WAT · Waters Corp /De/
Market Cap
$40.63B
Shares
98.25M
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$3.17B
+7%
FY2025
Net Income
$642.63M
+0.8%
FY2025
Gross Margin
58.74%
+0.2pp
FY2015
Operating Margin
25.36%
-2.6pp
FY2025
Diluted EPS
$10.76
+0.5%
FY2025
Operating Cash Flow
$652.56M
-14.4%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $4.64B | $3.17B | $2.96B | $2.96B | $2.97B | $2.79B | $2.37B | $2.41B | $2.42B | $2.31B | $2.17B | $2.04B | $1.99B | $1.9B | $1.84B | $1.85B | $1.64B | $1.5B | $1.58B | $1.47B | |
| — | -$47.71M | -$71.49M | -$81.43M | -$35.55M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $1.29B | $1.2B | $1.2B | $1.25B | $1.16B | $1.01B | $1.01B | $992.56M | $947.07M | $891.45M | $842.67M | $824.91M | $783.46M | $737.61M | $730.49M | $653.3M | $594.88M | $661.27M | $631.12M | |
| $1.23B | — | — | — | — | — | — | — | — | — | — | $1.2B | $1.16B | $1.12B | $1.11B | $1.12B | $990.07M | $903.82M | $913.86M | $841.93M | |
| — | — | — | — | — | — | — | — | — | — | — | 58.74% | 58.53% | 58.86% | 59.99% | 60.54% | 60.25% | 60.31% | 58.02% | 57.16% | |
| $318.54M | $195.71M | $183.03M | $174.95M | $176.19M | $168.36M | $140.78M | $142.96M | $143.4M | $132.59M | $125.19M | $118.55M | $107.73M | $100.54M | $96M | $92.35M | $84.27M | $77.15M | $81.59M | $80.65M | |
| $1.25B | $830.37M | $690.15M | $736.01M | $658.03M | $626.97M | $553.7M | $534.79M | $536.9M | $544.36M | $512.33M | $495.75M | $512.71M | $492.97M | $477.27M | $490.01M | $445.46M | $421.4M | $426.7M | $403.7M | |
| $498M | $118M | $105M | $81M | $58M | $60M | $57M | — | — | — | — | — | $47.84M | $41.53M | $31.41M | $29.86M | $28.14M | $25.47M | $36.2M | $25.85M | |
| — | — | — | $8M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | $5M | — | — | — | — | — | — | — | |
| $4.31B | $2.36B | $2.13B | $2.14B | $2.1B | $1.96B | $1.72B | $1.7B | $1.68B | $1.65B | $1.54B | $1.47B | $1.47B | — | — | — | — | — | — | — | |
| $329.63M | $802.59M | $826.35M | $817.68M | $873.4M | $821.71M | $645.49M | $708.46M | $739.77M | $662.2M | $625.04M | $567.45M | $517.91M | $517.34M | $511.49M | $528.6M | $449.93M | $394.6M | $389.75M | $348.88M | |
| — | 25.36% | 27.93% | 27.66% | 29.39% | 29.5% | 27.29% | 29.44% | 30.57% | 28.68% | 28.84% | 27.78% | 26.03% | 27.17% | 27.74% | 28.55% | 27.38% | 26.33% | 24.74% | 23.68% | |
| $148.92M | $69.55M | $89.68M | $98.86M | $48.8M | $44.94M | $49.07M | $48.69M | $48.64M | $56.84M | $44.91M | $36.24M | $34.19M | $30.05M | $28.07M | $21.97M | $13.92M | $10.99M | $38.52M | -$56.52M | |
| $21.38M | $18.78M | $17.42M | $16.62M | $11.02M | $12.22M | $16.27M | $22.06M | $38.81M | $36.08M | $20.69M | $10.71M | $7.02M | $4.39M | $4.21M | $2.62M | $1.86M | $3.04M | $20.96M | $30.83M | |
| $3.21M | $3.06M | $776K | $807K | $2.23M | $17.2M | -$1.78M | -$3.59M | -$47.79M | -$340K | -$700K | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | -$1.58M | — | — | — | — | — | — | |
| $205.3M | $754.88M | $754.87M | $736.24M | $837.85M | $806.19M | $610.91M | $678.24M | $682.15M | $641.1M | $600.11M | $541.92M | $490.74M | $490.11M | $487.63M | $509.25M | $437.86M | $386.65M | $372.19M | $323.19M | |
| $39.16M | $112.25M | $117.03M | $94.01M | $130.09M | $113.35M | $89.34M | $86.04M | $88.35M | $620.79M | $78.61M | $72.87M | $59.12M | $40.1M | $26.18M | $76.28M | $56.1M | $63.34M | $49.71M | $55.12M | |
| $166.63M | $642.63M | $637.83M | $642.23M | $707.76M | $692.84M | $521.57M | $592.2M | $593.79M | $20.31M | $521.5M | — | — | — | — | — | — | $323.31M | $322.48M | $268.07M | |
| — | 20.3% | 21.56% | 21.72% | 23.81% | 24.87% | 22.05% | 24.61% | 24.54% | 0.88% | 24.06% | — | — | — | — | — | — | 21.57% | 20.47% | 18.2% | |
| — | $642.63M | $637.83M | $642.23M | $707.76M | $692.84M | $521.57M | $592.2M | $593.79M | $20.31M | $521.5M | $469.05M | $431.62M | $450M | $461.44M | — | — | — | — | — | |
| $116.46M | $672.46M | $616.67M | $649.69M | $678.05M | $698.92M | $523.1M | $590.7M | $585.89M | $126.52M | $451.95M | — | — | — | — | — | — | — | — | — | |
| USD/shares | $4.02 | $10.80 | $10.75 | $10.87 | $11.80 | $11.25 | $8.40 | $8.76 | $7.71 | $0.25 | $6.46 | $5.70 | $5.12 | $5.27 | — | — | — | $3.37 | $3.25 | $2.67 |
| USD/shares | $4.01 | $10.76 | $10.71 | $10.84 | $11.73 | $11.17 | $8.36 | $8.69 | $7.65 | $0.25 | $6.41 | $5.65 | $5.07 | $5.20 | — | — | — | $3.34 | $3.21 | $2.62 |
| shares | — | 59.51M | 59.33M | 59.08M | 59.99M | 61.58M | 62.09M | 67.63M | 76.99M | 79.79M | 80.79M | 82.34M | 84.36M | 85.43M | 87.84M | 90.83M | 92.39M | 95.8M | 99.2M | 100.5M |
| shares | — | 59.71M | 59.55M | 59.27M | 60.33M | 62.03M | 62.41M | 68.17M | 77.62M | 80.6M | 81.42M | 83.09M | 85.15M | 86.55M | 88.98M | 92.33M | 94.06M | 96.86M | 100.56M | 102.51M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $8.6B in buybacks.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Coverage backlog: 43 eligible filings and 0 covenant artifacts have no current-version terminal extraction result. This includes untouched sources and sources on the retry ladder.
No terminal debt extraction result is available yet; this is not evidence that the company has no debt.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
9.73×
Peer median 6.36×
EV/EBIT
137.06×
Peer median 32.79×
P/E (TTM)
—
Peer median 33.39×
Peer medians compare against the 19 similar-size Diagnostics & Research companies (of 46 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $965,782,000 | $933,926,000 | $927,982,000 | $886,140,000 | $774,014,000 | $678,313,000 | $692,277,000 | $683,596,000 |
| Europe | $963,376,000 | $873,385,000 | $840,018,000 | $784,578,000 | $784,889,000 | $668,346,000 | $637,243,000 | $662,461,000 |
| Asia Other | $602,929,000 | $572,623,000 | $567,118,000 | $399,380,000 | $372,040,000 | $315,010,000 | $318,848,000 | $305,613,000 |
| China | $437,468,000 | $396,599,000 | $440,707,000 | $565,143,000 | $521,128,000 | $404,352,000 | $439,557,000 | $443,321,000 |
| Americas Other | $195,731,000 | $181,854,000 | $180,591,000 | $169,495,000 | $151,206,000 | $119,529,000 | $137,964,000 | $151,581,000 |
| Japan | — | $157,321,000 | $167,202,000 | $167,220,000 | $182,597,000 | $179,815,000 | $180,707,000 | $173,357,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Waters Instrument Systems | $1,101,826,000 | $1,032,493,000 | $1,108,702,000 | $1,210,456,000 | $1,089,248,000 | $890,855,000 | $963,871,000 | $1,000,625,000 |
| Waters Service | $1,080,162,000 | $1,006,447,000 | $951,419,000 | $890,607,000 | $876,626,000 | $794,189,000 | $761,594,000 | $738,433,000 |
| Chemistry Consumables | $631,458,000 | $565,481,000 | $541,469,000 | $525,399,000 | $507,209,000 | $432,080,000 | $412,018,000 | $400,287,000 |
| Ta Instrument Systems | $243,816,000 | $246,202,000 | $252,879,000 | $252,314,000 | $225,613,000 | $174,398,000 | $191,300,000 | $204,081,000 |
| Ta Service | $108,024,000 | $107,764,000 | $101,947,000 | $93,180,000 | $87,178,000 | $73,843,000 | $77,813,000 | $76,503,000 |
Key facts
CIK
1000697
CUSIP
941848103
13F (30d)
676 filings
633 filers
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