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| Date | Value |
|---|---|
| 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 |