Waters Corporation
WAT Healthcare Diagnostics & Research
Waters Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 6.99% from fiscal 2024. In the quarter to June 2026, revenue grew 113.4%, EPS fell 156.3%, free cash flow grew 750.0% and total debt rose 308.2%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Waters Corporation 10-Q filed Aug 11, 2026
Red flags
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Share dilution
Shares outstanding rose 65.1% in a year, to 98.2 million
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Receivables outpacing revenue
Receivables grew 172.2% while revenue grew 113.4% year over year
What changed
Part II, Item 1A, Risk Factors, against the 10-Q filed May 12, 2026: no comparison — incorporated by reference