WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31

WATERS CORP /DE/

Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 11, 2026

$434.27−2.68 (-0.61%)

Close on Oct 19, 2026

Market cap: $42.65T
P/E (TTM): 108.3
Dividend yield: –

WATERS CORP /DE/ income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Revenue	3,165	2,958	2,956	2,972	2,786	2,365	2,407	2,420	2,309	2,167	2,042	1,989	1,904	1,844	1,851	1,643	1,499	1,575	1,473
Cost of Revenue	1,289	1,200	1,195	1,248	1,157	1,007	1,011	993	947	891	566	549	783	738	730	653	595	661	631
Gross Profit	1,876	1,758	1,761	1,724	1,629	1,359	1,396	1,427	1,362	1,276	1,200	1,164	1,121	1,106	1,121	990	904	914	842
Research & Development	196	183	175	176	168	141	143	143	133	125	119	108	101	96	92	84	77	82	81
Selling, General & Admin	830	690	736	658	627	554	535	537	544	512	496	513	493	477	490	445	421	427	404
Advertising Expenses	–	6.00	7.00	7.00	7.00	6.00	6.00	7.00	6.00	11	11	12	11	13	11	10	10	9.00	–
Total Costs & Expenses	2,363	2,132	2,139	2,099	1,964	1,720	1,698	1,680	1,647	1,542	1,475	1,471	–	–	–	–	–	–	–
Operating Income	803	826	818	873	822	645	708	740	662	625	567	518	517	511	529	450	395	390	349
Interest Expense	70	90	99	49	45	49	49	49	57	45	36	34	30	28	22	14	11	39	-57
Interest & Investment Income	19	17	17	11	12	16	22	39	36	21	11	7.02	4.39	4.21	2.62	1.86	3.04	21	31
Other Non-Operating Income	3.06	0.78	0.81	2.23	17	-1.78	-3.59	-48	-0.34	-0.70	–	–	–	–	–	–	–	–	–
Merger & Restructuring Charges	–	–	8.00	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	–	0	0	6.95	0	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	–	-1.58	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	1.50	1.38	1.00	–	–	–	–	–	–	–
Legal Settlements	0	-12	0	0	-5.17	-1.18	0	0.43	-11	-3.52	-3.94	–	–	-7.43	–	–	–	-6.53	–
Pretax Income	755	755	736	838	806	611	678	682	641	600	542	491	490	488	509	438	387	372	323
Income Tax Expense	112	117	94	130	113	89	86	88	621	79	73	59	40	26	76	56	63	50	55
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	–	450	461	433	382	323	322	–
Net Income incl. Noncontrolling Interests	643	638	642	708	693	522	592	594	20	522	–	–	–	–	–	–	323	322	268
Net Income	643	638	642	708	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	643	638	642	708	693	522	592	594	20	522	469	432	450	461	–	–	–	–	–
EPS (Basic)(per 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
EPS (Diluted)(per 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
Shares Outstanding (Basic, Weighted)(shares)	60	59	59	60	62	62	68	77	80	81	82	84	85	88	91	92	96	99	101
Shares Outstanding (Diluted, Weighted)(shares)	60	60	59	60	62	62	68	78	81	81	83	85	87	89	92	94	97	101	103
Net Interest Income	-48	-71	-81	-36	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jul 4, 2026

Profitability, TTM

Gross margin: 40.4%
Operating margin: 7.1%
Net margin: 3.6%
Return on equity, FY2025: 29.3%

Financial strength

Current ratio: 1.86
Debt to equity: 0.32
Debt to assets: 19.7%
Cash to current liabilities: 22.5%

Valuation

P/E ratio: 108.3
Price to sales: 9182.77
Price to book: 2806.65
Dividend yield: –