Waters (WAT) financial statements

+114.9%since 2007
FY2025 revenue
$3.2B▲ +7.0%
FY2025 net income
$643M▲ +0.8%
FY2025 diluted EPS
$10.76▲ +0.5%
FY2025 free cash flow
$540M▼ −12.9%

Waters income statement

Waters income statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Revenue3,1652,9582,956
Operating income803826818
Pretax income755755736
Net income643638642
Diluted earnings per share10.7610.7110.84

Waters balance sheet

Waters balance sheet
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Cash and cash equivalents588325395
Total assets5,0774,5544,627
Total liabilities2,5152,7253,477
Total equity2,5621,8291,150
Long-term debt9471,6262,306

Waters cash flow statement

Waters cash flow statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Operating cash flow653762603
Capital expenditure-113-142-161
Free cash flow (derived)540620442
Share repurchases-15-14-70

Quarterly highlights

Quarterly highlights
USD millionsQ2 FY2026Q1 FY2026Q4 FY2025Q3 FY2025
Period ended4 Jul 20264 Apr 202631 Dec 202530 Sep 2025
Revenue1,6451,267932800
Operating income-86-47271192
Net income (derived)-136-72225n/a
Diluted earnings per share-1.39-0.873.772.50
Operating cash flow (derived)201-3165n/a
Total assets24,75124,5315,077n/a

Waters major shareholders

Waters major shareholders
HolderShare of classSharesFiled
BlackRock, Inc.7.8%7,637,58624 April 2026
Vanguard Capital Management7.5%7,351,78530 April 2026

Waters 10-K and SEC filings

Waters 10-K and SEC filings
FiledFormTypeDescription
3 November 20268-KCurrent reportCurrent report
21 August 20268-KCurrent reportCurrent report
11 August 202610-QQuarterly reportQuarterly report
4 August 20268-KCurrent reportCurrent report
22 May 20268-KCurrent reportCurrent report
12 May 202610-QQuarterly reportQuarterly report
5 May 20268-KCurrent reportCurrent report
23 March 20268-KCurrent reportCurrent report

Common questions

What was Waters' revenue in fiscal 2025?

Waters reported $3.2 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 7.0% from fiscal 2024.

What was Waters' net income in fiscal 2025?

Waters reported net income of $643 million for fiscal 2025, the year ended 31 December 2025, up 0.8% from fiscal 2024. Diluted earnings per share were $10.76.

What was Waters' free cash flow in fiscal 2025?

Waters had $540 million in free cash flow in fiscal 2025. Operating cash flow was $653 million and capital expenditure was $113 million.

What were Waters' total assets at the end of fiscal 2025?

Waters reported total assets of $5.1 billion at the end of fiscal 2025, the year ended 31 December 2025.

How much Waters history does each plan include?

Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.