KPIs & Operating Metrics(New)
Growth Metrics

Waters (WAT) EBT Margin (2016 - 2025)

Waters has reported EBT Margin over the past 16 years, most recently at 28.33% for Q4 2025.

  • Quarterly results put EBT Margin at 28.33% for Q4 2025, down 340.0% from a year ago — trailing twelve months through Dec 2025 was 23.85% (down 167.0% YoY), and the annual figure for FY2025 was 23.85%, down 167.0%.
  • EBT Margin for Q4 2025 was 28.33% at Waters, up from 21.27% in the prior quarter.
  • Over the last five years, EBT Margin for WAT hit a ceiling of 32.09% in Q4 2022 and a floor of 18.04% in Q1 2024.
  • Median EBT Margin over the past 5 years was 26.54% (2022), compared with a mean of 26.02%.
  • Biggest five-year swings in EBT Margin: surged 1611bps in 2021 and later crashed -609bps in 2024.
  • Waters' EBT Margin stood at 30.17% in 2021, then increased by 6bps to 32.09% in 2022, then fell by -10bps to 28.99% in 2023, then rose by 9bps to 31.74% in 2024, then dropped by -11bps to 28.33% in 2025.
  • The last three reported values for EBT Margin were 28.33% (Q4 2025), 21.27% (Q3 2025), and 23.04% (Q2 2025) per Business Quant data.