Waters (WAT) Invested Capital (2009 - 2026)

Waters (WAT) recorded quarterly Invested Capital of $15.3 billion in Q2 2026, up 284.99% quarter-over-quarter from $4.0 billion in Q4 2025, and up 679.41% on a YoY basis from $2.0 billion in Q2 2025.

Waters (WAT) Invested Capital (2009 - 2026) Analysis & Trends

Waters' Invested Capital history runs 18 years deep, the most recent figure standing at $15.3 billion for Q2 2026.

  • In Q2 2026, Invested Capital rose 679.41% year-over-year to $15.3 billion; the TTM figure through Apr 2026 stood at $15.3 billion (up 679.41% YoY), while the FY2025 annual figure was $4.0 billion, up 14.83% from the prior year.
  • Invested Capital was $15.3 billion for Q2 2026 at Waters, up from $4.0 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $15.3 billion in Q2 2026 to a low of $905.5 million in Q3 2023.
  • Historically, Invested Capital has averaged $3.3 billion across 5 years, with a median of $2.1 billion in 2022.
  • The sharpest annual moves came in 2024 and 2026: Invested Capital dropped 1.46% in 2024, then soared 679.41% in 2026.
  • A 5-year view of Invested Capital shows it stood at $2.1 billion in 2022, then surged by 68.4% to $3.5 billion in 2023, then retreated by 1.46% to $3.5 billion in 2024, then gained by 14.83% to $4.0 billion in 2025, then jumped by 284.99% to $15.3 billion in 2026.
  • The last three Invested Capital figures came in at $15.3 billion (Q2 2026), $4.0 billion (Q4 2025), and $2.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Waters 30,529.42 Bn 30,528.96 Bn 1.11 Bn 15.29 Bn
2 Thermo Fisher Scientific 183.75 Bn 180.50 Bn 7.74 Bn 94.88 Bn
3 Danaher 133.13 Bn 127.43 Bn 3.59 Bn 71.43 Bn
4 Idexx Laboratories 46.14 Bn 45.94 Bn 722.74 Mn 2.09 Bn
5 Agilent Technologies 38.20 Bn 36.39 Bn 990.00 Mn 2.85 Bn
6 Natera 31.50 Bn 30.40 Bn 696.04 Mn 1.80 Bn
7 Iqvia Holdings 31.34 Bn 29.36 Bn 1.36 Bn 9.31 Bn
8 Illumina 24.51 Bn 23.36 Bn 721.00 Mn 2.68 Bn
9 Mettler Toledo International 23.53 Bn 23.47 Bn 555.82 Mn 25.16 Mn
10 Quest Diagnostics 22.51 Bn 22.42 Bn 942.00 Mn 8.17 Bn

Historic Data

Download Data
DateValue
Apr 4, 2026 15.29 Bn
Dec 31, 2025 3.97 Bn
Sep 27, 2025 2.33 Bn
Jun 28, 2025 2.16 Bn
Mar 29, 2025 1.96 Bn
Dec 31, 2024 3.46 Bn
Sep 28, 2024 1.60 Bn
Jun 29, 2024 1.41 Bn
Mar 30, 2024 1.26 Bn
Dec 31, 2023 3.51 Bn
Sep 30, 2023 905.52 Mn
Dec 31, 2022 2.08 Bn
Dec 31, 2021 1.89 Bn
Dec 31, 2020 1.59 Bn
Sep 26, 2020 -41.58 Mn
Jun 27, 2020 -191.74 Mn
Mar 28, 2020 -338.00 Mn
Dec 31, 2019 1.47 Bn
Sep 28, 2019 1.37 Bn
Jun 29, 2019 1.60 Bn