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Waters Corp (WAT)

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SEC name WATERS CORP /DE/ · CIK 0001000697 · NYSE · Laboratory Analytical Instruments

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Waters Corp reported revenue of $3.17B. Revenue grew 7.0% from the prior annual period.

Key ratios (year ended 2025-12-31)

59.3%
Gross margin (computed)
25.4%
Operating margin
20.3%
Net margin
25.1%
Return on year-end equity
7.0%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Headquarters locality: Milford · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$3.17B$2.96B$2.96B$2.97B$2.79B$2.37B$2.41B$2.42B$2.31B$2.17B
Cost of Revenue$1.29B$1.20B$1.20B$1.25B$1.16B$1.01B$1.01B$992.56M$947.07M$891.45M
Gross Profit (computed)$1.88B$1.76B$1.76B$1.72B$1.63B$1.36B$1.40B$1.43B$1.36B$1.28B
R&D Expense$195.71M$183.03M$174.94M$176.19M$168.36M$140.78M$142.96M$143.40M$132.59M$125.19M
Operating Income$802.59M$826.35M$817.68M$873.39M$821.71M$645.49M$708.46M$739.77M$662.20M$625.04M
Net Income$642.63M$637.83M$642.23M$707.75M$692.84M$521.57M$592.20M$593.79M$20.31M$521.50M
EPS (Diluted)$10.76$10.71$10.84$11.73$11.17$8.36$8.69$7.65$0.25$6.41
Total Assets$5.08B$4.55B$4.63B$3.28B$3.09B$2.84B$2.56B$3.73B$5.32B$4.66B
Total Liabilities$2.52B$2.73B$3.48B$2.78B$2.73B$2.61B$2.77B$2.16B$3.09B$2.36B
Long-Term Debt$1.41B$1.63B$2.36B$1.58B$1.52B$1.36B$1.69B$1.15B$2.00B$1.83B
Shareholders' Equity$2.56B$1.83B$1.15B$504.49M$367.55M$232.14M-$216.28M$1.57B$2.23B$2.30B
Cash & Equivalents$587.83M$325.36M$395.08M$480.53M$501.23M$436.69M$335.71M$796.28M$642.32M$505.63M
Operating Cash Flow$652.55M$762.12M$602.81M$611.66M$747.27M$790.51M$643.09M$604.45M$697.64M$642.92M
Capital Expenditures$112.75M$142.48M$160.63Mn/an/an/an/an/an/an/a
Free Cash Flow$539.81M$619.64M$442.18Mn/an/an/an/an/an/an/a
Share Repurchases$14.67M$13.54M$70.28M$626.06M$648.93M$196.41M$2.47B$1.32B$332.54M$325.76M
Shares Outstanding59.55M59.39M59.18M59.10M60.73M62.31M62.59M73.11M79.34M80.02M
Weighted Average Diluted Shares59.71M59.55M59.27M60.33M62.03M62.41M68.17M77.62M80.60M81.42M
EPS (Basic)$10.80$10.75$10.87$11.80$11.25$8.40$8.76$7.71$0.25$6.46

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