Waters Corporation (WAT)
NYSE: WATHealthcareDiagnostics & ResearchUSD
At close: Oct 7, 3:59 PM ET · Delayed 15 min
After hours: 435.99 -0.02%
WAT stock chart
Technical analysisKey statistics
All statistics- Market cap
- $42.83B
- P/E (TTM)
- 110.43
- Forward P/E
- 26.37
- EPS (TTM)
- $3.95
- Dividend yield
- None
- 52-week range
- 282.77 – 454.54
- Day range
- 427.41 – 440.37
- Volume / Avg
- 617.92K / 770.67K
- Beta
- —
- Shares outstanding
- 98.19M
- Next earnings
- Nov 3, 2026
52-week range
WAT stock today
Shares of Waters (WAT) finished lower on Oct 7 at $436.18, a drop of 0.06% or $0.25 per share, versus the S&P 500's 0.22% decline. At this level, WAT sits near the top of its 52-week range of $282.77 to $454.54: 4.0% below the high, set on Oct 6, 2026 and 54.3% above the low. WAT is up 14.8% year to date, outperforming the S&P 500 (+14.0%). Over the past 12 months, the stock has gained 36.9%.
At 110.4x trailing earnings, Waters trades above the peer-group median of 33.3x. Its forward P/E of 26.4x is lower than the trailing multiple, which means analysts expect earnings to rise over the next year. Waters's next earnings report is expected on Nov 3, 2026.
Summary generated from market data by MetaCap's automated system. Methodology
About Waters
Company profileWaters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company operates through two segments, Waters and TA. The company designs, manufactures, sells, and services liquid chromatography, as well as mass spectrometry (MS) technology systems and supports products, including chromatography columns, and other consumable products.
- Sector
- Healthcare
- Industry
- Diagnostics & Research
- CEO
- Dr. Udit Batra Ph.D.
- Headquarters
- Milford, MA
- Employees
- 16,000
- IPO year
- 1995
- Website
- waters.com
Financial highlights
Full financialsIn fiscal 2025, Waters generated $3.17 billion in revenue, up 7.0% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $642.6 million (+0.8% year over year), for a net margin of 20.3% versus a median of 22.1% in the prior 5 years. Gross margin was 59.3% (down from 59.4%) and operating margin 25.4%.
| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $3.17B | $2.96B | $2.96B | $2.97B | $2.79B |
| Growth | +6.99% | +0.07% | -0.52% | +6.68% | +17.78% |
| Net income | $642.63M | $637.83M | $642.23M | $707.75M | $692.84M |
| EPS (diluted) | $10.76 | $10.71 | $10.84 | $11.73 | $11.17 |
Analyst forecast
ForecastConsensus (24 analysts)
buy
Avg. price target
$453.26+3.92%
- Strong buy 3
- Buy 15
- Hold 6
- Sell 0
- Strong sell 0
Target range
Ratings and targets reflect third-party analyst opinions, not MetaCap recommendations.
Earnings
Earnings history- Next report
- Nov 3, 2026
- EPS estimate
- $3.99
- Last reported (Q2 2026)
- Aug 11, 2026
- EPS actual vs est.
- $-1.39 vs —
Waters peers
Healthcare sector| Company | Price | % Chg | Market cap | Compare |
|---|---|---|---|---|
| IQVIQVIA Holdings Inc. | 258.13 | -0.71% | $42.49B | vs WAT |
| ILMNIllumina Inc. | 267.76 | -2.11% | $40.43B | vs WAT |
| IDXXIDEXX Laboratories Inc. | 506.67 | -1.70% | $39.92B | vs WAT |
| AAgilent Technologies Inc. | 169.03 | -0.18% | $47.66B | vs WAT |
| MTDMettler-Toledo International Inc. | 1,533.40 | +0.02% | $30.72B | vs WAT |
| NTRANatera Inc. | 395.56 | -1.27% | $57.02B | vs WAT |
| LHLabcorp Holdings Inc. | 312.09 | +0.12% | $25.31B | vs WAT |
| DGXQuest Diagnostics Incorporated | 226.96 | -0.63% | $25.05B | vs WAT |
Indexes, lists and sector
Index membership
Appears in lists
Waters stock FAQ
What is Waters's stock price today?
WAT last traded at $436.18 as of Oct 7, 3:59 PM EDT, down 0.06% on the day. Prices are delayed at least 15 minutes.
Does Waters pay a dividend?
No. Waters does not currently pay a regular cash dividend.
When is Waters's next earnings date?
Waters is expected to report earnings on Tuesday, November 3, 2026. Analysts expect EPS of $3.99.
What is WAT's P/E ratio?
WAT trades at a trailing P/E ratio of 110.43 and a forward P/E of 26.37, compared with a median of 33.3 for its closest peers.
Is Waters in the S&P 500?
Yes. Waters (WAT) is a constituent of the S&P 500 index.
Who is Waters's CEO?
Dr. Udit Batra Ph.D. is the chief executive officer of Waters Corporation, which has about 16,000 employees.
Has WAT ever split its stock?
Yes. The most recent WAT stock split was a 2-for-1 split on Aug 28, 2000, one of 2 splits on record.