WAT · XBRL financial data

Waters financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (WAT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	2,365	2,786	2,972	2,956	2,958	3,165
Cost of goods and services sold	1,007	1,157	1,248	1,195	1,200	1,289
Research and development	141	168	176	175	183	196
Selling, general and administrative	554	627	658	736	690	830
Operating income (loss)	645	822	873	818	826	803
Interest income	16	12	11	17	17	19
Interest expense	49	45	49	99	90	70
Other income (expense)	(2)	17	2	1	1	3
Income tax expense (benefit)	89	113	130	94	117	112
Net income (loss)	—	—	708	642	638	643
Earnings per share, basic USD per share	8.40	11.25	11.80	10.87	10.75	10.80
Earnings per share, diluted USD per share	8.36	11.17	11.73	10.84	10.71	10.76
Weighted average shares, basic millions of shares	62	62	60	59	59	60
Weighted average shares, diluted millions of shares	62	62	60	59	60	60

Fiscal years (WAT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	437	501	481	395	324	588
Short-term investments	6	68	1	1	1	—
Accounts receivable	573	613	723	702	733	829
Inventory	304	356	456	516	477	572
Total current assets	1,401	1,629	1,764	1,753	1,669	2,148
Property and equipment, net	494	548	582	639	651	642
Right-of-use asset	93	85	87	85	74	81
Goodwill	444	438	430	1,305	1,296	1,340
Total assets	2,840	3,095	3,281	4,627	4,554	5,077
Accounts payable	72	97	93	85	100	104
Total current liabilities	805	681	786	790	790	1,239
Long-term debt	1,207	1,514	1,525	2,306	1,626	947
Lease liability, non-current	68	60	62	59	50	53
Total liabilities	2,608	2,727	2,777	3,477	2,725	2,515
Retained earnings	7,108	7,801	8,509	9,151	9,789	10,431
Total stockholders' equity	232	368	504	1,150	1,829	2,561
Total liabilities and equity	2,840	3,095	3,281	4,627	4,554	5,077
Common shares outstanding (cover page) millions of shares	62	61	59	59	59	98

Fiscal years (WAT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	—	—	708	642	638	643
Stock-based compensation	37	30	43	37	45	54
Net cash from operating activities	791	747	612	603	762	653
Net cash from investing activities	(264)	(232)	(108)	(1,442)	(144)	(152)
Share repurchases	196	649	626	70	14	15
Proceeds from long-term debt	315	510	205	1,450	170	70
Repayments of long-term debt	640	350	145	670	900	290
Net cash from financing activities	(441)	(438)	(510)	755	(697)	(237)
Net change in cash	101	65	(21)	(85)	(71)	262

SIC 3826 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3826 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Waters	539	1,645	201*	98.2M	Q2 FY26 10-QJul 4, 2026
Trimble	214	972	240*	233.2M	Q2 FY26 10-QJul 3, 2026
Fortive	377	1,108	313*	297.6M	Q3 FY26 10-QOct 2, 2026
Mettler Toledo International	51	1,027	310*	20.0M	Q2 FY24 10-QJun 30, 2026
Veralto	1,785	1,509	323*	243.1M	Q3 FY26 10-QOct 2, 2026
Keysight Technologies	2,605	1,846	437*	170.2M	Q3 FY26 10-QJul 31, 2026
Agilent Technologies	1,758	1,878	519*	281.9M	Q3 FY26 10-QJul 31, 2026
Rockwell Automation	479	2,313	724*	111.0M	Q3 FY26 10-QJun 30, 2026
Coherent	1,162	2,046*	69*	195.8M	Q4 FY26 10-KJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.