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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Waters (WAT) Gross Margin (2016 - 2025)

Waters (WAT) has 17 years of Gross Margin data on record, last reported at 29.01% in Q4 2025.

  • For Q4 2025, Gross Margin changed N/A year-over-year to 29.01%; the TTM value through Dec 2025 reached 73.27%, changed N/A, while the annual FY2025 figure was 59.28%, N/A changed from the prior year.
  • Gross Margin reached 29.01% in Q4 2025 per WAT's latest filing, down from 83.65% in the prior quarter.
  • Across five years, Gross Margin topped out at 83.65% in Q1 2025 and bottomed at 29.01% in Q4 2025.
  • Average Gross Margin over 5 years is 59.49%, with a median of 58.87% recorded in 2021.
  • Peak YoY movement for Gross Margin: plummeted -1599bps in 2021, then surged 1748bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 58.04% in 2021, then rose by 2bps to 59.44% in 2022, then grew by 3bps to 61.15% in 2023, then grew by 24bps to 75.95% in 2024, then tumbled by -62bps to 29.01% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 29.01% in Q4 2025, 83.65% in Q1 2025, and 75.95% in Q1 2024.