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Operating Margin for Waters Corporation (WAT)

As of · Reported

Metric

TTM

17.1%

YoY change

+0.29pp

Trough year (1997)

8.1%

Peak year (2018)

30.6%

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

Latest: 28.2%

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

Latest: +0.29pp

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

  • 202528.2%+0.29pp
  • 202427.9%+0.27pp
  • 202327.7%-1.73pp
  • 202229.4%-0.11pp
  • 202129.5%+2.21pp
  • 202027.3%-2.15pp
  • 201929.4%-1.13pp
  • 201830.6%+1.89pp
  • 201728.7%-0.16pp
  • 201628.8%+1.05pp
  • 201527.8%+1.75pp
  • 201426.0%-1.13pp
  • 201327.2%-0.58pp
  • 201227.7%-0.81pp
  • 201128.6%+1.18pp
  • 201027.4%+1.05pp
  • 200926.3%+1.59pp
  • 200824.7%+1.06pp
  • 200723.7%+0.63pp
  • 200623.1%-1.39pp
  • 200524.4%-1.34pp
  • 200425.8%+2.92pp
  • 200322.9%+0.80pp
  • 200222.1%+4.67pp
  • 200117.4%-9.11pp
  • 200026.5%+1.46pp
  • 199925.1%+3.01pp
  • 199822.0%+13.97pp
  • 19978.1%-9.90pp
  • 199618.0%+1.04pp
  • 199516.9%—

Operating 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 Operating Margin at Waters Corporation (WAT)

According to Waters Corporation's latest reported financial statements, the company's latest reported operating margin is 17.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

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

2025's annual operating margin for Waters Corporation (WAT) came in at 28.22% – expanded 0.3 percentage points year-over-year.

30.57% stands as the all-time-high annual operating margin, posted in 2018, against a low of 8.08% during 1997.

Waters Corporation Operating Margin by Year

Waters Corporation Operating Margin 2025: 28.2%

2025's operating margin for Waters Corporation came in at 28.22%, expanded 0.3 percentage points from 2024.

Waters Corporation Operating Margin 2024: 27.9%

Waters Corporation posted operating margin of 27.93% in 2024, expanded 0.3 percentage points from 2023.

Waters Corporation Operating Margin 2023: 27.7%

In 2023, Waters Corporation reported operating margin of 27.66%, contracted 1.7 percentage points from 2022.

Waters Corporation Operating Margin 2022: 29.4%

Waters Corporation operating margin in 2022 was 29.39%, contracted 0.1 percentage points from 2021.

Waters Corporation Operating Margin 2021: 29.5%

Waters Corporation operating margin in 2021 was 29.50%.

See more financial history for Waters Corporation (WAT).

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