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Waters Corporation (WAT), headquartered in Milford, Massachusetts, offers analytical workflow solutions. Valued at $22.5 billion by market cap, the company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems, and support products, including chromatography columns, other consumable products, and post-warranty service plans.
Shares of this global analytical instrumentation leader have underperformed the broader market over the past year. WAT has gained 14.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.6%. However, in 2025, WAT stock is up 2.2%, surpassing SPX’s 1.7% rise on a YTD basis.