Waters (WAT) EBT Margin (2009 - 2026)
Waters (WAT) posted quarterly EBT Margin of 6.95% for Q2 2026, down 2855.0% year-over-year from 0.25% in Q2 2025, and down 124.51% on a QoQ basis from 28.33% in Q4 2025.
Waters (WAT) EBT Margin (2009 - 2026) Analysis & Trends
Waters (WAT) has reported EBT Margin for 18 consecutive years, with 6.95% the latest figure, recorded in 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 came in at 6.95% for Q2 2026 at Waters, down from 28.33% in the prior quarter.
- The five-year high for EBT Margin was 32.09% in Q4 2022, with the low at 6.95% in Q2 2026.
- Average EBT Margin over 5 years is 23.41%, with a median of 24.34% recorded in 2023.
- Across the five-year window, EBT Margin surged 463 bps in 2024 and plunged 2855 bps in 2026, its largest moves.
- Year by year, EBT Margin stood at 32.09% in 2022, then decreased by 10 bps to 28.99% in 2023, then increased by 9 bps to 31.74% in 2024, then slipped by 11 bps to 28.33% in 2025, then tumbled by 125 bps to 6.95% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 6.95%, 28.33%, and 21.27% for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | -6.95% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 15.76% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 20.75% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 31.16% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | -12.17% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 22.23% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 7.90% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 14.39% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 22.14% |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 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% |