Skip to content
Screener

Waters Corporation WAT Q1 2025 earnings

Reported May 6, 2025 · Before market open

Revenue$661.7MBeat by $6.9M
EPS$2.25Beat by $0.03
Revenue estimate$654.8M
EPS estimate$2.22

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$1.8B
EPS estimate$4.01

Financials

Q1 2025

Income statement

See full
Revenue$662.0M+4.0%
Gross profit$385.3M+2.7%
Operating income$152.0M+13.6%
Net income$121.0M+18.4%
EPS (diluted)$2.03+18.0%

Balance sheet

See full
Cash & equivalents$382.9M+13.5%
Total debt$1.4B-31.2%
Total equity$2.0B+56.1%
Total assets$4.6B+1.8%

Cash flow

See full
Operating cash flow$260.0M-1.1%
CapEx$26.0M-9.3%
Free cash flow$234.0M-0.1%

Valuation & ratios

Valuation

as of 03/29/25
See full
Market cap$21.9B+7.4%
Enterprise value$22.95B+3.7%
P/E33.3×-0.4×
P/S7.3×+0.3×

Profitability

See full
Gross margin59.3%-0.4pp
Operating margin28.3%+1.6pp
Net margin22%+1.3pp
FCF margin20.8%+2.1pp

Returns & leverage

See full
Return on equity40.8%-24.2pp
Debt / equity0.7×-0.9×
Current ratio1.8×-0.1×

Segments

By geography

See full
Americas$256.0M+6.1%
Asia Pacific$221.0M+6.5%
Asia Other$130.0M+6.7%
Americas Other$40.0M+4.4%

By product

See full
Service$261.0M+0.1%

FAQ

When did Waters Corporation report Q1 2025 earnings?
Waters Corporation (WAT) reported Q1 2025 earnings on May 6, 2025 before market open.
What were Waters Corporation's Q1 2025 revenue and EPS?
Waters Corporation reported revenue of $661.7M and eps of $2.25 for Q1 2025.
Did Waters Corporation beat estimates in Q1 2025?
Revenue beat the consensus estimate of $654.8M by $6.9M. EPS beat the consensus estimate of $2.22 by $0.03.
How did Waters Corporation's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.9% from $636.8M a year earlier and eps grew 1.8% from $2.21.
Where can I find Waters Corporation's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-113232) and the 10-Q periodic report (0001193125-25-113274) directly on SEC EDGAR. The filing index links above go to sec.gov.