Waters revenue and financials
$440.12Change from previous close: +3.51%Absolute change: +$14.91
In the fiscal year ended December 2025, Waters reported revenue of $3.17B (+6.99% year over year). Net income was $642.63M, a net margin of 20.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 5,077 | 4,554 | 4,627 | 3,281 | 3,095 | 2,840 | 2,557 | 3,727 | 5,324 | 4,662 |
| Current assets | 2,148 | 1,669 | 1,753 | 1,764 | 1,629 | 1,401 | 1,312 | 2,663 | 4,270 | 3,635 |
| Cash and equivalents | 588 | 324 | 395 | 481 | 501 | 437 | 336 | 796 | 642 | 506 |
| Short-term investments | — | 0.9 | 0.9 | 0.9 | 68.1 | — | — | — | — | — |
| Receivables | 829 | 733 | 702 | 723 | 613 | — | — | — | — | — |
| Inventory | 572 | 477 | 516 | 456 | 356 | — | — | — | — | — |
| Net property, plant and equipment | 723 | 725 | 724 | 669 | 633 | — | — | — | — | — |
| Goodwill | 1,340 | 1,296 | 1,305 | 430 | 438 | 444 | 356 | 356 | 360 | 352 |
| Other intangible assets | 558 | 568 | 629 | 227 | 242 | — | — | — | — | — |
| Long-term investments | 0.4 | 26.7 | 4.8 | 19.2 | — | — | — | — | — | — |
| Current liabilities | 1,239 | 790 | 790 | 786 | 681 | 805 | 591 | 449 | 606 | 520 |
| Accounts payable | 104 | 99.9 | 84.7 | 93.3 | 96.8 | — | — | — | — | — |
| Long-term debt | 1,410 | 1,630 | 2,360 | 1,580 | 1,520 | 1,360 | 1,685 | 1,150 | 2,000 | 1,830 |
| Total debt | 1,491 | 1,702 | 2,442 | 1,663 | — | — | — | — | — | — |
| Total liabilities | 2,515 | 2,725 | 3,477 | 2,777 | 2,727 | 2,608 | 2,773 | 2,160 | 3,091 | 2,360 |
| Total equity (incl. minority) | 2,561 | 1,829 | 1,150 | 504 | 368 | — | — | — | — | — |
| Retained earnings | 10,431 | 9,789 | 9,151 | 8,509 | 7,801 | — | — | — | — | — |