Waters Corporation WAT

Revenue Intelligence Report • 70 quarters of SEC filing data • Updated 2026-03-06

Waters Corporation demonstrates strong revenue generation capabilities, with $1 of R&D spending yielding an impressive $13.52 in long-run revenue, while $1 of SG&A spending results in $3.75. The company's latest quarterly revenue of $932 million reflects a solid performance, despite a slight underperformance against model predictions. With a fiscal year forecast projecting $3 billion in revenue, representing a 7.2% year-over-year growth, the outlook remains positive for financial investors. The company's disciplined approach to spending and proven ROI underscores its potential for sustained growth in the competitive market.

Next FY Revenue
$3.39B
+7.2% YoY
R&D Multiplier
$13.52 per $1
SG&A Multiplier
$3.75 per $1
Model Accuracy
2.7% MAPE
Holdout validation: The model predicted $1B vs the actual $1B — an error of 4.4%.

Revenue Forecast

WAT Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $1B $1B $1B – $1B +11.6% ✓ In range
Q1 2026 $1B $1B – $1B +15.5%
Q2 2026 $1B $1B – $1B +2.9%
Q3 2026 $1B $1B – $1B +1.3%
Q4 2026 $1B $1B – $1B +9.9%

How Spending Drives Revenue

WAT Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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