Waters Corporation (WAT)
NYSE: WAT · Real-Time Price · USD
470.90
-4.62 (-0.97%)
Nov 11, 2026, 4:00 PM EST - Market closed
Waters Financials Overview
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 | Oct '26 Oct 3, 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 |
Revenue Revenue Growth | 5,610 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 |
Revenue Growth | 80.65% | 6.99% | 0.07% | -0.52% | 6.68% | 17.78% |
Gross Profit Gross Profit Growth | 2,795 | 1,876 | 1,758 | 1,761 | 1,724 | 1,629 |
Operating Income Operating Income Growth | 546.81 | 887.81 | 855.53 | 862.35 | 883.66 | 826.75 |
Net Income Net Income Growth | 98.63 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Earnings Per Share EPS Growth | 1.16 | 10.76 | 10.71 | 10.84 | 11.73 | 11.17 |
EPS Growth | -89.36% | 0.47% | -1.20% | -7.59% | 5.01% | 33.61% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 3, 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 |
Waters Instrument Systems Waters Instrument Systems Growth | - | 1,102 | 1,032 | 1,109 | 1,210 | 1,089 |
TA Instrument Systems TA Instrument Systems Growth | - | 243.82 | 246.2 | 252.88 | 252.31 | 225.61 |
Chemistry Consumables Chemistry Consumables Growth | - | 631.46 | 565.48 | 541.47 | 525.4 | 507.21 |
Waters Service Waters Service Growth | - | 1,080 | 1,006 | 951.42 | 890.61 | 876.63 |
TA Service TA Service Growth | - | 108.02 | 107.76 | 101.95 | 93.18 | 87.18 |
Revenue (Total) Revenue (Total) Growth | 5,611 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 3, 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 |
Cash & Investments Cash & Investments Growth | 593 | 587.83 | 325.36 | 395.97 | 481.39 | 569.29 |
Total Debt Total Debt Growth | 5,133 | 1,544 | 1,703 | 2,459 | 1,668 | 1,607 |
Net Cash (Debt) Net Cash Growth | -4,540 | -956.13 | -1,378 | -2,063 | -1,187 | -1,037 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -53.71 | -16.01 | -23.13 | -34.80 | -19.67 | -16.73 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 3, 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 |
Operating Cash Flow Operating Cash Flow Growth | 460.56 | 652.56 | 762.12 | 602.81 | 611.66 | 747.27 |
Capital Expenditures CapEx Growth | -169.75 | -112.75 | -142.48 | -160.63 | -175.92 | -161.27 |
Free Cash Flow Free Cash Flow Growth | 290.81 | 539.81 | 619.64 | 442.18 | 435.74 | 586.01 |
Free Cash Flow Growth | -51.69% | -12.88% | 40.13% | 1.48% | -25.64% | -5.20% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 3, 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 |
Gross Margin | 49.83% | 59.28% | 59.43% | 59.57% | 58.00% | 58.49% |
Operating Margin | 9.75% | 28.05% | 28.92% | 29.17% | 29.73% | 29.68% |
Pretax Margin | 1.96% | 23.85% | 25.52% | 24.90% | 28.19% | 28.94% |
Profit Margin | 1.76% | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% |
FCF Margin | 5.18% | 17.05% | 20.95% | 14.96% | 14.66% | 21.04% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 12, 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 |
PE Ratio | 421.26 | 35.19 | 34.53 | 30.31 | 28.76 | 32.82 |
Forward PE | 29.48 | 27.40 | 29.42 | 28.27 | 27.80 | 32.40 |
P/FCF Ratio | 159.15 | 41.89 | 35.55 | 44.02 | 46.71 | 38.81 |
PS Ratio | 8.25 | 7.14 | 7.45 | 6.58 | 6.85 | 8.16 |