Ticker League

EBITDA Margin for Waters Corporation (WAT)

As of · Reported

Metric

TTM

24.5%

YoY change

−3.06pp

Trough year (1997)

12.6%

Peak year (2021)

35.3%

EBITDA Margin history chart for Waters Corporation (WAT) from 1995 to 2025

Latest: 32.0%

EBITDA Margin change chart for Waters Corporation (WAT) from 1995 to 2025

Latest: −3.06pp

EBITDA Margin history table for Waters Corporation (WAT) from 1995 to 2025

  • 202532.0%-3.06pp
  • 202435.0%+1.17pp
  • 202333.9%-0.36pp
  • 202234.2%-1.06pp
  • 202135.3%+2.08pp
  • 202033.2%-1.38pp
  • 201934.6%-0.10pp
  • 201834.7%-0.14pp
  • 201734.8%+0.61pp
  • 201634.2%+1.49pp
  • 201532.7%+1.59pp
  • 201431.1%-0.38pp
  • 201331.5%-0.20pp
  • 201231.7%-0.58pp
  • 201132.3%+0.98pp
  • 201031.3%+0.94pp
  • 200930.4%+0.13pp
  • 200830.2%+2.92pp
  • 200727.3%-0.02pp
  • 200627.3%-0.90pp
  • 200528.2%-1.36pp
  • 200429.6%+3.08pp
  • 200326.5%-0.58pp
  • 200227.1%+5.73pp
  • 200121.4%-8.86pp
  • 200030.2%+0.96pp
  • 199929.3%+2.63pp
  • 199826.6%+14.02pp
  • 199712.6%-9.92pp
  • 199622.5%+0.63pp
  • 199521.9%—

EBITDA Margin values are taken from Waters Corporation's reported income 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 EBITDA Margin at Waters Corporation (WAT)

According to Waters Corporation's latest reported financial statements, the company's latest reported EBITDA margin is 24.5%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual EBITDA margin for Waters Corporation (WAT) came in at 31.97% – contracted 3.1 percentage points year-over-year.

35.28% stands as the all-time-high annual EBITDA margin, posted in 2021, against a low of 12.61% during 1997.

Waters Corporation EBITDA Margin by Year

Waters Corporation EBITDA Margin 2025: 32.0%

2025's EBITDA margin for Waters Corporation came in at 31.97%, contracted 3.1 percentage points from 2024.

Waters Corporation EBITDA Margin 2024: 35.0%

Waters Corporation posted EBITDA margin of 35.03% in 2024, expanded 1.2 percentage points from 2023.

Waters Corporation EBITDA Margin 2023: 33.9%

In 2023, Waters Corporation reported EBITDA margin of 33.86%, contracted 0.4 percentage points from 2022.

Waters Corporation EBITDA Margin 2022: 34.2%

Waters Corporation EBITDA margin in 2022 was 34.22%, contracted 1.1 percentage points from 2021.

Waters Corporation EBITDA Margin 2021: 35.3%

Waters Corporation EBITDA margin in 2021 was 35.28%.

See more financial history for Waters Corporation (WAT).

Sector peers by EBITDA Margin

Healthcare peers of Waters Corporation (WAT), ranked by their latest EBITDA margin

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

Overview