Revenue
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Waters Corp (WAT)
Price$421.63Cached quote
Net income
2007
2008
2009
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2014
2015
2017
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.17B | $2.96B | $2.96B | $2.97B | $2.79B | $2.37B | $2.41B | $2.42B | $2.31B | $2.17B | $2.04B | $1.99B | $1.90B | $1.84B | $1.85B | $1.64B | $1.50B | $1.58B | $1.47B |
| Gross profit | $1.88B | $1.76B | $1.76B | $1.72B | $1.63B | $1.36B | $1.40B | $1.43B | $1.36B | $1.28B | $1.20B | $1.16B | $1.12B | $1.11B | $1.12B | $990.1M | $903.8M | $913.9M | $841.9M |
| Gross margin | 59.28% | 59.43% | 59.57% | 58.00% | 58.49% | 57.44% | 58.00% | 58.98% | 58.99% | 58.87% | 58.74% | 58.53% | 58.86% | 59.99% | 60.54% | 60.25% | 60.31% | 58.02% | 57.16% |
| Research & development | $195.7M | $183.0M | $174.9M | $176.2M | $168.4M | $140.8M | $143.0M | $143.4M | $132.6M | $125.2M | $118.5M | $107.7M | $100.5M | $96.0M | $92.3M | $84.3M | $77.2M | $81.6M | $80.6M |
| Operating expenses | $2.36B | $2.13B | $2.14B | $2.10B | $1.96B | $1.72B | $1.70B | $1.68B | $1.65B | $1.54B | $1.47B | $1.47B | $603.4M | $594.5M | $592.1M | $540.1M | $509.2M | $524.1M | $493.0M |
| Operating income | $802.6M | $826.4M | $817.7M | $873.4M | $821.7M | $645.5M | $708.5M | $739.8M | $662.2M | $625.0M | $567.5M | $517.9M | $517.3M | $511.5M | $528.6M | $449.9M | $394.6M | $389.8M | $348.9M |
| Operating margin | 25.36% | 27.93% | 27.66% | 29.39% | 29.50% | 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% |
| EBITDA | $1.01B | $1.02B | $983.3M | $1.00B | $953.3M | $771.2M | $762.3M | $797.7M | $723.6M | $676.7M | $612.7M | $612.1M | $597.0M | $580.3M | $595.0M | $512.5M | $451.9M | $455.0M | $402.2M |
| EBITDA margin | 31.87% | 34.42% | 33.26% | 33.76% | 34.22% | 32.60% | 31.68% | 32.96% | 31.34% | 31.22% | 30.00% | 30.77% | 31.35% | 31.48% | 32.14% | 31.19% | 30.15% | 28.89% | 27.30% |
| Net income | $642.6M | $637.8M | $642.2M | $707.8M | $692.8M | $521.6M | $592.2M | $593.8M | $20.3M | $521.5M | — | — | — | — | — | — | $323.3M | $322.5M | $268.1M |
| Net profit margin | 20.30% | 21.56% | 21.72% | 23.81% | 24.87% | 22.05% | 24.61% | 24.54% | 0.88% | 24.06% | — | — | — | — | — | — | 21.57% | 20.47% | 18.20% |
| Basic EPSper basic share | $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 |
| Diluted EPSper diluted share | $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 |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
BlackRock, Inc. | 8.48M |
VANGUARD CAPITAL MANAGEMENT LLC | 6.42M |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.74M |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 4.63M |
STATE STREET CORP | 4.38M |
T. Rowe Price Investment Management, Inc. | 3.82M |
Invesco Ltd. | 3.49M |
ALLIANCEBERNSTEIN L.P. | 2.69M |
First Eagle Investment Management, LLC | 2.67M |
GEODE CAPITAL MANAGEMENT, LLC | 2.64M |
Fundsmith LLP | 2.27M |
PRICE T ROWE ASSOCIATES INC /MD/ | 2.18M |
JPMORGAN CHASE & CO | 2.16M |
Jupiter Topco LLC | 1.66M |
VIKING GLOBAL INVESTORS LP | 1.66M |
WELLINGTON MANAGEMENT GROUP LLP | 1.37M |
SCHRODER INVESTMENT MANAGEMENT GROUP | 1.26M |
Mawer Investment Management Ltd. | 1.22M |
PRINCIPAL FINANCIAL GROUP INC | 1.11M |
MORGAN STANLEY | 1.1M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Mar 16, 2026Form 4 | Jiang WeiDirector | BuyCommon Stock | 500 | $289.46 | $144.7K | 3.4K |
| Mar 6, 2026Form 4 | FEARON RICHARD HDirector | BuyCommon Stock | 1.0K | $306.34 | $306.3K | 3.3K |