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| 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 |