WAT
Waters Corporation
Stock
$425.21−0.32 (−0.08%)Close Oct 2, 2026
Income statement
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | $3.0B | $3.0B | $3.0B | $2.8B | $2.4B | $2.4B | $2.4B | $2.3B | $2.2B | $2.0B | $2.0B | $1.9B | $1.8B | $1.5B | $1.6B | $1.5B |
| Cost of revenue | $1.3B | $1.2B | $1.2B | $1.2B | $1.2B | $1.0B | $1.0B | $993M | $947M | $891M | $843M | $825M | $783M | $738M | $595M | $661M | $631M |
| Gross profit | $1.9B | $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 | $904M | $914M | $842M |
| R&D | $196M | $183M | $175M | $176M | $168M | $141M | $143M | $143M | $133M | $125M | $119M | $108M | $101M | $96M | $77M | $82M | $81M |
| SG&A | $830M | $690M | $736M | $658M | $627M | $554M | $535M | $537M | $544M | $512M | $496M | $513M | $493M | $477M | $421M | $427M | $404M |
| Other operating expenses | $48M | $59M | $33M | $16M | $12M | $19M | $9.7M | $7.3M | $23M | $13M | $18M | $26M | $9.9M | $21M | $11M | $16M | $8.7M |
| Operating income | $803M | $826M | $818M | $873M | $822M | $645M | $708M | $740M | $662M | $625M | $567M | $518M | $517M | $511M | $395M | $390M | $349M |
| Non-operating income | −$48M | −$71M | −$81M | −$36M | −$16M | −$35M | −$30M | −$58M | −$21M | −$25M | −$26M | −$27M | −$27M | −$24M | −$8.0M | −$18M | −$26M |
| Pretax income | $755M | $755M | $736M | $838M | $806M | $611M | $678M | $682M | $641M | $600M | $542M | $491M | $490M | $488M | $387M | $372M | $323M |
| Taxes | $112M | $117M | $94M | $130M | $113M | $89M | $86M | $88M | $621M | $79M | $73M | $59M | $40M | $26M | $63M | $50M | $55M |
| Net income | $643M | $638M | $642M | $708M | $693M | $522M | $592M | $594M | $20M | $522M | $469M | $432M | $450M | $461M | $323M | $322M | $268M |
| Diluted EPS | $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 |
| Diluted shares | 59.7M | 59.6M | 59.3M | 60.3M | 62.0M | 62.4M | 68.2M | 77.6M | 80.6M | 81.4M | 83.1M | 85.2M | 86.5M | 89.0M | 96.9M | 100.6M | 102.5M |
| Revenue growth | +7.0% | +0.1% | −0.5% | +6.7% | +17.8% | −1.7% | −0.6% | +4.8% | +6.5% | +6.1% | +2.7% | +4.5% | +3.3% | — | −4.9% | +6.9% | — |
| Gross margin | 59.3% | 59.4% | 59.6% | 58.0% | 58.5% | 57.4% | 58.0% | 59.0% | 59.0% | 58.9% | 58.7% | 58.5% | 58.9% | 60.0% | 60.3% | 58.0% | 57.2% |
| Operating margin | 25.4% | 27.9% | 27.7% | 29.4% | 29.5% | 27.3% | 29.4% | 30.6% | 28.7% | 28.8% | 27.8% | 26.0% | 27.2% | 27.7% | 26.3% | 24.7% | 23.7% |
| Net margin | 20.3% | 21.6% | 21.7% | 23.8% | 24.9% | 22.1% | 24.6% | 24.5% | 0.9% | 24.1% | 23.0% | 21.7% | 23.6% | 25.0% | 21.6% | 20.5% | 18.2% |