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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 has reported Gross Margin over the past 16 years, most recently at 61.08% for Q4 2025.

  • Quarterly results put Gross Margin at 61.08% for Q4 2025, up 102.0% from a year ago — trailing twelve months through Dec 2025 was 75.08% (down 201.0% YoY), and the annual figure for FY2025 was 59.28%, down 15.0%.
  • Gross Margin for Q4 2025 was 61.08% at Waters, down from 85.35% in the prior quarter.
  • Over the last five years, Gross Margin for WAT hit a ceiling of 85.37% in Q3 2024 and a floor of 56.66% in Q3 2022.
  • Median Gross Margin over the past 5 years was 59.39% (2022), compared with a mean of 66.02%.
  • Biggest five-year swings in Gross Margin: crashed -2496bps in 2021 and later soared 2632bps in 2024.
  • Waters' Gross Margin stood at 58.04% in 2021, then grew by 2bps to 59.44% in 2022, then increased by 3bps to 61.15% in 2023, then fell by -2bps to 60.07% in 2024, then rose by 2bps to 61.08% in 2025.
  • The last three reported values for Gross Margin were 61.08% (Q4 2025), 85.35% (Q3 2025), and 74.01% (Q2 2025) per Business Quant data.