WATERS CORP /DE/ Earnings Per Share Disclosure
Year Ended December 31, 2025 |
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Net Income |
Weighted-Average Shares |
Per Share |
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(Numerator) |
(Denominator) |
Amount |
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| Net income per basic common share |
$ | 642,629 | 59,509 | $ | 10.80 | |||||||
| Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |
— | 197 | (0.04 | ) | ||||||||
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| Net income per diluted common share |
$ | 642,629 | 59,706 | $ | 10.76 | |||||||
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Year Ended December 31, 2024 |
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Net Income |
Weighted-Average Shares |
Per Share |
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(Numerator) |
(Denominator) |
Amount |
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| Net income per basic common share |
$ | 637,834 | 59,333 | $ | 10.75 | |||||||
| Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |
— | 219 | (0.04 | ) | ||||||||
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| Net income per diluted common share |
$ | 637,834 | 59,552 | $ | 10.71 | |||||||
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Year Ended December 31, 2023 |
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Net Income |
Weighted-Average Shares |
Per Share |
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(Numerator) |
(Denominator) |
Amount |
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| Net income per basic common share |
$ | 642,234 | 59,076 | $ | 10.87 | |||||||
| Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |
— | 194 | (0.03 | ) | ||||||||
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| Net income per diluted common share |
$ | 642,234 | 59,270 | $ | 10.84 | |||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.