WATERS CORP /DE/

WAT

WATERS CORP /DE/

WAT

Insider Sentiment (TTM):

Last Purchase:2026-03-16Last Sale:2024-05-15Shares Purchased (TTM):1,500Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:84,751,592Shares Outstanding:82,139,000Institutional Ownership Pct.:103.18%

Earnings Market Reaction:

Filing Date:2026-05-12Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Laboratory Analytical Instruments

A MTD ILMN RVTY BIO BRKR

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	462	588	459	367	383	325	331	326	337	395	336	330
Short Term Investments	-	-	-	-	-	1	1	1	1	1	1	1
Accounts Receivable Net Current	1,753	829	749	730	713	733	670	610	626	702	631	693
Inventory Net	1,496	572	573	541	511	477	519	523	539	516	544	537
Other Assets Current	353	159	139	144	132	133	128	143	140	138	122	120
Assets Current	4,064	2,148	1,919	1,782	1,740	1,669	1,648	1,604	1,643	1,753	1,635	1,681
Property Plant And Equipment Net	1,520	642	637	645	643	651	643	636	634	639	617	615
Intangible Assets Net Excluding Goodwill	8,776	558	571	579	561	568	592	596	611	629	631	650
Goodwill	9,317	1,340	1,338	1,338	1,300	1,296	1,307	1,298	1,298	1,305	1,308	1,314
Operating Lease Right Of Use Asset	356	81	76	79	78	74	77	81	81	85	85	92
Other Assets Noncurrent	498	308	321	294	270	296	246	234	242	216	222	196
Assets	24,531	5,077	4,863	4,718	4,592	4,554	4,512	4,449	4,509	4,627	4,497	4,548
Liabilities And Stockhold…
Liabilities Current
Notes Payable Current	360	460	460	260	100	0	0	0	50	50	50	50
Accounts Payable Current	602	104	116	98	102	100	95	78	86	85	80	82
Employee Related Liabilities Current	196	100	80	55	61	94	79	56	65	69	43	36
Revenue Remaining Performance Obligation	520	267	301	334	340	251	295	317	337	257	276	325
Operating Lease Liability Current	53	31	28	29	27	26	25	26	27	28	27	26
Accrued Income Taxes Current	47	36	56	32	173	159	150	134	121	120	113	121
Standard Product Warranty Accrual Current	22	12	12	12	12	12	10	10	11	12	11	12
Other Liabilities Current	473	231	197	196	146	149	161	140	152	169	145	158
Liabilities Current	2,273	1,239	1,251	1,016	961	790	816	763	848	790	745	809
Liabilities Noncurrent
Long Term Debt Noncurrent	4,855	947	947	1,197	1,357	1,626	1,826	2,006	2,006	2,306	2,455	2,580
Operating Lease Liability Noncurrent	302	53	50	53	52	50	53	56	56	59	60	67
Pension And Other Postretirement Defined Benefit P…	57	44	48	46	44	45	51	49	49	48	42	44
Accrued Income Taxes Noncurrent	28	34	31	27	33	30	18	18	137	137	156	154
Other Liabilities Noncurrent	156	198	204	220	182	184	144	146	156	138	134	123
Liabilities Noncurrent	6,966	1,276	1,281	1,542	1,668	1,936	2,092	2,275	2,404	2,687	2,847	2,968
Liabilities	9,239	2,515	2,532	2,558	2,629	2,725	2,909	3,037	3,252	3,477	3,592	3,777
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	2	2	2	2	2	2	2	2	2	2	2	2
Additional Paid In Capital Common Stock	15,273	2,416	2,396	2,380	2,362	2,341	2,324	2,310	2,291	2,266	2,250	2,232
Retained Earnings Accumulated Deficit	10,359	10,431	10,206	10,057	9,910	9,789	9,557	9,396	9,253	9,151	8,935	8,800
Treasury Stock Value	-10,174	-10,162	-10,162	-10,162	-10,162	-10,148	-10,148	-10,148	-10,147	-10,134	-10,134	-10,134
Accumulated Other Comprehensive Income Loss Net Of…	-168	-125	-111	-117	-150	-155	-132	-148	-142	-134	-146	-129
Stockholders Equity	15,292	2,561	2,331	2,160	1,962	1,829	1,603	1,412	1,257	1,150	906	771
Liabilities And Stockholders Equity	24,531	5,077	4,863	4,718	4,592	4,554	4,512	4,449	4,509	4,627	4,497	4,548
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	5	5	5	5	5	5	5	5	5	5	5	5
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	400	400	400	400	400	400	400	400	400	400	400	400
Common Stock Shares Issued	202	163	163	163	163	163	163	163	163	163	163	163
Shares Outstanding	98	119	119	119	119	119	119	119	119	118	118	118
Treasury Stock Shares	-	-	-	-	-	-	-	-	-	-	-	104
Treasury Stock Common Shares	104	104	104	104	104	104	104	104	104	104	104	-

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	3.73%	7.69%	-	-	-	-	-	-	-	-	-	-
2025	3.01%	3.95%	-10.64%	5.68%	2.14%	25.88%	9.82%	5.10%	6.80%	-8.78%	0.00%	0.44%
2024	-5.26%	-11.02%	-2.48%	1.83%	0.08%	3.62%	-3.55%	-4.92%	4.34%	-4.04%	-15.71%	-5.61%
2023	-	-	-	-6.31%	-7.80%	-13.07%	10.81%	26.30%	21.27%	4.41%	-10.99%	7.00%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	1.79	1.73	1.53	1.75	1.81	2.11	2.02	2.10	1.94	2.22	2.19	2.08
Quick Ratio	1.13	1.27	1.08	1.22	1.28	1.51	1.38	1.42	1.30	1.57	1.46	1.41
Working Capital	1.79B	908.15M	667.90M	765.99M	778.91M	879.35M	831.68M	841.15M	794.50M	963.29M	889.50M	871.80M
Leverage & Debt
Debt to Equity	0.60	0.98	1.09	1.18	1.34	1.49	1.81	2.15	2.59	3.02	3.97	4.90
Interest Coverage TTM	5.83	11.54	11.15	12.26	10.81	9.21	7.87	6.94	7.07	8.27	10.23	13.31
Debt Ratio	0.38	0.50	0.52	0.54	0.57	0.60	0.64	0.68	0.72	0.75	0.80	0.83
Efficiency & Turnover
Asset Turnover TTM	0.26	0.66	0.66	0.66	0.66	0.64	0.64	0.64	0.74	0.75	0.79	0.79
Days Sales Outstanding TTM	119.38	90.07	83.32	80.29	81.94	88.56	81.72	82.70	82.18	87.97	75.07	81.29
Receivables Turnover TTM	3.06	4.05	4.38	4.55	4.45	4.12	4.47	4.41	4.44	4.15	4.86	4.49
Per Share Metrics
Diluted EPS TTM	5.47	10.76	10.88	11.08	11.00	10.71	10.46	10.02	10.15	10.84	11.02	11.43
Free Cash Flow Per Share TTM	3.84	9.94	11.21	11.50	12.34	12.84	12.61	11.83	-10.48	-11.62	-12.09	-12.14
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	56.40%	59.28%	59.50%	59.27%	59.24%	59.43%	60.12%	60.04%	59.84%	59.57%	59.49%	58.93%
Operating Profit Margin TTM	16.01%	25.36%	26.55%	27.69%	28.31%	27.93%	27.48%	26.65%	26.73%	27.66%	28.03%	28.48%
Net Profit Margin TTM	11.93%	20.30%	20.88%	21.70%	22.01%	21.56%	21.43%	20.71%	20.75%	21.72%	21.80%	22.54%
Growth Metrics
Net Revenue Growth (1Y)	26.37%	6.99%	6.91%	5.90%	2.58%	0.07%	-3.01%	-3.87%	-1.94%	-0.52%	1.54%	3.16%
Net Income Growth (1Y)	-31.53%	0.75%	4.14%	10.97%	8.80%	-0.69%	-4.66%	-11.69%	-12.39%	-9.26%	-6.29%	-3.93%
EPS Growth (1Y)	-50.45%	0.45%	3.86%	10.64%	8.42%	-1.12%	-5.10%	-12.41%	-12.70%	-7.86%	-5.17%	-1.73%
Valuation Metrics
P/E TTM	54.40	35.17	27.52	31.43	33.36	34.51	34.31	28.90	33.78	30.28	24.81	23.26
P/B TTM	1.60	8.83	7.66	9.62	11.17	12.04	13.33	12.19	16.23	16.91	17.89	20.34
P/S TTM	6.49	7.14	5.75	6.82	7.34	7.44	7.35	5.98	7.01	6.58	5.41	5.24
Market Cap	24.46B	22.60B	17.85B	20.77B	21.91B	22.01B	21.37B	17.22B	20.39B	19.45B	16.20B	15.69B
Enterprise Value	29.21B	23.42B	18.80B	21.86B	22.98B	23.31B	22.86B	18.90B	22.11B	21.41B	18.37B	17.99B
Calculated Values
Free Cash Flow TTM	315.50M	591.50M	667.09M	684.44M	733.25M	762.12M	748.55M	701.79M	-620.53M	-686.65M	-714.51M	-714.24M
Net Debt	4.75B	819.61M	948.09M	1.09B	1.07B	1.30B	1.50B	1.68B	1.72B	1.96B	2.17B	2.30B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-16Purchase

Owner: Jiang, Wei

Title: -

Shares: 500

Price/Share: $289.46

Value: $144,730.00

Shares Owned: 3,441

Relationship: Director

Ownership: Direct

2026-03-06Purchase

Owner: Fearon, Richard H

Title: -

Shares: 1,000

Price/Share: $306.34

Value: $306,340.00

Shares Owned: 3,302

Relationship: Director

Ownership: Direct

2024-05-28Purchase

Owner: Fearon, Richard H

Title: -

Shares: 1,000

Price/Share: $332.90

Value: $332,900.00

Shares Owned: 1,653

Relationship: Director

Ownership: Direct

2024-05-15Sale

Owner: Kuebler, Christopher A

Title: -

Shares: 4,000

Price/Share: $361.64

Value: $1,446,560.00

Shares Owned: 14,716

Relationship: Director

Ownership: Direct

2024-03-13Sale

Owner: Baddour, Linda

Title: -

Shares: 500

Price/Share: $355.54

Value: $177,770.00

Shares Owned: 2,250

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-16	Jiang, Wei	Director	-	Direct	Purchase	500	289.46	$144,730.00	3,441	4
2026-03-06	Fearon, Richard H	Director	-	Direct	Purchase	1,000	306.34	$306,340.00	3,302	4
2024-05-28	Fearon, Richard H	Director	-	Direct	Purchase	1,000	332.90	$332,900.00	1,653	4
2024-05-15	Kuebler, Christopher A	Director	-	Direct	Sale	4,000	361.64	$1,446,560.00	14,716	4
2024-03-13	Baddour, Linda	Director	-	Direct	Sale	500	355.54	$177,770.00	2,250	4
2023-08-04	Kuebler, Christopher A	Director	-	Direct	Sale	4,000	291.48	$1,165,920.00	14,382	4
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Institutional Ownership

No data available for chart

2026-03-31

103.18%

Inst. Shares: 84,751,592

Shares Outstanding: 82,139,000

2025-12-31

92.04%

Inst. Shares: 54,772,995

Shares Outstanding: 59,509,000

2025-09-30

92.83%

Inst. Shares: 55,260,350

Shares Outstanding: 59,528,000

2025-06-30

94.10%

Inst. Shares: 56,006,355

Shares Outstanding: 59,515,000

2025-03-31

91.43%

Inst. Shares: 54,348,043

Shares Outstanding: 59,439,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	84,751,592	82,139,000	103.18%
2025-12-31	54,772,995	59,509,000	92.04%
2025-09-30	55,260,350	59,528,000	92.83%
2025-06-30	56,006,355	59,515,000	94.10%
2025-03-31	54,348,043	59,439,000	91.43%
2024-12-31	57,808,164	59,333,000	97.43%
2024-09-30	52,936,975	59,367,000	89.17%
2024-06-30	54,126,513	59,339,000	91.22%
2024-03-31	54,524,282	59,232,000	92.05%
2023-12-31	55,718,215	59,076,000	94.32%
2023-09-30	53,742,741	59,093,000	90.95%
2023-06-30	53,021,656	58,857,000	90.09%
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WATERS CORP /DE/ (WAT) — SEC Financial Statements & Analysis

WATERS CORP /DE/ (WAT) is a laboratory analytical instruments company, incorporated in DE. WATERS CORP /DE/ trades on WAT: NYSE as: WAT. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), WATERS CORP /DE/ reported a 26.37% year-over-year revenue growth, a Gross Profit Margin of 56.40% (TTM), a Debt-to-Equity ratio of 0.60x, a Price-to-Sales (P/S) ratio of 6.49x (TTM), a Price-to-Book (P/B) ratio of 1.6 (TTM), at a market cap of $24.46B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 26.37%
Gross Profit Margin TTM: 56.40%
Debt To Equity: 0.60x
P/S TTM: 6.49x
P/B TTM: 1.6
Market Cap: $24.46B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is WATERS CORP /DE/ in?

WATERS CORP /DE/ (WAT) operates in the Laboratory Analytical Instruments industry.

What is WAT's market cap?

WATERS CORP /DE/ (WAT) has a market capitalization of $24.46B as of 2026-03-31.

What is WAT's P/E ratio?

WATERS CORP /DE/ (WAT)'s trailing twelve month P/E ratio is 54.40x as of 2026-03-31.

What exchange does WAT trade on?

WATERS CORP /DE/ (WAT) trades on the WAT: NYSE.

Where is WATERS CORP /DE/ incorporated?

WATERS CORP /DE/ is incorporated in DE.

WATERS CORP /DE/ (WAT) — SEC Financial Statements & Analysis

Frequently Asked Questions

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