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Waters(NYSE) WAT

Current Price$370.48
Market Cap$36.09BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1995)+9,620%
5 Year-3%
1 Year+30%
1 Month+3%
Waters last closing stock price
MetricPriceDate
Last closeUSD 367.552026-07-21
Waters stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.35%USD 376.392026-07-14
1 month+3.41%USD 355.442026-06-18
3 month+9.92%USD 334.382026-04-22
Year to date-3.23%USD 379.832025-12-31
1 year+30.49%USD 281.662025-07-21
3 year+27.3%USD 288.722023-07-21
5 year-2.55%USD 377.172021-07-22
Since inception+9,620.33%USD 3.781995-11-17

Waters Financials at a Glance

Market Cap

$36.09BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$3.77B

Net Income (TTM)

$449.25M

EPS (TTM)

$7.86

P/E Ratio

46.79

Dividend

$0.00

Beta (Volatility)

0.97 (Low)

Price

$370.48

Volume

33,530

Open

$365.81

Previous Close

$367.55

Daily Range

$362.42 - $372.22

52-Week Range

$275.05 - $414.15

Estimated Earnings Date

Aug 4, 2026

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About Waters

Waters Corporation is a leading global provider of analytical instruments and software, serving various scientific markets for over 65 years. Specializing in liquid chromatography (LC), mass spectrometry (MS), and thermal analysis, the company has established a significant presence with operations in over 35 countries and products available in more than 100. Waters aims to meet the complex needs of pharmaceutical, biochemical, and environmental industries through rigorous research and development efforts and strategic acquisitions.

Products and Services

High-Performance and Ultra-Performance Liquid Chromatography systems and consumables.

Mass spectrometry technologies integrated with LC systems.

Thermal analysis, rheometry, and calorimetry instruments under the TA Instruments brand.

Advanced software solutions to interface with company and third-party instruments.

Comprehensive service plans and consumable products for ongoing customer support.

What Makes Waters Corporation Special

Waters Corporation distinguishes itself through its patented technologies and reputation for precision and reliability. Its strategic emphasis on R&D leads to continuous innovation, adapting to evolving market and regulatory demands. Additionally, its strong brand presence and global reach create a robust foundation in the high-demand life sciences and chemical sectors.

Five Things You Need to Know

Waters Corporation offers industry-leading analytical instruments crucial for pharmaceuticals and life sciences.

The company invests significantly in R&D, with expenditures reaching $175 million in 2023.

Strategic acquisitions, like Wyatt Technology in 2023, expand its technological capabilities and market reach.

The service segment, vital for customer retention, represented over 35% of Waters' 2023 sales.

Waters is committed to ESG principles, releasing annual reports on environmental and social responsibility efforts.

AI Generated • Apr 16, 2026

Industry

Life Sciences Tools and Services

Employees

7,900

CEO

Udit Batra, PhD

Headquarters

Milford, MA 01757, US

WAT Financials

Key Financial Metrics (TTM)

Gross Margin

55.02%

Operating Margin

17.08%

Net Income Margin

11.91%

Return on Equity

8.04%

Return on Capital

22.04%

Return on Assets

1.83%

Earnings Yield

2.14%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$36.09BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

98.19M

Volume

33.53K

Avg. Volume

1.02M

Financials (TTM)

Gross Profit

$2.07B

Operating Income

$643.90M

EBITDA

$924.47M

Operating Cash Flow

$390.00M

Capital Expenditure

-$126.00M

Free Cash Flow

$264.00M

Cash & ST Invst.

$462.00M

Total Debt

$5.57B

Waters Performance Analysis

Waters annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,971,956,0006.7%
20232023-12-31USD 2,956,416,000-0.5%
20242024-12-31USD 2,958,387,0000.1%
20252025-12-31USD 3,165,286,0007.0%
Waters sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-2816.6%
Q32025-09-273.7%
Q42025-12-3116.6%
Q12026-04-0435.9%
Waters annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 11.735.0%
20232023-12-31USD 10.84-7.6%
20242024-12-31USD 10.71-1.2%
20252025-12-31USD 10.760.5%
Waters sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-2821.7%
Q32025-09-271.2%
Q42025-12-3150.8%
Q12026-04-04-123.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.27B

+91.5%

Gross Profit

$595.00M

+54.6%

Gross Margin

46.96%

N/A

Market Cap

$36.09BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$4.57M

N/A

Employees

7,900

N/A

Net Income

-$72.00M

-159.3%

EBITDA

$106.00M

-48.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$462.00M

+20.7%

Total Debt

$5.57B

+262.6%

Accounts Receivable

$1.75B

+145.8%

Inventory

$1.50B

+192.5%

Long Term Debt

$5.16B

+266.0%

Short Term Debt

$413.00M

+224.4%

Return on Assets

1.83%

N/A

Return on Invested Capital

2.89%

N/A

Free Cash Flow

-$42.00M

-118.0%

Operating Cash Flow

-$3.00M

-101.2%

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Questions About WAT

What is the current price of Waters?

Waters is trading at $370.48 per share.

What is the 52-week range for Waters?

Over the past 52 weeks, Waters has traded between $275.05 and $414.15.

How much debt does Waters have?

As of the most recent reporting period, Waters reported total debt of $5.57B.

How much cash does Waters have on hand?

Waters reported $462.00M in cash and cash equivalents in its most recent financial results.

What is Waters’s dividend yield?

Waters does not currently have a dividend yield.

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