WAT vs ARES

Comparison between Waters Corp (WAT, Company) and Ares Management Corp - Class A (ARES, Company).

WAT is from the Healthcare sector, while ARES is from the Financial Services sector.

5-Year PerformanceARES has outperformed WAT, delivering a return of +15.5% compared to +2.1%

WAT vs ARES - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WAT(COMPANY)	ARES(COMPANY)
Market Cap	$36B	$36B
Max Drawdown	80.12%	51.32%
Sharpe Ratio	0.32	-0.75
5Y Beta	0.94	1.61
Industry	Diagnostics & Research	Asset Management
P/E Ratio	101.21	179.79
Forward P/E	25.58	18.62
PEG Ratio	1.40	0.93
Dividend Yield	N/A	3.90%
5Y Dividends CAGR	N/A	34.81%
5Y EPS CAGR	15.00%	-11.79%
Debt to Equity	31.75%	0.00%
Free Cash Flow Yield	1.08%	4.71%
P/S Ratio	9.61	6.36
P/B Ratio	2.37	10.01

Market Cap

Winner

WAT

$36B

ARES

$36B

Max Drawdown

WAT

80.12%

Winner

ARES

51.32%

Sharpe Ratio

Winner

WAT

0.32

ARES

-0.75

5Y Beta

Winner

WAT

0.94

ARES

1.61

Industry

WAT

Diagnostics & Research

ARES

Asset Management

P/E Ratio

Winner

WAT

101.21

ARES

179.79

Forward P/E

WAT

25.58

Winner

ARES

18.62

PEG Ratio

WAT

1.40

Winner

ARES

0.93

Dividend Yield

WAT

N/A

ARES

3.90%

5Y Dividends CAGR

WAT

N/A

ARES

34.81%

5Y EPS CAGR

Winner

WAT

15.00%

ARES

-11.79%

Debt to Equity

WAT

31.75%

Winner

ARES

0.00%

Free Cash Flow Yield

WAT

1.08%

Winner

ARES

4.71%

P/S Ratio

WAT

9.61

Winner

ARES

6.36

P/B Ratio

Winner

WAT

2.37

ARES

10.01

WAT vs ARES - Historical Returns

Returns include dividend reinvestment.

Period	WAT	ARES
1 month	+10.56%	-11.56%
3 months	+24.57%	+2.67%
6 months	-3.02%	-33.50%
1 year	+5.49%	-33.25%
5 years(CAGR)	+2.08%	+15.45%
10 years(CAGR)	+10.95%	+29.67%
Max(CAGR)	+10.64%	+20.71%

Winner

WAT

+10.56%

ARES

-11.56%

Winner

WAT

+24.57%

ARES

+2.67%

Winner

WAT

-3.02%

ARES

-33.50%

Winner

WAT

+5.49%

ARES

-33.25%

5Y(CAGR)

WAT

+2.08%

Winner

ARES

+15.45%

10Y(CAGR)

WAT

+10.95%

Winner

ARES

+29.67%

Max(CAGR)

WAT

+10.64%

Winner

ARES

+20.71%

WAT vs ARES - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	WAT	ARES
2026	-1.98%	-32.54%
2025	+3.14%	-6.68%
2024	+12.89%	+57.27%
2023	-4.73%	+79.67%
2022	-6.04%	-10.48%
2021	+48.95%	+79.18%
2020	+5.26%	+38.20%
2019	+27.39%	+113.38%
2018	-3.60%	-6.51%
2017	+41.60%	+13.96%
2016	+3.10%	+58.10%
2015	+18.18%	-19.10%
2014	+13.61%	-5.54%
2013	+12.73%	N/A
2012	+14.72%	N/A
2011	-5.19%	N/A
2010	+26.09%	N/A
2009	+62.67%	N/A
2008	-52.25%	N/A
2007	+61.76%	N/A
2006	+28.53%	N/A
2005	-17.41%	N/A
2004	+41.27%	N/A
2003	+50.59%	N/A
2002	-43.79%	N/A
2001	-50.87%	N/A
2000	+224.27%	N/A
1999	+4.83%	N/A

WAT vs ARES Drawdown Comparison

The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.

The maximum drawdown for ARES was -49.73%, occurring on Mar 12, 2026. This drawdown has not yet recovered.

The current WAT drawdown is -11.84%. The current ARES drawdown is -41.55%.

Rank	WAT	ARES
#1	-80.12% Sep 28, 2000 - Apr 21, 2011	-49.73% Jan 31, 2025 - Mar 12, 2026
#2	-44.27% Sep 8, 2021 - Oct 30, 2023	-45.88% Jun 15, 2015 - Dec 30, 2016
#3	-35.86% Apr 8, 2019 - Jan 5, 2021	-43.97% Feb 19, 2020 - Jun 22, 2020
#4	-28.07% May 19, 2011 - Jun 17, 2013	-38.04% Nov 17, 2021 - Feb 7, 2023
#5	-27.49% Mar 6, 2000 - Jun 2, 2000	-30.20% Mar 5, 2018 - Mar 14, 2019
#6	-20.65% Jan 29, 2018 - Jan 23, 2019	-23.08% Feb 24, 2017 - Jan 10, 2018
#7	-19.26% Jul 12, 2000 - Aug 21, 2000	-21.33% Jul 24, 2014 - Jan 26, 2015
#8	-17.37% Aug 23, 2016 - Apr 25, 2017	-15.95% Sep 18, 2019 - Nov 1, 2019
#9	-17.28% Feb 20, 2014 - Nov 20, 2014	-15.28% Feb 7, 2023 - Apr 18, 2023
#10	-16.98% Dec 31, 1999 - Jan 25, 2000	-14.14% Jan 24, 2018 - Mar 1, 2018
#11	-16.76% Jun 18, 2015 - Apr 18, 2016	-13.87% Mar 2, 2015 - Jun 11, 2015
#12	-13.96% Nov 1, 1999 - Dec 29, 1999	-13.68% Apr 5, 2021 - Jun 11, 2021
#13	-13.28% Aug 28, 2000 - Sep 25, 2000	-12.71% Jul 31, 2024 - Sep 17, 2024
#14	-11.58% Sep 26, 2013 - Jan 28, 2014	-11.42% May 15, 2024 - Jul 22, 2024
#15	-10.25% Feb 17, 2000 - Feb 25, 2000	-11.29% Oct 11, 2023 - Nov 29, 2023