Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,365 | $2,786 | $2,972 | $2,956 | $2,958 |
| Gross Profit | $1,359 | $1,629 | $1,724 | $1,761 | $1,758 |
| Operating Income | $645 | $822 | $873 | $818 | $826 |
| Net Income | $522 | $693 | $708 | $642 | $638 |
Over the five-year period, Waters Corporation’s income statement data indicates a solid yet somewhat fluctuating financial performance. Revenues grew from USD 2,365 million in 2020 to a peak of about USD 2,972 million in 2022, representing a moderate annual expansion, though growth moderated considerably, with revenues stabilizing around USD 2,956–2,958 million in 2023 and 2024. Gross profit followed a similar trend, increasing steadily from USD 1,359 million in 2020 to approximately USD 1,761 million in 2023 before a slight decline in 2024 to USD 1,758 million. Operating income peaked at USD 873 million in 2022 before retreating to around USD 817–826 million in the two subsequent years. Net income, too, saw its highest value in 2022 at roughly USD 708 million but subsequently fell to around USD 642–638 million in 2023 and 2024. Overall, while Waters Corporation exhibited consistent revenue growth between 2020 and 2022—with a notable uplift post-2020 likely benefiting from market recovery—the modest downturn in operating and net income in 2023 and 2024 suggests rising costs or competitive pressures impacting profitability margins. Despite the absence of any drastic year-over-year swings exceeding 20%, the tapering revenue growth and slight decline in profit margins may indicate market saturation or evolving operational challenges in the specialized analytical instruments industry. In context, such trends are not uncommon in the scientific instruments sector, where innovation cycles and competitive dynamics often temper sustained growth. Nevertheless, Waters Corporation’s overall financial health appears stable, supported by solid revenue and maintained profitability, indicative of a sustainable business model within a mature market segment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.