Waters Corporation

WATNYSEHealthcare● Active

$364.51

$-0.85(-0.23%)

Market Cap$23.8B

P/E Ratio—

52W High$414.15

52W Low$275.05

Avg Volume1.1M

Open$370.13

Beta1.20

Net Income Financials Revenue

Waters Corporation (WAT) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

WAT · net income · updated Jun 8, 2026

Core profitability metrics

WAT · net income · margin · TTM · CAGR

Net income was $642.6M for FY2025 (fiscal year ending 2025-12-31), up 0.8% year-over-year. Net profit margin was 20.3%. Based on available data, Waters Corporation has been profitable since at least 2011.

FY2025 Net Income$642.6M▲ +0.8% YoY

Trailing 12M (TTM)$449.2Mtrailing 4 quarters sum

Net Profit Margin20.3%$642.6M ÷ $3.17B

YoY Change+0.8%—

5-Year CAGR+4.3%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · WAT net income history · WAT profit margin

Annual net income data

WAT · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$642.6M▲ +0.8%20.3%$3.17B

FY2024$637.8M▼ 0.7%21.6%$2.96B

FY2023$642.2M▼ 9.3%21.7%$2.96B

FY2022$707.8M▲ +2.2%23.8%$2.97B

FY2021$692.8M▲ +32.8%24.9%$2.79B

Net income vs peers (Healthcare)

WAT vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Waters CorporationYOU

WAT

$642.6M+0.8%20.3%

Eli Lilly and Company

LLY

$20.64B+94.9%31.7%

77%

UnitedHealth Group Incorporated

Healthcare · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Waters Corporation (WAT) reported net income of $642.6M for FY2025 (fiscal year ending 2025-12-31), up 0.8% year-over-year. The net profit margin was 20.3% — meaning the company kept $0.20 of every dollar of revenue as profit.

Based on available data, Waters Corporation has been profitable since at least 2011. Net income reached a peak of $707.8M in FY2022. Data available for 15 fiscal years.

Waters Corporation's net profit margin was 20.3% for FY2025, based on the latest annual results.

Investors sometimes search for "Waters Corporation net worth" — the company's market capitalization is a separate figure from WAT net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

WAT net income · 5 questions

Waters Corporation is profitable. The company reported net income of $642.6M for FY2025, a net profit margin of 20.3%. Net income was up 0.8% year-over-year. Based on available data, Waters Corporation has been profitable since at least 2011.

is WAT profitabledoes WAT make a profitWAT profitabilityWAT profitable company

▸ Source: FMP /income-statement · GAAP · Waters Corporation · Waters Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026