About Waters Corporation
https://www.waters.comWaters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA.

CEO
Udit Batra
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2000-08-28 | Forward | 2:1 |
| 1999-06-11 | Forward | 2:1 |
ETFs Holding This Stock

VTS.AX
Weight:0.04%
Shares:1.87M

XUS.TO
Weight:0.04%
Shares:762.91K

IHVV.AX
Weight:0.04%
Shares:762.91K
Summary
Showing Top 3 of 781
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades

Jefferies
Buy

Wolfe Research
Outperform

Baird
Outperform

Scotiabank
Sector Outperform

Keybanc
Overweight

Wells Fargo
Equal Weight
Grade Summary
Showing Top 6 of 12
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:7.66M
Value:$3.01B

BLACKROCK, INC.
Shares:6.07M
Value:$2.39B

BLACKROCK INC.
Shares:5.65M
Value:$2.22B
Summary
Showing Top 3 of 1,038
About Waters Corporation
https://www.waters.comWaters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $799.89M ▲ | $279.97M ▲ | $148.92M ▲ | 18.62% ▼ | $2.5 ▲ | $249.43M ▲ |
| Q2-2025 | $771.33M ▲ | $261.71M ▲ | $147.11M ▲ | 19.07% ▲ | $2.47 ▲ | $243.69M ▲ |
| Q1-2025 | $661.71M ▼ | $233.22M ▲ | $121.38M ▼ | 18.34% ▼ | $2.04 ▼ | $206.53M ▼ |
| Q4-2024 | $872.71M ▲ | $231.94M ▲ | $231.4M ▲ | 26.51% ▲ | $3.9 ▲ | $344.55M ▲ |
| Q3-2024 | $740.3M | $227.52M | $161.5M | 21.82% | $2.72 | $262.56M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $459.12M ▲ | $4.86B ▲ | $2.53B ▼ | $2.33B ▲ |
| Q2-2025 | $367.21M ▼ | $4.72B ▲ | $2.56B ▼ | $2.16B ▲ |
| Q1-2025 | $382.87M ▲ | $4.59B ▲ | $2.63B ▼ | $1.96B ▲ |
| Q4-2024 | $325.36M ▼ | $4.55B ▲ | $2.73B ▼ | $1.83B ▲ |
| Q3-2024 | $331.46M | $4.51B | $2.91B | $1.6B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $148.92M ▲ | $187.31M ▲ | $-25.52M ▲ | $-66.27M ▼ | $91.9M ▲ | $161.87M ▲ |
| Q2-2025 | $147.11M ▲ | $41.14M ▼ | $-58.35M ▼ | $-1.03M ▲ | $-15.66M ▼ | $18.55M ▼ |
| Q1-2025 | $121.38M ▼ | $259.55M ▲ | $-26.25M ▲ | $-173.25M ▲ | $57.52M ▲ | $233.81M ▲ |
| Q4-2024 | $231.4M ▲ | $240.14M ▲ | $-52.11M ▼ | $-193.58M ▼ | $-6.09M ▼ | $188.03M ▲ |
| Q3-2024 | $161.5M | $204.58M | $-26.05M | $-176.88M | $4.09M | $178.96M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Chemistry Consumables | $150.00M ▲ | $140.00M ▼ | $160.00M ▲ | $160.00M ▲ |
Ta Instrument Systems | $80.00M ▲ | $50.00M ▼ | $60.00M ▲ | $60.00M ▲ |
Ta Service | $30.00M ▲ | $20.00M ▼ | $30.00M ▲ | $30.00M ▲ |
Waters Instrument Systems | $340.00M ▲ | $210.00M ▼ | $250.00M ▲ | $280.00M ▲ |
Waters Service | $270.00M ▲ | $240.00M ▼ | $270.00M ▲ | $270.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Americas | $320.00M ▲ | $260.00M ▼ | $280.00M ▲ | $290.00M ▲ |
Asia Pacific | $270.00M ▲ | $220.00M ▼ | $270.00M ▲ | $270.00M ▲ |
Europe | $280.00M ▲ | $190.00M ▼ | $220.00M ▲ | $240.00M ▲ |

CEO
Udit Batra
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2000-08-28 | Forward | 2:1 |
| 1999-06-11 | Forward | 2:1 |
ETFs Holding This Stock

VTS.AX
Weight:0.04%
Shares:1.87M

XUS.TO
Weight:0.04%
Shares:762.91K

IHVV.AX
Weight:0.04%
Shares:762.91K
Summary
Showing Top 3 of 781
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades

Jefferies
Buy

Wolfe Research
Outperform

Baird
Outperform

Scotiabank
Sector Outperform

Keybanc
Overweight

Wells Fargo
Equal Weight
Grade Summary
Showing Top 6 of 12
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:7.66M
Value:$3.01B

BLACKROCK, INC.
Shares:6.07M
Value:$2.39B

BLACKROCK INC.
Shares:5.65M
Value:$2.22B
Summary
Showing Top 3 of 1,038

