Waters Corporation WAT NYSE

Waters Corporation (WAT) has shown moderate revenue growth over the past 3 years, expanding from $3.0B to $3.2B (average +2.2%/yr). Net income reached $643M, reflecting earnings decline at -3.1%/yr on average. The net profit margin is 20.3%, which is high. The company has maintained profitability in all 4 of the past 4 years, demonstrating a consistent earnings track record. The gross margin is 57.8% (high), with a -0.2pp trend over the period. With a $20B market cap and MOAT composite score of 76/100, the company has a strong competitive position.

Criteria proven by this page:

• GROWTH (30/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (100/100, Pass) — proving consistent earnings. Looking at the full 31-year history, the company was profitable in 29 of 31 years — an excellent long-term track record
• INCOME (85/100, Pass) — proves strong profitability and pricing power
• MOAT (76/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 67/100 with 4/7 criteria passed.