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 over 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 approximately 8,000 employees worldwide, Waters operates directly in 35 countries, including 14 manufacturing facilities, and with products available in more than 100 countries.
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30.2%
Operating Margin 2022
35%
Five-Year Average ROIC
24%
Five-Year Average FCF as % of Sales
2022 Revenues of $2.97 Billion