Waters (WAT) Capital Expenditures (2009 - 2026)

Waters (WAT) posted quarterly Capital Expenditures of $39.0 million for Q2 2026, up 50.0% year-over-year from $26.0 million in Q2 2025, and little changed on a QoQ basis from $39.0 million in Q4 2025.

Waters (WAT) Capital Expenditures (2009 - 2026) Analysis & Trends

Waters (WAT) has reported Capital Expenditures for 18 consecutive years, with $39.0 million the latest figure, recorded in 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 came in at $39.0 million for Q2 2026 at Waters, roughly flat from $39.0 million in the prior quarter.
  • The five-year high for Capital Expenditures was $62.2 million in Q4 2022, with the low at $22.3 million in Q2 2025.
  • Average Capital Expenditures over 5 years is $36.3 million, with a median of $37.1 million recorded in 2023.
  • Across the five-year window, Capital Expenditures plunged 38.13% in 2025 and jumped 50.0% in 2026, its largest moves.
  • Year by year, Capital Expenditures stood at $62.2 million in 2022, then plunged by 33.12% to $41.6 million in 2023, then rose by 25.29% to $52.1 million in 2024, then retreated by 25.2% to $39.0 million in 2025, then increased by 0.07% to $39.0 million in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $39.0 million, $39.0 million, and $25.4 million for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 39.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 376.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 237.00 Mn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 8.27 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 22.14 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 76.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 127.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 38.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 17.41 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 114.00 Mn

Historic Data

Download Data
DateValue
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