Waters Corporation

Waters Corporation

WATยทNYSE

$379.77

+2.1%
HealthcareMedical - Diagnostics & Research

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.

At a Glance

Live Snapshot
Market Cap$24.75B
EPS10.8000
P/E Ratio35.16
Earnings Date08/03/2026
3Y+7.0%
5Y+34.0%
10Y+46.0%
3Y-9.0%
5Y+23.0%
10Y+23.0%
3Y+7.0%
5Y-17.0%
10Y+4.0%
Waters Corporation

Waters Corporation Profit Bridge

WAT ยท NYSE
Revenue3.17B
Cost of Goods Sold (1.34B)
Gross Profit1.83B
Operating Expenses (935.45M)
Operating Income893.22M
Interest Expense (50.77M)
Other Income/Expense-138.34M
Pretax Income754.88M
Income Tax (112.25M)
Net Income642.63M
Net Income
642.63M

Profitability Analysis

Gross Margin

57.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

28.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

20.3%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

14.9%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Waters Corporation Income Statement

WAT โ€ข NYSE

Waters Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
3.2B
3B
3B
3B
2.8B
2.4B
2.4B
2.4B
2.3B
2.2B
2B
2B
1.9B
1.8B
1.9B
1.6B
1.5B
1.6B
1.5B
1.3B
GROSS PROFIT
(1.3B)
(1.2B)
(1.2B)
(1.2B)
(1.2B)
(1B)
(1B)
(992.6M)
(947.1M)
(891.5M)
(842.7M)
(824.9M)
(783.5M)
(737.6M)
(730.5M)
(653.3M)
(594.9M)
(661.3M)
(631.1M)
(536.2M)
1.8B
1.8B
1.8B
1.7B
1.6B
1.4B
1.4B
1.4B
1.4B
1.3B
1.2B
1.2B
1.1B
1.1B
1.1B
990.1M
903.8M
913.9M
841.9M
744M
OPERATING INCOME
(935.5M)
(931.8M)
(943.5M)
(850.4M)
(807.6M)
(713.2M)
(687.4M)
(687.6M)
(699.8M)
(650.9M)
(632.2M)
(646.5M)
(603.4M)
(594.5M)
(592.1M)
(540.1M)
(509.2M)
(524.1M)
(493M)
(448.9M)
(740.3M)
(690.1M)
(736M)
(658M)
(627M)
(553.7M)
(534.8M)
(536.9M)
(544.4M)
(512.3M)
(495.7M)
(512.7M)
(493M)
(477.3M)
(490M)
(445.5M)
(421.4M)
(433.2M)
(403.7M)
(357.7M)
(195.2M)
(183M)
(174.9M)
(176.2M)
(168.4M)
(140.8M)
(143M)
(143.4M)
(132.6M)
(125.2M)
(118.5M)
(107.7M)
(100.5M)
(96M)
(92.3M)
(84.3M)
(77.2M)
(81.6M)
(80.6M)
(77.3M)
893.2M
826.4M
817.7M
873.4M
821.7M
645.5M
708.5M
739.8M
662.2M
625M
567.5M
517.9M
517.3M
511.5M
528.6M
449.9M
394.6M
389.8M
348.9M
295.2M
PRE-TAX INCOME
(50.8M)
(89.7M)
(98.9M)
(48.8M)
(44.9M)
(49.1M)
(48.7M)
(48.6M)
(56.8M)
(44.9M)
(36.2M)
(34.2M)
(30.1M)
(28.1M)
(22M)
(13.9M)
(11M)
(38.5M)
(0.0)
(0.0)
-50.8M
-72.3M
-82.2M
-37.8M
-32.7M
-32.8M
-26.6M
-9.8M
-20.8M
-24.2M
-25.5M
-27.2M
-25.7M
-23.9M
-19.3M
-12.1M
-8M
-17.6M
0.0
0.0
(0.0)
(58.7M)
(32.6M)
(16.2M)
(12.3M)
(18.7M)
(9.7M)
(7.3M)
(22.9M)
(13.4M)
(17.9M)
(26.1M)
(9.9M)
(21.3M)
(9.7M)
(10.4M)
(10.7M)
(9.3M)
(8.7M)
(13.9M)
-138.3M
-71.5M
-81.4M
-35.5M
-15.5M
-34.6M
-30.2M
-57.6M
-21.1M
-24.9M
-25.5M
-27.2M
-27.2M
-23.9M
-19.3M
-12.1M
-8M
-17.6M
-25.7M
-36.8M
754.9M
754.9M
736.2M
837.8M
806.2M
610.9M
678.2M
682.1M
641.1M
600.1M
541.9M
490.7M
490.1M
487.6M
509.3M
437.9M
386.7M
372.2M
323.2M
263M
NET INCOME
(112.2M)
(117M)
(94M)
(130.1M)
(113.4M)
(89.3M)
(86M)
(88.4M)
(620.8M)
(78.6M)
(72.9M)
(59.1M)
(40.1M)
(26.2M)
(76.3M)
(56.1M)
(63.3M)
(49.7M)
(55.1M)
(40.8M)
642.6M
637.8M
642.2M
707.8M
692.8M
521.6M
592.2M
593.8M
20.3M
521.5M
469.1M
431.6M
450M
461.4M
433M
381.8M
323.3M
322.5M
268.1M
222.2M

SEC Filings

WAT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 22, 2026
May 21, 2026
2026
10-Q

10-Q 2026 Q2

Q2

May 12, 2026
April 04, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 09, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 16, 2026
2026
10-K

10-K 2025 FY

FY

February 23, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 09, 2026
February 09, 2026
2026
8-K

8-K 2026

N/A

February 09, 2026
February 09, 2026
2026
8-K

8-K 2026

N/A

January 27, 2026
January 27, 2026
2026
Showing 1 to 10 of 369 filings