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Stocks Comparison

Bruker vs Waters: revenue, profit, margins and growth compared

Bruker brought in $3.4B of revenue in fiscal 2025, Waters $3.2B in fiscal 2025. Revenue changed by +2.1% at Bruker and +7.0% at Waters on the year before, so Waters grew faster. Bruker kept -0.3% of its revenue as net profit, Waters 20.3%. Free cash flow was $43.3M at Bruker and $539.8M at Waters.

Side by side, latest fiscal year

BRKRPWAT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.4B$3.2B
Revenue growth+2.1%+7.0%
Net income-$8.6M$642.6M
Net margin-0.3%20.3%
Free cash flow$43.3M$539.8M
Free cash flow margin1.3%17.1%
Earnings per share (diluted)-$0.15$10.76
Cash$298.8M$588M
Debt$1.9B$1.4B
Price to earningsn/a40.3
Market value$71.7B$42.6B
Dividend yieldn/an/a
Rank by revenue in sector#163 of 451 · Industrials#176 of 451 · Industrials

Over the years

Revenue
BRKRP FY2018: $1.9BBRKRP FY2019: $2.1BBRKRP FY2020: $2BBRKRP FY2021: $2.4BBRKRP FY2022: $2.5BBRKRP FY2023: $3BBRKRP FY2024: $3.4BBRKRP FY2025: $3.4BWAT FY2018: $2.4BWAT FY2019: $2.4BWAT FY2020: $2.4BWAT FY2021: $2.8BWAT FY2022: $3BWAT FY2023: $3BWAT FY2024: $3BWAT FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
BRKRP $3.4BWAT $3.2B
Net income
BRKRP FY2018: $179.7MBRKRP FY2019: $197.2MBRKRP FY2020: $157.8MBRKRP FY2021: $277.1MBRKRP FY2022: $296.6MBRKRP FY2023: $427.2MBRKRP FY2024: $113.1MBRKRP FY2025: -$8.6MWAT FY2018: $593.8MWAT FY2019: $592.2MWAT FY2020: $521.6MWAT FY2021: $692.8MWAT FY2022: $707.8MWAT FY2023: $642.2MWAT FY2024: $637.8MWAT FY2025: $642.6MFY18FY19FY20FY21FY22FY23FY24FY25
BRKRP -$8.6MWAT $642.6M
Net margin
BRKRP FY2018: 9.5%BRKRP FY2019: 9.5%BRKRP FY2020: 7.9%BRKRP FY2021: 11.5%BRKRP FY2022: 11.7%BRKRP FY2023: 14.4%BRKRP FY2024: 3.4%BRKRP FY2025: -0.3%WAT FY2018: 24.5%WAT FY2019: 24.6%WAT FY2020: 22.1%WAT FY2021: 24.9%WAT FY2022: 23.8%WAT FY2023: 21.7%WAT FY2024: 21.6%WAT FY2025: 20.3%FY18FY19FY20FY21FY22FY23FY24FY25
BRKRP -0.3%WAT 20.3%
Revenue growth
BRKRP FY2019: +9.3%BRKRP FY2020: -4.1%BRKRP FY2021: +21.7%BRKRP FY2022: +4.7%BRKRP FY2023: +17.1%BRKRP FY2024: +13.6%BRKRP FY2025: +2.1%WAT FY2019: -0.6%WAT FY2020: -1.7%WAT FY2021: +17.8%WAT FY2022: +6.7%WAT FY2023: -0.5%WAT FY2024: +0.1%WAT FY2025: +7.0%FY19FY20FY21FY22FY23FY24FY25
BRKRP +2.1%WAT +7.0%
Free cash flow
BRKRP FY2018: $190.5MBRKRP FY2019: $140.4MBRKRP FY2020: $235MBRKRP FY2021: $190.4MBRKRP FY2022: $145.2MBRKRP FY2023: $243.2MBRKRP FY2024: $136MBRKRP FY2025: $43.3MWAT FY2023: $442.2MWAT FY2024: $619.6MWAT FY2025: $539.8MFY18FY19FY20FY21FY22FY23FY24FY25
BRKRP $43.3MWAT $539.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Bruker and Waters

Which is bigger by revenue, Bruker or Waters?

Bruker is bigger by revenue: $3.4B in fiscal 2025, against $3.2B for Waters in fiscal 2025.

Which keeps more of its revenue as profit, Bruker or Waters?

Bruker had a net margin of -0.3% in fiscal 2025; Waters had 20.3% in fiscal 2025.

Which grew revenue faster, Bruker or Waters?

In their latest fiscal years revenue changed by +2.1% at Bruker and +7.0% at Waters.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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