WallStSmart

Danaher Corporation (DHR)vsWaters Corporation (WAT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Danaher Corporation generates 566% more annual revenue ($25.11B vs $3.77B). DHR leads profitability with a 16.0% profit margin vs 11.9%. DHR appears more attractively valued with a PEG of 1.15. DHR earns a higher WallStSmart Score of 66/100 (B-).

DHR

Strong Buy

66

out of 100

Grade: B-

Growth: 6.0Profit: 6.5Value: 4.0Quality: 6.5
Piotroski: 4/9Altman Z: 2.36

WAT

Buy

50

out of 100

Grade: C-

Growth: 5.3Profit: 5.0Value: 3.3Quality: 7.0
Piotroski: 2/9Altman Z: 4.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DHRSignificantly Overvalued (-66.7%)

Margin of Safety

-66.7%

Fair Value

$117.88

Current Price

$199.63

$81.75 premium

UndervaluedFair: $117.88Overvalued
WATSignificantly Overvalued (-81.9%)

Margin of Safety

-81.9%

Fair Value

$180.97

Current Price

$396.08

$215.11 premium

UndervaluedFair: $180.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DHR4 strengths · Avg: 8.8/10
EPS GrowthGrowth
59.7%10/10

Earnings expanding 59.7% YoY

Market CapQuality
$125.93B9/10

Large-cap with strong market position

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.26B8/10

Generating 1.3B in free cash flow

WAT3 strengths · Avg: 9.3/10
Revenue GrowthGrowth
91.4%10/10

Revenue surging 91.4% year-over-year

Altman Z-ScoreHealth
4.8510/10

Safe zone — low bankruptcy risk

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Areas to Watch

DHR2 concerns · Avg: 3.5/10
P/E RatioValuation
34.7x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.6%3/10

ROE of 7.6% — below average capital efficiency

WAT4 concerns · Avg: 3.3/10
PEG RatioValuation
1.694/10

Expensive relative to growth rate

Return on EquityProfitability
2.9%3/10

ROE of 2.9% — below average capital efficiency

Operating MarginProfitability
2.8%3/10

Operating margin of 2.8%

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : DHR

The strongest argument for DHR centers on EPS Growth, Market Cap, Price/Book. Profitability is solid with margins at 16.0% and operating margin at 18.0%. PEG of 1.15 suggests the stock is reasonably priced for its growth.

Bull Case : WAT

The strongest argument for WAT centers on Revenue Growth, Altman Z-Score, Price/Book. Revenue growth of 91.4% demonstrates continued momentum.

Bear Case : DHR

The primary concerns for DHR are P/E Ratio, Return on Equity.

Bear Case : WAT

The primary concerns for WAT are PEG Ratio, Return on Equity, Operating Margin. A P/E of 48.1x leaves little room for execution misses.

Key Dynamics to Monitor

DHR profiles as a mature stock while WAT is a growth play — different risk/reward profiles.

WAT carries more volatility with a beta of 1.20 — expect wider price swings.

WAT is growing revenue faster at 91.4% — sustainability is the question.

DHR generates stronger free cash flow (1.3B), providing more financial flexibility.

Bottom Line

DHR scores higher overall (66/100 vs 50/100), backed by strong 16.0% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Danaher Corporation

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Danaher Corporation is an American globally diversified conglomerate with its headquarters in Washington, D.C.. The company designs, manufactures, and markets professional, medical, industrial, and commercial products and services. The company's 3 platforms are Life Sciences, Diagnostics, and Environmental & Applied Solutions.

Waters Corporation

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Waters Corporation is a publicly traded Analytical Laboratory instrument and software company headquartered in Milford, Massachusetts.

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