Waters Corporation (WAT) — Financial statements
Income statement, balance sheet, and cash flow for Waters Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,165↑7.0% | 2,958↑0.1% | 2,956↓0.5% | 2,972↑6.7% | 2,786 | |
| Cost of Revenue | 1,337↑11.4% | 1,200↑0.4% | 1,195↓4.2% | 1,248↑7.9% | 1,157 | |
| Gross Profit | 1,829↑4.0% | 1,758↓0.2% | 1,761↑2.2% | 1,724↑5.8% | 1,629 | |
| Operating Expenses | ||||||
| R&D Expenses | 195↑6.6% | 183↑4.6% | 175↓0.7% | 176↑4.7% | 168 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 740↑7.3% | 690↓6.2% | 736↑11.9% | 658↑5.0% | 627 | |
| Other Expenses | 0.00↓100.0% | 59↑80.2% | 33↑101.4% | 16↑31.3% | 12 | |
| Operating Expenses | 935↑0.4% | 932↓1.2% | 944↑11.0% | 850↑5.3% | 808 | |
| Total Costs & Expenses | 2,272↑6.6% | 2,132↓0.3% | 2,139↑1.9% | 2,099↑6.8% | 1,964 | |
| Operating Results | ||||||
| Operating Income | 893↑8.1% | 826↑1.1% | 818↓6.4% | 873↑6.3% | 822 | |
| Depreciation & Amortization | 206↑7.5% | 192↑15.6% | 166↑27.2% | 130↓1.0% | 132 | |
| EBITDA | 1,012↓2.4% | 1,036↑3.5% | 1,001↓1.6% | 1,017↑3.5% | 983 | |
| EBIT | 806↓4.6% | 845↑1.1% | 835↓5.8% | 887↑4.2% | 851 | |
| Interest & Other Income | ||||||
| Net Interest Income | -51↑29.7% | -72↑12.1% | -82↓117.7% | -38↓15.5% | -33 | |
| Interest Income | 0.00↓100.0% | 17↑4.8% | 17↑50.8% | 11↓9.8% | 12 | |
| Interest Expense | 51↓43.4% | 90↓9.3% | 99↑102.6% | 49↑8.6% | 45 | |
| Non-Operating Income | 88↑581.4% | -18↓4.4% | -17↓31.6% | -13↑55.0% | -29 | |
| Other Income / Expenses | -138↓93.5% | -71↑12.2% | -81↓129.1% | -36↓129.1% | -16 | |
| Income Before Tax | 755↑0.0% | 755↑2.5% | 736↓12.1% | 838↑3.9% | 806 | |
| Income Tax Expense | 112↓4.1% | 117↑24.5% | 94↓27.7% | 130↑14.8% | 113 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 643↑0.8% | 638↓0.7% | 642↓9.3% | 708↑2.2% | 693 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 643↑0.8% | 638↓0.7% | 642↓9.3% | 708↑2.2% | 693 | |
| Bottom-Line Net Income | 643↑0.8% | 638↓0.7% | 642↓9.3% | 708↑2.2% | 693 | |
| EPS (Basic) | 10.80↑0.5% | 10.75↓1.1% | 10.87↓7.9% | 11.80↑4.9% | 11.25 | |
| EPS (Diluted) | 10.76↑0.5% | 10.71↓1.2% | 10.84↓7.6% | 11.73↑5.0% | 11.17 | |
| Weighted Average Shares | 60↑0.3% | 59↑0.4% | 59↓1.5% | 60↓2.6% | 62 | |
| Weighted Average Diluted Shares | 60↑0.3% | 60↑0.5% | 59↓1.8% | 60↓2.7% | 62 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.