Waters CorporationWATNYSE
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R&D Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+3.5%
5Y CAGR+6.8%
Year-over-Year Change

Research and development spending

3Y CAGR
+3.5%/yr
vs +5.3%/yr prior
5Y CAGR
+6.8%/yr
Recent deceleration
Acceleration
-1.8pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.4x
Solid growth
Streak
2 yr
Consecutive growthStrong
PeriodValueYoY Change
2025$195.18M+6.6%
2024$183.03M+4.6%
2023$174.94M-0.7%
2022$176.19M+4.7%
2021$168.36M+19.6%
2020$140.78M-1.5%
2019$142.96M-0.3%
2018$143.40M+8.2%
2017$132.59M+5.9%
2016$125.19M-