Waters revenue and financials
$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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total revenue | 1,645 | 1,267 | 932 | 800 | 771 | — |
| Cost of revenue | 911 | 679 | 363 | 328 | 321 | — |
| Gross profit | 734 | 588 | 569 | 472 | 450 | — |
| Selling, general and administrative | 405 | 387 | 240 | 214 | 198 | — |
| Research and development | 122 | 96.0 | 46.9 | 53.6 | 49.0 | — |
| Operating income | -37.0 | -47.0 | 271 | 192 | 191 | — |
| EBIT | -81.0 | -40.0 | 278 | 197 | 193 | — |
| EBITDA | 220 | 167 | 331 | 249 | 244 | — |
| Interest expense | 60.0 | 48.0 | 14.3 | 26.6 | 15.0 | — |
| Pre-tax income | -141 | -88.0 | 264 | 170 | 178 | — |
| Income tax | -5.0 | -16.0 | 39.0 | 21.2 | 31.0 | — |
| Net income | -136 | -72.0 | 225 | 149 | 147 | — |
| Net income to common shareholders | -136 | -72.0 | 225 | 149 | 147 | — |
| Basic EPS | -1.39 | -0.87 | 3.78 | 2.50 | 2.47 | — |
| Diluted EPS | -1.39 | -0.87 | 3.77 | 2.50 | 2.47 | — |
| Average shares (basic) | 98.2 | 82.1 | 59.5 | 59.5 | 59.5 | — |
| Average shares (diluted) | 98.2 | 82.1 | 59.8 | 59.6 | 59.7 | — |