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) Shares outstanding
Waters Corporation's shares outstanding at the end of fiscal 2025 was $59.7M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $98.2M. Over the past ten years it has ranged from $59.3M (fiscal 2023) to $83.1M (fiscal 2015); the current reading is higher than 27% of that period. Waters Corporation ranks 18th of 52 Diagnostics & Research companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $59.7M | 0.26% |
| FY2024 | $59.6M | 0.48% |
| FY2023 | $59.3M | (1.76%) |
| FY2022 | $60.3M | (2.74%) |
| FY2021 | $62.0M | (0.62%) |
| FY2020 | $62.4M | (8.44%) |
| FY2019 | $68.2M | (12.18%) |
| FY2018 | $77.6M | (3.70%) |
| FY2017 | $80.6M | (1.00%) |
| FY2016 | $81.4M | (2.01%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $98.2M | 19.56% |
| Mar 2026 | $82.1M | 37.57% |
| Dec 2025 | $59.7M | 0.14% |
| Sep 2025 | $59.6M | (0.06%) |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| A Agilent Technologies, Inc. compare | $283.0M |
| IQV IQVIA Holdings Inc. compare | $167.3M |
| ILMN Illumina, Inc. compare | $153.0M |
| NTRA Natera, Inc. compare | $143.3M |
| DGX Quest Diagnostics Incorporated compare | $112.0M |
| WAT Waters Corporation | $98.2M |
| LH Labcorp Holdings Inc. compare | $82.0M |
| IDXX IDEXX Laboratories, Inc. compare | $79.3M |
| MTD Mettler-Toledo International, Inc. compare | $20.2M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
More on WAT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement