WAT vs. MCHP
Compare and contrast key facts about Waters Corporation (WAT) and Microchip Technology Incorporated (MCHP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAT or MCHP.
Correlation
The correlation between WAT and MCHP is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WAT vs. MCHP - Performance Comparison
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Key characteristics
WAT:
-0.01
MCHP:
-0.57
WAT:
0.31
MCHP:
-0.57
WAT:
1.04
MCHP:
0.92
WAT:
0.00
MCHP:
-0.52
WAT:
0.01
MCHP:
-0.98
WAT:
11.34%
MCHP:
33.94%
WAT:
38.06%
MCHP:
59.34%
WAT:
-80.12%
MCHP:
-63.77%
WAT:
-15.36%
MCHP:
-37.24%
Fundamentals
WAT:
$21.39B
MCHP:
$32.92B
WAT:
$11.01
MCHP:
-$0.01
WAT:
2.32
MCHP:
5.70
WAT:
7.17
MCHP:
7.48
WAT:
10.66
MCHP:
4.65
WAT:
$2.98B
MCHP:
$4.40B
WAT:
$1.85B
MCHP:
$2.34B
WAT:
$995.26M
MCHP:
$857.70M
Returns By Period
In the year-to-date period, WAT achieves a -3.10% return, which is significantly lower than MCHP's 7.53% return. Over the past 10 years, WAT has underperformed MCHP with an annualized return of 10.34%, while MCHP has yielded a comparatively higher 11.75% annualized return.
WAT
-3.10%
11.98%
0.28%
0.99%
13.86%
10.34%
MCHP
7.53%
58.74%
-1.22%
-33.50%
8.49%
11.75%
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Risk-Adjusted Performance
WAT vs. MCHP — Risk-Adjusted Performance Rank
WAT
MCHP
WAT vs. MCHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Waters Corporation (WAT) and Microchip Technology Incorporated (MCHP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
WAT vs. MCHP - Dividend Comparison
WAT has not paid dividends to shareholders, while MCHP's dividend yield for the trailing twelve months is around 2.97%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHP Microchip Technology Incorporated | 2.97% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.08% | 3.16% |
Drawdowns
WAT vs. MCHP - Drawdown Comparison
The maximum WAT drawdown since its inception was -80.12%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for WAT and MCHP. For additional features, visit the drawdowns tool.
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Volatility
WAT vs. MCHP - Volatility Comparison
The current volatility for Waters Corporation (WAT) is 11.26%, while Microchip Technology Incorporated (MCHP) has a volatility of 18.75%. This indicates that WAT experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
WAT vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Waters Corporation and Microchip Technology Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WAT vs. MCHP - Profitability Comparison
WAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Waters Corporation reported a gross profit of 493.15M and revenue of 661.71M. Therefore, the gross margin over that period was 74.5%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported a gross profit of 501.10M and revenue of 970.50M. Therefore, the gross margin over that period was 51.6%.
WAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Waters Corporation reported an operating income of 151.75M and revenue of 661.71M, resulting in an operating margin of 22.9%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported an operating income of -100.30M and revenue of 970.50M, resulting in an operating margin of -10.3%.
WAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Waters Corporation reported a net income of 121.38M and revenue of 661.71M, resulting in a net margin of 18.3%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported a net income of -156.80M and revenue of 970.50M, resulting in a net margin of -16.2%.