Waters (WAT) Financials & Stock Analysis

Waters

NYSE: WAT · USD

Revenue

USD millions

$1,645M

Waters Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Revenue
FY 2009 Q2	$362.837M; Change unavailable vs FY 2009 Q1
FY 2009 Q3	$373.963M; +3.1% vs FY 2009 Q2
FY 2009 Q4	$428.848M; +14.7% vs FY 2009 Q3
FY 2010 Q1	$367.7M; −14.3% vs FY 2009 Q4
FY 2010 Q2	$391.055M; +6.4% vs FY 2010 Q1
FY 2010 Q3	$401.038M; +2.6% vs FY 2010 Q2
FY 2010 Q4	$483.578M; +20.6% vs FY 2010 Q3
FY 2011 Q1	$427.603M; −11.6% vs FY 2010 Q4
FY 2011 Q2	$447.627M; +4.7% vs FY 2011 Q1
FY 2011 Q3	$454.534M; +1.5% vs FY 2011 Q2
FY 2011 Q4	$521.42M; +14.7% vs FY 2011 Q3
FY 2012 Q1	$420.458M; −19.4% vs FY 2011 Q4
FY 2012 Q2	$451.465M; +7.4% vs FY 2012 Q1
FY 2012 Q3	$449.952M; −0.3% vs FY 2012 Q2
FY 2012 Q4	$521.766M; +16.0% vs FY 2012 Q3
FY 2013 Q1	$430.338M; −17.5% vs FY 2012 Q4
FY 2013 Q2	$451.115M; +4.8% vs FY 2013 Q1
FY 2013 Q3	$457.317M; +1.4% vs FY 2013 Q2
FY 2013 Q4	$565.448M; +23.6% vs FY 2013 Q3
FY 2014 Q1	$430.508M; −23.9% vs FY 2013 Q4
FY 2014 Q2	$481.801M; +11.9% vs FY 2014 Q1
FY 2014 Q3	$493.165M; +2.4% vs FY 2014 Q2
FY 2014 Q4	$583.87M; +18.4% vs FY 2014 Q3
FY 2015 Q1	$460.404M; −21.1% vs FY 2014 Q4
FY 2015 Q2	$494.74M; +7.5% vs FY 2015 Q1
FY 2015 Q3	$500.578M; +1.2% vs FY 2015 Q2
FY 2015 Q4	$586.61M; +17.2% vs FY 2015 Q3
FY 2016 Q1	$475.246M; −19.0% vs FY 2015 Q4
FY 2016 Q2	$536.56M; +12.9% vs FY 2016 Q1
FY 2016 Q3	$526.83M; −1.8% vs FY 2016 Q2
FY 2016 Q4	$628.787M; +19.4% vs FY 2016 Q3
FY 2017 Q1	$497.969M; −20.8% vs FY 2016 Q4
FY 2017 Q2	$558.25M; +12.1% vs FY 2017 Q1
FY 2017 Q3	$565.584M; +1.3% vs FY 2017 Q2
FY 2017 Q4	$687.275M; +21.5% vs FY 2017 Q3
FY 2018 Q1	$530.67M; −22.8% vs FY 2017 Q4
FY 2018 Q2	$596.219M; +12.4% vs FY 2018 Q1
FY 2018 Q3	$578.021M; −3.1% vs FY 2018 Q2
FY 2018 Q4	$715.019M; +23.7% vs FY 2018 Q3
FY 2019 Q1	$513.862M; −28.1% vs FY 2018 Q4
FY 2019 Q2	$599.162M; +16.6% vs FY 2019 Q1
FY 2019 Q3	$577.278M; −3.7% vs FY 2019 Q2
FY 2019 Q4	$716.294M; +24.1% vs FY 2019 Q3
FY 2020 Q1	$464.939M; −35.1% vs FY 2019 Q4
FY 2020 Q2	$519.984M; +11.8% vs FY 2020 Q1
FY 2020 Q3	$593.784M; +14.2% vs FY 2020 Q2
FY 2020 Q4	$786.658M; +32.5% vs FY 2020 Q3
FY 2021 Q1	$608.545M; −22.6% vs FY 2020 Q4
FY 2021 Q2	$681.647M; +12.0% vs FY 2021 Q1
FY 2021 Q3	$659.233M; −3.3% vs FY 2021 Q2
FY 2021 Q4	$836.449M; +26.9% vs FY 2021 Q3
FY 2022 Q1	$690.572M; −17.4% vs FY 2021 Q4
FY 2022 Q2	$714.319M; +3.4% vs FY 2022 Q1
FY 2022 Q3	$708.555M; −0.8% vs FY 2022 Q2
FY 2022 Q4	$858.51M; +21.2% vs FY 2022 Q3
FY 2023 Q1	$684.674M; −20.2% vs FY 2022 Q4
FY 2023 Q2	$740.576M; +8.2% vs FY 2023 Q1
FY 2023 Q3	$711.692M; −3.9% vs FY 2023 Q2
FY 2023 Q4	$819.474M; +15.1% vs FY 2023 Q3
FY 2024 Q1	$636.839M; −22.3% vs FY 2023 Q4
FY 2024 Q2	$708.529M; +11.3% vs FY 2024 Q1
FY 2024 Q3	$740.305M; +4.5% vs FY 2024 Q2
FY 2024 Q4	$872.714M; +17.9% vs FY 2024 Q3
FY 2025 Q1	$661.705M; −24.2% vs FY 2024 Q4
FY 2025 Q2	$771.332M; +16.6% vs FY 2025 Q1
FY 2025 Q3	$799.887M; +3.7% vs FY 2025 Q2
FY 2025 Q4	$932.362M; +16.6% vs FY 2025 Q3
FY 2026 Q1	$1,267M; +35.9% vs FY 2025 Q4
FY 2026 Q2	$1,645M; +29.8% vs FY 2026 Q1

Free cash flow

USD millions

$153M

Waters Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Free cash flow
FY 2009 Q2	Unavailable; Change unavailable vs FY 2009 Q1
FY 2009 Q3	Unavailable; Change unavailable vs FY 2009 Q2
FY 2009 Q4	Unavailable; Change unavailable vs FY 2009 Q3
FY 2010 Q1	Unavailable; Change unavailable vs FY 2009 Q4
FY 2010 Q2	Unavailable; Change unavailable vs FY 2010 Q1
FY 2010 Q3	Unavailable; Change unavailable vs FY 2010 Q2
FY 2010 Q4	Unavailable; Change unavailable vs FY 2010 Q3
FY 2011 Q1	Unavailable; Change unavailable vs FY 2010 Q4
FY 2011 Q2	Unavailable; Change unavailable vs FY 2011 Q1
FY 2011 Q3	Unavailable; Change unavailable vs FY 2011 Q2
FY 2011 Q4	Unavailable; Change unavailable vs FY 2011 Q3
FY 2012 Q1	Unavailable; Change unavailable vs FY 2011 Q4
FY 2012 Q2	Unavailable; Change unavailable vs FY 2012 Q1
FY 2012 Q3	Unavailable; Change unavailable vs FY 2012 Q2
FY 2012 Q4	Unavailable; Change unavailable vs FY 2012 Q3
FY 2013 Q1	Unavailable; Change unavailable vs FY 2012 Q4
FY 2013 Q2	Unavailable; Change unavailable vs FY 2013 Q1
FY 2013 Q3	Unavailable; Change unavailable vs FY 2013 Q2
FY 2013 Q4	Unavailable; Change unavailable vs FY 2013 Q3
FY 2014 Q1	Unavailable; Change unavailable vs FY 2013 Q4
FY 2014 Q2	Unavailable; Change unavailable vs FY 2014 Q1
FY 2014 Q3	Unavailable; Change unavailable vs FY 2014 Q2
FY 2014 Q4	Unavailable; Change unavailable vs FY 2014 Q3
FY 2015 Q1	Unavailable; Change unavailable vs FY 2014 Q4
FY 2015 Q2	Unavailable; Change unavailable vs FY 2015 Q1
FY 2015 Q3	Unavailable; Change unavailable vs FY 2015 Q2
FY 2015 Q4	Unavailable; Change unavailable vs FY 2015 Q3
FY 2016 Q1	Unavailable; Change unavailable vs FY 2015 Q4
FY 2016 Q2	Unavailable; Change unavailable vs FY 2016 Q1
FY 2016 Q3	Unavailable; Change unavailable vs FY 2016 Q2
FY 2016 Q4	Unavailable; Change unavailable vs FY 2016 Q3
FY 2017 Q1	Unavailable; Change unavailable vs FY 2016 Q4
FY 2017 Q2	Unavailable; Change unavailable vs FY 2017 Q1
FY 2017 Q3	Unavailable; Change unavailable vs FY 2017 Q2
FY 2017 Q4	Unavailable; Change unavailable vs FY 2017 Q3
FY 2018 Q1	Unavailable; Change unavailable vs FY 2017 Q4
FY 2018 Q2	Unavailable; Change unavailable vs FY 2018 Q1
FY 2018 Q3	Unavailable; Change unavailable vs FY 2018 Q2
FY 2018 Q4	Unavailable; Change unavailable vs FY 2018 Q3
FY 2019 Q1	Unavailable; Change unavailable vs FY 2018 Q4
FY 2019 Q2	Unavailable; Change unavailable vs FY 2019 Q1
FY 2019 Q3	Unavailable; Change unavailable vs FY 2019 Q2
FY 2019 Q4	Unavailable; Change unavailable vs FY 2019 Q3
FY 2020 Q1	Unavailable; Change unavailable vs FY 2019 Q4
FY 2020 Q2	Unavailable; Change unavailable vs FY 2020 Q1
FY 2020 Q3	Unavailable; Change unavailable vs FY 2020 Q2
FY 2020 Q4	Unavailable; Change unavailable vs FY 2020 Q3
FY 2021 Q1	Unavailable; Change unavailable vs FY 2020 Q4
FY 2021 Q2	Unavailable; Change unavailable vs FY 2021 Q1
FY 2021 Q3	Unavailable; Change unavailable vs FY 2021 Q2
FY 2021 Q4	Unavailable; Change unavailable vs FY 2021 Q3
FY 2022 Q1	Unavailable; Change unavailable vs FY 2021 Q4
FY 2022 Q2	Unavailable; Change unavailable vs FY 2022 Q1
FY 2022 Q3	Unavailable; Change unavailable vs FY 2022 Q2
FY 2022 Q4	Unavailable; Change unavailable vs FY 2022 Q3
FY 2023 Q1	Unavailable; Change unavailable vs FY 2022 Q4
FY 2023 Q2	Unavailable; Change unavailable vs FY 2023 Q1
FY 2023 Q3	Unavailable; Change unavailable vs FY 2023 Q2
FY 2023 Q4	Unavailable; Change unavailable vs FY 2023 Q3
FY 2024 Q1	Unavailable; Change unavailable vs FY 2023 Q4
FY 2024 Q2	Unavailable; Change unavailable vs FY 2024 Q1
FY 2024 Q3	Unavailable; Change unavailable vs FY 2024 Q2
FY 2024 Q4	Unavailable; Change unavailable vs FY 2024 Q3
FY 2025 Q1	$233.553M; Change unavailable vs FY 2024 Q4
FY 2025 Q2	$18.141M; −92.2% vs FY 2025 Q1
FY 2025 Q3	Unavailable; Change unavailable vs FY 2025 Q2
FY 2025 Q4	Unavailable; Change unavailable vs FY 2025 Q3
FY 2026 Q1	$-42M; Change unavailable vs FY 2025 Q4
FY 2026 Q2	$153M; +464.3% vs FY 2026 Q1

Net margin

-8.27%

Waters Net margin. Reported fiscal history.
Fiscal period	%
FY 2009 Q2	19.27%
FY 2009 Q3	20.31%
FY 2009 Q4	24.28%
FY 2010 Q1	20.54%
FY 2010 Q2	—
FY 2010 Q3	—
FY 2010 Q4	—
FY 2011 Q1	—
FY 2011 Q2	—
FY 2011 Q3	—
FY 2011 Q4	—
FY 2012 Q1	—
FY 2012 Q2	—
FY 2012 Q3	—
FY 2012 Q4	—
FY 2013 Q1	—
FY 2013 Q2	—
FY 2013 Q3	—
FY 2013 Q4	—
FY 2014 Q1	—
FY 2014 Q2	—
FY 2014 Q3	—
FY 2014 Q4	—
FY 2015 Q1	—
FY 2015 Q2	—
FY 2015 Q3	—
FY 2015 Q4	—
FY 2016 Q1	—
FY 2016 Q2	—
FY 2016 Q3	—
FY 2016 Q4	—
FY 2017 Q1	—
FY 2017 Q2	—
FY 2017 Q3	24.06%
FY 2017 Q4	-51.39%
FY 2018 Q1	21.1%
FY 2018 Q2	—
FY 2018 Q3	24.4%
FY 2018 Q4	25.89%
FY 2019 Q1	21.21%
FY 2019 Q2	24.1%
FY 2019 Q3	23.93%
FY 2019 Q4	28.01%
FY 2020 Q1	11.52%
FY 2020 Q2	23.64%
FY 2020 Q3	21.35%
FY 2020 Q4	27.75%
FY 2021 Q1	24.34%
FY 2021 Q2	24.54%
FY 2021 Q3	24.45%
FY 2021 Q4	25.85%
FY 2022 Q1	23.14%
FY 2022 Q2	23.08%
FY 2022 Q3	22.02%
FY 2022 Q4	26.45%
FY 2023 Q1	20.58%
FY 2023 Q2	20.33%
FY 2023 Q3	18.91%
FY 2023 Q4	26.38%
FY 2024 Q1	16.05%
FY 2024 Q2	20.15%
FY 2024 Q3	21.82%
FY 2024 Q4	—
FY 2025 Q1	18.34%
FY 2025 Q2	19.07%
FY 2025 Q3	18.62%
FY 2025 Q4	24.16%
FY 2026 Q1	-5.68%
FY 2026 Q2	-8.27%

P/E

× · TTM · Daily

256,266.59×

Waters P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date	× · TTM · Daily	Financials through
2011-02-28	—	2010-12-31
2011-03-31	—	2010-12-31
2011-04-29	—	2010-12-31
2011-05-31	—	2011-04-02
2011-06-30	—	2011-04-02
2011-07-29	—	2011-04-02
2011-08-31	—	2011-07-02
2011-09-30	—	2011-07-02
2011-10-31	—	2011-07-02
2011-11-30	—	2011-10-01
2011-12-30	—	2011-10-01
2012-01-31	—	2011-10-01
2012-02-29	—	2011-12-31
2012-03-30	—	2011-12-31
2012-04-30	—	2011-12-31
2012-05-31	—	2012-03-31
2012-06-29	—	2012-03-31
2012-07-31	—	2012-03-31
2012-08-31	—	2012-06-30
2012-09-28	—	2012-06-30
2012-10-31	—	2012-06-30
2012-11-30	—	2012-09-29
2012-12-31	—	2012-09-29
2013-01-31	—	2012-09-29
2013-02-28	—	2012-09-29
2013-03-28	—	2012-09-29
2013-04-30	—	2012-09-29
2013-05-31	—	2012-09-29
2013-06-28	—	2012-09-29
2013-07-31	—	2012-09-29
2013-08-30	—	2012-09-29
2013-09-30	—	2012-09-29
2013-10-31	—	2012-09-29
2013-11-29	—	2012-09-29
2013-12-31	—	2012-09-29
2014-01-31	—	2012-09-29
2014-02-28	—	2012-09-29
2014-03-31	—	2012-09-29
2014-04-30	—	2012-09-29
2014-05-30	—	2012-09-29
2014-06-30	—	2012-09-29
2014-07-31	—	2012-09-29
2014-08-29	—	2012-09-29
2014-09-30	—	2012-09-29
2014-10-31	—	2012-09-29
2014-11-28	—	2012-09-29
2014-12-31	—	2012-09-29
2015-01-30	—	2012-09-29
2015-02-27	—	2012-09-29
2015-03-31	—	2013-09-28
2015-04-30	—	2013-09-28
2015-05-29	—	2013-09-28
2015-06-30	—	2013-09-28
2015-07-31	—	2013-09-28
2015-08-31	—	2013-09-28
2015-09-30	—	2013-09-28
2015-10-30	—	2013-09-28
2015-11-30	—	2013-09-28
2015-12-31	—	2013-09-28
2016-01-29	—	2013-09-28
2016-02-29	21.13×	2015-12-31
2016-03-31	23.17×	2015-12-31
2016-04-29	22.86×	2015-12-31
2016-05-31	24.14×	2016-04-02
2016-06-30	24.69×	2016-04-02
2016-07-29	27.89×	2016-04-02
2016-08-31	26.17×	2016-07-02
2016-09-30	26.37×	2016-07-02
2016-10-31	23.15×	2016-07-02
2016-11-30	21.98×	2016-10-01
2016-12-30	21.96×	2016-10-01
2017-01-31	23.14×	2016-10-01
2017-02-28	24.06×	2016-12-31
2017-03-31	24.26×	2016-12-31
2017-04-28	26.37×	2016-12-31
2017-05-31	27.22×	2017-04-01
2017-06-30	27.86×	2017-04-01
2017-07-31	26.28×	2017-04-01
2017-08-31	27.61×	2017-07-01
2017-09-29	27.02×	2017-07-01
2017-10-31	29.5×	2017-07-01
2017-11-30	28.98×	2017-09-30
2017-12-29	28.39×	2017-09-30
2018-01-31	31.69×	2017-09-30
2018-02-28	800.53×	2017-12-31
2018-03-29	777.09×	2017-12-31
2018-04-30	737.04×	2017-12-31
2018-05-31	574.97×	2018-03-31
2018-06-29	577.87×	2018-03-31
2018-07-31	588.86×	2018-03-31
2018-08-31	293.96×	2018-06-30
2018-09-28	302.02×	2018-06-30
2018-10-31	294.28×	2018-06-30
2018-11-30	276.14×	2018-09-29
2018-12-31	262.33×	2018-09-29
2019-01-31	321.53×	2018-09-29
2019-02-28	336.83×	2018-09-29
2019-03-29	31.94×	2018-12-31
2019-04-30	27.1×	2018-12-31
2019-05-31	24.6×	2019-03-30
2019-06-28	26.38×	2019-03-30
2019-07-31	25.81×	2019-03-30
2019-08-30	25.41×	2019-06-29
2019-09-30	26.77×	2019-06-29
2019-10-31	24.5×	2019-09-28
2019-11-29	25.71×	2019-09-28
2019-12-31	27.05×	2019-09-28
2020-01-31	25.91×	2019-09-28
2020-02-28	21.14×	2019-12-31
2020-03-31	19.74×	2019-12-31
2020-04-30	21.82×	2020-03-28
2020-05-29	23.32×	2020-03-28
2020-06-30	21.05×	2020-03-28
2020-07-31	25.72×	2020-06-27
2020-08-31	26.1×	2020-06-27
2020-09-30	23.61×	2020-06-27
2020-10-30	27.55×	2020-09-26
2020-11-30	28.68×	2020-09-26
2020-12-31	30.59×	2020-09-26
2021-01-29	32.72×	2020-09-26
2021-02-26	33.86×	2020-09-26
2021-03-31	35.13×	2020-09-26
2021-04-30	37.07×	2020-09-26
2021-05-28	39.84×	2020-09-26
2021-06-30	42.73×	2020-09-26
2021-07-30	48.19×	2020-09-26
2021-08-31	51.19×	2020-09-26
2021-09-30	44.17×	2020-09-26
2021-10-29	45.44×	2020-09-26
2021-11-30	40.56×	2020-09-26
2021-12-31	46.07×	2020-09-26
2022-01-31	39.58×	2020-09-26
2022-02-28	39.16×	2020-09-26
2022-03-31	38.37×	2020-09-26
2022-04-29	37.46×	2020-09-26
2022-05-31	40.55×	2020-09-26
2022-06-30	40.92×	2020-09-26
2022-07-29	45.01×	2020-09-26
2022-08-31	36.92×	2020-09-26
2022-09-30	33.32×	2020-09-26
2022-10-31	36.99×	2020-09-26
2022-11-30	42.85×	2020-09-26
2022-12-30	42.35×	2020-09-26
2023-01-31	40.62×	2020-09-26
2023-02-28	26.25×	2022-12-31
2023-03-31	26.14×	2022-12-31
2023-04-28	25.36×	2022-12-31
2023-05-31	21.63×	2023-04-01
2023-06-30	22.95×	2023-04-01
2023-07-31	23.78×	2023-04-01
2023-08-31	24.57×	2023-07-01
2023-09-29	23.99×	2023-07-01
2023-10-31	20.87×	2023-07-01
2023-11-30	25.46×	2023-09-30
2023-12-29	29.87×	2023-09-30
2024-01-31	28.83×	2023-09-30
2024-02-29	30.61×	2023-09-30
2024-03-28	31.23×	2023-09-30
2024-04-30	28.04×	2023-09-30
2024-05-31	28.03×	2023-09-30
2024-06-28	26.32×	2023-09-30
2024-07-31	30.51×	2023-09-30
2024-08-30	31.42×	2023-09-30
2024-09-30	32.65×	2023-09-30
2024-10-31	29.32×	2023-09-30
2024-11-29	34.91×	2023-09-30
2024-12-31	33.66×	2023-09-30
2025-01-31	37.7×	2023-09-30
2025-02-28	34.24×	2023-09-30
2025-03-31	33.44×	2023-09-30
2025-04-30	31.55×	2023-09-30
2025-05-30	31.69×	2023-09-30
2025-06-30	31.67×	2023-09-30
2025-07-31	26.2×	2023-09-30
2025-08-29	27.38×	2023-09-30
2025-09-30	27.2×	2023-09-30
2025-10-31	31.72×	2023-09-30
2025-11-28	36.6×	2023-09-30
2025-12-31	34.46×	2023-09-30
2026-01-30	33.64×	2023-09-30
2026-02-27	29.74×	2025-12-31
2026-03-31	27.73×	2025-12-31
2026-04-30	28.8×	2025-12-31
2026-05-29	35.72×	2025-12-31
2026-06-30	34.93×	2025-12-31
2026-07-31	35.14×	2025-12-31
2026-08-31	245,088.84×	2026-07-04
2026-09-25	256,266.59×	2026-07-04

ROIC

% · Annual / TTM

2.32%

Waters ROIC. Reported fiscal history.
Fiscal period	% · Annual / TTM
FY 2009 Q2	—
FY 2009 Q3	—
FY 2009 Q4	—
FY 2010 Q1	—
FY 2010 Q2	30.77%
FY 2010 Q3	29.6%
FY 2010 Q4	29.43%
FY 2011 Q1	28.7%
FY 2011 Q2	28.79%
FY 2011 Q3	27.63%
FY 2011 Q4	26.75%
FY 2012 Q1	25.26%
FY 2012 Q2	23.96%
FY 2012 Q3	23.14%
FY 2012 Q4	24.22%
FY 2013 Q1	—
FY 2013 Q2	—
FY 2013 Q3	—
FY 2013 Q4	19.75%
FY 2014 Q1	16.92%
FY 2014 Q2	16.66%
FY 2014 Q3	16.47%
FY 2014 Q4	16.32%
FY 2015 Q1	17.01%
FY 2015 Q2	16.55%
FY 2015 Q3	16.29%
FY 2015 Q4	15.9%
FY 2016 Q1	15.49%
FY 2016 Q2	15.56%
FY 2016 Q3	15.39%
FY 2016 Q4	15.81%
FY 2017 Q1	15.64%
FY 2017 Q2	15.25%
FY 2017 Q3	14.94%
FY 2017 Q4	0.58%
FY 2018 Q1	0.87%
FY 2018 Q2	1.66%
FY 2018 Q3	1.79%
FY 2018 Q4	23.38%
FY 2019 Q1	31.51%
FY 2019 Q2	36.11%
FY 2019 Q3	37.28%
FY 2019 Q4	40.58%
FY 2020 Q1	43.76%
FY 2020 Q2	48.26%
FY 2020 Q3	48.52%
FY 2020 Q4	48.32%
FY 2021 Q1	52.48%
FY 2021 Q2	51.98%
FY 2021 Q3	55.56%
FY 2021 Q4	55.78%
FY 2022 Q1	56.2%
FY 2022 Q2	51.06%
FY 2022 Q3	50.63%
FY 2022 Q4	49.53%
FY 2023 Q1	49.03%
FY 2023 Q2	31.56%
FY 2023 Q3	31.07%
FY 2023 Q4	30.29%
FY 2024 Q1	—
FY 2024 Q2	21.95%
FY 2024 Q3	22.51%
FY 2024 Q4	22.37%
FY 2025 Q1	—
FY 2025 Q2	22.24%
FY 2025 Q3	21.85%
FY 2025 Q4	20.99%
FY 2026 Q1	4.49%
FY 2026 Q2	2.32%

Capital allocation

% of tracked cash uses

$390M

Waters capital allocation. Quarterly values. Missing values are unavailable.
Period	Capex	Acquisitions	Buybacks	Dividends	Debt repayments	Tracked uses
FY 2009 Q2	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2009 Q3	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2009 Q4	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2010 Q1	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2010 Q2	Unavailable	0% · $0M	50.78% · $284.842M	Unavailable	49.22% · $276.115M	100% · $560.957M
FY 2010 Q3	Unavailable	Unavailable	85.32% · $65.07M	Unavailable	14.68% · $11.193M	100% · $76.263M
FY 2010 Q4	Unavailable	Unavailable	65.8% · $51.399M	Unavailable	34.2% · $26.713M	100% · $78.112M
FY 2011 Q1	Unavailable	Unavailable	25.15% · $73.179M	Unavailable	74.85% · $217.835M	100% · $291.014M
FY 2011 Q2	Unavailable	Unavailable	89.78% · $80.641M	Unavailable	10.22% · $9.175M	100% · $89.816M
FY 2011 Q3	Unavailable	Unavailable	53.43% · $144.165M	Unavailable	46.57% · $125.666M	100% · $269.831M
FY 2011 Q4	Unavailable	0.11% · $0.1M	77.48% · $72.85M	Unavailable	22.41% · $21.075M	100% · $94.025M
FY 2012 Q1	Unavailable	17.62% · $18.414M	65.13% · $68.079M	Unavailable	17.26% · $18.042M	100% · $104.535M
FY 2012 Q2	Unavailable	0% · $0M	91.08% · $103.24M	Unavailable	8.92% · $10.105M	100% · $113.345M
FY 2012 Q3	Unavailable	15.68% · $12.602M	79.6% · $63.963M	Unavailable	4.71% · $3.788M	100% · $80.353M
FY 2012 Q4	Unavailable	0% · $0M	99.72% · $60.596M	Unavailable	0.28% · $0.172M	100% · $60.768M
FY 2013 Q1	Unavailable	0% · $0M	90.87% · $101.367M	Unavailable	9.13% · $10.181M	100% · $111.548M
FY 2013 Q2	Unavailable	0% · $0M	7.49% · $69.712M	Unavailable	92.51% · $860.862M	100% · $930.574M
FY 2013 Q3	Unavailable	27.38% · $26.434M	57.09% · $55.119M	Unavailable	15.54% · $15M	100% · $96.553M
FY 2013 Q4	Unavailable	16.45% · $14.961M	82.89% · $75.382M	Unavailable	0.66% · $0.601M	100% · $90.944M
FY 2014 Q1	Unavailable	3.71% · $3.615M	94.96% · $92.572M	Unavailable	1.33% · $1.295M	100% · $97.482M
FY 2014 Q2	Unavailable	0% · $0M	94.81% · $92.6M	Unavailable	5.19% · $5.072M	100% · $97.672M
FY 2014 Q3	Unavailable	6.27% · $20.057M	23.88% · $76.398M	Unavailable	69.84% · $223.403M	100% · $319.858M
FY 2014 Q4	Unavailable	3.74% · $3.336M	85.05% · $75.874M	Unavailable	11.22% · $10.006M	100% · $89.216M
FY 2015 Q1	Unavailable	Unavailable	47.65% · $91.025M	Unavailable	52.35% · $100M	100% · $191.025M
FY 2015 Q2	Unavailable	Unavailable	99.98% · $79.933M	Unavailable	0.02% · $0.019M	100% · $79.952M
FY 2015 Q3	Unavailable	0% · $0M	80.7% · $84.153M	Unavailable	19.3% · $20.121M	100% · $104.274M
FY 2015 Q4	Unavailable	15.04% · $14.086M	84.96% · $79.594M	Unavailable	0% · $0M	100% · $93.68M
FY 2016 Q1	Unavailable	Unavailable	61.41% · $95.489M	Unavailable	38.59% · $60M	100% · $155.489M
FY 2016 Q2	Unavailable	Unavailable	23.51% · $76.903M	Unavailable	76.49% · $250.239M	100% · $327.142M
FY 2016 Q3	Unavailable	Unavailable	82.17% · $69.532M	Unavailable	17.83% · $15.084M	100% · $84.616M
FY 2016 Q4	Unavailable	Unavailable	100% · $83.835M	Unavailable	0% · $0M	100% · $83.835M
FY 2017 Q1	Unavailable	Unavailable	99.99% · $89.173M	Unavailable	0.01% · $0.012M	100% · $89.185M
FY 2017 Q2	Unavailable	Unavailable	99.93% · $76.661M	Unavailable	0.07% · $0.052M	100% · $76.713M
FY 2017 Q3	Unavailable	Unavailable	100% · $79.908M	Unavailable	0% · $0M	100% · $79.908M
FY 2017 Q4	Unavailable	Unavailable	6.21% · $86.802M	Unavailable	93.79% · $1,310.15M	100% · $1,396.952M
FY 2018 Q1	Unavailable	Unavailable	27.35% · $282.37M	Unavailable	72.65% · $750M	100% · $1,032.37M
FY 2018 Q2	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2018 Q3	Unavailable	Unavailable	100% · $263.505M	Unavailable	0% · $0M	100% · $263.505M
FY 2018 Q4	Unavailable	0% · $0M	99.91% · $498.457M	Unavailable	0.09% · $0.435M	100% · $498.892M
FY 2019 Q1	Unavailable	Unavailable	99.99% · $753.105M	Unavailable	0.01% · $0.08M	100% · $753.185M
FY 2019 Q2	Unavailable	Unavailable	99.97% · $576.53M	Unavailable	0.03% · $0.165M	100% · $576.695M
FY 2019 Q3	Unavailable	Unavailable	59.78% · $580.065M	Unavailable	40.22% · $390.237M	100% · $970.302M
FY 2019 Q4	Unavailable	Unavailable	100% · $559.558M	Unavailable	0% · $0M	100% · $559.558M
FY 2020 Q1	Unavailable	20.54% · $76.664M	52.57% · $196.226M	Unavailable	26.89% · $100.366M	100% · $373.256M
FY 2020 Q2	Unavailable	0% · $0M	0.04% · $0.071M	Unavailable	99.96% · $200M	100% · $200.071M
FY 2020 Q3	Unavailable	0% · $0M	0.04% · $0.056M	Unavailable	99.96% · $125M	100% · $125.056M
FY 2020 Q4	Unavailable	1.77% · $3.881M	0.03% · $0.056M	Unavailable	98.2% · $215M	100% · $218.937M
FY 2021 Q1	Unavailable	0% · $0M	53.6% · $173.305M	Unavailable	46.4% · $150M	100% · $323.305M
FY 2021 Q2	Unavailable	0% · $0M	62.71% · $168.202M	Unavailable	37.29% · $100M	100% · $268.202M
FY 2021 Q3	Unavailable	0% · $0M	100% · $151.188M	Unavailable	0% · $0M	100% · $151.188M
FY 2021 Q4	Unavailable	0% · $0M	60.97% · $156.235M	Unavailable	39.03% · $100M	100% · $256.235M
FY 2022 Q1	Unavailable	Unavailable	70.85% · $170.136M	Unavailable	29.15% · $70M	100% · $240.136M
FY 2022 Q2	Unavailable	Unavailable	70.02% · $151.808M	Unavailable	29.98% · $65M	100% · $216.808M
FY 2022 Q3	Unavailable	0% · $0M	100% · $155.223M	Unavailable	0% · $0M	100% · $155.223M
FY 2022 Q4	Unavailable	0% · $0M	93.71% · $148.894M	Unavailable	6.29% · $10M	100% · $158.894M
FY 2023 Q1	Unavailable	Unavailable	32.4% · $69.505M	Unavailable	67.6% · $145M	100% · $214.505M
FY 2023 Q2	Unavailable	Unavailable	0.09% · $0.236M	Unavailable	99.91% · $250.04M	100% · $250.276M
FY 2023 Q3	Unavailable	0% · $0M	0.55% · $0.692M	Unavailable	99.45% · $125M	100% · $125.692M
FY 2023 Q4	Unavailable	Unavailable	Unavailable	Unavailable	100% · $150M	100% · $150M
FY 2024 Q1	Unavailable	Unavailable	4.18% · $13.089M	Unavailable	95.82% · $300M	100% · $313.089M
FY 2024 Q2	Unavailable	Unavailable	0.11% · $0.245M	Unavailable	99.89% · $220M	100% · $220.245M
FY 2024 Q3	Unavailable	0% · $0M	0.08% · $0.141M	Unavailable	99.92% · $180M	100% · $180.141M
FY 2024 Q4	Unavailable	0% · $0M	0.03% · $0.066M	Unavailable	99.97% · $200M	100% · $200.066M
FY 2025 Q1	12.38% · $26M	Unavailable	6.64% · $13.934M	Unavailable	80.98% · $170M	100% · $209.934M
FY 2025 Q2	24.63% · $23M	Unavailable	0.4% · $0.375M	Unavailable	74.97% · $70M	100% · $93.375M
FY 2025 Q3	Unavailable	0.17% · $0.084M	0.43% · $0.214M	Unavailable	99.41% · $50M	100% · $50.298M
FY 2025 Q4	Unavailable	0% · $0M	100% · $0.144M	Unavailable	0% · $0M	100% · $0.144M
FY 2026 Q1	1.04% · $39M	Unavailable	0.32% · $12M	Unavailable	98.64% · $3,700M	100% · $3,751M
FY 2026 Q2	12.31% · $48M	Unavailable	0.51% · $2M	Unavailable	87.18% · $340M	100% · $390M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Waters.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue: Reported revenue from company filings.
Free cash flow: Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin: Reported net income / revenue × 100.
P/E: Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC: NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation: Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.

Reported revenue and sources

Waters financials