Waters Corp (WAT)

NYSE: WAT · Laboratory Analytical Instruments · Milford, MA · filing with the SEC since 1996

Grade6.4

◀ Past 6.5● Present 6.9▶ Future 5.7

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 23, 2026	Feb 25, 2025	Feb 27, 2024	Feb 27, 2023	Feb 24, 2022	Feb 24, 2021	Feb 25, 2020	Feb 26, 2019	Feb 27, 2018	Feb 24, 2017
Revenue	3,165,286	2,958,387	2,956,416	2,971,956	2,785,874	2,365,365	2,406,596	2,419,929	2,309,078	2,167,423
For lenders
Net interest income	-47,710	-71,485	-81,433	-35,549	·	·	·	·	·	·
Cost of revenue	1,288,822	1,200,201	1,195,223	1,248,182	1,156,533	1,006,689	1,010,700	992,564	947,067	891,453
Research and development	195,711	183,027	174,945	176,190	168,358	140,777	142,955	143,403	132,593	125,187
Selling, general and administrative	830,374	690,148	736,014	658,026	626,968	553,698	534,791	536,902	544,363^r	512,331^r
Total costs and expenses	2,362,698	2,132,034	2,138,740	2,098,561	1,964,167	1,719,876	1,698,139	1,680,155	1,646,880^r	1,542,384^r
Operating income	802,588	826,353	817,676	873,395	821,707	645,489	708,457	739,774	662,198^r	625,039^r
Interest expense	69,548	89,677	98,861	48,797	44,938	49,070	48,690	48,641	56,839	44,911
Interest and investment income	18,777	17,416	16,621	11,020	12,221	16,270	22,058	38,807	36,078	20,686
Other income (expense), net	3,061	776	807	2,228	17,203	-1,775	-3,586	-47,794	-340	-700
Total non-operating income (expense)	3,061	776	807	2,228	17,203	-1,775	·	·	·	·
Income before income taxes	754,878	754,868	736,243	837,846	806,193	610,914	678,239	682,146	641,097	600,114
Income tax expense	112,249	117,034	94,009	130,091	113,350	89,343	86,041	88,352	620,786	78,611
Net income including non-controlling interests	642,629	637,834	642,234	707,755	692,843	521,571	592,198	593,794	20,311	521,503
Net income	642,629	637,834	642,234	707,755	·	·	·	·	·	·
Net income to common shareholders	642,629	637,834	642,234	707,755	692,843	521,571	592,198	593,794	20,311	521,503
Earnings per share, basic	10.80	10.75	10.87	11.80	11.25	8.40	8.76	7.71	0.25	6.46
Earnings per share, diluted	10.76	10.71	10.84	11.73	11.17	8.36	8.69	7.65	0.25	6.41
Weighted average shares, basic	59,509	59,333	59,076	59,985	61,575	62,094	67,627	76,992	79,793	80,786
Weighted average shares, diluted	59,706	59,552	59,270	60,331	62,028	62,414	68,166	77,618	80,604	81,417

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton WAT · research, not advice