TTM
$643.90M
YoY change
+8.1%
5Y CAGR
+6.7%
Peak year (2025)
$893.22M
Cumulative operating income
$13.91B
Operating Income history chart for Waters Corporation (WAT) from 1995 to 2025
Latest: $893.22M
Operating Income growth chart for Waters Corporation (WAT) from 1995 to 2025
Latest: +8.1%
Operating Income history table for Waters Corporation (WAT) from 1995 to 2025
| 2025 | $893.22M | +8.1% | +$66.87M | ||
| 2024 | $826.35M | +1.1% | +$8.68M | ||
| 2023 | $817.68M | -6.4% | −$55.72M | ||
| 2022 | $873.39M | +6.3% | +$51.69M | ||
| 2021 | $821.71M | +27.3% | +$176.22M | ||
| 2020 | $645.49M | -8.9% | −$62.97M | ||
| 2019 | $708.46M | -4.2% | −$31.32M | ||
| 2018 | $739.77M | +11.7% | +$77.58M | ||
| 2017 | $662.20M | +5.9% | +$37.16M | ||
| 2016 | $625.04M | +10.1% | +$57.59M | ||
| 2015 | $567.45M | +9.6% | +$49.54M | ||
| 2014 | $517.91M | +0.1% | +$565.00K | ||
| 2013 | $517.34M | +1.1% | +$5.85M | ||
| 2012 | $511.49M | -3.2% | −$17.11M | ||
| 2011 | $528.60M | +17.5% | +$78.67M | ||
| 2010 | $449.93M | +14.0% | +$55.33M | ||
| 2009 | $394.60M | +1.2% | +$4.85M | ||
| 2008 | $389.75M | +11.7% | +$40.88M | ||
| 2007 | $348.88M | +18.2% | +$53.73M | ||
| 2006 | $295.15M | +4.2% | +$12.00M | ||
| 2005 | $283.15M | -0.6% | −$1.70M | ||
| 2004 | $284.86M | +30.0% | +$65.69M | ||
| 2003 | $219.17M | +11.6% | +$22.76M | ||
| 2002 | $196.41M | +31.4% | +$46.88M | ||
| 2001 | $149.53M | -29.1% | −$61.30M | ||
| 2000 | $210.83M | +19.4% | +$34.33M | ||
| 1999 | $176.50M | +29.4% | +$40.10M | ||
| 1998 | $136.40M | +262.8% | +$98.80M | ||
| 1997 | $37.60M | -46.5% | −$32.70M | ||
| 1996 | $70.30M | +24.6% | +$13.90M | ||
| 1995 | $56.40M | — | — |
- 2025$893.22M+8.1%
- 2024$826.35M+1.1%
- 2023$817.68M-6.4%
- 2022$873.39M+6.3%
- 2021$821.71M+27.3%
- 2020$645.49M-8.9%
- 2019$708.46M-4.2%
- 2018$739.77M+11.7%
- 2017$662.20M+5.9%
- 2016$625.04M+10.1%
- 2015$567.45M+9.6%
- 2014$517.91M+0.1%
- 2013$517.34M+1.1%
- 2012$511.49M-3.2%
- 2011$528.60M+17.5%
- 2010$449.93M+14.0%
- 2009$394.60M+1.2%
- 2008$389.75M+11.7%
- 2007$348.88M+18.2%
- 2006$295.15M+4.2%
- 2005$283.15M-0.6%
- 2004$284.86M+30.0%
- 2003$219.17M+11.6%
- 2002$196.41M+31.4%
- 2001$149.53M-29.1%
- 2000$210.83M+19.4%
- 1999$176.50M+29.4%
- 1998$136.40M+262.8%
- 1997$37.60M-46.5%
- 1996$70.30M+24.6%
- 1995$56.40M—
Operating Income 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 Operating Income at Waters Corporation (WAT)
According to Waters Corporation's latest reported financial statements, the company's current operating income (TTM) is $643.90M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual operating income for Waters Corporation (WAT) came in at $893.22M – grew 8.1% year-over-year.
Waters Corporation operating income compound annual growth for the 2020–2025 (5 years) window is +6.7%, sustaining 2 straight years of year-over-year growth.
The record annual operating income stands at $893.22M, reached in 2025; the historical low of $37.60M was recorded in 1997.
Waters Corporation Operating Income by Year
Waters Corporation Operating Income 2025: $893.22M
Waters Corporation posted operating income of $893.22M in 2025, grew 8.1% from 2024. This figure represents the highest annual value in the available history.
Waters Corporation Operating Income 2024: $826.35M
In 2024, Waters Corporation reported operating income of $826.35M, edged up 1.1% from 2023.
Waters Corporation Operating Income 2023: $817.68M
Waters Corporation operating income in 2023 was $817.68M, declined 6.4% below 2022.
Waters Corporation Operating Income 2022: $873.39M
2022's operating income for Waters Corporation came in at $873.39M, grew 6.3% from 2021.
Waters Corporation Operating Income 2021: $821.71M
Waters Corporation operating income in 2021 was $821.71M.
See more financial history for Waters Corporation (WAT).
Sector peers by Operating Income
Healthcare peers of Waters Corporation (WAT), ranked by their latest operating income
| $29.70B | |
| $25.60B | |
| $23.49B | |
| $20.09B | |
| $19.90B | |
| $18.96B | |
| $13.74B | |
| $10.68B |
- $29.70B
- $25.60B
- $23.49B
- $20.09B
- $19.90B
- $18.96B
- $13.74B
- $10.68B
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