Investor Relations

Corporate Profile

Waters Corporation unlocks the potential of science by providing the tools, technology and insights that enable scientific breakthroughs in labs across the globe.

For the past 60 years, Waters has provided high-value analytical technologies and industry leading scientific expertise, with solutions that serve life, materials, and food sciences. Having pioneered innovations in chromatography, mass spectrometry, and thermal analysis, the company operates a robust business model with instruments, software, service, and other recurring revenues.

With its diverse, global footprint, Waters serves high volume segments in resilient end-markets where routine analysis is often required to meet quality standards and regulatory requirements. This includes:

  • Pharmaceutical development and manufacturing quality
  • Food, water, and environmental testing
  • Materials analysis, including battery characterization and testing for electric vehicles.

In practice, our instruments and software ensure the safety of the medicines we take, the purity of the food and water we consume, and the quality and durability of products we use every day. 

With more than 7,800 employees worldwide, Waters operates in over 35 countries, including 14 manufacturing facilities, and has products available in more than 100 countries.

More about our history >

30.2%

Operating Margin 2021

27%

Five-Year Average ROIC

26%

Five-Year Average FCF as % of Sales

2021 Revenues of $2.8 Billion

Why Waters?

Waters serves large and growing end-markets that are driven by long-term demographic drivers

  1. Patient access to existing and new pharmaceutical therapies, including within biologics and novel modalities such as mRNA
  2. Demand for food safety, clean water, and testing for environmental contaminants such as PFAS
  3. Increased proliferation of batteries within electric vehicles and energy storage applications

Waters' highly innovative instrument portfolio is accompanied by industry-leading chemistry, service and informatics.
Together, these solutions serve the established and evolving needs of our loyal customer-base

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