WAT (Waters) Inventories, Work In Process: $202 Mil (As of Mar. 2026)


WAT Waters Corp WAT
92 GF Score
Price $369.18
GF Value $415.96
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Waters Inventories, Work In Process?

Waters WAT +3.35% 92 Inventories, Work In Process is $202 Mil as of Mar. 2026. GuruFocus rates WAT with a GF Score™ of 92/100 and a GF Value™ of $415.96 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Waters's work in process for the quarter that ended in Mar. 2026 was $202 Mil.

Waters Inventories, Work In Process Historical Data

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The historical data trend for Waters's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waters Inventories, Work In Process Chart

Waters Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Work In Process
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.73 19.90 20.20 21.80 28.16

Waters Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Work In Process Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.82 33.31 33.91 28.16 202.00
WAT
92GF Score
Waters Corp WAT
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
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Waters Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of $202 Mil mean?
Waters (WAT) has a Inventories, Work In Process of $202 Mil as of Mar. 2026. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Waters and its competitors.
Is Waters' Inventories, Work In Process too high?
Waters' current Inventories, Work In Process is $202 Mil. Overall, Waters has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waters' Inventories, Work In Process compare to A and NTRA?
Waters' Inventories, Work In Process of $202 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Work In Process for a Medical Diagnostics & Research company?
A good Inventories, Work In Process depends on the Medical Diagnostics & Research industry context. However, Inventories, Work In Process should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Waters and its competitors. Waters's current Inventories, Work In Process is $202 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waters stock overvalued right now?
Based on GuruFocus' analysis, Waters (WAT) is currently considered Modestly Undervalued. The stock's GF Value™ is $415.96, compared to a current price of $369.18 — trading 11.2% below its estimated fair value. The current Inventories, Work In Process is $202 Mil. Waters' overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For Waters (WAT), the current Inventories, Work In Process is $202 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waters (WAT) Overvalued in 2026?

Based on GuruFocus' analysis, Waters stock appears to be undervalued. The current stock price of $369.18 is trading 11.2% below its estimated GF Value™ of $415.96. GuruFocus considers Waters to be Modestly Undervalued.

Key valuation signals for WAT:

  • Inventories, Work In Process: $202 Mil
  • GF Value™: $415.96 vs. price of $369.18 (11.2% below fair value)
  • GF Score™: 92/100 with 7 warning signs

No single metric tells the full story. See the WAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Waters Business Description

Address 34 Maple Street, Milford, MA, USA, 01757
Waters sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. In early 2026, Waters merged with BD's life science and diagnostics business, which increased its concentration in diagnostics (versus none now) and discovery-related life science tools.
92GF Score

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Inventories, Work In Process is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$369.18
Price
$415.96
GF Value