For more than 50 years, Waters Corporation has developed innovative analytical science solutions to support customer discoveries, operations, performance, and regulatory compliance. Waters Division creates business advantages for laboratory-dependent organizations by delivering ultra performance liquid chromatography (UPLC), high performance liquid chromatography (HPLC), chromatography columns and chemistry products, mass spectrometry systems, laboratory informatics solutions, and comprehensive service programs to enable significant advancement in healthcare delivery, environmental management, food safety, and water quality. TA Instruments' thermal analysis, rheometry and microcalorimetry solutions are used primarily in predicting the suitability of polymers and viscous liquids for various industrial, consumer goods and health care products.
Company Growth (employees)
Milford, US
Size (employees)
6,900 (est)
Waters was founded in 1958 and is headquartered in Milford, US

Waters Office Locations

Waters has an office in Milford
Milford, US (HQ)
34 Maple St

Waters Data and Metrics

Waters Financial Metrics

Waters's revenue was reported to be $2.2 b in FY, 2016 which is a 6% increase from the previous period.

Revenue (FY, 2016)

2.2 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

1.6 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

521.5 m

EBIT (FY, 2016)

624.3 m

Market capitalization (13-Jul-2017)

14.6 b

Closing share price (13-Jul-2017)


Cash (31-Dec-2016)

505.6 m


15.8 b
Waters's current market capitalization is $14.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


1.9 b2 b2 b2.2 b

Revenue growth, %


Cost of goods sold

526.7 m549.1 m565.6 m595.8 m

Gross profit

1.4 b1.4 b1.5 b1.6 b

Gross profit Margin, %


R&D expense

125.2 m

General and administrative expense

513 m

Operating expense total

1.5 b


517.3 m517.9 m567.5 m624.3 m

EBIT margin, %


Interest expense

30.1 m34.2 m36.2 m44.9 m

Interest income

4.4 m7 m10.7 m20.7 m

Income tax expense

40.1 m59.1 m72.9 m78.6 m

Net Income

450 m431.6 m469.1 m521.5 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016


    440.8 m422.2 m487.7 m505.6 m

    Accounts Receivable

    431 m433.6 m468.3 m489.3 m


    242.8 m246.4 m263.4 m262.7 m

    Current Assets

    2.6 b2.9 b3.2 b3.6 b


    324.9 m321.6 m333.4 m337.1 m


    350.4 m354.8 m356.9 m352.1 m

    Total Assets

    3.6 b3.9 b4.3 b4.7 b

    Accounts Payable

    65 m65.7 m70.6 m67.7 m

    Total Debt

    1.7 b

    Current Liabilities

    487.5 m581.6 m564.1 m520.3 m

    Non-Current Liabilities

    1.3 b1.4 b1.6 b1.8 b

    Total Liabilities

    1.8 b2 b2.2 b2.4 b

    Additional Paid-in Capital

    1.3 b1.4 b1.5 b1.6 b

    Retained Earnings

    4 b4.4 b4.9 b5.4 b

    Total Equity

    1.8 b1.9 b2.1 b2.3 b

    Debt to Equity Ratio

    0.7 x

    Debt to Assets Ratio

    0.4 x

    Financial Leverage

    2 x2 x2.1 x2 x
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    450 m431.6 m469.1 m521.5 m

    Depreciation and Amortization

    79.7 m94.2 m90 m96.4 m

    Accounts Receivable

    (35 m)(29 m)(50 m)(31.7 m)


    (11 m)(16 m)(20 m)(20.1 m)

    Cash From Operating Activities

    484.9 m511.6 m560.3 m629.1 m

    Cash From Investing Activities

    (464.7 m)(402 m)(399.7 m)(487.9 m)

    Cash From Financing Activities

    (64.6 m)(107.2 m)(69.6 m)(101.9 m)

    Interest Paid

    29.6 m34.3 m37.4 m43.6 m

    Income Taxes Paid

    55.9 m61 m51.8 m50 m
    USDY, 2016


    25.3 x


    25.2 x


    314.2 k


    0.7 x


    0.4 x

    Financial Leverage

    2 x

    Waters Market Value History

    Waters Revenue Breakdown

    Waters Median Salaries

    Source: 22 public H-1B filings from Waters

    Waters Online and Social Media Presence

    Waters News and Updates

    Waters Company Life and Culture

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