Operating Income for Waters Corporation (WAT)
According to Waters Corporation's latest reported financial statements, the company's current operating income (TTM) is $842.65M USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$842.65M
YoY change
+8.1%
5Y CAGR
+6.7%
Peak year (2025)
$893.22M
Cumulative operating income
$13.96B
Operating Income history chart for Waters Corporation (WAT) from 1995 to 2025
Operating Income history table for Waters Corporation (WAT) from 1995 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (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
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 dataset's maximum operating income sits at $893.22M (2025); the minimum reading of $37.60M dates to 1997.
Among 8 Healthcare peers, Waters Corporation (WAT) ranks 9th; the peer median for operating income is $22.84B.
Waters Corporation Operating Income by Year
Waters Corporation Operating Income 2025: $893.22M
Waters Corporation operating income in 2025 was $893.22M, grew 8.1% from 2024. This figure represents the highest annual value in the available history.
Waters Corporation Operating Income 2024: $826.35M
Waters Corporation operating income in 2024 was $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
Waters Corporation operating income in 2022 was $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 — Operating Income
Companies in the same sector as Waters Corporation, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
Frequently asked questions
What is Waters Corporation's operating income?
- Latest reported operating income for Waters Corporation (WAT) is $842.65M (period ending December 31, 2025).
How has Waters Corporation operating income changed year-over-year?
- Waters Corporation (WAT) operating income changed +8.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Waters Corporation operating income?
- Waters Corporation (WAT) operating income compound annual growth rate is +6.7% over the most recent 5 years available.
When did Waters Corporation operating income hit its highest annual value?
- Waters Corporation operating income reached its highest annual value of $893.22M in 2025.
What was Waters Corporation operating income in 2024?
- Waters Corporation (WAT) operating income in 2024 was $826.35M.
What was Waters Corporation operating income in 2025?
- Waters Corporation (WAT) operating income in 2025 was $893.22M.
Metrics overview
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