Latest period
$126M
YoY change
-20.9%
5Y CAGR
-8.1%
Peak year (FY2022)
$183M
Cumulative CapEx
$2.81B
CapEx history chart for Waters Corporation (WAT) from 2016 to 2025
Latest: $113M
CapEx growth chart for Waters Corporation (WAT) from 2016 to 2025
Latest: -20.9%
CapEx history table for Waters Corporation (WAT) from 1995 to 2025
| FY2025 | $113M | -20.9% | -$29.7M | ||
| FY2024 | $142M | -11.3% | -$18.2M | ||
| FY2023 | $161M | -12.4% | -$22.8M | ||
| FY2022 | $183M | +9.0% | +$15.2M | ||
| FY2021 | $168M | -2.4% | -$4.12M | ||
| FY2020 | $172M | +5.2% | +$8.56M | ||
| FY2019 | $164M | +28.4% | +$36.3M | ||
| FY2018 | $128M | +41.0% | +$37.1M | ||
| FY2017 | $90.5M | -4.7% | -$4.49M | ||
| FY2016 | $95M | -7.8% | -$8.05M | ||
| FY2015 | $103M | -3.0% | -$3.24M | ||
| FY2014 | $106M | -10.3% | -$12.2M | ||
| FY2013 | $118M | +13.1% | +$13.7M | ||
| FY2012 | $105M | +22.6% | +$19.3M | ||
| FY2011 | $85.4M | +36.2% | +$22.7M | ||
| FY2010 | $62.7M | -33.1% | -$31.1M | ||
| FY2009 | $93.8M | +35.8% | +$24.7M | ||
| FY2008 | $69.1M | +14.5% | +$8.72M | ||
| FY2007 | $60.3M | +17.3% | +$8.92M | ||
| FY2006 | $51.4M | +0.7% | +$376K | ||
| FY2005 | $51M | -22.9% | -$15.2M | ||
| FY2004 | $66.2M | +91.5% | +$31.7M | ||
| FY2003 | $34.6M | -8.9% | -$3.38M | ||
| FY2002 | $38M | -10.5% | -$4.44M | ||
| FY2001 | $42.4M | +19.9% | +$7.04M | ||
| FY2000 | $35.4M | +62.2% | +$13.6M | ||
| FY1999 | $21.8M | +19.8% | +$3.6M | ||
| FY1998 | $18.2M | -89.8% | -$161M | ||
| FY1997 | $179M | +1674.3% | +$169M | ||
| FY1996 | $10.1M | +60.3% | +$3.8M | ||
| FY1995 | $6.3M | — | — |
- FY2025$113M-20.9%
- FY2024$142M-11.3%
- FY2023$161M-12.4%
- FY2022$183M+9.0%
- FY2021$168M-2.4%
- FY2020$172M+5.2%
- FY2019$164M+28.4%
- FY2018$128M+41.0%
- FY2017$90.5M-4.7%
- FY2016$95M-7.8%
- FY2015$103M-3.0%
- FY2014$106M-10.3%
- FY2013$118M+13.1%
- FY2012$105M+22.6%
- FY2011$85.4M+36.2%
- FY2010$62.7M-33.1%
- FY2009$93.8M+35.8%
- FY2008$69.1M+14.5%
- FY2007$60.3M+17.3%
- FY2006$51.4M+0.7%
- FY2005$51M-22.9%
- FY2004$66.2M+91.5%
- FY2003$34.6M-8.9%
- FY2002$38M-10.5%
- FY2001$42.4M+19.9%
- FY2000$35.4M+62.2%
- FY1999$21.8M+19.8%
- FY1998$18.2M-89.8%
- FY1997$179M+1674.3%
- FY1996$10.1M+60.3%
- FY1995$6.3M—
CapEx values are taken from Waters Corporation's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Waters Corporation (WAT)
According to Waters Corporation's latest reported financial statements, the company's current CapEx (TTM) is $126M. 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 .
As of the 2025 fiscal year, Waters Corporation (WAT) reported CapEx of $113M – declined 20.9% year-over-year.
Across 2020–2025 (5 years), Waters Corporation CapEx produced a CAGR of -8.1% – with a net decline across the window.
Waters Corporation CapEx peaked at $183M in 2022; the latest annual figure is $113M in 2025 (38.5% below peak).
The record annual CapEx stands at $183M, reached in 2022; the historical low of $6.3M was recorded in 1995.
Waters Corporation Capital Expenditures by Year
Waters Corporation Capital Expenditures 2025: $113M
Waters Corporation posted CapEx of $113M in 2025, declined 20.9% below 2024.
Waters Corporation Capital Expenditures 2024: $142M
In 2024, Waters Corporation reported CapEx of $142M, declined 11.3% below 2023.
Waters Corporation Capital Expenditures 2023: $161M
Waters Corporation CapEx in 2023 was $161M, declined 12.4% below 2022.
Waters Corporation Capital Expenditures 2022: $183M
2022's CapEx for Waters Corporation came in at $183M, grew 9.0% from 2021. This figure represents the highest annual value in the available history.
Waters Corporation Capital Expenditures 2021: $168M
Waters Corporation CapEx in 2021 was $168M.
See more financial history for Waters Corporation (WAT).
Sector peers by CapEx
Healthcare peers of Waters Corporation (WAT), ranked by their latest CapEx
| $14B | |
| $7.84B | |
| $4.83B | |
| $4.11B | |
| $3.62B | |
| $1.86B | |
| $1.53B | |
| $1.21B |
- $7.84B
- $4.83B
- $4.11B
- $3.62B
- $1.86B
- $1.21B
Frequently asked questions
Waters Corporation (WAT) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks0.05% TTM
- Dividend Profile0.01% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History2 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.