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) Total debt
Waters Corporation's total debt at the end of fiscal 2025 was $947.4M, down 41.7% from $1.6B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $4.9B. Over the past ten years it has ranged from $947.4M (fiscal 2025) to $2.3B (fiscal 2023) — the current reading is the lowest in ten years. Waters Corporation ranks 6th of 50 Diagnostics & Research companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $947.4M | (41.75%) |
| FY2024 | $1.6B | (29.45%) |
| FY2023 | $2.3B | 51.19% |
| FY2022 | $1.5B | 0.73% |
| FY2021 | $1.5B | 25.47% |
| FY2020 | $1.2B | (23.68%) |
| FY2019 | $1.6B | 37.68% |
| FY2018 | $1.1B | (39.49%) |
| FY2017 | $1.9B | 11.49% |
| FY2016 | $1.7B | 13.99% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $4.9B | 0.64% |
| Mar 2026 | $4.9B | 412.67% |
| Dec 2025 | $947.0M | (0.02%) |
| Sep 2025 | $947.2M | (20.87%) |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| IQV IQVIA Holdings Inc. compare | $16.0B |
| LH Labcorp Holdings Inc. compare | $5.9B |
| DGX Quest Diagnostics Incorporated compare | $5.6B |
| WAT Waters Corporation | $4.9B |
| A Agilent Technologies, Inc. compare | $3.6B |
| MTD Mettler-Toledo International, Inc. compare | $2.1B |
| ILMN Illumina, Inc. compare | $1.5B |
| IDXX IDEXX Laboratories, Inc. compare | $449.9M |
| NTRA Natera, Inc. compare | $80.3M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement