WATERS CORP /DE/
WATNYSE · SIC 3826
$368.98
↓ -2.4%Jul 17 close · end-of-day
Price
1Y↑ +27.4%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$22.0B
Enterprise Value
$26.4B
P/E
34.3
P/S
7.0
P/B
1.4
EV/EBITDA
29.7
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$3.2B
Net Income (TTM)
$642.6M
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
25.4%
Net Margin
20.3%
ROE
4.2%
ROIC
3.5%
Debt / Equity
0.3
Net Cash
-$4.4B
Return 1Y
+24.3%
Company profile
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
- CEO
- Udit Batra
- Sector
- Manufacturing
- Industry
- Measuring And Control Equipment
- Employees
- 8,200
- Headquarters
- Massachusetts
- Website
- waters.com
Management & directors
- Carpio Robert L IiiSVP Waters Analytical Sciences
- Chaubal AmolSVP & Chief Financial Officer
- Bennett JianqingSVP Waters Adv. Diagnostics
- Batra UditPresident and CEO
Roles derived from SEC Form 4 filings.
Earnings
Next earnings · estimated2026-08-04
WAT Q1 2026 Earnings
Period ends 2026-04-04
MetricActualYoY
Revenue$1.3B↑ +91.5%
Diluted EPS-$0.87↓ -142.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.8B | $3.0B | $3.0B | $3.0B | $3.2B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $645.5M | $821.7M | $873.4M | $817.7M | $826.4M | $802.6M |
| Net income | — | $692.8M | $707.8M | $642.2M | $637.8M | $642.6M |
| Diluted EPS | $8.36 | $11.17 | $11.73 | $10.84 | $10.71 | $10.76 |
| Operating cash flow | $790.5M | $747.3M | $611.7M | $602.8M | $762.1M | $652.6M |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 27.3% | 29.5% | 29.4% | 27.7% | 27.9% | 25.4% |
| Net margin | — | 24.9% | 23.8% | 21.7% | 21.6% | 20.3% |
| Line item | Q1 '25 | Q '25 | Q2 '25 | Q '25 | Q3 '25 | Q '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $662.0M | $661.7M | $771.3M | $771.3M | $799.9M | $799.9M | $932.4M | $1.3B |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $152.0M | $151.7M | $188.2M | $188.2M | $192.1M | $192.1M | $270.5M | -$47.0M |
| Net income | $121.0M | — | $147.1M | — | $148.9M | — | $225.6M | -$72.0M |
| Diluted EPS | $2.03 | $2.03 | $2.47 | $2.47 | $2.50 | $2.50 | $3.77 | -$0.87 |
| Operating cash flow | $260.0M | — | $40.7M | — | $187.3M | — | $164.6M | -$3.0M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 23.0% | 22.9% | 24.4% | 24.4% | 24.0% | 24.0% | 29.0% | -3.7% |
| Net margin | 18.3% | — | 19.1% | — | 18.6% | — | 24.2% | -5.7% |
Company news
Jul 13, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-06-30 | Knight Heather | Award | 63 | $0.00 | $0.00 | filing |
| 2026-06-30 | Jiang Wei | Award | 67 | $0.00 | $0.00 | filing |
| 2026-06-24 | Carpio Robert L III· SVP Waters Analytical Sciences | Tax withholding | 189 | $369.18 | $69,775.02 | filing |
| 2026-05-12 | Chaubal Amol· SVP & Chief Financial Officer | Tax withholding | 239 | $352.21 | $84,178.19 | filing |
| 2026-04-06 | Bennett Jianqing· SVP Waters Adv. Diagnostics | Tax withholding | 302 | $304.09 | $91,835.18 | filing |
| 2026-03-31 | Jiang Wei | Award | 64 | $0.00 | $0.00 | filing |
| 2026-03-31 | Knight Heather | Award | 68 | $0.00 | $0.00 | filing |
| 2026-03-16 | Jiang Wei | Buy | 500 | $289.46 | $144,730.00 | filing |
| 2026-03-06 | FEARON RICHARD H | Buy | 1,000 | $306.34 | $306,340.00 | filing |
| 2026-03-02 | Batra Udit· President and CEO | Tax withholding | 3,417 | $307.23 | $1.0M | filing |
| 2026-03-02 | Chaubal Amol· SVP & Chief Financial Officer | Tax withholding | 709 | $307.23 | $217,826.07 | filing |
| 2026-03-02 | Bennett Jianqing· SVP Waters Adv. Diagnostics | Tax withholding | 410 | $307.23 | $125,964.30 | filing |
| 2026-02-25 | Carpio Robert L III· SVP Waters Analytical Sciences | Award | 997 | $0.00 | $0.00 | filing |
| 2026-02-25 | Bennett Jianqing· SVP Waters Adv. Diagnostics | Award | 986 | $0.00 | $0.00 | filing |
| 2026-02-25 | Chaubal Amol· SVP & Chief Financial Officer | Award | 1,455 | $0.00 | $0.00 | filing |
| 2026-02-25 | Batra Udit· President and CEO | Award | 5,165 | $0.00 | $0.00 | filing |
| 2026-02-25 | VERGNANO MARK P | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | KUEBLER CHRISTOPHER A | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | Knight Heather | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | Jiang Wei | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | Huang Pearl S | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | Fraser Claire | Award | 358 | $0.00 | $0.00 | filing |
| 2026-02-25 | FEARON RICHARD H | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | Brennan Daniel J. | Award | 23 | $0.00 | $0.00 | filing |
| 2026-02-25 | BADDOUR LINDA | Award | 23 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.