Waters Corporation (WAT) Operating Margin: 17.08%
Is Waters Corporation’s operating margin high or low?
Waters Corporation's operating margin of 17.08% is 40% below its 5-year average of 28.33%, near the low end of its 5-year range (17.08%–29.50%).
As of Thursday, June 18, 2026. 39.16% below its 12-month average of 28.07%.
WAT Operating Margin Chart
WAT Average Operating Margin Chart
WAT Current vs Average Operating Margin Chart
WAT Operating Margin Metrics
OPERATING MARGIN
17.08%
OPERATING MARGIN AVG TTM
28.07%
OPERATING MARGIN AVG 3Y
28.30%
OPERATING MARGIN AVG 5Y
28.33%
OPERATING MARGIN AVG 10Y
28.66%
OPERATING MARGIN AVG 15Y
28.26%
OPERATING MARGIN AVG 20Y
27.35%
CURRENT VS TTM AVG
-39.16%
CURRENT VS 3Y AVG
-39.65%
CURRENT VS 5Y AVG
-39.71%
CURRENT VS 10Y AVG
-40.41%
CURRENT VS 15Y AVG
-39.56%
CURRENT VS 20Y AVG
-37.56%
WAT Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $23.27B | 17.08% | 28.07% | 28.30% | 28.33% |
| BioNTech SE (BNTX)vs › | $23.32B | -51.55% | -35.20% | 5.18% | 14.03% |
| United Therapeutics Corporation (UTHR)vs › | $23.41B | 45.34% | 47.77% | 49.26% | 45.01% |
| Mettler-Toledo International Inc. (MTD)vs › | $22.83B | 28.00% | 28.45% | 28.53% | 27.71% |
| Moderna, Inc. (MRNA)vs › | $24.52B | -153.35% | -140.72% | -73.36% | -52.24% |
| Veeva Systems Inc. (VEEV)vs › | $25.15B | 28.79% | 26.93% | 23.33% | 24.40% |
| Labcorp Holdings Inc. (LH)vs › | $21.28B | 11.03% | 9.61% | 9.32% | 13.00% |
| DexCom, Inc. (DXCM)vs › | $27.49B | 21.45% | 17.22% | 16.09% | 15.13% |
| IQVIA Holdings Inc. (IQV)vs › | $28.48B | 13.86% | 14.15% | 13.50% | 11.74% |
| Biogen Inc. (BIIB)vs › | $29.33B | 15.65% | 22.44% | 23.65% | 25.70% |
Operating Efficiency
Gross Margin
55.0%
Operating Margin
17.1%
Waters Corporation Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Waters Corporation Operating Margin FAQ
- What is the operating margin for Waters Corporation (WAT)?
- The operating margin for WAT stock is 17.08%.
- Is Waters Corporation's operating margin high or low?
- Waters Corporation's operating margin of 17.08% is 40% below its 5-year average of 28.33%, near the low end of its 5-year range (17.08%–29.50%).
- What is the TTM average operating margin for Waters Corporation (WAT)?
- The TTM average operating margin for WAT stock is 28.07%.
- What is the 3Y average operating margin for Waters Corporation (WAT)?
- The 3Y average operating margin for WAT stock is 28.30%.
- What is the 5Y average operating margin for Waters Corporation (WAT)?
- The 5Y average operating margin for WAT stock is 28.33%.
- What is the 10Y average operating margin for Waters Corporation (WAT)?
- The 10Y average operating margin for WAT stock is 28.66%.
- What is the 15Y average operating margin for Waters Corporation (WAT)?
- The 15Y average operating margin for WAT stock is 28.26%.
- What is the 20Y average operating margin for Waters Corporation (WAT)?
- The 20Y average operating margin for WAT stock is 27.35%.
Waters Corporation Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 28.22% |
| 2024-12-31 | 27.93% |
| 2023-12-31 | 27.66% |
| 2022-12-31 | 29.39% |
| 2021-12-31 | 29.50% |
| 2020-12-31 | 27.29% |
| 2019-12-31 | 29.44% |
| 2018-12-31 | 30.57% |
| 2017-12-31 | 28.68% |
| 2016-12-31 | 28.84% |
| 2015-12-31 | 27.78% |
| 2014-12-31 | 26.03% |
| 2013-12-31 | 27.17% |
| 2012-12-31 | 27.74% |
| 2011-12-31 | 28.55% |
| 2010-12-31 | 27.38% |
| 2009-12-31 | 26.33% |
| 2008-12-31 | 24.74% |
| 2007-12-31 | 23.68% |
| 2006-12-31 | 23.05% |
| 2005-12-31 | 24.45% |
| 2004-12-31 | 25.79% |
| 2003-12-31 | 22.87% |
| 2002-12-31 | 22.07% |
| 2001-12-31 | 17.40% |
| 2000-12-31 | 26.52% |
| 1999-12-31 | 25.06% |
| 1998-12-31 | 22.04% |
| 1997-12-31 | 8.08% |
| 1996-12-31 | 17.97% |
About Waters Corporation
Waters Corporation is a global leader in specialized measurement, delivering analytical solutions across Asia, the Americas, and Europe. The company operates through two main divisions: Waters and TA. Under its Waters segment, it engineers, manufactures, sells, and provides support for high and ultra-performance liquid chromatography and mass spectrometry (MS) systems. This includes essential consumables like chromatography columns and comprehensive post-warranty service plans. The TA segment focuses on designing, producing, selling, and servicing instruments for thermal analysis, rheometry, and calorimetry. Additionally, Waters develops and supplies sophisticated software that integrates with both its own instruments and those from other manufacturers. The company's advanced MS technology plays a crucial role in various applications, such as drug discovery and development (including clinical trial assessments), analyzing proteins involved in disease processes, ensuring nutritional safety, and conducting environmental testing. Its thermal analysis, rheometry, and calorimetry instruments are vital for assessing the suitability and stability of a wide range of materials, including fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids. These instruments support diverse sectors like industrial manufacturing, consumer goods, healthcare products, and life science research. Waters' extensive client base spans the life sciences, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental sectors, where its products are instrumental in research and development, quality assurance, and general laboratory operations. Established in 1958, Waters Corporation is headquartered in Milford, Massachusetts.
- Sector
- Healthcare
- Industry
- Medical - Diagnostics & Research
- CEO
- Udit Batra