Waters Corporation balance sheet

At the end of fiscal 2025, Waters Corporation had total assets of $5.08bn, total liabilities of $2.52bn and shareholders' equity of $2.56bn. It held $588m in cash against $1.87bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Waters Corporation: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJul 2026
Cash and equivalents	0.3	0.3	0.4	0.5	0.4	0.4	0.5	0.5	0.6	0.8	0.3	0.4	0.5	0.5	0.4	0.3	0.6	0.5
Receivables	0.3	0.4	0.4	0.4	0.4	0.4	0.5	0.5	0.5	0.6	0.6	0.6	0.6	0.7	0.7	0.7	0.8	2.0
Inventory	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.4	0.5	0.5	0.5	0.6	1.4
Total current assets	1.2	1.6	1.9	2.3	2.6	2.8	3.2	3.6	4.3	2.7	1.3	1.4	1.6	1.8	1.8	1.7	2.1	4.5
Goodwill	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	1.3	1.3	1.3	9.4
Total assets	1.9	2.3	2.7	3.2	3.6	3.9	4.3	4.7	5.3	3.7	2.6	2.8	3.1	3.3	4.6	4.6	5.1	24.8
Accounts payable	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.9
Total current liabilities	0.4	0.4	0.6	0.5	0.5	0.6	0.6	0.5	0.6	0.4	0.6	0.8	0.7	0.8	0.8	0.8	1.2	2.4
Short-term debt	0.1	0.1	0.3	0.1	0.1	0.2	0.2	0.1	0.1	0.0	0.1	0.2	0.0	—	—	—	—	—
Long-term debt	0.5	0.7	0.7	1.0	1.2	1.2	1.5	1.7	1.9	1.1	1.6	1.2	1.5	1.5	2.3	1.6	0.9	4.9
Total debt	0.6	0.8	1.0	1.2	1.3	1.5	1.7	1.8	2.0	1.1	1.8	1.5	1.5	1.6	2.4	1.6	1.9	5.1
Total liabilities	1.1	1.3	1.5	1.7	1.8	2.0	2.2	2.4	3.1	2.2	2.8	2.6	2.7	2.8	3.5	2.7	2.5	9.6
Shareholders' equity	0.8	1.1	1.2	1.5	1.8	1.9	2.1	2.3	2.2	1.6	−0.2	0.2	0.4	0.5	1.2	1.8	2.6	15.2
Shares outstanding	94m	92m	89m	86m	85m	83m	81m	80m	79m	73m	63m	62m	61m	59m	59m	59m	60m	—

US$ billions unless shown otherwise. Fiscal quarters.

Waters Corporation: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026
Receivables	0.7	0.7	0.7	0.7	0.7	0.8	0.7	2.0
Inventory	0.5	0.5	0.5	0.5	0.6	0.6	1.5	1.4
Total current assets	1.6	1.7	1.7	1.8	1.9	2.1	4.1	4.5
Goodwill	1.3	1.3	1.3	1.3	1.3	1.3	9.3	9.4
Total assets	4.5	4.6	4.6	4.7	4.9	5.1	24.5	24.8
Accounts payable	0.1	0.1	0.1	0.1	0.1	0.1	0.6	0.9
Total current liabilities	0.8	0.8	1.0	1.0	1.3	1.2	2.3	2.4
Long-term debt	1.8	1.6	1.4	1.2	0.9	0.9	4.9	4.9
Total debt	1.8	1.6	1.4	1.2	0.9	0.9	4.9	4.9
Total liabilities	2.9	2.7	2.6	2.6	2.5	2.5	9.2	9.6
Shareholders' equity	1.6	1.8	2.0	2.2	2.3	2.6	15.3	15.2
Shares outstanding	59m	59m	59m	60m	60m	60m	98m	98m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Waters Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Waters Corporation.