Waters Corporation
WATLast close · Oct 16, 2026436.95−7.20 (−1.62%)
Market cap$42.9B
Key indicators
Revenue4.6B+52.5% on a year earlier
2.4B
2.4B
2.4B
2.8B
3.0B
3.0B
3.0B
3.2B
4.6B
6.5B
7.1B
7.5B
Fiscal year
FY201818
FY201919
FY202020
FY202121
FY202222
FY202323
FY202424
FY202525
TTMTTM
FY2026E26E
FY2027E27E
FY2028E28E
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | FY2026E | FY2027E | FY2028E |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||||||
| 2.4B | 2.4B−0.6% | 2.4B−1.7% | 2.8B+17.8% | 3.0B+6.7% | 3.0B−0.5% | 3.0B+0.1% | 3.2B+7.0% | 4.6B+52.5% | 6.5B | 7.1B | 7.5B | |
| — | -0.6% | -1.7% | 17.8% | 6.7% | -0.5% | 0.1% | 7.0% | 52.5% | 104.0% | 10.4% | 5.9% | |
| $7.65 | $8.69+13.6% | $8.36−3.8% | $11.17+33.6% | $11.73+5.0% | $10.84−7.6% | $10.71−1.2% | $10.76+0.5% | $4.00−63.9% | $14.58 | $16.49 | $18.41 | |
| Profitability | ||||||||||||
| 30.6% | 29.4%−1.1 pt | 27.3%−2.1 pt | 29.5%+2.2 pt | 29.4%−0.1 pt | 27.7%−1.7 pt | 27.9%+0.3 pt | 25.4%−2.6 pt | 7.1%−20.6 pt | · | · | · | |
| 24.5% | 24.6%+0.1 pt | 22.1%−2.6 pt | 24.9%+2.8 pt | 23.8%−1.1 pt | 21.7%−2.1 pt | 21.6%−0.2 pt | 20.3%−1.3 pt | 3.6%−18.1 pt | · | · | · | |
| 37.9% | -273.8%−311.7 pt | 224.7%+498.5 pt | 188.5%−36.2 pt | 140.3%−48.2 pt | 55.8%−84.5 pt | 34.9%−20.9 pt | 25.1%−9.8 pt | — | · | · | · | |
| Cash | ||||||||||||
| 508.4M | 479.3M−5.7% | 618.1M+29.0% | 586.0M−5.2% | 435.7M−25.6% | 442.2M+1.5% | 619.6M+40.1% | 539.8M−12.9% | 398.7M−35.6% | · | · | · | |
| 21.0% | 19.9%−1.1 pt | 26.1%+6.2 pt | 21.0%−5.1 pt | 14.7%−6.4 pt | 15.0%+0.3 pt | 20.9%+6.0 pt | 17.1%−3.9 pt | 8.6%−11.7 pt | · | · | · | |
| Balance sheet | ||||||||||||
| 0.73x | -7.77x−8.51x | 5.84x+13.62x | 4.12x−1.72x | 3.02x−1.10x | 2.00x−1.02x | 0.89x−1.11x | 0.37x−0.52x | 0.32x−0.23x | · | · | · | |
| 77.62M | 68.17M−12.2% | 62.41M−8.4% | 62.03M−0.6% | 60.33M−2.7% | 59.27M−1.8% | 59.55M+0.5% | 59.71M+0.3% | 98.20B+164517.1% | · | · | · | |
E = analyst consensus (revenue and EPS only). TTM = the twelve months to Jul 4, 2026: the last fiscal year, plus the quarters since, less the same quarters a year earlier. From the 10-K and the 10-Qs since, as accepted by the SEC; the shaded column is the latest period.