Waters (WAT) Invested Capital (2009 - 2026)

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

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

Waters (WAT) has reported Invested Capital for 18 consecutive years, with $15.3 billion the latest figure, recorded in 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 came in at $15.3 billion for Q2 2026 at Waters, up from $4.0 billion in the prior quarter.
  • The five-year high for Invested Capital was $15.3 billion in Q2 2026, with the low at $905.5 million in Q3 2023.
  • Average Invested Capital over 5 years is $3.3 billion, with a median of $2.1 billion recorded in 2022.
  • Across the five-year window, Invested Capital retreated 1.46% in 2024 and soared 679.41% in 2026, its largest moves.
  • Year by year, Invested Capital stood at $2.1 billion in 2022, then surged by 68.4% to $3.5 billion in 2023, then dropped by 1.46% to $3.5 billion in 2024, then grew by 14.83% to $4.0 billion in 2025, then jumped by 284.99% to $15.3 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $15.3 billion, $4.0 billion, and $2.3 billion for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 15.29 Bn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 94.88 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 71.43 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 2.09 Bn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 1.80 Bn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 2.85 Bn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 9.31 Bn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 2.68 Bn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 25.16 Mn
10 Quest Diagnostics 23.76 Bn 23.67 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