Waters (WAT) Net Income (2009 - 2026)

Waters (WAT) recorded quarterly Net Income of -$72.0 million in Q2 2026, down 131.97% quarter-over-quarter from $225.2 million in Q4 2025, and down 159.5% on a YoY basis from $121.0 million in Q2 2025.

Waters (WAT) Net Income (2009 - 2026) Analysis & Trends

Waters' Net Income history runs 18 years deep, the most recent figure standing at -$72.0 million for Q2 2026.

  • In Q2 2026, Net Income fell 159.5% year-over-year to -$72.0 million; the TTM figure through Apr 2026 stood at $449.2 million (down 31.58% YoY), while the FY2025 annual figure was $642.6 million, up 0.75% from the prior year.
  • Net Income was -$72.0 million for Q2 2026 at Waters, down from $225.2 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $231.4 million in Q4 2024 to a low of -$72.0 million in Q2 2026.
  • Historically, Net Income has averaged $150.5 million across 5 years, with a median of $150.6 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: Net Income gained 20.03% in 2024, then plunged 159.5% in 2026.
  • A 5-year view of Net Income shows it stood at $227.1 million in 2022, then dropped by 4.78% to $216.2 million in 2023, then grew by 7.03% to $231.4 million in 2024, then dropped by 2.67% to $225.2 million in 2025, then slumped by 131.97% to -$72.0 million in 2026.
  • The last three Net Income figures came in at -$72.0 million (Q2 2026), $225.2 million (Q4 2025), and $148.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn -72.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 1.66 Bn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 1.03 Bn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 278.45 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 339.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 269.00 Mn
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -85.11 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 134.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 169.45 Mn
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 260.00 Mn

Historic Data

Download Data
DateValue
Apr 4, 2026 -72.00 Mn
Dec 31, 2025 225.21 Mn
Sep 27, 2025 148.92 Mn
Jun 28, 2025 147.11 Mn
Mar 29, 2025 121.00 Mn
Dec 31, 2024 231.40 Mn
Sep 28, 2024 161.50 Mn
Jun 29, 2024 142.74 Mn
Mar 30, 2024 102.20 Mn
Dec 31, 2023 216.21 Mn
Sep 30, 2023 134.55 Mn
Jun 30, 2023 150.55 Mn
Mar 31, 2023 140.92 Mn
Dec 31, 2022 227.06 Mn
Sep 30, 2022 156.00 Mn
Jun 30, 2022 164.86 Mn
Mar 31, 2022 159.83 Mn
Dec 31, 2021 216.24 Mn
Sep 30, 2021 161.19 Mn
Jun 30, 2021 167.29 Mn