Waters
At a glance
Waters reported 2025 revenue of $3.17B, up 7% from $2.96B in 2024. Over 4 years since 2021 ($2.79B), that is growth of about 3.2% a year. Operating margin was 25.4%, down from 29.5% in 2021. 2025 was the highest revenue year in this period.
In the last 12 months 3 insiders reported 2 open-market purchases ($451K) and 1 sale ($1.4M). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $1.4M by Director Christopher A Kuebler on Aug 7, 2026. Net, insiders were sellers of $992K.
Waters filed 12 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), officer or director change (2), shareholder vote results (2) and material agreement (2). The latest officer or director change was reported on Aug 21, 2026. It reported a material agreement or a completed acquisition or disposal 2 times.
2 of the 20 investors tracked here held Waters at the last quarter end, worth $686.7M combined. It is the largest weight for Viking Global Investors (1.8% of its portfolio), followed by National Pension Service (Korea) (0%). Added: Viking Global Investors.
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | $692.8M | $707.8M | $642.2M | $637.8M | $642.6M |
| Diluted EPS | $11.17 | $11.73 | $10.84 | $10.71 | $10.76 |
Fiscal year ends Dec 31 · incorporated in DE
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined