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WAT Waters Corp

NYSE, CIK 0001000697, fiscal year ends 12/31. Last price 453.67 on 2026-10-23, market value 44.6 billion dollars.

Machine-readable: WAT.json, WAT.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	43	ok	2025-12-31 stale: Revenue	2014–2025	2026-10-23	0 verified, 22 unverified	method
Magic Formula	6	ok	2025-12-31 stale: operating_income_q, debt_incl_current	—	2026-10-23	—	method
Momentum	75	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	ok	2026-10-23	—	—	—	method
Buffett Quality	73 partial, missing 6	partial: 6	2025-12-31 stale: debt_incl_current	2016–2025	2026-10-23	0 verified, 35 unverified	method
Lynch GARP	39	ok	2025-12-31 stale: debt_incl_current	2020–2025	2026-10-23	0 verified, 5 unverified	method
Graham Enterprising	55	ok	2025-12-31 stale: debt_incl_current	2020–2025	2026-10-23	0 verified, 11 unverified	method
Piotroski F-Score	44	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	453.67	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	98,248,111	underlying shares	2026-08-07	SEC cover page 10-Q 0001193125-26-344691 (98,248,111 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm 0001193125-26-344691
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	44,572,220,517	USD	2026-10-23 shares at 2026-08-07	453.67 (price 2026-10-23) / 1 x 98,248,111 (shares at 2026-08-07) = 44,572,220,517

Graham Defensive

43 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	3.17 revenue $B	>= 1	5.0 / 5
2a Current ratio	1.86	>= 2.0	12.9 / 15
2b Long-term debt vs working capital	2.36 LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	0 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025 XBRL check: 0 years agree, 20 unverified	20 of 20	0.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	5.71 -> 10.77 (+89%)	>= +33%	10.0 / 10
6 P/E on 3-year average EPS	42.1	<= 15	0.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 2.93, product 123.6	<= 1.5 or <= 22.5	0.4 / 10

Inputs, 24 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	453.67	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	3165286000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
current_assets	4465000000.0	2026-07-04	SEC XBRL AssetsCurrent 0001193125-26-344691	unverified
current_liabilities	2399000000.0	2026-07-04	SEC XBRL LiabilitiesCurrent 0001193125-26-344691	unverified
lt_debt	4886000000.0	2026-07-04	SEC XBRL LongTermDebtNoncurrent 0001193125-26-344691	unverified
equity	15195000000.0	2026-07-04	SEC XBRL StockholdersEquity 0001193125-26-344691	unverified
Net income FY2016	521503000.0	2016-12-31 history	SEC XBRL ProfitLoss 0001193125-19-060858	unverified
Net income FY2017	20311000.0	2017-12-31 history	SEC XBRL ProfitLoss 0001193125-20-048303	unverified
Net income FY2018	593794000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001193125-21-054385	unverified
Net income FY2019	592198000.0	2019-12-31 history	SEC XBRL ProfitLoss 0001193125-22-051509	unverified
Net income FY2020	521571000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001193125-23-050827	unverified
Net income FY2021	692843000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001193125-26-149657	unverified
Net income FY2022	707755000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-25-034579	unverified
Net income FY2023	642234000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2024	637834000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2025	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Dividend years (Yahoo)	[]	history	Yahoo Finance dividend history	unverified
EPS diluted FY2014	5.07	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-17-056239	unverified
EPS diluted FY2015	5.65	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-18-060830	unverified
EPS diluted FY2016	6.41	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-19-060858	unverified
EPS diluted FY2023	10.84	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-26-062604	unverified
EPS diluted FY2024	10.71	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-26-062604	unverified
EPS diluted FY2025	10.76	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-26-062604	unverified
Shares outstanding	98248111.0	2026-08-07	SEC cover page 10-Q 0001193125-26-344691 (98,248,111 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm 0001193125-26-344691	not cross-checked

Magic Formula

6 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (1,410,000,000) - cash	0.73 % (rank 187)
Return on capital (EBIT/(NWC+PPE)) net working capital 2,066,000,000 used as reported	9.27 % (rank 182)
Combined rank	369

Inputs, 13 numbers with their sources

Input	Value	Period	Source	Check
operating_income	802588000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	not cross-checked
operating_income_q	-47000000.0	2026-04-04 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001193125-26-219487	not cross-checked
operating_income_q	151745000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001193125-26-062604	not cross-checked
operating_income_q	-86000000.0	2026-07-04	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001193125-26-344691	not cross-checked
operating_income_q	188213000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001193125-26-062604	not cross-checked
current_assets	4465000000.0	2026-07-04	SEC XBRL AssetsCurrent 0001193125-26-344691	not cross-checked
current_liabilities	2399000000.0	2026-07-04	SEC XBRL LiabilitiesCurrent 0001193125-26-344691	not cross-checked
cash	539000000.0	2026-07-04	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001193125-26-344691	not cross-checked
ppe_net	1489000000.0	2026-07-04	SEC XBRL PropertyPlantAndEquipmentNet 0001193125-26-344691	not cross-checked
debt_incl_current	1410000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001193125-26-062604	not cross-checked
shares_out	98248111.0	2026-08-07	SEC cover page 10-Q 0001193125-26-344691 (98,248,111 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm 0001193125-26-344691	not cross-checked
Price (close)	453.67	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebt (incl. current maturities)			not cross-checked

Momentum

75 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	18.2 % (percentile 65.1)	32.6 / 50
6 month return	45.8 % (percentile 93.5)	18.7 / 20
Price / 52-week high	0.992	14.9 / 15
Volatility penalty (60d annualised)	25.9 %	8.6 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	453.67	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.32 bp	-5.0 / 0

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Form 4 S KUEBLER CHRISTOPHER A 2026-08-06	1442930.44	2026-08-06	SEC Form 4 (insider transactions data set)	not cross-checked

Buffett Quality

73 of 100. partial: 6. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	101.0% over 7 yrs	>= 15%	25.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+7.8% a year	>= +10%	7.8 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities)	2.2 years	<= 4	15.0 / 15
5 Operating margin, 5-yr average	28.0%	>= 20%	10.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex) needs operating cash flow and capex for at least 4 of the last 5 years	3 years	>= 1.0	None / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	1.2%	>= 7%	0.0 / 15

Inputs, 37 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	453.67	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	593794000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001193125-21-054385	unverified
Equity at FY2018 end	1567258000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001193125-22-051509	unverified
Net income FY2020	521571000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001193125-23-050827	unverified
Equity at FY2020 end	232144000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001193125-24-047491	unverified
Net income FY2021	692843000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001193125-26-149657	unverified
Equity at FY2021 end	367554000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001193125-25-034579	unverified
Net income FY2022	707755000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-25-034579	unverified
Equity at FY2022 end	504488000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001193125-26-062604	unverified
Net income FY2023	642234000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Equity at FY2023 end	1150341000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001193125-26-062604	unverified
Net income FY2024	637834000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Equity at FY2024 end	1829000000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001193125-26-344691	unverified
Net income FY2025	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Equity at FY2025 end	2562000000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001193125-26-344691	unverified
Net income FY2016	521503000.0	2016-12-31 history	SEC XBRL ProfitLoss 0001193125-19-060858	unverified
Net income FY2017	20311000.0	2017-12-31 history	SEC XBRL ProfitLoss 0001193125-20-048303	unverified
Net income FY2018	593794000.0	2018-12-31 history	SEC XBRL ProfitLoss 0001193125-21-054385	unverified
Net income FY2019	592198000.0	2019-12-31 history	SEC XBRL ProfitLoss 0001193125-22-051509	unverified
Net income FY2020	521571000.0	2020-12-31 history	SEC XBRL ProfitLoss 0001193125-23-050827	unverified
Net income FY2021	692843000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001193125-26-149657	unverified
Net income FY2022	707755000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-25-034579	unverified
Net income FY2023	642234000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2024	637834000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2025	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
debt_incl_current	1410000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001193125-26-062604	unverified
Operating income FY2021	821707000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-24-047491	unverified
Revenue FY2021	2785874000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-24-047491	unverified
Operating income FY2022	873395000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-25-034579	unverified
Revenue FY2022	2971956000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-25-034579	unverified
Operating income FY2023	817676000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	unverified
Revenue FY2023	2956416000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
Operating income FY2024	826353000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	unverified
Revenue FY2024	2958387000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
Operating income FY2025	802588000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	unverified
Revenue FY2025	3165286000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
Shares outstanding	98248111.0	2026-08-07	SEC cover page 10-Q 0001193125-26-344691 (98,248,111 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm 0001193125-26-344691	not cross-checked

Lynch GARP

39 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	8.14	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	+5.2% a year	12% to 35% a year	8.6 / 20
3 P/E on latest annual EPS	42.2	<= 25	0.0 / 10
4 Borrowings / equity LongTermDebt (incl. current maturities)	0.09	<= 0.5	15.0 / 15
5 Years of the last 5 in which EPS rose	3 of 5	5 of 5	9.0 / 15
6 Net cash (cash minus borrowings) / market cap	-2.0%	>= +10%	6.6 / 10

Inputs, 6 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	453.67	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	10.76	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-26-062604	unverified
EPS diluted FY2020	8.36	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-23-050827	unverified
debt_incl_current	1410000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001193125-26-062604	unverified
equity	15195000000.0	2026-07-04	SEC XBRL StockholdersEquity 0001193125-26-344691	unverified
cash	539000000.0	2026-07-04	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001193125-26-344691	unverified

Graham Enterprising

55 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	1.86	>= 1.5	15.0 / 15
2 Borrowings vs working capital LongTermDebt (incl. current maturities)	0.68 x	<= 1.1x	15.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	no	yes	0.0 / 10
5 EPS higher than five years earlier	8.36 -> 10.76	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	2.93	<= 1.2	0.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	453.67	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	4465000000.0	2026-07-04	SEC XBRL AssetsCurrent 0001193125-26-344691	unverified
current_liabilities	2399000000.0	2026-07-04	SEC XBRL LiabilitiesCurrent 0001193125-26-344691	unverified
debt_incl_current	1410000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001193125-26-062604	unverified
Net income FY2021	692843000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001193125-26-149657	unverified
Net income FY2022	707755000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-25-034579	unverified
Net income FY2023	642234000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2024	637834000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Net income FY2025	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
Dividend years (Yahoo)	[]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	10.76	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-26-062604	unverified
EPS diluted FY2020	8.36	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001193125-23-050827	unverified
equity	15195000000.0	2026-07-04	SEC XBRL StockholdersEquity 0001193125-26-344691	unverified
Shares outstanding	98248111.0	2026-08-07	SEC cover page 10-Q 0001193125-26-344691 (98,248,111 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm 0001193125-26-344691	not cross-checked

Piotroski F-Score

44 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	12.7%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	653M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	14.0% -> 12.7%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	653M vs 643M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	35.7% -> 18.7%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	2.11 -> 1.73	pass = 1	0.0 / 11.11111111111111
7 No new shares issued (share count did not rise)	60M -> 98M	pass = 1	0.0 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	27.9% -> 25.4%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.65 -> 0.62	pass = 1	0.0 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
total_assets 2025-12-31	5077000000.0	2025-12-31 history	SEC XBRL Assets 0001193125-26-344691	unverified
cfo 2025-12-31	652555000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-062604	unverified
net_income 2025-12-31	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
net_income 2024-12-31	637834000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
total_assets 2025-12-31	5077000000.0	2025-12-31 history	SEC XBRL Assets 0001193125-26-344691	unverified
total_assets 2024-12-31	4553795000.0	2024-12-31 history	SEC XBRL Assets 0001193125-26-062604	unverified
cfo 2025-12-31	652555000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-062604	unverified
net_income 2025-12-31	642629000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-149657) 0001193125-26-062604	unverified
lt_debt 2025-12-31	947000000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001193125-26-344691	unverified
lt_debt 2024-12-31	1626488000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001193125-26-062604	unverified
total_assets 2025-12-31	5077000000.0	2025-12-31 history	SEC XBRL Assets 0001193125-26-344691	unverified
total_assets 2024-12-31	4553795000.0	2024-12-31 history	SEC XBRL Assets 0001193125-26-062604	unverified
current_assets 2025-12-31	2148000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001193125-26-344691	unverified
current_assets 2024-12-31	1669111000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001193125-26-062604	unverified
current_liabilities 2025-12-31	1239000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001193125-26-344691	unverified
current_liabilities 2024-12-31	789758000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001193125-26-062604	unverified
shares_out 2026-08-07	98248111.0	2026-08-07 history	SEC XBRL EntityCommonStockSharesOutstanding 0001193125-26-344691	unverified
shares_out 2025-08-01	59524130.0	2025-08-01 history	SEC XBRL EntityCommonStockSharesOutstanding 0001193125-25-172087	unverified
operating_income 2025-12-31	802588000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	unverified
operating_income 2024-12-31	826353000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001193125-26-062604	unverified
revenue 2025-12-31	3165286000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
revenue 2024-12-31	2958387000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
revenue 2025-12-31	3165286000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
revenue 2024-12-31	2958387000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001193125-26-062604	unverified
total_assets 2025-12-31	5077000000.0	2025-12-31 history	SEC XBRL Assets 0001193125-26-344691	unverified
total_assets 2024-12-31	4553795000.0	2024-12-31 history	SEC XBRL Assets 0001193125-26-062604	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	1,904		5.2	none	0001193125-16-480594
2014	2014-12-31	1,989		5.07	none	0001193125-17-056239
2015	2015-12-31	2,042		5.65	none	0001193125-18-060830
2016	2016-12-31	2,167	522	6.41	none	0001193125-19-060858
2017	2017-12-31	2,309	20	0.25	none	0001193125-20-048303
2018	2018-12-31	2,420	594	7.65	none	0001193125-21-054385
2019	2019-12-31	2,407	592	8.69	none	0001193125-22-051509
2020	2020-12-31	2,365	522	8.36	none	0001193125-23-050827
2021	2021-12-31	2,786	693	11.17	none	0001193125-26-149657
2022	2022-12-31	2,972	708	11.73	none	0001193125-25-034579
2023	2023-12-31	2,956	642	10.84	none	0001193125-26-062604
2024	2024-12-31	2,958	638	10.71	none	0001193125-26-062604
2025	2025-12-31	3,165	643	10.76	none	0001193125-26-062604

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-08-06	Kuebler Christopher A	director	sale	3,626	397.94	1,442,930

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/WAT; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.