Capital Expenditures for Waters Corporation (WAT)
According to Waters Corporation's latest reported financial statements, the company's current capital expenditures (TTM) is $112.75M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$112.75M
YoY change
-20.9%
5Y CAGR
-8.1%
Peak year (2022)
$183.46M
Cumulative capital expenditures
$2.78B
CapEx history chart for Waters Corporation (WAT) from 1995 to 2025
CapEx history table for Waters Corporation (WAT) from 1995 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $112.75M | -20.9% | ||
| 2024 | $142.48M | -11.3% | ||
| 2023 | $160.63M | -12.4% | ||
| 2022 | $183.46M | +9.0% | ||
| 2021 | $168.27M | -2.4% | ||
| 2020 | $172.38M | +5.2% | ||
| 2019 | $163.82M | +28.4% | ||
| 2018 | $127.56M | +41.0% | ||
| 2017 | $90.47M | -4.7% | ||
| 2016 | $94.97M | -7.8% | ||
| 2015 | $103.01M | -3.0% | ||
| 2014 | $106.25M | -10.3% | ||
| 2013 | $118.45M | +13.1% | ||
| 2012 | $104.75M | +22.6% | ||
| 2011 | $85.44M | +36.2% | ||
| 2010 | $62.74M | -33.1% | ||
| 2009 | $93.80M | +35.8% | ||
| 2008 | $69.06M | +14.5% | ||
| 2007 | $60.34M | +17.3% | ||
| 2006 | $51.42M | +0.7% | ||
| 2005 | $51.05M | -22.9% | ||
| 2004 | $66.24M | +91.5% | ||
| 2003 | $34.59M | -8.9% | ||
| 2002 | $37.97M | -10.5% | ||
| 2001 | $42.41M | +19.9% | ||
| 2000 | $35.37M | +62.2% | ||
| 1999 | $21.80M | +19.8% | ||
| 1998 | $18.20M | -89.8% | ||
| 1997 | $179.20M | +1674.3% | ||
| 1996 | $10.10M | +60.3% | ||
| 1995 | $6.30M | — |
CapEx values are taken from Waters Corporation's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Waters Corporation (WAT) reported capital expenditures of $112.75M – declined 20.9% year-over-year.
Across 2020–2025 (5 years), Waters Corporation capital expenditures produced a CAGR of -8.1% – with a net decline across the window.
Waters Corporation capital expenditures peaked at $183.46M in 2022; the latest annual figure is $112.75M in 2025 (38.5% below peak).
The dataset's maximum capital expenditures sits at $183.46M (2022); the minimum reading of $6.30M dates to 1995.
Within Healthcare, Waters Corporation (WAT) ranks 9th among 8 peers we track. The peer median for capital expenditures is $3.87B.
Waters Corporation Capital Expenditures by Year
Waters Corporation Capital Expenditures 2025: $112.75M
Waters Corporation capital expenditures in 2025 was $112.75M, declined 20.9% below 2024.
Waters Corporation Capital Expenditures 2024: $142.48M
Waters Corporation capital expenditures in 2024 was $142.48M, declined 11.3% below 2023.
Waters Corporation Capital Expenditures 2023: $160.63M
Waters Corporation capital expenditures in 2023 was $160.63M, declined 12.4% below 2022.
Waters Corporation Capital Expenditures 2022: $183.46M
Waters Corporation capital expenditures in 2022 was $183.46M, grew 9.0% from 2021. This figure represents the highest annual value in the available history.
Waters Corporation Capital Expenditures 2021: $168.27M
Waters Corporation capital expenditures in 2021 was $168.27M.
See more financial history for Waters Corporation (WAT).
Sector peers — CapEx
Companies in the same sector as Waters Corporation, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $90.11B | Healthcare |
| Eli Lilly and Company (LLY) | $7.84B | Healthcare |
| Johnson & Johnson (JNJ) | $4.83B | Healthcare |
| Merck & Co., Inc. (MRK) | $4.11B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $3.62B | Healthcare |
| AstraZeneca PLC (AZN) | $2.81B | Healthcare |
| Amgen Inc. (AMGN) | $1.86B | Healthcare |
| AbbVie Inc. (ABBV) | $1.21B | Healthcare |
Frequently asked questions
What is Waters Corporation's capital expenditures?
- Latest reported capital expenditures for Waters Corporation (WAT) is $112.75M (period ending December 31, 2025).
How has Waters Corporation capital expenditures changed year-over-year?
- Waters Corporation (WAT) capital expenditures changed -20.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Waters Corporation capital expenditures?
- Waters Corporation (WAT) capital expenditures compound annual growth rate is -8.1% over the most recent 5 years available.
When did Waters Corporation capital expenditures hit its highest annual value?
- Waters Corporation capital expenditures reached its highest annual value of $183.46M in 2022.
What was Waters Corporation capital expenditures in 2024?
- Waters Corporation (WAT) capital expenditures in 2024 was $142.48M.
What was Waters Corporation capital expenditures in 2025?
- Waters Corporation (WAT) capital expenditures in 2025 was $112.75M.
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