Waters Corporation (WAT)
NYSE: WAT · Real-Time Price · USD
374.74
-2.57 (-0.68%)
At close: Aug 3, 2026, 4:00 PM EDT
380.00
+5.26 (1.40%)
After-hours: Aug 3, 2026, 7:48 PM EDT
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 | 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 |
Revenue Revenue Growth | 3,771 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 |
Revenue Growth | 26.38% | 6.99% | 0.07% | -0.52% | 6.68% | 17.78% |
Gross Profit Gross Profit Growth | 3,408 | 1,876 | 1,758 | 1,761 | 1,724 | 1,629 |
Operating Income Operating Income Growth | 603.84 | 802.59 | 826.35 | 817.68 | 873.4 | 821.71 |
Net Income Net Income Growth | 449.25 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Earnings Per Share EPS Growth | 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% |
| 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 |
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 | 1,037 | 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 | 3,771 | 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 | 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 |
Cash & Investments Cash & Investments Growth | 462 | 587.83 | 325.36 | 395.97 | 481.39 | 569.29 |
Total Debt Total Debt Growth | 5,570 | 1,491 | 1,702 | 2,442 | 1,663 | 1,601 |
Net Cash (Debt) Net Cash Growth | -5,108 | -903.25 | -1,377 | -2,046 | -1,182 | -1,032 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -78.23 | -15.13 | -23.12 | -34.52 | -19.59 | -16.64 |
| 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 |
Operating Cash Flow Operating Cash Flow Growth | 389.56 | 652.56 | 762.12 | 602.81 | 611.66 | 747.27 |
Capital Expenditures CapEx Growth | -125.75 | -112.75 | -142.48 | -160.63 | -175.92 | -161.27 |
Free Cash Flow Free Cash Flow Growth | 263.81 | 539.81 | 619.64 | 442.18 | 435.74 | 586.01 |
Free Cash Flow Growth | -57.41% | -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 | 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 |
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% |
Pretax Margin | 13.90% | 23.85% | 25.52% | 24.90% | 28.19% | 28.94% |
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% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 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 |
PE Ratio | 54.79 | 35.30 | 34.64 | 30.37 | 29.21 | 33.36 |
Forward PE | 25.13 | 27.40 | 29.42 | 28.27 | 27.80 | 32.40 |
P/FCF Ratio | 140.22 | 41.90 | 35.56 | 44.06 | 46.46 | 38.61 |
PS Ratio | 9.81 | 7.15 | 7.45 | 6.59 | 6.81 | 8.12 |