Waters (WAT) reported $3.2B in revenue for fiscal 2025, +7.0% year on year. That ranks #1066 by revenue among 2853 SEC filers and #163 in Technology. Net income was $643M, a net margin of 20.3%. Revenue has grown 4.3% a year on average since 2016 ($2.2B then). The fiscal 2025 balance sheet shows $5.1B in total assets, $588M in cash and $947M in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $3.2B | +7.0% | FY20252025-12-31 |
| Gross profitGrossProfit | $1.2B | +3.0% | FY20152015-12-31 |
| Operating incomeOperatingIncomeLoss | $803M | −2.9% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $643M | +0.8% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $653M | −14.4% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquireProductiveAssets | $113M | −20.9% | FY20252025-12-31 |
| Total assetsAssets | $5.1B | +11.5% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $2.6B | +40.1% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $588M | +80.7% | FY20252025-12-31 |
| Long-term debtLongTermDebtNoncurrent | $947M | −41.8% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-04-04 | $1.3B | −$72.0M | Open → |
| Q2 20262026-07-04 | $1.6B | −$136M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 59 of 298 companies compared | 20.3% | |
| Operating marginRank 54 of 297 companies compared | 25.4% | |
| R&D as share of revenueRank 179 of 253 companies compared | 6.2% | |
| Cash as share of revenueRank 163 of 297 companies compared | 18.6% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Waters Corp
- Ticker
- WAT
- Exchange
- NYSE
- SIC classification
- Laboratory Analytical Instruments (3826)
- Fiscal year end
- 12-31
- CIK
- 0001000697
Filings
- 10-QAug 11, 2026Open filing →
- 10-QMay 12, 2026Open filing →
- 10-KFeb 23, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| DocusignDOCU | $3.2B | $309M |
| Veeva SystemsVEEV | $3.2B | $909M |
| TeradyneTER | $3.2B | $554M |
| WatersWAT | $3.2B | $643M |
| MSCIMSCI | $3.1B | $1.2B |
| HubspotHUBS | $3.1B | $45.9M |
| F5FFIV | $3.1B | $692M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Waters — Key figures |url=https://companiesranked.com/en/company/waters |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Waters — Key figures. CompaniesRanked. https://companiesranked.com/en/company/watersBibTeX
@misc{companiesranked-en-company-waters-2026,
author = {{CompaniesRanked}},
title = {{Waters — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/waters}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001193125-26-062604 · February 23, 2026
{{cite web |title=Waters — Key figures — 10-K (0001193125-26-062604) |url=https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/d778470d10k.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-23}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.