WATERS CORP /DE/
Company Stats
- Market Cap
- $43.2B
- as of Sep 30, 2026
- Enterprise Value
- $44.0B
- Shares Outstanding
- 98.2M
- Free Float
- 99.9%
Income Statement
- Revenue
- $3.2B
- Operating Income
- $802.6M
- Net Income
- $642.6M
- EBITDA
- $890.7M
- FCF Margin, 3Y Avg
- 17.7%
- FCF Margin, Worst Year
- 15.0%
Cash Flow
- Free Cash Flow
- $539.8M
- FCF Yield
- 1.3%
- Owner FCF Yield
- 1.1%
Balance Sheet
- Cash & Equivalents
- $587.8M
- Total Debt
- $1.4B
- Net Debt
- $812.2M
- Net Debt / EBITDA
- 0.91x
- EV / EBITDA
- 49.38x
- Net Debt / EBIT
- 1.01x
Returns & Capital
- Share Repurchases
- $14.7M
- Buyback Yield, 3Y Avg
- 0.1%
- SBC, 3Y Avg
- $45.2M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $3.2B | $539.8M | 17.1% |
| FY2024 | $3.0B | $619.6M | 20.9% |
| FY2023 | $3.0B | $442.2M | 15.0% |
| FY2022 | $3.0B | — | — |
Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Healthcare Earnings: Demand Surges, Costs Bite Back
Chipmakers Lead a Guidance Season Almost Free of Cuts