Waters financials
$443.26+0.07%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jul 4 | Q1 '26 Apr 4 | Q4 '25 Dec 31 | Q3 '25 Sep 27 | Q2 '25 Jun 28 | Q1 '25 Mar 29 | Q4 '24 Dec 31 | Q3 '24 Sep 28 | Q2 '24 Jun 29 | Q1 '24 Mar 30 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.27B | $932.4M | $799.9M | $771.0M | $662.0M | $872.7M | $740.3M | $708.5M | $636.8M | $819.5M | $711.7M |
| Gross profit | $734.0M | $588.0M | $569.5M | $472.1M | $450.0M | $385.0M | $524.2M | $438.6M | $420.3M | $375.1M | $501.1M | $420.3M |
| Gross margin | 44.6% | 46.4% | 61.1% | 59.0% | 58.4% | 58.2% | 60.1% | 59.3% | 59.3% | 58.9% | 61.2% | 59.1% |
| Operating income | -$86.0M | -$47.0M | $270.5M | $192.1M | $188.0M | $152.0M | $292.3M | $211.1M | $189.1M | $133.8M | $264.2M | $179.4M |
| Net income | -$136.0M | -$72.0M | $225.2M | $148.9M | $147.0M | $121.0M | $231.4M | $161.5M | $142.7M | $102.2M | $216.2M | $134.6M |
| Net margin | −8.3% | −5.7% | 24.2% | 18.6% | 19.1% | 18.3% | 26.5% | 21.8% | 20.1% | 16.0% | 26.4% | 18.9% |
| Diluted EPS | $-1.39 | $-0.87 | $3.76 | $2.50 | $2.47 | $2.03 | $3.87 | $2.71 | $2.40 | $1.72 | $3.63 | $2.27 |
| EBITDA | -$173.0M | $160.0M | $323.1M | $244.8M | $185.0M | $202.0M | $340.8M | $260.0M | $248.1M | $204.4M | $276.4M | $239.3M |
| Operating cash flow | $201.0M | -$3.0M | $164.6M | $187.3M | $41.0M | $260.0M | $240.1M | $204.6M | $54.5M | $262.9M | $230.1M | $157.8M |
| Free cash flow | $153.0M | -$42.0M | $125.6M | $161.9M | $18.0M | $234.0M | $188.0M | $179.0M | $18.4M | $234.2M | $230.1M | $157.8M |
| Diluted shares | 98.2M | 82.1M | 59.8M | 59.6M | 59.7M | 59.7M | 59.8M | 59.5M | 59.5M | 59.4M | 59.5M | 59.3M |
Balance sheet
| Period end | Jul 4 | Apr 4 | Dec 31 | Sep 27 | Jun 28 | Mar 29 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $539.0M | $462.0M | $588.0M | $459.1M | $367.2M | $382.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.09B | $5.21B | $1.41B | $1.41B | $1.46B | $1.46B |
| Total assets | $24.75B | $24.53B | $5.08B | $4.86B | $4.72B | $4.59B |
| Total liabilities | $9.56B | $9.24B | $2.52B | $2.53B | $2.56B | $2.63B |
| Shareholders' equity | $15.20B | $15.29B | $2.56B | $2.33B | $2.16B | $1.96B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology