Waters Corporation
WAT · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 2.97B | 1.72B | 873.40M | 707.76M | 11.80 |
| 2023 FY | 2.96B | 1.76B | 817.68M | 642.23M | 10.87 |
| 2024 FY | 2.96B | 1.76B | 826.35M | 637.83M | 10.75 |
| 2025 FY | 3.17B | 1.83B | 893.22M | 642.63M | 10.80 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 3.28B | 2.78B | 480.53M | 1.66B | 504.49M |
| 2023 FY | 4.63B | 3.48B | 395.08M | 2.44B | 1.15B |
| 2024 FY | 4.55B | 2.73B | 324.42M | 1.70B | 1.83B |
| 2025 FY | 5.08B | 2.52B | 587.83M | 1.49B | 2.56B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 611.66M | -183.46M | 428.21M | — | -20.71M |
| 2023 FY | 602.81M | -160.63M | 442.18M | — | -85.45M |
| 2024 FY | 762.12M | -142.48M | 619.64M | — | -70.66M |
| 2025 FY | 652.56M | -112.75M | 539.81M | — | 262.48M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 20.55B | 21.73B | — | — | — |
| 2023 FY | 19.45B | 21.50B | — | — | — |
| 2024 FY | 22.01B | 23.39B | — | — | — |
| 2025 FY | 22.60B | 23.51B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 771.33M | 449.93M | 188.21M | 147.11M | 2.47 |
| 2025 Q3 | 799.89M | 472.08M | 192.11M | 148.92M | 2.50 |
| 2025 Q4 | 932.36M | 557.42M | 310.58M | 225.21M | 3.78 |
| 2026 Q1 | 1.27B | 595.00M | -47.00M | -72.00M | -0.87 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 4.72B | 2.56B | 367.22M | 1.54B | 2.16B |
| 2025 Q3 | 4.86B | 2.53B | 459.12M | 1.49B | 2.33B |
| 2025 Q4 | 5.08B | 2.52B | 587.83M | 1.49B | 2.56B |
| 2026 Q1 | 24.53B | 9.24B | 462.00M | 5.57B | 15.29B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 41.14M | -22.59M | 18.55M | — | -15.66M |
| 2025 Q3 | 187.31M | -25.44M | 161.87M | — | 91.90M |
| 2025 Q4 | 164.55M | -38.97M | 125.58M | — | 128.71M |
| 2026 Q1 | -3.00M | -39.00M | -42.00M | — | -126.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 20.97B | 22.14B | — | — | — |
| 2025 Q3 | 17.36B | 18.39B | — | — | — |
| 2025 Q4 | 22.62B | 23.52B | — | — | — |
| 2026 Q1 | 24.99B | 30.10B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |