Waters (WAT) Net Income (2009 - 2026)

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

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

Waters (WAT) has reported Net Income for 18 consecutive years, with -$72.0 million the latest figure, recorded in 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 came in at -$72.0 million for Q2 2026 at Waters, down from $225.2 million in the prior quarter.
  • The five-year high for Net Income was $231.4 million in Q4 2024, with the low at -$72.0 million in Q2 2026.
  • Average Net Income over 5 years is $150.5 million, with a median of $150.6 million recorded in 2023.
  • Across the five-year window, Net Income grew 20.03% in 2024 and sank 159.5% in 2026, its largest moves.
  • Year by year, Net Income stood at $227.1 million in 2022, then retreated by 4.78% to $216.2 million in 2023, then gained by 7.03% to $231.4 million in 2024, then retreated by 2.67% to $225.2 million in 2025, then tumbled by 131.97% to -$72.0 million in 2026.
  • According to Business Quant data, Net Income over the past three periods registered -$72.0 million, $225.2 million, and $148.9 million for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -72.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 1.66 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 1.03 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 278.45 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -85.11 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 339.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 269.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 134.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 169.45 Mn
10 Quest Diagnostics 23.76 Bn 23.67 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