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