Waters Corporation (WAT)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	637,834	642,234	707,755	692,843	521,571
Revenue	US$ in thousands	2,922,900	2,842,300	2,892,160	2,735,940	2,309,300
Net profit margin		21.82%	22.60%	24.47%	25.32%	22.59%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $637,834K ÷ $2,922,900K
= 21.82%

The net profit margin of Waters Corporation has demonstrated some fluctuations over the past five years. It stood at 22.59% as of December 31, 2020, showing some improvement to 25.32% by December 31, 2021. However, there was a slight decline to 24.47% by the end of 2022. The trend continued with a decrease to 22.60% as of December 31, 2023, and further dropped to 21.82% by December 31, 2024. These fluctuations suggest that Waters Corporation has experienced some variability in its ability to generate net profit from its revenue over the analyzed period. Further investigation into the underlying factors influencing these changes would be necessary to assess the overall financial health and performance of the company.