Revenue
$1.64B
Fiscal year ended 2026-07-04Operating income
-$86.00M
Fiscal year ended 2026-07-04Free cash flow
Unavailable
Fiscal year ended 2026-07-04WATERS CORP /DE/ (WAT) reported revenue of $1.64B and net income of -$136.00M for the fiscal year ended 2026-07-04. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from WATERS CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Laboratory Analytical Instruments.
Income
| Metric | 2026-07-04 | 2026-04-04 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.27B | $932.36M | $799.89M | $771.00M | $662.00M | $872.71M | $740.30M | $708.53M | $636.84M |
| Cost of revenue | Unavailable | Unavailable | $362.86M | Unavailable | Unavailable | Unavailable | $348.52M | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | $569.50M | Unavailable | Unavailable | Unavailable | $524.20M | Unavailable | Unavailable | Unavailable |
| Operating income | -$86.00M | -$47.00M | $270.52M | $192.11M | $188.00M | $152.00M | $292.26M | $211.13M | $189.11M | $133.85M |
| Net income | -$136.00M | -$72.00M | $225.21M | $148.92M | $147.00M | $121.00M | $231.40M | $161.50M | $142.74M | $102.20M |
| Research & development | $122.00M | $96.00M | $46.90M | $53.64M | $49.00M | $47.00M | $46.91M | $45.34M | $46.18M | $44.60M |
| Weighted-average diluted shares | Unavailable | Unavailable | shares 59.76M | shares 59.62M | Unavailable | Unavailable | shares 59.64M | shares 59.50M | shares 59.45M | shares 59.43M |
| Pretax income | -$141.00M | -$88.00M | $264.18M | $170.12M | $178.00M | $143.00M | $276.98M | $193.62M | $169.41M | $114.86M |
| Income tax expense | -$5.00M | -$16.00M | $38.97M | $21.20M | $31.00M | $22.00M | $45.58M | $32.11M | $26.68M | $12.66M |
| Diluted EPS | $-1.39 | $-0.87 | $3.77 | $2.50 | $2.47 | $2.03 | $3.88 | $2.71 | $2.40 | $1.72 |
| Selling, general & administrative | $405.00M | $387.00M | $240.01M | $214.23M | $198.00M | $174.00M | $173.27M | $169.10M | $173.25M | $174.54M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-07-04 | 2026-04-04 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $539.00M | $462.00M | $588.00M | $459.12M | $367.22M | $382.87M | $325.36M | $330.51M | $326.43M | $337.29M |
| Total assets | $24.75B | $24.53B | $5.08B | $4.86B | $4.72B | $4.59B | $4.55B | $4.51B | $4.45B | $4.51B |
| Current assets | $4.46B | $4.06B | $2.15B | $1.92B | $1.78B | $1.74B | $1.67B | $1.65B | $1.60B | $1.64B |
| Total liabilities | $9.56B | $9.24B | $2.52B | $2.53B | $2.56B | $2.63B | $2.73B | $2.91B | $3.04B | $3.25B |
| Current liabilities | $2.40B | $2.27B | $1.24B | $1.25B | $1.02B | $960.97M | $789.76M | $816.04M | $762.53M | $848.46M |
| Total equity incl. NCI | $15.20B | $15.29B | $2.56B | $2.33B | $2.16B | $1.96B | $1.83B | $1.60B | $1.41B | $1.26B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.38B | $1.50B | $572.00M | $572.94M | $540.75M | $511.50M | $477.26M | $518.99M | $522.93M | $538.63M |
| Accounts receivable | $1.99B | $673.00M | $829.00M | $748.52M | $730.07M | $713.28M | $733.36M | $669.53M | $610.09M | $626.33M |
| Goodwill | $9.42B | $9.32B | $1.34B | $1.34B | $1.34B | $1.30B | $1.30B | $1.31B | $1.30B | $1.30B |
| Long-term debt | $4.89B | $4.86B | $947.00M | $947.21M | $1.20B | $1.36B | $1.63B | $1.83B | $2.01B | $2.01B |
| Accounts payable | $863.00M | $602.00M | $104.00M | $115.73M | $97.91M | $102.06M | $99.93M | $94.60M | $78.44M | $86.22M |
Cash flow
| Metric | 2026-07-04 | 2026-04-04 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $201.00M | -$3.00M | $164.55M | $187.00M | $41.00M | $260.00M | $240.14M | $204.58M | $54.53M | $262.87M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $2.00M | $95.00M | -$42.13M | -$25.12M | -$59.00M | -$26.00M | -$51.18M | -$26.05M | -$36.12M | -$29.74M |
| Financing cash flow | -$124.00M | -$213.00M | $3.34M | -$66.54M | -$1.00M | -$173.00M | -$193.58M | -$176.88M | -$34.04M | -$292.18M |
| Net change in cash | $77.00M | -$126.00M | $128.71M | $91.76M | -$16.00M | $58.00M | -$5.16M | $4.09M | -$10.86M | -$57.79M |
| Stock-based compensation | $25.00M | $20.00M | $14.50M | $13.62M | $13.00M | $13.00M | $11.72M | $10.65M | $11.43M | $10.91M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $2.00M | $12.00M | $144.00K | $523.00K | $0 | $14.00M | $66.00K | $141.00K | $245.00K | $13.09M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-07-04 | 2026-04-04 | 2025-12-31 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 | 2024-06-29 | 2024-03-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | 61.1% | Unavailable | Unavailable | Unavailable | 60.1% | Unavailable | Unavailable | Unavailable |
| Operating margin | -5.2% | -3.7% | 29.0% | 24.0% | 24.4% | 23.0% | 33.5% | 28.5% | 26.7% | 21.0% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.5% | 1.6% | 1.6% | 1.7% | 1.7% | 2.0% | 1.3% | 1.4% | 1.6% | 1.7% |
| Current ratio | 1.86x | 1.79x | 1.73x | 1.53x | 1.75x | 1.81x | 2.11x | 2.02x | 2.10x | 1.94x |
| Revenue YoY growth | 113.4% | 91.4% | 6.8% | 8.0% | 8.8% | 4.0% | 6.5% | 4.0% | -4.3% | -7.0% |
| Net margin | -8.3% | -5.7% | 24.2% | 18.6% | 19.1% | 18.3% | 26.5% | 21.8% | 20.1% | 16.0% |
| R&D / revenue | 7.4% | 7.6% | 5.0% | 6.7% | 6.4% | 7.1% | 5.4% | 6.1% | 6.5% | 7.0% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.32x | Unavailable | 0.37x | 0.41x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | 14.8% | 12.5% | 17.4% | 15.4% | 16.5% | 16.6% | 15.7% | 11.0% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WAT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-12View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.