Waters (WAT) EBT Margin (2009 - 2026)
Waters (WAT) recorded quarterly EBT Margin of 6.95% in Q2 2026, down 124.51% quarter-over-quarter from 28.33% in Q4 2025, and down 2855.0% on a YoY basis from 0.25% in Q2 2025.
Waters (WAT) EBT Margin (2009 - 2026) Analysis & Trends
Waters' EBT Margin history runs 18 years deep, the most recent figure standing at 6.95% for Q2 2026.
- In Q2 2026, EBT Margin fell 2855.0% year-over-year to 6.95%; the TTM figure through Apr 2026 stood at 13.9% (down 1235.0% YoY), while the FY2025 annual figure was 23.85%, down 167.0% from the prior year.
- EBT Margin was 6.95% for Q2 2026 at Waters, down from 28.33% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 32.09% in Q4 2022 to a low of 6.95% in Q2 2026.
- Historically, EBT Margin has averaged 23.41% across 5 years, with a median of 24.34% in 2023.
- The sharpest annual moves came in 2024 and 2026: EBT Margin surged 463 bps in 2024, then tumbled 2855 bps in 2026.
- A 5-year view of EBT Margin shows it stood at 32.09% in 2022, then declined by 10 bps to 28.99% in 2023, then advanced by 9 bps to 31.74% in 2024, then fell by 11 bps to 28.33% in 2025, then slumped by 125 bps to 6.95% in 2026.
- The last three EBT Margin figures came in at 6.95% (Q2 2026), 28.33% (Q4 2025), and 21.27% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -6.95% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 15.76% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 20.75% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 31.16% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 22.23% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 7.90% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -12.17% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.39% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 22.14% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 11.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | -6.95% |
| Dec 31, 2025 | 28.33% |
| Sep 27, 2025 | 21.27% |
| Jun 28, 2025 | 23.04% |
| Mar 29, 2025 | 21.60% |
| Dec 31, 2024 | 31.74% |
| Sep 28, 2024 | 26.15% |
| Jun 29, 2024 | 23.91% |
| Mar 30, 2024 | 18.04% |
| Dec 31, 2023 | 28.99% |
| Sep 30, 2023 | 21.53% |
| Jun 30, 2023 | 24.34% |
| Mar 31, 2023 | 24.12% |
| Dec 31, 2022 | 32.09% |
| Sep 30, 2022 | 25.88% |
| Jun 30, 2022 | 26.92% |
| Mar 31, 2022 | 27.03% |
| Dec 31, 2021 | 30.17% |
| Sep 30, 2021 | 27.71% |
| Jun 30, 2021 | 28.96% |