WATERS CORP【WAT】Income statement

Market cap

$23.6B

P/E ratio

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12
Revenue	1,643	1,851	1,844	1,904	1,989	2,042	2,167	2,309	2,420	2,407	2,365	2,786	2,972	2,956	2,958
Revenue growth (%)	-
Cost of revenue	653	730	738	783	825	843	596	623	993	1,011	1,007	1,157	1,248	1,195	1,200
Gross profit	990	1,121	1,106	1,121	1,164	1,200	-	-	-	-	-	-	-	-	-
Gross margin (%)							-	-	-	-	-	-	-	-	-
Research & development	84	92	96	101	108	119	125	133	143	143	141	168	176	175	183
Selling, general & administrative	445	490	477	493	513	496	513	545	537	535	554	627	658	736	690
Operating margin (%)
Operating income	450	529	511	517	518	567	624	662	740	708	645	822	873	818	826
Operating expenses	-	-	-	-	-	-	1,543	1,647	1,680	1,698	1,720	1,964	2,099	2,139	2,132
Income before tax	438	509	488	490	491	542	600	641	682	678	611	806	838	736	755
Pretax margin (%)	26.6	27.5	26.4	25.7	24.7	26.5	27.7	27.8	28.2	28.2	25.8	28.9	28.2	24.9	25.5
Provision for income taxes	56	76	26	40	59	73	79	621	88	86	89	113	130	94	117
Effective tax rate (%)
Net income	-	-	-	-	-	-	-	-	594	592	522	693	708	642	638
Net income margin (%)	-	-	-	-	-	-	-	-
Earnings per share	-	-	-	-	-	5.7	6.46	0.25	7.71	8.76	8.4	11.25	11.8	10.87	10.75
Diluted EPS	-	-	-	-	-	5.65	6.41	0.25	7.65	8.69	8.36	11.17	11.73	10.84	10.71