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 (WAT) Net income
Waters Corporation's net income for fiscal 2025 was $642.6M, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $166.6M. Over the past ten years it has ranged from $20.3M (fiscal 2017) to $707.8M (fiscal 2022); the current reading is higher than 82% of that period. Waters Corporation ranks 13th of 52 Diagnostics & Research companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $642.6M | 0.75% |
| FY2024 | $637.8M | (0.69%) |
| FY2023 | $642.2M | (9.26%) |
| FY2022 | $707.8M | 2.15% |
| FY2021 | $692.8M | 32.84% |
| FY2020 | $521.6M | (11.93%) |
| FY2019 | $592.2M | (0.27%) |
| FY2018 | $593.8M | 2,823.51% |
| FY2017 | $20.3M | (96.11%) |
| FY2016 | $521.5M | 11.18% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Jun 2026 | −$136.0M | — |
| Mar 2026 | −$72.0M | — |
| Dec 2025 | $225.2M | 50.73% |
| Sep 2025 | $149.4M | 1.64% |
| 42 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| A Agilent Technologies, Inc. compare | $1.4B |
| IQV IQVIA Holdings Inc. compare | $1.4B |
| IDXX IDEXX Laboratories, Inc. compare | $1.1B |
| DGX Quest Diagnostics Incorporated compare | $1.1B |
| LH Labcorp Holdings Inc. compare | $1.0B |
| MTD Mettler-Toledo International, Inc. compare | $905.6M |
| ILMN Illumina, Inc. compare | $824.0M |
| WAT Waters Corporation | $166.6M |
| NTRA Natera, Inc. compare | −$192.3M |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
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- P/E ratio
- P/S ratio
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- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
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