WATERS CORP /DE/
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 05/16/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.2B | $3.0B | $3.0B | — | $3.0B |
| Cost of revenue | $1.3B | $1.2B | $1.2B | — | $1.2B |
| Selling, general & administrative | $830.4M | $690.1M | $736.0M | — | $658.0M |
| Research and development | $195.7M | $183.0M | $174.9M | — | $176.2M |
| Operating income | $802.6M | $826.4M | $817.7M | — | $873.4M |
| Interest expense | $69.5M | $89.7M | $98.9M | — | $48.8M |
| Pretax income | $754.9M | $754.9M | $736.2M | — | $837.8M |
| Income tax expense | $112.2M | $117.0M | $94.0M | — | $130.1M |
| Net income | $642.6M | $637.8M | $642.2M | — | $707.8M |
| Balance Sheet | |||||
| Cash and equivalents | $587.8M | $325.4M | $395.1M | — | $480.5M |
| Current assets | $2.1B | $1.7B | $1.8B | — | $1.8B |
| Total assets | $5.1B | $4.6B | $4.6B | — | $3.3B |
| Current liabilities | $1.2B | $789.8M | $789.6M | — | $785.7M |
| Total liabilities | $2.5B | $2.7B | $3.5B | — | $2.8B |
| Total debt | $1.4B | $1.6B | $2.4B | $2.4B | $1.6B |
| Stockholders' equity | $2.6B | $1.8B | $1.2B | — | $504.5M |
| Cash Flow Statement | |||||
| Cash from operations | $652.6M | $762.1M | $602.8M | — | $611.7M |
| Depreciation and amortization | $88.1M | $87.0M | $84.6M | — | $72.0M |
| Stock-based compensation | $54.1M | $44.7M | $36.9M | — | $42.6M |
| Capital expenditure | $112.7M | $142.5M | $160.6M | — | — |
| Free cash flow | $539.8M | $619.6M | $442.2M | — | — |
| Share repurchases | $14.7M | $13.5M | $70.3M | — | $626.1M |
| Impairments | — | — | $4.0M | — | $0 |
Shares outstanding 98.2M · Free float 99.9%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.