Waters (WAT) Capital Expenditures (2009 - 2026)
Waters (WAT) recorded quarterly Capital Expenditures of $39.0 million in Q2 2026, little changed quarter-over-quarter from $39.0 million in Q4 2025, and up 50.0% on a YoY basis from $26.0 million in Q2 2025.
Waters (WAT) Capital Expenditures (2009 - 2026) Analysis & Trends
Waters' Capital Expenditures history runs 18 years deep, the most recent figure standing at $39.0 million for Q2 2026.
- In Q2 2026, Capital Expenditures rose 50.0% year-over-year to $39.0 million; the TTM figure through Apr 2026 stood at $125.7 million (down 10.07% YoY), while the FY2025 annual figure was $112.7 million, down 20.87% from the prior year.
- Capital Expenditures was $39.0 million for Q2 2026 at Waters, roughly flat from $39.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $62.2 million in Q4 2022 to a low of $22.3 million in Q2 2025.
- Historically, Capital Expenditures has averaged $36.3 million across 5 years, with a median of $37.1 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Capital Expenditures tumbled 38.13% in 2025, then jumped 50.0% in 2026.
- A 5-year view of Capital Expenditures shows it stood at $62.2 million in 2022, then tumbled by 33.12% to $41.6 million in 2023, then climbed by 25.29% to $52.1 million in 2024, then dropped by 25.2% to $39.0 million in 2025, then advanced by 0.07% to $39.0 million in 2026.
- The last three Capital Expenditures figures came in at $39.0 million (Q2 2026), $39.0 million (Q4 2025), and $25.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 39.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 376.00 Mn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 237.00 Mn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 8.27 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 76.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 127.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 22.14 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 38.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 17.41 Mn |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 114.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 39.00 Mn |
| Apr 4, 2026 | 39.00 Mn |
| Dec 31, 2025 | 38.97 Mn |
| Dec 31, 2025 | 38.97 Mn |
| Sep 27, 2025 | 25.44 Mn |
| Sep 27, 2025 | 25.44 Mn |
| Jun 28, 2025 | 22.34 Mn |
| Jun 28, 2025 | 22.34 Mn |
| Mar 29, 2025 | 26.00 Mn |
| Mar 29, 2025 | 26.00 Mn |
| Dec 31, 2024 | 52.10 Mn |
| Dec 31, 2024 | 52.10 Mn |
| Sep 28, 2024 | 25.62 Mn |
| Sep 28, 2024 | 25.62 Mn |
| Jun 29, 2024 | 36.10 Mn |
| Jun 29, 2024 | 36.10 Mn |
| Mar 30, 2024 | 28.66 Mn |
| Mar 30, 2024 | 28.66 Mn |
| Dec 31, 2023 | 41.59 Mn |
| Dec 31, 2023 | 41.59 Mn |