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Waters Corporation (WAT) is a healthcare company in the standard laboratory equipment industry, based in Milford, United States, with about 16,000 full-time employees.
It reported revenue of $3.17 billion for fiscal year 2025, up 7.0% from fiscal year 2024, and net income of $642.63 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $1.65 billion, up 113.3% from a year before. Its largest business segment, Waters, brought in 89% of segment revenue in fiscal year 2025; United States was the largest region with 31%. Its market capitalization was $42.59 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company operates through two segments, Waters and TA.
Waters reported $3.17 billion in revenue for fiscal year 2025, up 7.0% from $2.96 billion in fiscal year 2024. In Q2 2026 revenue was $1.65 billion.
Waters, with $2.81 billion or 89% of segment revenue in fiscal year 2025. Next: Materials Sciences Division (11%).
United States: 31% of revenue by region in fiscal year 2025, followed by Europe (30%).
$42.59 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (standard laboratory equipment) include Thermo Fisher Scientific Inc. (TMO), Steris plc (STE), 908 Devices Inc. (MASS), Scientific Industries, Inc. (SCND).