NYSE · LABORATORY ANALYTICAL INSTRUMENTS · LARGE CAP
Waters Corporation WAT
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.2B
▲ 7.0% vs FY2024
EPS · FY25
$10.76
Dividend / sh · FY25
—
Payout · FY25
—
ROE · FY25
29.3%
Net margin · FY25
20.3%
Dividend coverage
—
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Result
USD 3.2B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
20 cents of every revenue dollar became profit this year.
Per share
USD 10.76
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
29.3%
Return on equity, FY2025
ROE
Operating margin25.4%
Net margin20.3%
Return on assets13.3%
Each USD of equity produced 29 cents of profit this year.
Returned to shareholders
USD 4.7M
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacksUSD 4.7M
Share of profit0.7%
Consecutive raises—
USD 4.7M in buybacks — 1% of the year's profit went back to shareholders.
Growth
+6.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.1%
+6.0%
+4.5%
+4.5%
Net income
−3.2%
+4.3%
+3.2%
Returned to shareholders
−80.1%
−49.2%
−34.8%
−24.2%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.06B
Shares outstanding, FY2025
Change, 5 years−25.5%
Change, 10 years−31.6%
The share count shrank 26% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 5.1B
total assets, end of FY2025
Total assetsUSD 5.1B
EquityUSD 2.6B
CashUSD 587.8M
Gross debtUSD 947.4M
Net debtUSD 359.6M
Current ratio1.73×
Net debt stands at 14% of equity.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
3.2
3.0
3.0
3.0
2.8
2.4
2.4
2.4
2.3
2.2
2.0
2.0
1.9
1.8
1.9
1.6
1.5
1.6
1.5
Operating income $B
0.8
0.8
0.8
0.9
0.8
0.6
0.7
0.7
0.7
0.6
0.6
0.5
0.5
0.5
0.5
0.4
0.4
0.4
0.3
EBITDA $B
0.9
0.9
0.9
0.9
0.9
0.7
0.8
0.8
0.7
0.7
0.6
0.6
0.6
0.5
0.6
0.5
0.4
0.4
0.4
Income tax $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.6
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.0
0.1
Net income $B
0.6
0.6
0.6
0.7
0.7
0.5
0.6
0.6
0.0
0.5
0.5
0.4
0.5
0.5
·
·
0.3
0.3
0.3
EPS, diluted $
10.76
10.71
10.84
11.73
11.17
8.36
8.69
7.65
0.25
6.41
5.65
5.07
5.20
·
·
·
3.34
3.21
2.62
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
29.3
42.8
77.6
162.3
231.1
6575.9
87.7
31.2
0.9
23.9
23.7
23.6
27.9
34.3
·
·
42.8
51.7
45.7
Shares out B
0.06
0.06
0.00
0.06
0.06
0.06
0.06
0.07
0.08
0.08
0.08
0.08
0.08
0.09
0.09
0.09
0.09
0.10
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
61 of 61
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed