Waters Corporation (WAT)
NYSE: WAT · Real-Time Price · USD
383.57
+16.90 (4.61%)
May 29, 2026, 4:00 PM EDT - Market closed
Waters Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 3,771 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 | |
Revenue Growth (YoY) | 26.38% | 6.99% | 0.07% | -0.52% | 6.68% | 17.78% |
Cost of Revenue | 362.86 | 1,289 | 1,200 | 1,195 | 1,248 | 1,157 |
Gross Profit | 3,408 | 1,876 | 1,758 | 1,761 | 1,724 | 1,629 |
Selling, General & Admin | 1,042 | 830.37 | 690.15 | 736.01 | 658.03 | 626.97 |
Depreciation & Amortization Expenses | 188.08 | 47.79 | 47.09 | 32.56 | 6.37 | 7.14 |
Research & Development | 245.09 | 195.71 | 183.03 | 174.95 | 185.99 | 168.36 |
Other Operating Expenses | - | - | 11.57 | - | - | 5.17 |
Total Operating Expenses | 1,476 | 1,074 | 931.83 | 943.52 | 850.38 | 807.63 |
Operating Income | 603.84 | 802.59 | 826.35 | 817.68 | 873.4 | 821.71 |
Interest Income | 15.22 | 18.78 | 17.42 | 16.62 | 11.02 | 12.22 |
Interest Expense | -88.99 | -69.55 | -89.68 | -98.86 | -48.8 | -44.94 |
Other Non-Operating Income (Expense) | -6.08 | 3.06 | 0.78 | 0.81 | 2.23 | 17.2 |
Total Non-Operating Income (Expense) | -79.85 | -47.71 | -71.49 | -81.43 | -35.55 | -15.51 |
Pretax Income | 523.99 | 754.88 | 754.87 | 736.24 | 837.85 | 806.19 |
Provision for Income Taxes | 106.74 | 112.25 | 117.03 | 94.01 | 130.09 | 113.35 |
Net Income | 449.25 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Net Income to Common | 449.25 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Net Income Growth | -31.58% | 0.75% | -0.69% | -9.26% | 2.15% | 32.84% |
Shares Outstanding (Basic) | 65 | 60 | 59 | 59 | 60 | 62 |
Shares Outstanding (Diluted) | 65 | 60 | 60 | 59 | 60 | 62 |
Shares Change (YoY) | 9.60% | 0.26% | 0.48% | -1.76% | -2.74% | -0.62% |
EPS (Basic) | 7.88 | 10.80 | 10.75 | 10.87 | 11.80 | 11.25 |
EPS (Diluted) | 7.87 | 10.76 | 10.71 | 10.84 | 11.73 | 11.17 |
EPS Growth | -28.58% | 0.47% | -1.20% | -7.59% | 5.01% | 33.61% |
Shares Outstanding | 98.17 | 59.55 | 59.39 | 59.18 | 59.09 | 60.73 |
Free Cash Flow | 263.81 | 539.81 | 619.64 | 442.18 | 435.74 | 586.01 |
Free Cash Flow Growth | -51.13% | -12.88% | 40.13% | 1.48% | -25.64% | -5.20% |
Free Cash Flow Per Share | 4.04 | 9.04 | 10.41 | 7.46 | 7.22 | 9.45 |
Gross Margin | 90.38% | 59.28% | 59.43% | 59.57% | 58.00% | 58.49% |
Operating Margin | 16.01% | 25.36% | 27.93% | 27.66% | 29.39% | 29.50% |
Profit Margin | 11.91% | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% |
FCF Margin | 7.00% | 17.05% | 20.95% | 14.96% | 14.66% | 21.04% |
EBITDA | 1,124 | 1,009 | 1,018 | 983.58 | 1,004 | 953.39 |
EBITDA Margin | 29.81% | 31.87% | 34.42% | 33.27% | 33.78% | 34.22% |
EBIT | 603.84 | 802.59 | 826.35 | 817.68 | 873.4 | 821.71 |
EBIT Margin | 16.01% | 25.36% | 27.93% | 27.66% | 29.39% | 29.50% |
Effective Tax Rate | 20.37% | 14.87% | 15.50% | 12.77% | 15.53% | 14.06% |