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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 - 2025)

Waters (WAT) has 17 years of Operating Margin data on record, last reported at 25.06% in Q4 2025.

  • For Q4 2025, Operating Margin changed N/A year-over-year to 25.06%; the TTM value through Dec 2025 reached 29.49%, changed N/A, while the annual FY2025 figure was 8.55%, N/A changed from the prior year.
  • Operating Margin reached 25.06% in Q4 2025 per WAT's latest filing, up from 22.93% in the prior quarter.
  • Across five years, Operating Margin topped out at 33.35% in Q4 2022 and bottomed at 21.02% in Q1 2024.
  • Average Operating Margin over 5 years is 27.48%, with a median of 27.52% recorded in 2022.
  • Peak YoY movement for Operating Margin: surged 148016bps in 2021, then plummeted -442bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 31.35% in 2021, then increased by 6bps to 33.35% in 2022, then fell by -3bps to 32.24% in 2023, then dropped by -17bps to 26.69% in 2024, then fell by -6bps to 25.06% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 25.06% in Q4 2025, 22.93% in Q1 2025, and 26.69% in Q2 2024.