Waters (WAT) revenue breakdown
By product, Product is the largest at 62% of fiscal 2025 revenue; Service grew fastest, 6% a year over 9 years.
By region, United States is the largest at 31% of fiscal 2025 revenue; Asia Other grew fastest, 9% a year over 9 years.
Revenue by product
Fiscal years, as Waters reports them in its 10-K filings; fiscal 2025 total $3.2B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $1.5B | $1.6B | $1.6B | $1.6B | $1.5B | $1.8B | $2.0B | $1.9B | $1.8B | $2.0B | 62% |
| Service | $707M | $757M | $815M | $839M | $868M | $964M | $984M | $1.1B | $1.1B | $1.2B | 38% |
Revenue by region
Fiscal years, as Waters reports them in its 10-K filings; fiscal 2025 total $3.2B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $665M | $669M | $684M | $692M | $678M | $774M | $886M | $928M | $934M | $966M | 31% |
| Europe | $577M | $636M | $662M | $637M | $668M | $785M | $785M | $840M | $873M | $963M | 30% |
| Asia Other | $284M | $308M | $306M | $319M | $315M | $372M | $399M | $567M | $573M | $603M | 19% |
| China | $331M | $387M | $443M | $440M | $404M | $521M | $565M | $441M | $397M | $437M | 14% |
| Americas Other | $142M | $141M | $152M | $138M | $120M | $151M | $169M | $181M | $182M | $196M | 6% |
| Japan | $168M | $167M | $173M | $181M | $180M | $183M | $167M | — | — | — | — |
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Where does Waters make its money?
In fiscal 2025, by product: Product $2.0B, Service $1.2B.
From Waters's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.