Waters (WAT) Net Margin (2009 - 2026)

Waters' Net Margin history runs 18 years deep, the most recent figure standing at 5.68% for Q2 2026.

• In Q2 2026, Net Margin fell 2402.0% year-over-year to 5.68%; the TTM figure through Apr 2026 stood at 11.91% (down 1011.0% YoY), while the FY2025 annual figure was 20.3%, down 126.0% from the prior year.
• Net Margin was 5.68% for Q2 2026 at Waters, down from 24.16% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 26.51% in Q4 2024 to a low of 5.68% in Q2 2026.
• Historically, Net Margin has averaged 19.99% across 5 years, with a median of 20.58% in 2023.
• The sharpest annual moves came in 2024 and 2026: Net Margin soared 291 bps in 2024, then plunged 2402 bps in 2026.
• A 5-year view of Net Margin shows it stood at 26.45% in 2022, then slipped by 0 bps to 26.38% in 2023, then gained by 0 bps to 26.51% in 2024, then dropped by 9 bps to 24.16% in 2025, then plunged by 124 bps to 5.68% in 2026.
• The last three Net Margin figures came in at 5.68% (Q2 2026), 24.16% (Q4 2025), and 18.62% (Q3 2025), per Business Quant data.