BBIO vs. WAT: BridgeBio Pharma vs. Waters Stock Comparison

November 11, 2026

How do BridgeBio Pharma (BBIO) and Waters (WAT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BridgeBio Pharma (BBIO) and Waters (WAT) both fall under the Pharmaceuticals, Biotechnology & Life Sciences industry group, but BBIO is classified in Biotechnology while WAT is classified in Life Sciences Tools & Services.

Company profile comparison for BridgeBio Pharma (BBIO) and Waters (WAT)
Profile Item	BBIO	WAT
Name	BridgeBio Pharma Inc.	Waters Corporation
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Pharmaceuticals, Biotechnology & Life Sciences	Pharmaceuticals, Biotechnology & Life Sciences
GICS Industry	Biotechnology	Life Sciences Tools & Services
GICS Sub-Industry	Biotechnology	Life Sciences Tools & Services
Market Capitalization	14.47 billion USD	44.93 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 27, 2019	November 17, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BBIO

WAT

GSPC

BridgeBio Pharma (BBIO) vs. Waters (WAT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BridgeBio Pharma (BBIO) and Waters (WAT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BridgeBio Pharma (BBIO) and Waters (WAT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Total Return (1Y)	22.70%	27.70%
Total Return (3Y, Annualized)	40.97%	23.32%
Total Return (5Y, Annualized)	8.25%	6.27%

Risk Profile

Drawdown History

BBIO

WAT

GSPC

BridgeBio Pharma (BBIO) vs. Waters (WAT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BridgeBio Pharma (BBIO) and Waters (WAT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Volatility (1Y, Annualized)	44.39%	35.45%
Beta (5Y)	0.93	1.13
Max Drawdown (5Y)	-89.79%	-36.47%
Avg. Volume (3M)	2.68M	816.72K

Risk-Adjusted Performance

Risk-Return Positioning

BBIO and WAT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Sharpe Ratio (1Y)	0.41	0.66
Sortino Ratio (1Y)	0.63	0.98

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Waters (WAT) earns 1.12% on shareholders’ equity, ranked against its industry; BridgeBio Pharma (BBIO) has no ROE this period.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 109.18%
Q3: 6.23%
Median: -26.66%
Q1: -64.05%
Min: -167.77%
BBIO: --

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.12%

Max: 109.18%
Q3: 6.23%
WAT: 1.12%
Median: -26.66%
Q1: -64.05%
Min: -167.77%

BridgeBio Pharma (BBIO) vs. Waters (WAT): BBIO does not report ROE, so it has no value marker; WAT is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

Net Margin (TTM)

BridgeBio Pharma (BBIO) reports a negative net margin of -59.84%, usually indicating a net loss over the period. Meanwhile Waters (WAT) reports 1.76%, ranking against industry peers normally.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

-59.84%

Max: 18.05%
Q3: 4.78%
Median: 0.00%
Q1: -4.14%
Min: -17.05%
BBIO: -59.84%

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.76%

Max: 18.05%
Q3: 4.78%
WAT: 1.76%
Median: 0.00%
Q1: -4.14%
Min: -17.05%

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their net margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Operating Margin (TTM)

BridgeBio Pharma (BBIO) reports a negative operating margin of -3.30%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Waters (WAT) reports 11.38%, ranking against industry peers normally.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

-3.30%

Max: 83.12%
Q3: 14.77%
Median: 0.00%
BBIO: -3.30%
Q1: -78.82%
Min: -207.40%

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

11.38%

Max: 83.12%
Q3: 14.77%
WAT: 11.38%
Median: 0.00%
Q1: -78.82%
Min: -207.40%

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their operating margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Profitability Metrics

Profitability metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
ROE (TTM)	--	1.12%
ROA (TTM)	-13.97%	2.36%
Net Margin (TTM)	-59.84%	1.76%
Operating Margin (TTM)	-3.30%	11.38%
Gross Margin (TTM)	94.34%	49.83%

Growth

Revenue Growth

BridgeBio Pharma (BBIO) at 126.26% sits in the top revenue growth quartile, while Waters (WAT) at 6.99% is closer to the peer norm — faster top-line expansion for BBIO.

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Waters (WAT) reports EPS growth of 0.47%, ranked against its industry; BridgeBio Pharma (BBIO) has no EPS growth figure this period.

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Revenue Growth (YoY)	126.26%	6.99%
Revenue Growth (3Y CAGR)	86.30%	2.12%
EPS Growth (YoY)	--	0.47%
EPS Growth (3Y CAGR)	--	-2.84%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: BridgeBio Pharma (BBIO) shows current ratio of 2.09 against its industry benchmark, while Waters (WAT) has no reading this period.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

2.09

Max: 25.13
Q3: 12.13
Median: 5.52
Q1: 2.47
BBIO: 2.09
Min: 0.10

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 25.13
Q3: 12.13
Median: 5.52
Q1: 2.47
Min: 0.10
WAT: --

BridgeBio Pharma (BBIO) vs. Waters (WAT): WAT does not report current ratio, so it has no value marker; BBIO is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Waters (WAT) carries debt-to-equity ratio of 0.34 against its industry range, while BridgeBio Pharma (BBIO) reports no figure this period.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 1.42
Q3: 0.65
Median: 0.15
Q1: 0.02
Min: 0.00
BBIO: --

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.34

Max: 1.42
Q3: 0.65
WAT: 0.34
Median: 0.15
Q1: 0.02
Min: 0.00

BridgeBio Pharma (BBIO) vs. Waters (WAT): BBIO does not report debt-to-equity ratio, so it has no value marker; WAT is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

Financial Strength Metrics

Financial strength metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Current Ratio (MRQ)	2.09	--
Debt / Equity (MRQ)	--	0.34
Net Debt / EBITDA	--	3.23

Dividends

Dividend Yield (TTM)

Neither BridgeBio Pharma (BBIO) nor Waters (WAT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

BBIO: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

WAT: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their dividend yield against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Payout Ratio (TTM)

Neither BridgeBio Pharma (BBIO) nor Waters (WAT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

BBIO: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

WAT: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their payout ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Metrics

Dividend metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Waters (WAT) trades at 191.46 times trailing earnings, ranked against its peers, while BridgeBio Pharma (BBIO) has no P/E ratio this period.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 85.34
Q3: 43.46
Median: 26.69
Q1: 13.30
Min: 0.07
BBIO: --

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

191.46

WAT: 191.46
Max: 85.34
Q3: 43.46
Median: 26.69
Q1: 13.30
Min: 0.07

BridgeBio Pharma (BBIO) vs. Waters (WAT): BBIO does not report P/E ratio, so it has no value marker; WAT is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

P/S Ratio (TTM)

On P/S ratio, both BridgeBio Pharma (BBIO) at 15.31 and Waters (WAT) at 8.01 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

15.31

Max: 58.18
Q3: 25.77
BBIO: 15.31
Median: 7.30
Q1: 3.01
Min: 0.01

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

8.01

Max: 58.18
Q3: 25.77
WAT: 8.01
Median: 7.30
Q1: 3.01
Min: 0.01

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their P/S ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/B Ratio (MRQ)

BridgeBio Pharma (BBIO) reports a negative P/B ratio of -5.59, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Waters (WAT) reports 2.94, ranking against industry peers normally.

BBIO

Pharmaceuticals, Biotechnology & Life Sciences industry group

-5.59

Max: 13.53
Q3: 6.54
Median: 3.25
Q1: 1.69
BBIO: -5.59
Min: -5.59

WAT

Pharmaceuticals, Biotechnology & Life Sciences industry group

2.94

Max: 13.53
Q3: 6.54
Median: 3.25
WAT: 2.94
Q1: 1.69
Min: -5.59

BridgeBio Pharma (BBIO) vs. Waters (WAT): A comparison of their P/B ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Valuation Metrics

Valuation metrics for BridgeBio Pharma (BBIO) and Waters (WAT)
Metric	BBIO	WAT
P/E Ratio (TTM)	--	191.46
P/S Ratio (TTM)	15.31	8.01
P/B Ratio (MRQ)	-5.59	2.94
Free Cash Flow Yield (TTM)	-1.98%	--