Saturday 17 October 2026 Export WAT’s income statement to Excel — free account

Waters Corporation

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.

436.95 7.20 −1.62%

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Market cap: $43.6B
P/E: 109×
Fwd P/E: 44.3×
Dividend yield: —
F-score: 5/9
Altman Z: 9.63
Beneish M: −2.37
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
ROE Full definition →	+8 more TTM periods Free account	32.96%	29.27%	5.21%	1.92%
Piotroski F-Score Full definition →		6	5	2	4
ROA Full definition →		13.83%	13.35%	3.09%	1.13%
ROIC Full definition →		18.28%	17.17%	1.92%	1.05%
Return on Tangible Assets Full definition →		49.69%	41.43%	13.58%	4.69%
Average Days of Receivables Full definition →		87.97	95.59	169.71	156.16
Free Cash Flow per Share Full definition →		10.12	8.53	2.82	3.73
Free Cash Flow Full definition →		602.27	507.60	231.60	366.60
Capital Expenditures Full definition →		(125.88)	(144.96)	(157.96)	(182.96)
Other line items
Cash ROIC Full definition →		16.12%	12.39%	1.12%	1.78%
Accounts Receivable Turnover Full definition →		4.38	4.05	3.06	3.42
Accounts Payable Turnover Full definition →		12.12	12.64	4.80	4.75
Inventory Turnover Full definition →		2.33	2.46	1.68	2.38
Average Days of Payables Full definition →		33.15	29.45	129.95	138.11
Days of Inventory on Hand Full definition →		164.11	161.99	322.94	220.36
Tax Rate Full definition →		(0.16)	(0.15)	(0.14)	(0.19)
Research and Development Expense of Revenue Full definition →		6.33%	6.18%	6.49%	6.84%
Selling, General and Administrative Expense of Revenue Full definition →		24.46%	26.23%	27.67%	26.92%
Share Based Compensation of Revenue Full definition →		1.65%	1.71%	1.62%	1.57%
Interest Coverage Full definition →		11.05	11.54	5.83	2.22
Operating CF/Net income Full definition →		1.12	1.02	0.87	3.30
Depreciation/Fixed assets Full definition →		0.32	0.32	0.24	0.41
Capex/Depreciation Full definition →		(0.62)	(0.70)	(0.43)	(0.30)
Revenue per Share Full definition →		52.17	53.19	45.90	47.29
Operating CF per Share Full definition →		12.23	10.97	4.74	5.60
Capex per Share Full definition →		(2.11)	(2.44)	(1.92)	(1.86)
Capex to Sales Full definition →		0.04	0.05	0.04	0.04

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Columns are period end dates

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