WAT

— Fundamental Stock Analysis and Report Card

Healthcare : Medical - Diagnostics & Research

Located in Milford, MA, US. Waters Corporation is a global leader in specialized measurement, delivering analytical solutions across Asia, the Americas, and Europe. The company operates through two main divisions: Waters and TA. Under its Waters segment, it engineers, manufactures, sells, and provides support for high and ultra-performance liquid chromatography and mass spectrometry (MS) systems. This includes essential consumables like chromatography columns and comprehensive post-warranty service plans. The TA segment focuses on designing, producing, selling, and servicing instruments for thermal analysis, rheometry, and calorimetry. Additionally, Waters develops and supplies sophisticated software that integrates with both its own instruments and those from other manufacturers. The company's advanced MS technology plays a crucial role in various applications, such as drug discovery and development (including clinical trial assessments), analyzing proteins involved in disease processes, ensuring nutritional safety, and conducting environmental testing. Its thermal analysis, rheometry, and calorimetry instruments are vital for assessing the suitability and stability of a wide range of materials, including fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids. These instruments support diverse sectors like industrial manufacturing, consumer goods, healthcare products, and life science research. Waters' extensive client base spans the life sciences, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental sectors, where its products are instrumental in research and development, quality assurance, and general laboratory operations. Established in 1958, Waters Corporation is headquartered in Milford, Massachusetts.

Growth

Revenue, earnings and profitability.

Strong revenue growth and earnings can attract investors, driving the stock price up. Profitability indicates the company's efficiency and sustainability, which impacts investor confidence. Poor performance in these areas can lead to a decrease in stock price.

Revenue History

Earnings History

Margins

Gross Margin TTM
55.02%
EBITDA Margin TTM
24.52%
Net Margin TTM
11.91%
Earnings Per Share TTM
5.47
Statements

Income & Cash Flow analysis.

An income statement shows what a company earned and spent over a period — revenue at the top, costs and expenses in between, and net income at the bottom. A cash flow statement tracks the actual cash moving in and out, across operations, investing, and financing. Read together, they show whether reported earnings are backed by real cash.

Waters Corporation
Select Period:
Q1 2026
Total ($)
Q1 2026
Margin (%)
Revenue
1.3b
+605.3m
+91.5%
Gross Income
595.0m
+210.0m
+54.6%
47%
-11.2pp
-19.3%
EBITDA
106.0m
-100.5m
-48.7%
8%
-22.8pp
-73.2%
Operating Income
-47.0m
-198.7m
-131.0%
-4%
-26.6pp
-116.2%
Net Income
-72.0m
-193.4m
-159.3%
-6%
-24.0pp
-131.0%
Earnings Per Share
-0.87
-2.9
-142.6%
Operating Cash Flow
-3.0m
-262.6m
-101.2%
0%
-39.5pp
-100.6%
Free Cash Flow
-42.0m
-275.8m
-118.0%
-3%
-38.6pp
-109.4%
Research & Development
96.0m
+49.4m
+105.9%
8%
+0.5pp
+7.5%