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
DateValue
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%