.51% |
| 2007-06-30 | 25.53% |
| 2007-03-31 | 25.91% |
| 2006-12-31 | 30.46% |
| 2006-09-30 | 26.07% |
| 2006-07-01 | 24.70% |
| 2006-04-01 | 24.25% |
| 2005-12-31 | 31.97% |
| 2005-10-01 | 26.96% |
| 2005-07-02 | 27.42% |
| 2005-04-02 | 25.70% |
| 2004-12-31 | 31.86% |
| 2004-10-02 | 28.08% |
| 2004-07-03 | 34.02% |
| 2004-04-03 | 23.73% |
| 2003-12-31 | 30.87% |
| 2003-09-30 | 23.73% |
| 2003-06-30 | 26.58% |
| 2003-03-31 | 23.45% |
| 2002-12-31 | 25.44% |
| 2002-09-30 | 26.75% |
