Waters Corporation (WAT)
NYSE: WAT · Real-Time Price · USD
410.70
+6.01 (1.49%)
Aug 21, 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 | Jul '26 Jul 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 |
| 4,644 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 | |
Revenue Growth | 52.47% | 6.99% | 0.07% | -0.52% | 6.68% | 17.78% |
Cost of Revenue | 2,028 | 1,289 | 1,200 | 1,195 | 1,248 | 1,157 |
Gross Profit | 2,616 | 1,876 | 1,758 | 1,761 | 1,724 | 1,629 |
Selling, General & Admin | 1,041 | 745.15 | 672.54 | 691.34 | 657.56 | 627.1 |
Research & Development | 316.71 | 195.71 | 183.03 | 174.95 | 176.19 | 168.36 |
Amortization of Goodwill & Intangibles | 419.79 | 47.79 | 47.09 | 32.56 | 6.37 | 7.14 |
Operating Expenses | 1,778 | 988.65 | 902.66 | 898.85 | 840.11 | 802.6 |
Operating Income | 838.81 | 887.81 | 855.53 | 862.35 | 883.66 | 826.75 |
Interest Expense | -149.55 | -69.55 | -89.68 | -98.86 | -48.8 | -44.94 |
Interest & Investment Income | 22.78 | 18.78 | 17.42 | 16.62 | 11.02 | 12.22 |
Other Non Operating Income (Expenses) | 0.84 | 2.84 | 1.17 | 1.14 | 0.76 | -2.67 |
EBT Excluding Unusual Items | 712.88 | 839.88 | 784.44 | 781.24 | 846.64 | 791.36 |
Merger & Restructuring Charges | -507 | -85 | -18 | -45 | - | - |
Gain (Loss) on Sale of Investments | - | - | - | - | 1 | 10 |
Legal Settlements | - | - | -11.57 | - | - | 4.84 |
Pretax Income | 205.88 | 754.88 | 754.87 | 736.24 | 837.85 | 806.19 |
Income Tax Expense | 39.25 | 112.25 | 117.03 | 94.01 | 130.09 | 113.35 |
Net Income | 166.63 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Net Income to Common | 166.63 | 642.63 | 637.83 | 642.23 | 707.76 | 692.84 |
Net Income Growth | -74.79% | 0.75% | -0.69% | -9.26% | 2.15% | 32.84% |
Shares Outstanding (Basic) | 75 | 60 | 59 | 59 | 60 | 62 |
Shares Outstanding (Diluted) | 75 | 60 | 60 | 59 | 60 | 62 |
Shares Change | 25.49% | 0.26% | 0.48% | -1.76% | -2.74% | -0.62% |
EPS (Basic) | 2.23 | 10.80 | 10.75 | 10.87 | 11.80 | 11.25 |
EPS (Diluted) | 2.21 | 10.76 | 10.71 | 10.84 | 11.73 | 11.17 |
EPS Growth | -80.02% | 0.47% | -1.20% | -7.59% | 5.01% | 33.61% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 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 |
Free Cash Flow | 398.81 | 539.81 | 619.64 | 442.18 | 435.74 | 586.01 |
Free Cash Flow Per Share | 5.33 | 9.04 | 10.40 | 7.46 | 7.22 | 9.45 |
Gross Margin | 56.34% | 59.28% | 59.43% | 59.57% | 58.00% | 58.49% |
Operating Margin | 18.06% | 28.05% | 28.92% | 29.17% | 29.73% | 29.68% |
Profit Margin | 3.59% | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% |
Free Cash Flow Margin | 8.59% | 17.05% | 20.95% | 14.96% | 14.66% | 21.04% |
EBITDA | 1,452 | 1,094 | 1,047 | 1,028 | 1,014 | 958.43 |
EBITDA Margin | 31.26% | 34.56% | 35.40% | 34.78% | 34.12% | 34.40% |
D&A For EBITDA | 613.24 | 206.24 | 191.83 | 165.91 | 130.42 | 131.68 |
EBIT | 838.81 | 887.81 | 855.53 | 862.35 | 883.66 | 826.75 |
EBIT Margin | 18.06% | 28.05% | 28.92% | 29.17% | 29.73% | 29.68% |
Effective Tax Rate | 19.06% | 14.87% | 15.50% | 12.77% | 15.53% | 14.06% |
Revenue as Reported | 4,644 | 3,165 | 2,958 | 2,956 | 2,972 | 2,786 |
Advertising Expenses | - | - | - | - | 7 | 7 |