WAT vs HEI-A

Comparison between Waters Corp (WAT, Company) and Heico Corp - Class A (HEI-A, Company).

WAT is from the Healthcare sector, while HEI-A is from the Industrials sector.

5-Year PerformanceHEI-A has outperformed WAT, delivering a return of +14.3% compared to +0.7%

WAT vs HEI-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WAT(COMPANY)	HEI-A(COMPANY)
Market Cap	$35B	$35B
Max Drawdown	80.12%	49.74%
Sharpe Ratio	0.21	0.15
5Y Beta	0.94	0.83
Industry	Diagnostics & Research	Aerospace & Defense
P/E Ratio	97.44	29.66
Forward P/E	24.94	42.37
PEG Ratio	1.35	0.95
Dividend Yield	N/A	0.10%
5Y Dividends CAGR	N/A	8.45%
5Y EPS CAGR	15.00%	20.50%
Debt to Equity	31.75%	0.07%
Free Cash Flow Yield	1.12%	2.72%

Market Cap

Winner

WAT

$35B

HEI-A

$35B

Max Drawdown

WAT

80.12%

Winner

HEI-A

49.74%

Sharpe Ratio

Winner

WAT

0.21

HEI-A

0.15

5Y Beta

WAT

0.94

Winner

HEI-A

0.83

Industry

WAT

Diagnostics & Research

HEI-A

Aerospace & Defense

P/E Ratio

WAT

97.44

Winner

HEI-A

29.66

Forward P/E

Winner

WAT

24.94

HEI-A

42.37

PEG Ratio

WAT

1.35

Winner

HEI-A

0.95

Dividend Yield

WAT

N/A

HEI-A

0.10%

5Y Dividends CAGR

WAT

N/A

HEI-A

8.45%

5Y EPS CAGR

WAT

15.00%

Winner

HEI-A

20.50%

Debt to Equity

WAT

31.75%

Winner

HEI-A

0.07%

Free Cash Flow Yield

WAT

1.12%

Winner

HEI-A

2.72%

WAT vs HEI-A - Historical Returns

Returns include dividend reinvestment.

Period	WAT	HEI-A
1 month	+7.00%	+13.40%
3 months	+20.47%	+12.03%
6 months	-5.55%	+2.80%
1 year	+4.74%	+1.72%
5 years(CAGR)	+0.73%	+14.31%
10 years(CAGR)	+10.24%	+25.29%
Max(CAGR)	+10.44%	+25.02%

WAT

+7.00%

Winner

HEI-A

+13.40%

Winner

WAT

+20.47%

HEI-A

+12.03%

WAT

-5.55%

Winner

HEI-A

+2.80%

Winner

WAT

+4.74%

HEI-A

+1.72%

5Y(CAGR)

WAT

+0.73%

Winner

HEI-A

+14.31%

10Y(CAGR)

WAT

+10.24%

Winner

HEI-A

+25.29%

Max(CAGR)

WAT

+10.44%

Winner

HEI-A

+25.02%

WAT vs HEI-A - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	WAT	HEI-A
2026	-6.94%	-3.72%
2025	+3.14%	+35.93%
2024	+12.89%	+31.65%
2023	-4.73%	+20.11%
2022	-6.04%	-6.78%
2021	+48.95%	+12.70%
2020	+5.26%	+23.76%
2019	+27.39%	+48.30%
2018	-3.60%	+25.84%
2017	+41.60%	+45.71%
2016	+3.10%	+43.05%
2015	+18.18%	N/A
2014	+13.61%	N/A
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 HEI-A Drawdown Comparison

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

The maximum drawdown for HEI-A was -49.70%, occurring on Mar 18, 2020. Recovery took 302 trading sessions.

The current WAT drawdown is -16.31%. The current HEI-A drawdown is -10.34%.

Rank	WAT	HEI-A
#1	-80.12% Sep 28, 2000 - Apr 21, 2011	-49.70% Aug 29, 2019 - Nov 9, 2020
#2	-44.27% Sep 8, 2021 - Oct 30, 2023	-27.11% Jan 15, 2026 - Apr 29, 2026
#3	-35.86% Apr 8, 2019 - Jan 5, 2021	-25.90% Nov 9, 2021 - Feb 15, 2023
#4	-28.07% May 19, 2011 - Jun 17, 2013	-24.91% Sep 14, 2018 - Feb 15, 2019
#5	-27.49% Mar 6, 2000 - Jun 2, 2000	-18.84% Jun 8, 2021 - Nov 9, 2021
#6	-20.65% Jan 29, 2018 - Jan 23, 2019	-17.89% Nov 22, 2024 - Mar 25, 2025
#7	-19.26% Jul 12, 2000 - Aug 21, 2000	-17.71% Jan 12, 2016 - Apr 14, 2016
#8	-17.37% Aug 23, 2016 - Apr 25, 2017	-14.99% Jan 8, 2021 - Apr 15, 2021
#9	-17.28% Feb 20, 2014 - Nov 20, 2014	-14.47% May 22, 2023 - Jul 25, 2023
#10	-16.98% Dec 31, 1999 - Jan 25, 2000	-13.62% Mar 25, 2025 - May 15, 2025
#11	-16.76% Jun 18, 2015 - Apr 18, 2016	-12.63% Jan 29, 2018 - Feb 28, 2018
#12	-13.96% Nov 1, 1999 - Dec 29, 1999	-12.46% Jul 25, 2023 - Dec 4, 2023
#13	-13.28% Aug 28, 2000 - Sep 25, 2000	-10.02% Aug 4, 2025 - Jan 5, 2026
#14	-11.58% Sep 26, 2013 - Jan 28, 2014	-9.73% Dec 13, 2023 - Feb 7, 2024
#15	-10.25% Feb 17, 2000 - Feb 25, 2000	-8.80% Nov 16, 2020 - Dec 4, 2020