Waters revenue and financials
$425.21Change from previous close: −0.08%Absolute change: −$0.32
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 24,751 | 24,531 | 5,077 | 4,863 | 4,718 | 4,592 | 4,554 | 4,512 | 4,449 | 4,509 | 4,627 | 4,497 |
| Current assets | 4,465 | 4,064 | 2,148 | 1,919 | 1,782 | 1,740 | 1,669 | 1,648 | 1,604 | 1,643 | 1,753 | 1,635 |
| Cash and equivalents | 539 | 462 | 588 | 459 | 367 | 383 | 325 | 331 | 326 | 337 | 395 | 336 |
| Short-term investments | — | — | — | — | — | — | — | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Receivables | 1,987 | 1,753 | 829 | 749 | 730 | 713 | 733 | 670 | 610 | 626 | 702 | 631 |
| Inventory | 1,377 | 1,496 | 572 | 573 | 541 | 511 | 477 | 519 | 523 | 539 | 516 | 544 |
| Net property, plant and equipment | 1,855 | 1,876 | 723 | 713 | 725 | 721 | 725 | 719 | 717 | 715 | 724 | 702 |
| Goodwill | 9,421 | 9,317 | 1,340 | 1,338 | 1,338 | 1,300 | 1,296 | 1,307 | 1,298 | 1,298 | 1,305 | 1,308 |
| Other intangible assets | 8,521 | 8,776 | 558 | 571 | 579 | 561 | 568 | 592 | 596 | 611 | 629 | 631 |
| Long-term investments | 17.0 | 9.0 | 0.4 | 0.3 | 0.4 | 3.2 | 26.7 | — | 6.2 | 7.6 | 4.8 | 25.7 |
| Current liabilities | 2,399 | 2,273 | 1,239 | 1,251 | 1,016 | 961 | 790 | 816 | 763 | 848 | 790 | 745 |
| Accounts payable | 863 | 602 | 104 | 116 | 97.9 | 102 | 99.9 | 94.6 | 78.4 | 86.2 | 84.7 | 79.8 |
| Long-term debt | 4,891 | 4,887 | 1,000 | 1,000 | 1,254 | 1,363 | 1,627 | 1,853 | 2,009 | 2,011 | 2,322 | 2,456 |
| Total debt | — | — | 1,491 | — | — | — | — | — | — | — | — | — |
| Total liabilities | 9,556 | 9,239 | 2,515 | 2,532 | 2,558 | 2,629 | 2,725 | 2,909 | 3,037 | 3,252 | 3,477 | 3,592 |
| Total equity (incl. minority) | 15,195 | 15,292 | 2,561 | 2,331 | 2,160 | 1,962 | 1,829 | 1,603 | 1,412 | 1,257 | 1,150 | 906 |
| Retained earnings | 10,223 | 10,359 | 10,431 | 10,206 | 10,057 | 9,910 | 9,789 | 9,557 | 9,396 | 9,253 | 9,151 | 8,935 |