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
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