Edwyn
Over the five-year period, Waters Corporation experienced robust revenue growth early on, with revenues increasing from approximately USD 2,365 million in 2020 to around USD 2,786 million in 2021—a growth of nearly 18%. This upward trend continued into 2022, as revenues reached about USD 2,972 million, albeit at a slower rate of growth (roughly 7% over 2021). However, from 2022 onward, revenue performance stabilized, with revenues slightly decreasing to approximately USD 2,956 million in 2023 before a negligible rebound to about USD 2,958 million in 2024. This indicates that the company has transitioned from a period of accelerated expansion into a more mature phase with modest revenue fluctuations. Gross profit, operating income, and net income followed similar trends. Gross profit grew steadily from approximately USD 1,359 million in 2020 to peak near USD 1,762 million in 2023, before a slight decline in 2024. Operating income showed marked improvement between 2020 (USD 645 million) and 2021 (USD 822 million), representing over 27% growth, before plateauing and then experiencing a modest downturn in 2023. Net income mirrored these trends with significant gains during the initial years—from USD 522 million in 2020 to USD 693 million in 2021 and further to USD 708 million in 2022—followed by a gradual decline to approximately USD 638 million in 2024. Overall, Waters Corporation demonstrates solid financial fundamentals with healthy margins and strong earnings performance, suggesting a resilient business model with sustainable profitability in its competitive industry.
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.