Waters (WAT) Net Margin (2009 - 2026)

Waters (WAT) posted quarterly Net Margin of 5.68% for Q2 2026, down 2402.0% year-over-year from 0.25% in Q2 2025, and down 123.53% on a QoQ basis from 24.16% in Q4 2025.

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

Waters (WAT) has reported Net Margin for 18 consecutive years, with 5.68% the latest figure, recorded in 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 came in at 5.68% for Q2 2026 at Waters, down from 24.16% in the prior quarter.
  • The five-year high for Net Margin was 26.51% in Q4 2024, with the low at 5.68% in Q2 2026.
  • Average Net Margin over 5 years is 19.99%, with a median of 20.58% recorded in 2023.
  • Across the five-year window, Net Margin soared 291 bps in 2024 and sank 2402 bps in 2026, its largest moves.
  • Year by year, Net Margin stood at 26.45% in 2022, then fell by 0 bps to 26.38% in 2023, then grew by 0 bps to 26.51% in 2024, then retreated by 9 bps to 24.16% in 2025, then sank by 124 bps to 5.68% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 5.68%, 24.16%, and 18.62% for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -5.68%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 15.06%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 17.29%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 24.41%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -12.22%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 18.47%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 3.40%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 12.28%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 17.89%
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn -1.38%

Historic Data

Download Data
DateValue
Apr 4, 2026 -5.68%
Dec 31, 2025 24.16%
Sep 27, 2025 18.62%
Jun 28, 2025 19.07%
Mar 29, 2025 18.34%
Dec 31, 2024 26.51%
Sep 28, 2024 21.82%
Jun 29, 2024 20.15%
Mar 30, 2024 16.05%
Dec 31, 2023 26.38%
Sep 30, 2023 18.91%
Jun 30, 2023 20.33%
Mar 31, 2023 20.58%
Dec 31, 2022 26.45%
Sep 30, 2022 22.02%
Jun 30, 2022 23.08%
Mar 31, 2022 23.14%
Dec 31, 2021 25.85%
Sep 30, 2021 24.45%
Jun 30, 2021 24.54%