KPIs & Operating Metrics(New)
Growth Metrics

Waters (WAT) Cost of Revenue (2016 - 2025)

Waters (WAT) has 17 years of Cost of Revenue data on record, last reported at $766.4 million in Q4 2025.

  • For Q4 2025, Cost of Revenue changed N/A year-over-year to $766.4 million; the TTM value through Dec 2025 reached $1.1 billion, changed N/A, while the annual FY2025 figure was $1.3 billion, 7.38% up from the prior year.
  • Cost of Revenue reached $766.4 million in Q4 2025 per WAT's latest filing, up from $120.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $766.4 million in Q4 2025 and bottomed at $108.2 million in Q1 2025.
  • Average Cost of Revenue over 5 years is $285.7 million, with a median of $285.7 million recorded in 2022.
  • Peak YoY movement for Cost of Revenue: surged 182.39% in 2021, then plummeted 62.84% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $351.0 million in 2021, then decreased by 0.8% to $348.2 million in 2022, then fell by 8.57% to $318.4 million in 2023, then plummeted by 65.99% to $108.3 million in 2024, then surged by 607.84% to $766.4 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $766.4 million in Q4 2025, $120.9 million in Q2 2025, and $108.2 million in Q1 2025.