FY2025 · ended Dec 31, 2025 · Revenue $3.17B, +7.0% YoY · Filed Feb 23, 2026
Waters Corporation (WAT) files with the SEC under industry code 3826, Laboratory Analytical Instruments. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.2 billion and net income of $642.6 million. Free cash flow was $539.8 million. As of Jul 4, 2026 it held $539.0 million in cash and investments and $5.3 billion in total debt.
Revenue (TTM)
$4.64B
+52.5% vs year-ago TTM
Net income (TTM)
$166.63M
Operating cash flow (TTM)
$549.55M
-26.3% vs year-ago TTM
Free cash flow
$539.81M
EPS (TTM)
$0.01
Dividend per share
None
Shares outstanding
98.10M
+65.1% vs prior year
Net cash
$-4.71B
as of Jul 4, 2026
Operating margin
7.1%
FY 2026
Company profile
- Industry
- Laboratory Analytical Instruments (SIC 3826)
- Listed as
- WAT (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Milford, MA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1000697
Other Laboratory Analytical Instruments companies
- Agilent Technologies, Inc. A
- Illumina, Inc. ILMN
- Mettler Toledo International INC/ MTD
- Revvity, Inc. RVTY
- Avantor, Inc. AVTR
- Bio-Rad Laboratories, Inc. BIO
- Bruker Corp BRKR
- 10x Genomics, Inc. TXG
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.0B | $3.0B | $3.0B | $2.8B |
| Operating income | $802.6M | $826.4M | $817.7M | $873.4M | $821.7M |
| Net income | $642.6M | $637.8M | — | — | — |
| Diluted EPS | $10.76 | $10.71 | $10.84 | $11.73 | $11.17 |
| Operating cash flow | $652.6M | $762.1M | $602.8M | $611.7M | $747.3M |
| Free cash flow | $539.8M | — | — | — | — |
| Total assets | $5.1B | $4.6B | $4.6B | $3.3B | $3.1B |
| Total liabilities | $2.5B | $2.7B | $3.5B | $2.8B | $2.7B |
| Stockholders' equity | $2.6B | $1.8B | $1.2B | $504.5M | $367.6M |
| Cash and investments | $587.8M | $326.3M | $396.0M | $481.4M | $569.3M |
| Total debt | $1.5B | $1.7B | $2.4B | $1.7B | $1.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Officer or director change, Other events
|
Aug 21, 2026 | Aug 17, 2026 |
| 10-Q | Quarterly report | Aug 11, 2026 | Jul 4, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 4, 2026 | Aug 4, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 22, 2026 | May 21, 2026 |
| 10-Q | Quarterly report | May 12, 2026 | Apr 4, 2026 |
All 1006 Waters Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.