10x Genomics vs Waters: revenue, profit, margins and growth compared
10x Genomics brought in $642.8M of revenue in fiscal 2025, Waters $3.2B in fiscal 2025. Revenue changed by +5.2% at 10x Genomics and +7.0% at Waters on the year before, so Waters grew faster. 10x Genomics kept -6.8% of its revenue as net profit, Waters 20.3%. Free cash flow was $130.1M at 10x Genomics and $539.8M at Waters.
Fiscal years as each company reports them; the two may end in different months.
Questions about 10x Genomics and Waters
Which is bigger by revenue, 10x Genomics or Waters?
Waters is bigger by revenue: $3.2B in fiscal 2025, against $642.8M for 10x Genomics in fiscal 2025.
Which keeps more of its revenue as profit, 10x Genomics or Waters?
10x Genomics had a net margin of -6.8% in fiscal 2025; Waters had 20.3% in fiscal 2025.
Which grew revenue faster, 10x Genomics or Waters?
In their latest fiscal years revenue changed by +5.2% at 10x Genomics 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.