Waters (WAT) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Waters. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Waters’s most recent SEC filings.
Assumptions
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Keep iterating on the Waters forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What is Waters Corporation's primary business model and how does it generate revenue?+
Waters Corporation designs, manufactures, sells, and services analytical instruments, primarily liquid chromatography and mass spectrometry systems. The company operates a "razor and blade" business model, where instrument sales drive highly profitable, recurring revenue from precision chemistry consumables and service contracts.
What are the main segments contributing to Waters Corporation's revenue?+
Waters Corporation's revenue is primarily driven by two operating segments: Waters, which accounts for approximately 89% of revenue from liquid chromatography, mass spectrometry, and consumables, and TA, contributing about 11% from thermal analysis and rheometry. The company serves pharmaceutical, industrial, and academic end markets globally.
What is Waters Corporation's typical capital expenditure as a percentage of revenue?+
Waters Corporation's capital expenditure typically ranges from 3.0% to 4.0% of revenue. Approximately 60% of this is for maintenance, while 40% is allocated to growth initiatives like facility expansions, including precision chemistry manufacturing capacity.
What are the key revenue growth and profitability assumptions used in the Waters Corporation financial model?+
The financial model for Waters Corporation assumes a Revenue Growth rate of approximately 5.28%. Key profitability assumptions include COGS as 9.64% of Revenue, R&D as 5.96% of Revenue, and SGA as 23.03% of Revenue.
How does the Waters Corporation financial model assess equity valuation and credit profile?+
The Waters Corporation financial model is designed to evaluate the company's equity valuation and credit profile. It specifically allows an analyst to assess the accretion and leverage impact of the transformative Reverse Morris Trust merger with Becton Dickinson's Biosciences & Diagnostic Solutions business.
Can I download an Excel financial model for Waters Corporation, and what is its forecast horizon?+
Yes, an Excel financial model for Waters Corporation is available for download. This general corporate model provides a forecast horizon spanning from FY2026 through FY2030.
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