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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Waters (WAT) Operating Margin (2016 - 2026)

Waters has reported Operating Margin over the past 18 years, most recently at 3.71% for Q2 2026.

  • For Q2 2026, Operating Margin fell 2667.0% year-over-year to 3.71%; the TTM value through Apr 2026 reached 16.01%, down 1229.0%, while the annual FY2025 figure was 25.36%, 258.0% down from the prior year.
  • Operating Margin for Q2 2026 was 3.71% at Waters, down from 29.01% in the prior quarter.
  • Over five years, Operating Margin peaked at 33.49% in Q4 2024 and troughed at 3.71% in Q2 2026.
  • A 5-year average of 25.47% and a median of 26.99% in 2023 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: soared 331bps in 2024 and later plummeted -2667bps in 2026.
  • Year by year, Operating Margin stood at 33.35% in 2022, then decreased by -3bps to 32.24% in 2023, then increased by 4bps to 33.49% in 2024, then decreased by -13bps to 29.01% in 2025, then plummeted by -113bps to 3.71% in 2026.
  • Business Quant data shows Operating Margin for WAT at 3.71% in Q2 2026, 29.01% in Q4 2025, and 24.02% in Q3 2025.