FN2 Earnings Intelligence
Waters Corporation balance sheet
Waters Corporation (WAT) Balance Sheet (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $501.2 | $480.5 | $395.1 | $324.4 | $587.8 | - | - |
| + Debt | $1,513.9 | $1,574.9 | $2,355.5 | $1,626.5 | $1,407.4 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $2,785.9 | $2,972 | $2,956.4 | $2,958.4 | $3,165.3 | $6,439.7 | $7,104.5 |
| % Growth | 17.8% | 6.7% | -0.5% | 0.1% | 7.0% | 103.4% | 10.3% |
| Gross Profit | $1,629.3 | $1,723.8 | $1,761.2 | $1,758.2 | $1,876.5 | - | - |
| % Margin | 58.5% | 58.0% | 59.6% | 59.4% | 59.3% | - | - |
| EBITDA | $893.3 | $945.4 | $902.3 | $913.4 | $890.7 | - | - |
| % Margin | 32.1% | 31.8% | 30.5% | 30.9% | 28.1% | - | - |
| Net Income | $692.8 | $707.8 | $642.2 | $637.8 | $642.6 | - | - |
| % Margin | 24.9% | 23.8% | 21.7% | 21.6% | 20.3% | - | - |
| Diluted EPS | $11.17 | $11.73 | $10.84 | $10.71 | $10.76 | $14.52 | $16.46 |
| % Growth | 33.6% | 5.0% | -7.6% | -1.2% | 0.5% | 35.0% | 13.3% |
| Operating Cash Flow | $747.3 | $611.7 | $602.8 | $762.1 | $652.6 | - | - |
| CapEx | $200 | $5 | $5 | $5 | $112.7 | - | - |
| Free Cash Flow | $547.3 | $606.7 | $597.8 | $757.1 | $539.8 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $2,785.9 | $2,972 | $2,956.4 | $2,958.4 | $3,165.3 | $6,439.7 | $7,104.5 |
| Gross Profit | $1,629.3 | $1,723.8 | $1,761.2 | $1,758.2 | $1,876.5 | - | - |
| EBITDA | $893.3 | $945.4 | $902.3 | $913.4 | $890.7 | - | - |
| Net Income | $692.8 | $707.8 | $642.2 | $637.8 | $642.6 | - | - |
| Diluted EPS | $11.17 | $11.73 | $10.84 | $10.71 | $10.76 | $14.52 | $16.46 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $501.2 | $480.5 | $395.1 | $324.4 | $587.8 |
| Short-term Debt | $0 | $50 | $50 | $0 | $460 |
| Long-term Debt | $1,513.9 | $1,524.9 | $2,305.5 | $1,626.5 | $947.4 |
| Total Debt | $1,513.9 | $1,574.9 | $2,355.5 | $1,626.5 | $1,407.4 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $747.3 | $611.7 | $602.8 | $762.1 | $652.6 |
| Capital Expenditure | $200 | $5 | $5 | $5 | $112.7 |
| Free Cash Flow | $547.3 | $606.7 | $597.8 | $757.1 | $539.8 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 17.8% | 6.7% | -0.5% | 0.1% | 7.0% |
| Gross Margin | 58.5% | 58.0% | 59.6% | 59.4% | 59.3% |
| EBITDA Margin | 32.1% | 31.8% | 30.5% | 30.9% | 28.1% |
| Net Margin | 24.9% | 23.8% | 21.7% | 21.6% | 20.3% |
| FCF Margin | 19.6% | 20.4% | 20.2% | 25.6% | 17.1% |
| Diluted EPS Growth | 33.6% | 5.0% | -7.6% | -1.2% | 0.5% |