Waters Corp (WAT) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Waters sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures...
Waters Corp's revenue increased 7.0% year over year, from $2.96B to $3.17B.
Net income increased 0.8% over the same period, from $637.8M to $642.6M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 46% in total.
Total debt decreased by 41.7% to $947.4M.
The debt-to-equity ratio stands at 0.37, indicating a moderate leverage profile.
Operating cash flow declined 14.4% to $652.6M.
Waters Corp maintains a strong net profit margin of 20.3%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.38B+1821.0% | $263.7M | $813.7M | $345.0M | $522.0M | $4.51B | $1.83B | $1.60B |
| Q4 FY2024 | $872.7M-36.6% | $231.4M | $524.2M | $292.3M | $240.1M | $4.55B | $1.63B | $1.83B |
| Q1 FY2025 | $661.7M-24.2% | $121.4M | $385.0M | $151.7M | $259.6M | $4.59B | $1.36B | $1.96B |
| Q2 FY2025 | $771.3M+16.6% | $147.1M | $449.9M | $188.2M | $41.1M | $4.72B | $1.20B | $2.16B |
| Q3 FY2025 | $799.9M+3.7% | $148.9M | $472.1M | $192.1M | $187.3M | $4.86B | $947.2M | $2.33B |
| Q4 FY2025 | $932.4M+16.6% | $225.2M | $569.5M | $270.5M | $164.6M | $5.08B | $947.4M | $2.56B |
| Q1 FY2026 | $1.27B+35.9% | $-72.0M | $588.0M | $-47.0M | $-3.0M | N/A | N/A | N/A |
| Q2 FY2026 | $1.65B+29.8% | $-136.0M | $734.0M | $-87.0M | $201.0M | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Waters Corp (WAT) Financial Statements & Revenue History
Waters Corp (WAT) is a US-listed stock operating in the Technology sector, specifically the Laboratory Analytical Instruments industry trading at $436.95 with a market capitalization of $43. This page provides 41 historical financial statements for Waters Corp, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Waters Corp reported revenue of $3.2 billion, representing 7.0% year-over-year growth. The net profit margin of 20.3% reflects strong profitability. The debt-to-equity ratio of 0.37 shows conservative leverage.
WAT Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Waters Corp's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether WAT is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track WAT's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Waters Corp converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of WAT's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use WAT Financial Data
Investors use Waters Corp's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare WAT's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how WAT's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View WAT's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Waters Corp's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.WAT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.