Also trades as: 0LTI.L (LSE) · $vol 0M
WAT NYSE
Waters Corporation
1W: +5.0%
1M: +5.2%
3M: +18.8%
YTD: +19.4%
1Y: +28.2%
3Y: +80.7%
5Y: +31.1%
$468.55
+12.57 (+2.76%)
After Hours: $467.52 (-1.03, -0.22%)
Weekly Expected Move ±3.8%
$419
$436
$454
$471
$488
Credit Risk of going bust: lower than 76% of companies Debt: 10.5% of company value Bonds: $314.4M held by 260 funds, 67 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.79 (down 99.2%), Waters Corporation would be worth roughly what it owes.
Total debt $5.25B against a stock market value of $44.77B.
Distance to default 8.80 (Merton model): prices to 2026-10-26, balance sheet 2026-07-04, debt counted $2.44B (short-term plus half of long-term), stock volatility 35.2%; Altman Z'' 3.66. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $3.79 (down 99.2%), Waters Corporation would be worth roughly what it owes.
Total debt $5.25B against a stock market value of $44.77B.
Distance to default 8.80 (Merton model): prices to 2026-10-26, balance sheet 2026-07-04, debt counted $2.44B (short-term plus half of long-term), stock volatility 35.2%; Altman Z'' 3.66. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$3.2B
+7.0% ▲
5Y CAGR: +6.0%
Gross Profit
$1.8B
+4.0% ▲
5Y CAGR: +6.1%
Operating Income
$893M
+8.1% ▲
5Y CAGR: +6.7%
Net Income
$643M
+0.8% ▲
5Y CAGR: +4.3%
EPS (Diluted)
$10.76
+0.5% ▲
5Y CAGR: +5.2%
EBITDA
$1.0B
-2.4% ▼
5Y CAGR: +5.2%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.0B | $3.0B | $3.0B | $3.2B |
| YoY Growth | +17.8% | +6.7% | -0.5% | +0.1% | +7.0% |
| Cost of Revenue | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| Gross Profit | $1.6B | $1.7B | $1.8B | $1.8B | $1.8B |
| Gross Margin | 58.5% | 58.0% | 59.6% | 59.4% | 57.8% |
| R&D Expenses | $168M | $176M | $175M | $183M | $195M |
| SG&A Expenses | $627M | $658M | $736M | $690M | $740M |
| Operating Expenses | $808M | $850M | $944M | $932M | $935M |
| Operating Income | $822M | $873M | $818M | $826M | $893M |
| Operating Margin | 29.5% | 29.4% | 27.7% | 27.9% | 28.2% |
| Interest Expense | $45M | $49M | $99M | $90M | $51M |
| Income Before Tax | $806M | $838M | $736M | $755M | $755M |
| Tax Expense | $113M | $130M | $94M | $117M | $112M |
| Net Income | $693M | $708M | $642M | $638M | $643M |
| Net Margin | 24.9% | 23.8% | 21.7% | 21.6% | 20.3% |
| EPS (Diluted) | $11.17 | $11.73 | $10.84 | $10.71 | $10.76 |
| EBITDA | $983M | $1.0B | $1.0B | $1.0B | $1.0B |
| Shares Outstanding | 62M | 60M | 59M | 60M | 60M |