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Waters Corporation

$408.34 +$26.38 (+6.91%)

NYSE · 11 Sep 2026 20:00 UTC

Previous Close

$401.64

Day Range

$405.25$410.11

Year Range

$282.77$426.22

Market Cap

30.54B

AVG Volume

917.07K

Trailing/Forward PE

101.58/24.74

PEG ratio

7.67

Dividend Yield

Next Earnings Date

2026-11-03

Primary Exchange

New York Stock Exchange

Revenue (USD)

WAT Revenue (USD) by year
Period	Revenue (USD)
2025	3.17B
2024	2.96B
2023	2.96B
2022	2.97B
2021	2.79B
2020	2.37B
2019	2.41B
2018	2.42B
2017	2.31B
2016	2.17B

Net Income (USD)

WAT Net Income (USD) by year
Period	Net Income (USD)
2025	642.63M
2024	637.83M
2023	642.23M
2022	707.75M
2021	692.84M
2020	521.57M
2019	592.2M
2018	593.79M
2017	20.31M
2016	521.5M

Operating Income (USD)

WAT Operating Income (USD) by year
Period	Operating Income (USD)
2025	842.65M
2024	826.35M
2023	817.68M
2022	873.39M
2021	821.71M
2020	645.49M
2019	708.46M
2018	739.77M
2017	661.79M
2016	624.34M

EBITDA (USD)

WAT EBITDA (USD) by year
Period	EBITDA (USD)
2025	1.02B
2024	1.04B
2023	1B
2022	1.02B
2021	982.81M
2020	785.35M
2019	832.23M
2018	839.2M
2017	803.94M
2016	741.47M

Cash Flows (USD)

WAT Cash Flows (USD) by year
Period	Cash Flows (USD)
2025	539.81M
2024	619.64M
2023	442.18M
2022	436.01M
2021	579.01M
2020	618.12M
2019	479.26M
2018	476.88M
2017	607.17M
2016	534.11M

EPS (USD)

WAT EPS (USD) by year
Period	EPS (USD)
2025	10.77
2024	10.71
2023	10.85
2022	11.75
2021	11.18
2020	8.36
2019	8.78
2018	7.67
2017	0.19
2016	6.4

Expenses (USD)

WAT Expenses (USD) by year
Period	Expenses (USD)
2025	1.1B
2024	1.02B
2023	1.07B
2022	1.01B
2021	963.59M
2020	866.86M
2019	841.57M
2018	807.87M
2017	767.83M
2016	733.18M

Cash & Debt (USD)

WAT Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2025	587.83M
2024	325.36M
2023	395.97M
2022	481.39M
2021	569.28M
2020	443.15M
2019	337.14M
2018	1.74B
2017	3.39B
2016	2.81B

Debt ratios

WAT Debt ratios by year
Period	Debt ratios
2025	0.22
2024	0.34
2023	0.54
2022	0.33
2021	0.3
2020	0.31
2019	0.45
2018	-0.19

Margins

WAT Margins by year
Period	Margins
2025	58.9%
2024	59.43%
2023	59.57%
2022	58%
2021	58.49%
2020	57.44%
2019	58%
2018	58.98%
2017	58.99%
2016	58.87%

Return on Capital

WAT Return on Capital by year
Period	Return on Capital
2025	25.09%
2024	34.88%
2023	55.83%
2022	140.29%
2021	188.5%
2020	224.68%
2019	-273.81%
2018	37.89%
2017	0.91%
2016	22.65%

Shares Outstanding

WAT Shares Outstanding by year
Period	Shares Outstanding
2025	59.55M
2024	59.39M
2023	59.14M
2022	59.33M
2021	60.98M
2020	62.17M
2019	63.8M
2018	74.8M
2017	79.42M
2016	80.37M

Dividends (USD)

WAT Dividends (USD) by year
Period	Dividends (USD)
1996	0.04

Employee Count

WAT Employee Count by year
Period	Employee Count
2025	7.9K
2024	7.6K
2023	7.9K
2022	8.2K
2021	7.8K
2020	7.4K
2019	7.5K
2018	7.2K
2017	7K
2016	6.9K

Book Value Per Share (USD)

WAT Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2025	43.01
2024	30.79
2023	19.45
2022	8.5
2021	6.03
2020	3.73
2019	-3.39
2018	20.95
2017	28.12
2016	28.64

Total Assets (USD)

WAT Total Assets (USD) by year
Period	Total Assets (USD)
2025	5.08B
2024	4.55B
2023	4.63B
2022	3.28B
2021	3.09B
2020	2.84B
2019	2.56B
2018	3.73B
2017	5.34B
2016	4.66B

PE Ratio

WAT PE Ratio by year
Period	PE Ratio
Sep 26	241.37
Sep 26	241.99
Aug 26	245.12
Aug 26	242.77
Aug 26	243.63
Aug 26	74.39
Jul 26	68.99
Jul 26	68.51
Jul 26	67.46
Jul 26	68.83
Jul 26	69.35
Jun 26	68.46
Jun 26	64.99
Jun 26	65
Jun 26	66.8
May 26	70.13
May 26	62.6
May 26	60.19
May 26	32.91
May 26	28.46
Apr 26	28.71
Apr 26	30.37
Apr 26	29.65
Apr 26	28.19
Mar 26	26.79
Mar 26	27.7
Mar 26	26.55
Mar 26	28.03
Feb 26	29.59
Feb 26	30.58
Feb 26	29.67
Feb 26	34.98
Jan 26	34.01
Jan 26	35.99
Jan 26	35.54
Jan 26	36.4
Jan 26	35.04
Dec 25	35.42
Dec 25	34.68
Dec 25	35.35
Dec 25	36.22
Nov 25	37.01
Nov 25	36.15
Nov 25	34.81
Nov 25	34.1
Oct 25	31.46
Oct 25	32.35
Oct 25	30.11
Oct 25	29.78
Oct 25	29.55
Sep 25	26.25
Sep 25	27.07
Sep 25	26.58
Sep 25	27.56
Aug 25	27.16
Aug 25	27.19
Aug 25	26.23
Aug 25	25.3
Aug 25	26.26
Jul 25	27.41
Jul 25	26.01
Jul 25	31.93
Jul 25	31.68
Jun 25	31.88
Jun 25	31
Jun 25	30.97
Jun 25	31.77
May 25	31.59
May 25	31.34
May 25	32.52
May 25	31.13
May 25	32.63
Apr 25	31.46
Apr 25	29.89
Apr 25	30.28
Apr 25	30.25
Mar 25	33.72
Mar 25	34.03
Mar 25	35.11
Mar 25	36.59
Feb 25	35.13
Feb 25	35.71
Feb 25	35.22
Feb 25	39.01
Jan 25	39.58
Jan 25	39.18
Jan 25	38.49
Jan 25	36.23
Jan 25	35.41
Dec 24	35.69
Dec 24	35.07
Dec 24	36.03
Dec 24	36.59
Nov 24	36.65
Nov 24	35.58
Nov 24	34.15
Nov 24	36.63
Nov 24	36.89
Oct 24	32.33
Oct 24	34.71

Free Cash Flow Yield

WAT Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	0.99%
Sep 26	0.99%
Aug 26	0.98%
Aug 26	0.99%
Aug 26	0.98%
Aug 26	0.79%
Jul 26	0.85%
Jul 26	0.86%
Jul 26	0.87%
Jul 26	0.85%
Jul 26	0.85%
Jun 26	0.86%
Jun 26	0.9%
Jun 26	0.9%
Jun 26	0.88%
May 26	0.84%
May 26	0.94%
May 26	0.98%
May 26	2.55%
May 26	2.95%
Apr 26	2.93%
Apr 26	2.77%
Apr 26	2.83%
Apr 26	2.98%
Mar 26	3.14%
Mar 26	3.03%
Mar 26	3.16%
Mar 26	3%
Feb 26	2.84%
Feb 26	3.04%
Feb 26	3.13%
Feb 26	2.65%
Jan 26	2.73%
Jan 26	2.58%
Jan 26	2.61%
Jan 26	2.55%
Jan 26	2.65%
Dec 25	2.62%
Dec 25	2.68%
Dec 25	2.63%
Dec 25	2.56%
Nov 25	2.51%
Nov 25	2.57%
Nov 25	2.67%
Nov 25	2.72%
Oct 25	2.98%
Oct 25	2.89%
Oct 25	3.11%
Oct 25	3.14%
Oct 25	3.17%
Sep 25	3.57%
Sep 25	3.46%
Sep 25	3.52%
Sep 25	3.4%
Aug 25	3.45%
Aug 25	3.44%
Aug 25	3.57%
Aug 25	3.7%
Aug 25	3.59%
Jul 25	3.44%
Jul 25	3.62%
Jul 25	2.95%
Jul 25	2.97%
Jun 25	2.96%
Jun 25	3.04%
Jun 25	3.04%
Jun 25	2.97%
May 25	2.98%
May 25	3.01%
May 25	2.9%
May 25	3.03%
May 25	2.98%
Apr 25	3.09%
Apr 25	3.25%
Apr 25	3.21%
Apr 25	3.21%
Mar 25	2.88%
Mar 25	2.86%
Mar 25	2.77%
Mar 25	2.66%
Feb 25	2.77%
Feb 25	2.79%
Feb 25	2.83%
Feb 25	2.55%
Jan 25	2.52%
Jan 25	2.54%
Jan 25	2.59%
Jan 25	2.75%
Jan 25	2.81%
Dec 24	2.79%
Dec 24	2.84%
Dec 24	2.76%
Dec 24	2.72%
Nov 24	2.72%
Nov 24	2.8%
Nov 24	2.92%
Nov 24	2.72%
Nov 24	2.7%
Oct 24	2.91%
Oct 24	2.71%

Price to Sales

WAT Price to Sales by year
Period	Price to Sales
Sep 26	8.63
Sep 26	8.66
Aug 26	8.77
Aug 26	8.68
Aug 26	8.72
Aug 26	8.86
Jul 26	8.22
Jul 26	8.16
Jul 26	8.04
Jul 26	8.2
Jul 26	8.26
Jun 26	8.16
Jun 26	7.74
Jun 26	7.74
Jun 26	7.96
May 26	8.36
May 26	7.46
May 26	7.17
May 26	6.68
May 26	5.78
Apr 26	5.83
Apr 26	6.17
Apr 26	6.02
Apr 26	5.72
Mar 26	5.44
Mar 26	5.62
Mar 26	5.39
Mar 26	5.69
Feb 26	6.01
Feb 26	6.39
Feb 26	6.2
Feb 26	7.31
Jan 26	7.11
Jan 26	7.52
Jan 26	7.42
Jan 26	7.6
Jan 26	7.32
Dec 25	7.4
Dec 25	7.25
Dec 25	7.39
Dec 25	7.57
Nov 25	7.73
Nov 25	7.55
Nov 25	7.27
Nov 25	7.12
Oct 25	6.83
Oct 25	7.02
Oct 25	6.54
Oct 25	6.47
Oct 25	6.42
Sep 25	5.7
Sep 25	5.88
Sep 25	5.77
Sep 25	5.98
Aug 25	5.9
Aug 25	5.9
Aug 25	5.7
Aug 25	5.49
Aug 25	5.78
Jul 25	6.04
Jul 25	5.73
Jul 25	7.03
Jul 25	6.98
Jun 25	7.02
Jun 25	6.83
Jun 25	6.82
Jun 25	7
May 25	6.96
May 25	6.9
May 25	7.16
May 25	6.86
May 25	7.03
Apr 25	6.78
Apr 25	6.44
Apr 25	6.53
Apr 25	6.52
Mar 25	7.27
Mar 25	7.34
Mar 25	7.57
Mar 25	7.89
Feb 25	7.57
Feb 25	7.65
Feb 25	7.55
Feb 25	8.36
Jan 25	8.48
Jan 25	8.4
Jan 25	8.25
Jan 25	7.77
Jan 25	7.59
Dec 24	7.65
Dec 24	7.52
Dec 24	7.72
Dec 24	7.84
Nov 24	7.85
Nov 24	7.63
Nov 24	7.32
Nov 24	7.85
Nov 24	7.91
Oct 24	6.7
Oct 24	7.19

EV/EBITDA

WAT EV/EBITDA by year
Period	EV/EBITDA
Sep 26	50.03
Sep 26	50.14
Aug 26	50.73
Aug 26	50.29
Aug 26	50.45
Aug 26	41.67
Jul 26	39.05
Jul 26	38.82
Jul 26	38.31
Jul 26	38.97
Jul 26	39.23
Jun 26	38.79
Jun 26	37.11
Jun 26	37.11
Jun 26	37.99
May 26	39.61
May 26	35.94
May 26	34.78
May 26	21.51
May 26	18.72
Apr 26	18.88
Apr 26	19.92
Apr 26	19.47
Apr 26	18.56
Mar 26	17.68
Mar 26	18.25
Mar 26	17.53
Mar 26	18.46
Feb 26	19.44
Feb 26	19.99
Feb 26	19.42
Feb 26	22.72
Jan 26	22.12
Jan 26	23.35
Jan 26	23.07
Jan 26	23.6
Jan 26	22.76
Dec 25	22.99
Dec 25	22.53
Dec 25	22.95
Dec 25	23.49
Nov 25	23.98
Nov 25	23.44
Nov 25	22.61
Nov 25	22.17
Oct 25	20.79
Oct 25	21.34
Oct 25	19.94
Oct 25	19.74
Oct 25	19.59
Sep 25	17.53
Sep 25	18.04
Sep 25	17.73
Sep 25	18.35
Aug 25	18.1
Aug 25	18.12
Aug 25	17.52
Aug 25	16.94
Aug 25	17.47
Jul 25	18.18
Jul 25	17.31
Jul 25	21
Jul 25	20.84
Jun 25	20.97
Jun 25	20.42
Jun 25	20.4
Jun 25	20.9
May 25	20.79
May 25	20.63
May 25	21.37
May 25	20.5
May 25	21.41
Apr 25	20.69
Apr 25	19.72
Apr 25	19.96
Apr 25	19.95
Mar 25	22.08
Mar 25	22.27
Mar 25	22.94
Mar 25	23.85
Feb 25	22.95
Feb 25	23.61
Feb 25	23.31
Feb 25	25.65
Jan 25	26
Jan 25	25.76
Jan 25	25.33
Jan 25	23.94
Jan 25	23.43
Dec 24	23.6
Dec 24	23.22
Dec 24	23.81
Dec 24	24.16
Nov 24	24.19
Nov 24	23.53
Nov 24	22.65
Nov 24	24.18
Nov 24	24.34
Oct 24	21.51
Oct 24	22.96

Price/Operating Cashflow

WAT Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	72.93
Sep 26	73.11
Aug 26	74.06
Aug 26	73.35
Aug 26	73.61
Aug 26	85.69
Jul 26	79.47
Jul 26	78.91
Jul 26	77.71
Jul 26	79.28
Jul 26	79.88
Jun 26	78.86
Jun 26	74.86
Jun 26	74.88
Jun 26	76.95
May 26	80.78
May 26	72.11
May 26	69.34
May 26	32.41
May 26	28.02
Apr 26	28.28
Apr 26	29.91
Apr 26	29.2
Apr 26	27.76
Mar 26	26.39
Mar 26	27.28
Mar 26	26.15
Mar 26	27.61
Feb 26	29.14
Feb 26	27.25
Feb 26	26.44
Feb 26	31.17
Jan 26	30.31
Jan 26	32.07
Jan 26	31.67
Jan 26	32.44
Jan 26	31.23
Dec 25	31.56
Dec 25	30.91
Dec 25	31.5
Dec 25	32.28
Nov 25	32.98
Nov 25	32.21
Nov 25	31.02
Nov 25	30.39
Oct 25	27.91
Oct 25	28.7
Oct 25	26.71
Oct 25	26.43
Oct 25	26.22
Sep 25	23.29
Sep 25	24.02
Sep 25	23.58
Sep 25	24.46
Aug 25	24.1
Aug 25	24.13
Aug 25	23.28
Aug 25	22.45
Aug 25	22.74
Jul 25	23.73
Jul 25	22.52
Jul 25	27.64
Jul 25	27.43
Jun 25	27.61
Jun 25	26.84
Jun 25	26.81
Jun 25	27.51
May 25	27.36
May 25	27.13
May 25	28.16
May 25	26.95
May 25	27.31
Apr 25	26.33
Apr 25	25.01
Apr 25	25.34
Apr 25	25.32
Mar 25	28.22
Mar 25	28.48
Mar 25	29.39
Mar 25	30.62
Feb 25	29.4
Feb 25	29.56
Feb 25	29.16
Feb 25	32.29
Jan 25	32.77
Jan 25	32.44
Jan 25	31.86
Jan 25	30
Jan 25	29.32
Dec 24	29.54
Dec 24	29.03
Dec 24	29.83
Dec 24	30.29
Nov 24	30.34
Nov 24	29.45
Nov 24	28.27
Nov 24	30.32
Nov 24	30.54
Oct 24	27.3
Oct 24	29.31

Price to Book

WAT Price to Book by year
Period	Price to Book
Sep 26	2.64
Sep 26	2.65
Aug 26	2.68
Aug 26	2.65
Aug 26	2.66
Aug 26	2.19
Jul 26	2.03
Jul 26	2.01
Jul 26	1.98
Jul 26	2.02
Jul 26	2.04
Jun 26	2.01
Jun 26	1.91
Jun 26	1.91
Jun 26	1.96
May 26	2.06
May 26	1.84
May 26	1.77
May 26	8.26
May 26	7.14
Apr 26	7.2
Apr 26	7.62
Apr 26	7.44
Apr 26	7.07
Mar 26	6.72
Mar 26	6.95
Mar 26	6.66
Mar 26	7.03
Feb 26	7.43
Feb 26	8.51
Feb 26	8.26
Feb 26	9.74
Jan 26	9.47
Jan 26	10.02
Jan 26	9.89
Jan 26	10.13
Jan 26	9.76
Dec 25	9.86
Dec 25	9.66
Dec 25	9.84
Dec 25	10.08
Nov 25	10.3
Nov 25	10.06
Nov 25	9.69
Nov 25	9.49
Oct 25	9.63
Oct 25	9.91
Oct 25	9.22
Oct 25	9.12
Oct 25	9.05
Sep 25	8.04
Sep 25	8.29
Sep 25	8.14
Sep 25	8.44
Aug 25	8.32
Aug 25	8.33
Aug 25	8.03
Aug 25	7.75
Aug 25	8.79
Jul 25	9.18
Jul 25	8.71
Jul 25	10.69
Jul 25	10.61
Jun 25	10.67
Jun 25	10.38
Jun 25	10.37
Jun 25	10.64
May 25	10.58
May 25	10.49
May 25	10.89
May 25	10.42
May 25	11.38
Apr 25	10.97
Apr 25	10.43
Apr 25	10.56
Apr 25	10.55
Mar 25	11.76
Mar 25	11.87
Mar 25	12.25
Mar 25	12.76
Feb 25	12.26
Feb 25	13.87
Feb 25	13.68
Feb 25	15.15
Jan 25	15.37
Jan 25	15.22
Jan 25	14.95
Jan 25	14.07
Jan 25	13.75
Dec 24	13.86
Dec 24	13.62
Dec 24	14
Dec 24	14.21
Nov 24	14.23
Nov 24	13.82
Nov 24	13.26
Nov 24	14.23
Nov 24	14.33
Oct 24	13.64
Oct 24	14.64

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News: WAT

prnewswire.com · 11 Sep 2026

Waters Corporation to Present at the J.P. Morgan U.S. All Stars Conference

MILFORD, Mass., Sept. 11, 2026 /PRNewswire/ -- Waters Corporation (NYSE: WAT) announced that Udit Batra, Ph.D.

seekingalpha.com · 9 Sep 2026

Waters Corporation (WAT) Presents at Wells Fargo 21st Annual Healthcare Conference Transcript

zacks.com · 3 Sep 2026

Why Is Waters (WAT) Up 3.1% Since Last Earnings Report?

Waters (WAT) reported earnings 30 days ago. What's next for the stock?

defenseworld.net · 2 Sep 2026

Waters Corporation $WAT Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Waters Corporation (NYSE: WAT) by 72.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,189 shares of the medical instruments supplier's stock after purchasing an additional 1,760 shares during the

benzinga.com · 27 Aug 2026

This Waters Analyst Turns Bullish; Here Are Top 3 Upgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

businesswire.com · 27 Aug 2026

LetsGetChecked Powered by Fuze Health Partners with Waters Corporation to Bring the Most Comprehensive FDA-Cleared At-Home HPV Cervical Cancer Screening Tool Available in the U.S. Today to Patients

WEST CHESTER, Ohio--(BUSINESS WIRE)--LetsGetChecked now offers the most comprehensive FDA-cleared at-home HPV screening tool available in the U.S.

prnewswire.com · 26 Aug 2026

Waters Corporation to Present at the Wells Fargo Healthcare Conference

MILFORD, Mass., Aug. 26, 2026 /PRNewswire/ -- Waters Corporation (NYSE: WAT) announced that Udit Batra, Ph.D.

defenseworld.net · 26 Aug 2026

Bank of Nova Scotia Sells 3,735 Shares of Waters Corporation $WAT

Bank of Nova Scotia cut its stake in shares of Waters Corporation (NYSE: WAT) by 27.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,923 shares of the medical instruments supplier's stock after selling 3,735 shares during the period.