Investing
CapEx
Waters Corporation CapEx increased by 0.1% to $39.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $26.00M to $39.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -8.6% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $37.39M | $39.73M | $44.65M | $27.75M | $47.00M | $38.99M | $62.18M | $34.39M | $46.61M | $38.05M | $41.59M | $28.66M | $36.10M | $25.62M | $52.10M | $26.00M | $22.34M | $25.44M | $38.97M | $39.00M |
| QoQ Change | — | +6.3% | +12.4% | -37.9% | +69.3% | -17.0% | +59.5% | -44.7% | +35.5% | -18.4% | +9.3% | -31.1% | +26.0% | -29.0% | +103.4% | -50.1% | -14.1% | +13.9% | +53.2% | +0.1% |
| YoY Change | — | — | — | — | +25.7% | -1.8% | +39.3% | +23.9% | -0.8% | -2.4% | -33.1% | -16.7% | -22.5% | -32.7% | +25.3% | -9.3% | -38.1% | -0.7% | -25.2% | +50.0% |
Range$22.34M – $62.18M
CAGR+0.9%
Avg YoY Growth-1.2%
Median YoY Growth-2.1%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Waters Corporation's capex?
- Waters Corporation (WAT) reported capex of $39.00M in Q1 2026.
- How has Waters Corporation's capex changed year-over-year?
- Waters Corporation's capex increased by 50.0% year-over-year, from $26.00M to $39.00M.
- What is the long-term trend for Waters Corporation's capex?
- Over 4 years (2021 to 2025), Waters Corporation's capex has grown at a -8.6% compound annual growth rate (CAGR), from $161.27M to $112.75M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.