Skip to content

Waters Corporation WAT Service — Revenue

Other product segments

Consumables
$543M
Instrument Systems
$376M

Similar metrics at other companies

908 Devices logo
MASSService — Revenue
$2.64M-18.6%
Eastman Kodak Company logo
KODKService — Revenue
$36M-2.7%
Mesa Laboratories logo
MLABService — Revenue
$12.2M+11.3%
Clean Energy Fuels logo
CLNEService — Revenue
$14.68M+9.0%
Richtech Robotics Inc. logo
RRService — Revenue
$357.25K
One Stop Systems, Inc. logo
OSSService — Revenue
$1.01M+145%

Other financials

Income statement

See full
Revenue$1.3B+91.4%
Gross profit$569.5M+8.6%
Operating income-$47.0M-131%
Net income-$72.0M-160%
EPS (diluted)-$0.87-143%

Balance sheet

See full
Cash & equivalents$462.0M+20.7%
Total debt$5.2B+263%
Total equity$15.3B+679%
Total assets$24.5B+434%

Cash flow

See full
Operating cash flow-$3.0M-101%
CapEx$39.0M+50.0%
Free cash flow-$42.0M-118%

Valuation

See full
Market cap$36.76B+78.1%
Enterprise value$41.51B+92.6%
P/E81.8×+50.6×
P/S9.8×+3.0×

Profitability

See full
Gross margin59.3%-0.1pp
Operating margin16%-12.3pp
Net margin11.9%-10.1pp
FCF margin7%-13.8pp

Returns & leverage

See full
Return on equity5.2%-35.6pp
Debt / equity0.3×-0.4×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Waters Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Waters Corporation’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

Ask your AI about Waters Corporation's service — revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Waters Corporation's service — revenue?
Waters Corporation (WAT) reported service — revenue of $348M in Q1 2026.
How has Waters Corporation's service — revenue changed year-over-year?
Waters Corporation's service — revenue increased by 33.3% year-over-year, from $261M to $348M.
What is the long-term trend for Waters Corporation's service — revenue?
Over 4 years (2021 to 2025), Waters Corporation's service — revenue has grown at a 5.4% compound annual growth rate (CAGR), from $963.8M to $1.19B.
What does service — revenue mean?
This metric represents the total gross revenue generated specifically from service-related activities, such as maintenance, repairs, and technical support contracts for analytical instrumentation. It reflects the recurring revenue stream derived from supporting the installed base of equipment after the initial sale. This is a critical indicator of the company's ability to maintain long-term customer relationships and generate predictable, high-margin cash flows.