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Waters

WAT · NYSE · Laboratory Analytical Instruments
Insider buys (12 months)
$451K
Insider sales (12 months)
$1.4M
8-K reports (12 months)
12
Tracked investors holding
2

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

2021
Revenue $2.79B
Op. $821.7M
2022
Revenue $2.97B
Op. $873.4M
2023
Revenue $2.96B
Op. $817.7M
2024
Revenue $2.96B
Op. $826.4M
2025
Revenue $3.17B
Op. $802.6M
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
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)

Viking Global InvestorsAdded$623.4M · 1.8% · held 2 quarters
National Pension Service (Korea)Unchanged$63.3M · 0.0% · held 7 quarters

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