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"filed 2023-02-27" }, { "fy": 2021, "period_end": "2021-12-31", "sec_frame": "CY2021", "value": 11.17, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312524047491/", "accession": "0001193125-24-047491", "value_reported": 11.17, "split_factor": 1.0, "split_basis": "filed 2024-02-27" }, { "fy": 2022, "period_end": "2022-12-31", "sec_frame": "CY2022", "value": 11.73, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312525034579/", "accession": "0001193125-25-034579", "value_reported": 11.73, "split_factor": 1.0, "split_basis": "filed 2025-02-25" }, { "fy": 2023, "period_end": "2023-12-31", "sec_frame": "CY2023", "value": 10.84, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604", "value_reported": 10.84, "split_factor": 1.0, "split_basis": "filed 2026-02-23" }, { "fy": 2024, "period_end": "2024-12-31", "sec_frame": "CY2024", "value": 10.71, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604", "value_reported": 10.71, "split_factor": 1.0, "split_basis": "filed 2026-02-23" }, { "fy": 2025, "period_end": "2025-12-31", "sec_frame": "CY2025", "value": 10.76, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604", "value_reported": 10.76, "split_factor": 1.0, "split_basis": "filed 2026-02-23" } ], "revenue_by_fy": [ { "fy": 2013, "period_end": "2013-12-31", "sec_frame": "CY2013", "value": 1904218000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312516480594/", "accession": "0001193125-16-480594" }, { "fy": 2014, "period_end": "2014-12-31", "sec_frame": "CY2014", "value": 1989344000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312517056239/", "accession": "0001193125-17-056239" }, { "fy": 2015, "period_end": "2015-12-31", "sec_frame": "CY2015", "value": 2042332000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312518060830/", "accession": "0001193125-18-060830" }, { "fy": 2016, "period_end": "2016-12-31", "sec_frame": "CY2016", "value": 2167423000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312519060858/", "accession": "0001193125-19-060858" }, { "fy": 2017, "period_end": "2017-12-31", "sec_frame": "CY2017", "value": 2309078000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312520048303/", "accession": "0001193125-20-048303" }, { "fy": 2018, "period_end": "2018-12-31", "sec_frame": "CY2018", "value": 2419929000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312521054385/", "accession": "0001193125-21-054385" }, { "fy": 2019, "period_end": "2019-12-31", "sec_frame": "CY2019", "value": 2406596000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312522051509/", "accession": "0001193125-22-051509" }, { "fy": 2020, "period_end": "2020-12-31", "sec_frame": "CY2020", "value": 2365365000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312523050827/", "accession": "0001193125-23-050827" }, { "fy": 2021, "period_end": "2021-12-31", "sec_frame": "CY2021", "value": 2785874000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312524047491/", "accession": "0001193125-24-047491" }, { "fy": 2022, "period_end": "2022-12-31", "sec_frame": "CY2022", "value": 2971956000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312525034579/", "accession": "0001193125-25-034579" }, { "fy": 2023, "period_end": "2023-12-31", "sec_frame": "CY2023", "value": 2956416000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604" }, { "fy": 2024, "period_end": "2024-12-31", "sec_frame": "CY2024", "value": 2958387000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604" }, { "fy": 2025, "period_end": "2025-12-31", "sec_frame": "CY2025", "value": 3165286000.0, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "accession": "0001193125-26-062604" } ], "dividend_years": [], "insider_transactions_recent": [ { "txn_date": "2026-08-06", "insider_name": "KUEBLER CHRISTOPHER A", "role": "director", "code": "S", "shares": 3626.0, "price": 397.94, "value": 1442930.44, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/1000697/000100069726000127/" } ], "links": { "sec_filings": "https://www.sec.gov/edgar/browse/?CIK=0001000697", "sec_xbrl_companyfacts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001000697.json", "sec_form4": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001000697&type=4", "sec_8k": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001000697&type=8-K", "yahoo": "https://finance.yahoo.com/quote/WAT", "stooq": "https://stooq.com/q/d/?s=wat.us", "external_views_link_only": { "morningstar": "https://www.morningstar.com/search?query=WAT", "finviz": "https://finviz.com/quote.ashx?t=WAT", "stockanalysis": "https://stockanalysis.com/stocks/wat/", "seeking_alpha": "https://seekingalpha.com/symbol/WAT", "openinsider": "http://openinsider.com/search?q=WAT", "google_news": "https://news.google.com/rss/search?q=WAT+stock" } }, "machine_readable": { "json": "https://theclaudetrader.com/s/WAT.json", "markdown": "https://theclaudetrader.com/s/WAT.md", "research_packet": "https://theclaudetrader.com/r/WAT.json", "index": "https://theclaudetrader.com/llms.txt" }, "dossier": null, "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.", "disclaimer": "Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.", "fair_value_model": { "fair_value": 193.5, "fv_low": 104.44, "fv_high": 376.6, "fv_gap_pct": -57.3, "fv_verdict": "red", "fv_methods": 3, "fv_as_of": "2026-10-23", "fv_calculated_on": "2026-10-26", "fv_inputs_through": "2026-08-11", "fv_skipped": null, "unit": "per traded unit (share or ADS), same currency as the price", "methods": { "dcf": { "value": 104.43612691334043, "growth_used": 0.059992904419617465, "fcf_avg": 533876333.3333333, "inputs": { "fcf": { "value": 533876333.3333333, "years": [ 2023, 2024, 2025 ], "by_year": [ 442177000.0, 619642000.0, 539810000.0 ], "cfo": [ { "value": 602809000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2023-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" }, { "value": 762123000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2024-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" }, { "value": 652555000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2025-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" } ], "capex": [ { "value": 160632000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2023-12-31", "accession": "0001193125-26-062604", "filed": "2026-02-23", "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" }, { "value": 142481000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2024-12-31", "accession": "0001193125-26-062604", "filed": "2026-02-23", "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" }, { "value": 112745000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2025-12-31", "accession": "0001193125-26-062604", "filed": "2026-02-23", "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" } ] }, "revenue_cagr_5y": { "value": 0.059992904419617465, "from": { "value": 2365365000.0, "tag": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "period_end": "2020-12-31", "accession": "0001193125-23-050827", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312523050827/" }, "to": { "value": 3165286000.0, "tag": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "period_end": "2025-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/" } }, "shares": { "value": 98248111.0, "tag": "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", "period_end": "2026-08-07", "accession": "0001193125-26-344691", "filed": "2026-08-11", "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/R1.htm" } } }, "earnings": { "value": 376.59999999999997, "pe_used": 35.0, "pe_raw": 35.45022661586968, "pe_basis": "SIC 38 peer median excluding itself (38 peers)", "inputs": { "eps": { "fy": 2025, "value": 10.76, "tag": "SEC XBRL EarningsPerShareDiluted", "period_end": "2025-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "value_reported": 10.76, "split_factor": 1.0 } } }, "graham": { "value": 193.50208209575672, "inputs": { "eps": { "fy": 2025, "value": 10.76, "tag": "SEC XBRL EarningsPerShareDiluted", "period_end": "2025-12-31", "accession": "0001193125-26-062604", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/", "value_reported": 10.76, "split_factor": 1.0 }, "bvps": { "value": 154.6594621040602, "equity": { "value": 15195000000.0, "tag": "SEC XBRL StockholdersEquity", "period_end": "2026-07-04", "accession": "0001193125-26-344691", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/" }, "shares": 98248111.0 } } } }, "method_note": "Median of up to three methods from SEC filings: owner-earnings DCF (3-yr avg FCF, 10-yr two-stage, growth = min(5-yr revenue CAGR, 10%) fading to 2.5%, 9% discount), trailing EPS x SIC-peer median P/E (8-35), Graham number. Model estimate, not advice.", "discount_rate": 0.09, "terminal_growth": 0.025, "verdict_rule": "green: fair value more than 10% above price; red: more than 10% below; amber: within 10%", "page": "https://theclaudetrader.com/fair-value" } }