Company Snapshot

Investment Thesis

Waters Corporation provides analytical instruments, consumables, and software used in life sciences, food, and materials research. Large installed base plus biopharma demand create recurring revenue streams.

  • LC/MS Leadership: Acquity, Xevo, and Alliance platforms remain industry standards.
  • Recurring Mix: Services, consumables, and informatics drive >55% recurring revenue.
  • Product Revitalization: Next-gen BioAccord and MaxPeak columns expand TAM.

Strategic Mix

Instruments Liquid chromatography and mass spectrometry systems
Chemistry Consumables Columns, sample prep, reagents
Service Service plans, repairs, and validation
Software & Informatics Empower, Waters_connect analytics

Mix mirrors Waters' instruments, chemistry, and service revenue disclosure.

Recent Performance

MTD TBD
QTD TBD
YTD TBD
5Y TBD

Maxim is cueing up returns data for this security. Once the nightly supported.csv job runs, these metrics will auto-populate.

Strategic Insights

Bioprocess Expansion

Biologics and mRNA pipelines require advanced analytics.

Installed Base Digitization

Cloud informatics and remote monitoring deepen stickiness.

Operational Excellence

Product vitality program and supply stabilization lift margins.

Latest Coverage

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