Financials in USD. Standardized financial statements.
A compact view of how Waters Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.17B | $2.96B | $2.96B | $2.97B | $2.79B | $2.37B | $2.41B | $2.42B | $2.31B | $2.17B |
| Revenue Growth? | +7.0% | +0.1% | -0.5% | +6.7% | +17.8% | -1.7% | -0.6% | +4.8% | +6.5% | 0.0% |
| Cost of Revenue? | $1.34B | $1.20B | $1.20B | $1.25B | $1.16B | $1.01B | $1.01B | $992.56M | $947.07M | $891.45M |
| Gross Profit? | $1.83B | $1.76B | $1.76B | $1.72B | $1.63B | $1.36B | $1.40B | $1.43B | $1.36B | $1.28B |
| Gross Margin? | +57.8% | +59.4% | +59.6% | +58.0% | +58.5% | +57.4% | +58.0% | +59.0% | +59.0% | +58.9% |
| Operating Expenses? | $935.45M | $931.83M | $943.52M | $850.38M | $807.63M | $713.19M | $687.44M | $687.59M | $699.81M | $650.93M |
| Operating Income? | $893.22M | $826.35M | $817.68M | $873.39M | $821.71M | $645.49M | $708.46M | $739.77M | $662.20M | $625.04M |
| EBITDA? | $1.01B | $1.04B | $1.00B | $1.02B | $982.81M | $785.35M | $832.23M | $839.20M | $803.94M | $741.47M |
| Income Before Tax | $754.88M | $754.87M | $736.24M | $837.85M | $806.19M | $610.91M | $678.24M | $682.15M | $641.10M | $600.11M |
| Income Tax Expense | $112.25M | $117.03M | $94.01M | $130.09M | $113.35M | $89.34M | $86.04M | $88.35M | $620.79M | $78.61M |
| Net Income? | $642.63M | $637.83M | $642.23M | $707.75M | $692.84M | $521.57M | $592.20M | $593.79M | $20.31M | $521.50M |
| EPS? | $10.80 | $10.75 | $10.87 | $11.80 | $11.25 | $8.40 | $8.76 | $7.71 | $0.25 | $6.46 |
| Diluted EPS? | $10.76 | $10.71 | $10.84 | $11.73 | $11.17 | $8.36 | $8.69 | $7.65 | $0.25 | $6.41 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality