Waters Corporation revenue
Waters Corporation's revenue was $3.17bn in fiscal 2025, up 7.0% on the year before. Since fiscal 2009 ($1.50bn) it has grown at a compound 4.8% a year. Over the last twelve months it was $4.64bn.
Revenue history
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,499 | 1,643 | 1,851 | 1,844 | 1,904 | 1,989 | 2,042 | 2,167 | 2,309 | 2,420 | 2,407 | 2,365 | 2,786 | 2,972 | 2,956 | 2,958 | 3,165 | 4,644 |
| Growth on the year before | — | +9.7% | +12.6% | −0.4% | +3.3% | +4.5% | +2.7% | +6.1% | +6.5% | +4.8% | −0.6% | −1.7% | +17.8% | +6.7% | −0.5% | +0.1% | +7.0% | — |
| Gross profit | 904 | 990 | 1,121 | 1,106 | 1,121 | 1,164 | 1,200 | 1,276 | 1,362 | 1,427 | 1,396 | 1,359 | 1,629 | 1,724 | 1,761 | 1,758 | 1,876 | — |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Products | $2B | 62.5% | ▲ 7.2% |
| Waters Instrument Systems (part of Products) | $1.1B | 55.7% | ▲ 6.7% |
| Chemistry Consumables (part of Products) | $631M | 31.9% | ▲ 11.7% |
| Ta Instrument Systems (part of Products) | $244M | 12.3% | ▼ 1.0% |
| Services | $1.2B | 37.5% | ▲ 6.6% |
| Waters Service (part of Services) | $1.1B | 90.9% | ▲ 7.3% |
| Ta Service (part of Services) | $108M | 9.1% | ▲ 0.2% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $1.2B | 36.7% | ▲ 4.1% |
| United States (part of Americas) | $966M | 83.1% | ▲ 3.4% |
| Americas Other (part of Americas) | $196M | 16.9% | ▲ 7.6% |
| Asia Pacific | $1B | 32.9% | ▲ 7.3% |
| Asia Other (part of Asia Pacific) | $603M | 58.0% | ▲ 5.3% |
| China (part of Asia Pacific) | $437M | 42.0% | ▲ 10.3% |
| Europe | $963M | 30.4% | ▲ 10.3% |
From Waters Corporation's 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Waters Corporation | $4.64bn | 52.5% | 15.8% |
| Illumina, Inc. | $4.54bn | 5.8% | 0.5% |
| Mettler Toledo | $4.13bn | 6.9% | 1.5% |
| Charles River Laboratories | $4.00bn | -0.7% | -1.5% |
| Bruker Corp | $3.50bn | 1.6% | 8.8% |
| Avantor, Inc. | $6.64bn | 0.9% | -1.9% |
Compare with peers
- Illumina, Inc. revenue
- Mettler Toledo revenue
- Charles River Laboratories revenue
- Bruker Corp revenue
- Avantor, Inc. revenue
Head to head: ILMN vs WATMTD vs WATCRL vs WATAVTR vs WAT
More: Life Sciences Tools & Services stocks compared, Health Care sector, rankings of US companies