Waters
$425.21Change from previous close: −0.08%Absolute change: −$0.32
At a glance
- Revenue growth
- +6.99%
- 2025 vs 2024
- Net income growth
- +0.75%
- 2025 vs 2024
- Net margin
- 20.3%
- 2024: 21.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 3,165 | 2,958 | 2,956 | 2,972 | — |
| Cost of revenue | 1,289 | 1,200 | 1,195 | 1,248 | — |
| Gross profit | 1,876 | 1,758 | 1,761 | 1,724 | — |
| Selling, general and administrative | 830 | 690 | 736 | 658 | — |
| Research and development | 196 | 183 | 175 | 176 | — |
| Operating income | 803 | 838 | 818 | 883 | — |
| EBIT | 824 | 845 | 835 | 887 | — |
| EBITDA | 1,031 | 1,036 | 1,001 | 1,017 | — |
| Interest expense | 69.5 | 89.7 | 98.9 | 48.8 | — |
| Pre-tax income | 755 | 755 | 736 | 838 | — |
| Income tax | 112 | 117 | 94.0 | 130 | — |
| Net income | 643 | 638 | 642 | 708 | — |
| Net income to common shareholders | 643 | 638 | 642 | 708 | — |
| Basic EPS | 10.80 | 10.75 | 10.87 | 11.80 | — |
| Diluted EPS | 10.76 | 10.71 | 10.84 | 11.73 | — |
| Average shares (basic) | 59.5 | 59.3 | 59.1 | 60.0 | — |
| Average shares (diluted) | 59.7 | 59.6 | 59.3 | 60.3 | — |