Flagship explainer
How Waters Corporation makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $3.2B | 100% |
| |
| Cost of revenue | $1.3B | 41% |
|
| $1.9B | 59% |
| |
| $803M | 25% |
| |
| Income before tax | $755M | 24% |
|
| Income tax | $112M | 4% |
|
| $643M | 20% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001193125-26-062604