Waters (WAT) Research & Development (2009 - 2026)
Waters (WAT) posted quarterly Research & Development of $96.0 million for Q2 2026, up 104.26% year-over-year from $47.0 million in Q2 2025, and up 104.7% on a QoQ basis from $46.9 million in Q4 2025.
Waters (WAT) Research & Development (2009 - 2026) Analysis & Trends
Waters (WAT) has reported Research & Development for 18 consecutive years, with $96.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 104.26% year-over-year to $96.0 million; the TTM figure through Apr 2026 stood at $245.1 million (up 32.17% YoY), while the FY2025 annual figure was $195.7 million, up 6.93% from the prior year.
- Research & Development came in at $96.0 million for Q2 2026 at Waters, up from $46.9 million in the prior quarter.
- The five-year high for Research & Development was $96.0 million in Q2 2026, with the low at $40.5 million in Q1 2022.
- Average Research & Development over 5 years is $48.6 million, with a median of $45.9 million recorded in 2023.
- Across the five-year window, Research & Development dropped 8.06% in 2023 and jumped 104.26% in 2026, its largest moves.
- Year by year, Research & Development stood at $48.3 million in 2022, then dropped by 8.06% to $44.4 million in 2023, then rose by 5.7% to $46.9 million in 2024, then dropped by 0.03% to $46.9 million in 2025, then jumped by 104.7% to $96.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $96.0 million, $46.9 million, and $53.6 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 210.70 Mn |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 126.00 Mn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | - |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 96.00 Mn |
| Dec 31, 2025 | 46.90 Mn |
| Sep 27, 2025 | 53.64 Mn |
| Jun 28, 2025 | 48.55 Mn |
| Mar 29, 2025 | 47.00 Mn |
| Dec 31, 2024 | 46.91 Mn |
| Sep 28, 2024 | 45.34 Mn |
| Jun 29, 2024 | 46.18 Mn |
| Mar 30, 2024 | 44.60 Mn |
| Dec 31, 2023 | 44.39 Mn |
| Sep 30, 2023 | 42.00 Mn |
| Jun 30, 2023 | 45.87 Mn |
| Mar 31, 2023 | 42.69 Mn |
| Dec 31, 2022 | 48.28 Mn |
| Sep 30, 2022 | 43.44 Mn |
| Jun 30, 2022 | 44.01 Mn |
| Mar 31, 2022 | 40.47 Mn |
| Dec 31, 2021 | 43.33 Mn |
| Sep 30, 2021 | 41.99 Mn |
| Jun 30, 2021 | 44.95 Mn |