waters corp. - WAT

WAT

Close Chg Chg %
319.15 8.77 2.75%

Closed Market

327.92

+8.77 (2.75%)

Volume: 439.23K

Last Updated:

Apr 17, 2026, 3:59 PM EDT

Company Overview: waters corp. - WAT

WAT Key Data

Open

$318.96

Day Range

318.96 - 329.56

52 Week Range

275.05 - 414.15

Market Cap

$31.30B

Shares Outstanding

98.10M

Public Float

97.94M

Beta

1.20

Rev. Per Employee

N/A

P/E Ratio

29.64

EPS

$10.80

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

911.31K

 

WAT Performance

1 Week
 
2.43%
 
1 Month
 
9.63%
 
3 Months
 
-15.39%
 
1 Year
 
2.11%
 
5 Years
 
9.29%
 

WAT Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 27
Full Ratings ➔

About waters corp. - WAT

Waters Corp. engages in the provision of workflow solutions involving liquid chromatography, mass spectrometry, and thermal analysis. It operates through the Waters and TA (TA Instruments) segments. The Waters segment consists of liquid chromatography instruments, mass spectrometry, and precision chemistry consumable products and services. The TA segment products and services include thermal analysis, rheometry and calorimetry instrument systems, and service sales. The company was founded by James Logan Waters in 1958 and is headquartered in Milford, MA.

WAT At a Glance

Waters Corp.
34 Maple Street
Milford, Massachusetts 01757
Phone 1-508-478-2000 Revenue 3.17B
Industry Medical Specialties Net Income 642.63M
Sector Health Technology 2025 Sales Growth 6.994%
Fiscal Year-end 12 / 2026 Employees 7,900
View SEC Filings

WAT Valuation

P/E Current 29.642
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 35.29
Price to Sales Ratio 7.165
Price to Book Ratio 8.831
Price to Cash Flow Ratio 36.04
Enterprise Value to EBITDA 21.411
Enterprise Value to Sales 7.45
Total Debt to Enterprise Value 0.063

WAT Efficiency

Revenue/Employee 400,669.114
Income Per Employee 81,345.443
Receivables Turnover 3.819
Total Asset Turnover 0.657

WAT Liquidity

Current Ratio 1.733
Quick Ratio 1.271
Cash Ratio 0.474

WAT Profitability

Gross Margin 57.833
Operating Margin 28.28
Pretax Margin 23.849
Net Margin 20.302
Return on Assets 13.346
Return on Equity 29.279
Return on Total Capital 15.858
Return on Invested Capital 18.188

WAT Capital Structure

Total Debt to Total Equity 58.217
Total Debt to Total Capital 36.796
Total Debt to Total Assets 29.372
Long-Term Debt to Equity 39.043
Long-Term Debt to Total Capital 24.677
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Waters Corp. - WAT

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
2.97B 2.96B 2.96B 3.17B
Sales Growth
+6.68% -0.52% +0.07% +6.99%
Cost of Goods Sold (COGS) incl D&A
1.25B 1.23B 1.25B 1.33B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
130.42M 165.91M 191.82M 206.24M
Depreciation
72.00M 84.63M 87.02M 88.14M
Amortization of Intangibles
58.42M 81.28M 104.81M 118.09M
COGS Growth
+7.68% -1.81% +1.67% +6.91%
Gross Income
1.72B 1.73B 1.71B 1.83B
Gross Income Growth
+5.97% +0.41% -1.07% +7.05%
Gross Profit Margin
+57.92% +58.47% +57.80% +57.83%
2022 2023 2024 2025 5-year trend
SG&A Expense
834.22M 884.96M 858.17M 935.45M
Research & Development
176.19M 174.94M 183.03M 195.18M
Other SG&A
658.03M 710.01M 675.15M 740.27M
SGA Growth
+4.89% +6.08% -3.03% +9.00%
Other Operating Expense
- - - -
-
Unusual Expense
15.97M 26.16M 26.32M 81.78M
EBIT after Unusual Expense
871.25M 817.45M 825.50M 813.36M
Non Operating Income/Expense
15.39M 17.65M 19.04M 11.07M
Non-Operating Interest Income
11.02M 16.62M 17.42M 7.39M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
48.80M 98.86M 89.68M 69.55M
Interest Expense Growth
+8.59% +102.60% -9.29% -22.45%
Gross Interest Expense
48.80M 98.86M 89.68M 69.55M
Interest Capitalized
- - - -
-
Pretax Income
837.85M 736.24M 754.87M 754.88M
Pretax Income Growth
+3.93% -12.13% +2.53% +0.00%
Pretax Margin
+28.19% +24.90% +25.52% +23.85%
Income Tax
130.09M 94.01M 117.03M 112.25M
Income Tax - Current - Domestic
70.18M 6.61M 27.00M 13.84M
Income Tax - Current - Foreign
91.90M 88.60M 90.91M 113.07M
Income Tax - Deferred - Domestic
(30.97M) (5.49M) (80.00K) (19.12M)
Income Tax - Deferred - Foreign
(1.02M) 4.29M (797.00K) 4.46M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
707.75M 642.23M 637.83M 642.63M
Minority Interest Expense
- - - -
-
Net Income
707.75M 642.23M 637.83M 642.63M
Net Income Growth
+2.15% -9.26% -0.69% +0.75%
Net Margin Growth
+23.81% +21.72% +21.56% +20.30%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
707.75M 642.23M 637.83M 642.63M
Preferred Dividends
- - - -
-
Net Income Available to Common
707.75M 642.23M 637.83M 642.63M
EPS (Basic)
11.7989 10.8713 10.7501 10.7988
EPS (Basic) Growth
+4.86% -7.86% -1.11% +0.45%
Basic Shares Outstanding
59.98M 59.08M 59.33M 59.51M
EPS (Diluted)
11.7312 10.8357 10.7105 10.7632
EPS (Diluted) Growth
+5.03% -7.63% -1.16% +0.49%
Diluted Shares Outstanding
60.33M 59.27M 59.55M 59.71M
EBITDA
1.02B 1.01B 1.04B 1.10B
EBITDA Growth
+5.91% -0.80% +3.38% +5.53%
EBITDA Margin
+34.24% +34.15% +35.28% +34.80%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 387.238
Number of Ratings 27 Current Quarters Estimate 3.037
FY Report Date 06 / 2026 Current Year's Estimate 14.382
Last Quarter’s Earnings 2.30 Median PE on CY Estimate N/A
Year Ago Earnings 13.13 Next Fiscal Year Estimate 16.298
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 20 20 23 23
Mean Estimate 3.04 4.10 14.38 16.30
High Estimates 3.67 4.34 14.47 17.28
Low Estimate 2.92 3.77 14.30 15.82
Coefficient of Variance 6.71 3.49 0.35 2.01

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 12 11 9
OVERWEIGHT 3 3 2
HOLD 12 11 11
UNDERWEIGHT 0 0 1
SELL 0 0 0
MEAN Overweight Overweight Overweight

Waters Corp. in the News