Market Cap for Waters Corporation (WAT)
According to Waters Corporation's latest reported financial statements, the company's latest reported market cap is $22.70B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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Latest period
$22.70B
YoY change
-23.1%
5Y CAGR
-5.5%
Peak year (2021)
$23.11B
Latest annual
$17.44B
Market Cap history chart for Waters Corporation (WAT) from 1995 to 2026
Market Cap history table for Waters Corporation (WAT) from 1995 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $17.44B | -23.1% | ||
| 2025 | $22.68B | +2.7% | ||
| 2024 | $22.09B | +13.2% | ||
| 2023 | $19.51B | -5.6% | ||
| 2022 | $20.67B | -10.6% | ||
| 2021 | $23.11B | +49.7% | ||
| 2020 | $15.44B | -3.0% | ||
| 2019 | $15.93B | +8.8% | ||
| 2018 | $14.64B | -6.0% | ||
| 2017 | $15.57B | +42.3% | ||
| 2016 | $10.94B | -2.1% | ||
| 2015 | $11.18B | +16.5% | ||
| 2014 | $9.60B | +10.9% | ||
| 2013 | $8.65B | +11.6% | ||
| 2012 | $7.75B | +13.4% | ||
| 2011 | $6.84B | -6.5% | ||
| 2010 | $7.31B | +21.8% | ||
| 2009 | $6.00B | +62.8% | ||
| 2008 | $3.69B | -54.5% | ||
| 2007 | $8.11B | +58.8% | ||
| 2006 | $5.10B | +16.5% | ||
| 2005 | $4.38B | -23.9% | ||
| 2004 | $5.76B | +36.1% | ||
| 2003 | $4.23B | +43.1% | ||
| 2002 | $2.96B | -44.5% | ||
| 2001 | $5.33B | -53.3% | ||
| 2000 | $11.42B | +224.9% | ||
| 1999 | $3.51B | +34.6% | ||
| 1998 | $2.61B | +135.2% | ||
| 1997 | $1.11B | +21.9% | ||
| 1996 | $911.25M | +81.6% | ||
| 1995 | $501.88M | — |
Market Cap values are taken from Waters Corporation's reported income 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
In 2026, Waters Corporation (WAT) market cap totalled $17.44B – declined 23.1% year-over-year.
Across 2021–2026 (5 years), Waters Corporation market cap produced a CAGR of -5.5% – with a net decline across the window.
Waters Corporation market cap declined from $23.11B in 2021 to $17.44B in 2026, a 24.5% drawdown.
Across the available history, market cap reached its high of $23.11B in 2021 and its low of $501.88M in 1995.
Waters Corporation (WAT) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $311.16B.
Waters Corporation Market Cap by Year
Waters Corporation Market Cap 2026: $17.44B
Waters Corporation market cap in 2026 was $17.44B, declined 23.1% below 2025.
Waters Corporation Market Cap 2025: $22.68B
Waters Corporation market cap in 2025 was $22.68B, edged up 2.7% from 2024.
Waters Corporation Market Cap 2024: $22.09B
Waters Corporation market cap in 2024 was $22.09B, grew 13.2% from 2023.
Waters Corporation Market Cap 2023: $19.51B
Waters Corporation market cap in 2023 was $19.51B, declined 5.6% below 2022.
Waters Corporation Market Cap 2022: $20.67B
Waters Corporation market cap in 2022 was $20.67B.
See more financial history for Waters Corporation (WAT).
Sector peers — Market Cap
Companies in the same sector as Waters Corporation, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| Eli Lilly and Company (LLY) | $825.77B | Healthcare |
| Johnson & Johnson (JNJ) | $548.34B | Healthcare |
| AbbVie Inc. (ABBV) | $349.67B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $332.91B | Healthcare |
| AstraZeneca PLC (AZN) | $289.41B | Healthcare |
| Merck & Co., Inc. (MRK) | $272.11B | Healthcare |
| Amgen Inc. (AMGN) | $183.05B | Healthcare |
| Novo Nordisk A/S (NVO) | $182.96B | Healthcare |
Frequently asked questions
What is Waters Corporation's market cap?
- Latest reported market cap for Waters Corporation (WAT) is $22.70B (period ending December 31, 2025).
How has Waters Corporation market cap changed year-over-year?
- Waters Corporation (WAT) market cap changed -23.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Waters Corporation market cap?
- Waters Corporation (WAT) market cap compound annual growth rate is -5.5% over the most recent 5 years available.
When did Waters Corporation market cap hit its highest annual value?
- Waters Corporation market cap reached its highest annual value of $23.11B in 2021.
What was Waters Corporation market cap in 2025?
- Waters Corporation (WAT) market cap in 2025 was $22.68B.
What was Waters Corporation market cap in 2026?
- Waters Corporation (WAT) market cap in 2026 was $17.44B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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WAT Overview
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