Waters Corp (WAT) stock
WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Oct 3, 2026Last filing: 10-Q on Nov 10, 2026Score 8/30770% above fair value
$460.25−1.95 (-0.42%)
Close on Nov 13, 2026Market cap $45.22BP/E 197.5Yield –
Waters gross margin
Gross margin is gross profit as a percentage of revenue.
Waters's gross margin for the twelve months ending Dec 31, 2025 was 59.3%. For fiscal 2025 it was 59.3%, against 59.4% the year before. The highest annual figure on record is 60.5% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 59.3% | −0.1 |
| FY2024 | Dec 31, 2024 | 59.4% | −0.1 |
| FY2023 | Dec 31, 2023 | 59.6% | +1.6 |
| FY2022 | Dec 31, 2022 | 58.0% | −0.5 |
| FY2021 | Dec 31, 2021 | 58.5% | +1.0 |
| FY2020 | Dec 31, 2020 | 57.4% | −0.6 |
| FY2019 | Dec 31, 2019 | 58.0% | −1.0 |
| FY2018 | Dec 31, 2018 | 59.0% | −0.0 |
| FY2017 | Dec 31, 2017 | 59.0% | +0.1 |
| FY2016 | Dec 31, 2016 | 58.9% | +0.1 |
| FY2015 | Dec 31, 2015 | 58.7% | +0.2 |
| FY2014 | Dec 31, 2014 | 58.5% | −0.3 |
| FY2013 | Dec 31, 2013 | 58.9% | −1.1 |
| FY2012 | Dec 31, 2012 | 60.0% | −0.5 |
| FY2011 | Dec 31, 2011 | 60.5% | +0.3 |
| FY2010 | Dec 31, 2010 | 60.2% | −0.1 |
| FY2009 | Dec 31, 2009 | 60.3% | +2.3 |
| FY2008 | Dec 31, 2008 | 58.0% | +0.9 |
| FY2007 | Dec 31, 2007 | 57.2% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q4 FY2025 | Dec 31, 2025 | 61.1% | +1.0 |
| Q3 FY2025 | Sep 27, 2025 | 59.0% | −0.2 |
| Q2 FY2025 | Jun 28, 2025 | 58.3% | −1.0 |
| Q1 FY2025 | Mar 29, 2025 | 58.2% | −0.7 |
| Q4 FY2024 | Dec 31, 2024 | 60.1% | −1.1 |
| Q3 FY2024 | Sep 28, 2024 | 59.3% | +0.2 |
| Q2 FY2024 | Jun 29, 2024 | 59.3% | −0.0 |
| Q1 FY2024 | Mar 30, 2024 | 58.9% | +0.4 |
| Q4 FY2023 | Dec 31, 2023 | 61.2% | +1.7 |
| Q3 FY2023 | Sep 30, 2023 | 59.1% | +2.4 |
| Q2 FY2023 | Jul 1, 2023 | 59.3% | +2.4 |
| Q1 FY2023 | Apr 1, 2023 | 58.5% | −0.2 |
| Q4 FY2022 | Dec 31, 2022 | 59.4% | +1.4 |
| Q3 FY2022 | Oct 1, 2022 | 56.7% | −2.2 |
| Q2 FY2022 | Jul 2, 2022 | 57.0% | −1.9 |
| Q1 FY2022 | Apr 2, 2022 | 58.6% | +0.4 |
| Q4 FY2021 | Dec 31, 2021 | 58.0% | −1.2 |
| Q3 FY2021 | Oct 2, 2021 | 58.9% | +3.1 |
| Q2 FY2021 | Jul 3, 2021 | 58.9% | −0.1 |
| Q1 FY2021 | Apr 3, 2021 | 58.2% | +3.5 |
| Q4 FY2020 | Dec 31, 2020 | 59.2% | +1.0 |
| Q3 FY2020 | Sep 26, 2020 | 55.8% | −2.4 |
| Q2 FY2020 | Jun 27, 2020 | 59.0% | +0.7 |
| Q1 FY2020 | Mar 28, 2020 | 54.7% | −2.3 |
| Q4 FY2019 | Dec 31, 2019 | 58.2% | −1.6 |
| Q3 FY2019 | Sep 28, 2019 | 58.2% | −0.0 |
| Q2 FY2019 | Jun 29, 2019 | 58.4% | −0.9 |
| Q1 FY2019 | Mar 30, 2019 | 57.0% | −1.3 |
| Q4 FY2018 | Dec 31, 2018 | 59.9% | −0.8 |
| Q3 FY2018 | Sep 29, 2018 | 58.3% | −0.0 |
| Q2 FY2018 | Jun 30, 2018 | 59.2% | +0.4 |
| Q1 FY2018 | Mar 31, 2018 | 58.3% | +0.7 |
| Q4 FY2017 | Dec 31, 2017 | 60.6% | +0.7 |
| Q3 FY2017 | Sep 30, 2017 | 58.3% | – |
| Q2 FY2017 | Jul 1, 2017 | 58.9% | – |
| Q1 FY2017 | Apr 1, 2017 | 57.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 60.0% | – |
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