ILMN vs WAT
Illumina, Inc. and Waters Corporation, both Healthcare
Waters Corporation is the larger company at $35B against $27B. On trailing earnings ILMN is the cheaper of the two at a P/E of 51.9 against 108.2, a gap that is only a bargain if the two are growing at similar rates. Over the past year ILMN returned +171% against +42% for WAT. The RyuScore puts WAT ahead, 49 against 36 out of 100.
| Figure | ILMN | WAT |
|---|---|---|
| Last close | $278 | $434 |
| Market cap | $27B | $35B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 51.9 | 108.2 |
| 1-year return | +171% | +42% |
| 5-year return | -36% | +7.6% |
| RyuScoresector-relative, 1–10 | 36/100 | 49/100 |
Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.
Illumina, Inc.
Revenue of $1.2B in Q2 2026, net income $207M. Its largest reported line is United States And Canada, 56% of the disclosed total.
Waters Corporation
Revenue of $1.6B in Q2 2026, net income null. Its largest reported line is Consumables, 47% of the disclosed total.
Open these two in the interactive comparison to add more names, change the period or see the correlation.