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Side-by-side financial comparison of Waters Corporation (WAT) and WEIBO Corp (WB). Click either name above to swap in a different company.

WEIBO Corp is the larger business by last-quarter revenue ($1.3B vs $932.4M, roughly 1.4× Waters Corporation). WEIBO Corp runs the higher net margin — 35.7% vs 24.2%, a 11.5% gap on every dollar of revenue. Over the past eight quarters, WEIBO Corp's revenue compounded faster (22.6% CAGR vs 21.0%).

Waters Corporation is an American company headquartered in Milford, Massachusetts that provides analytical instruments and software used for chromatography, mass spectrometry, laboratory informatics, and rheometry by the life sciences, materials, and food industries.

Weibo Corporation is a Chinese social network company known for the microblogging website Sina Weibo. It is based in Beijing, China.

WAT vs WB — Head-to-Head

Bigger by revenue
WB
WB
1.4× larger
WB
$1.3B
$932.4M
WAT
Higher net margin
WB
WB
11.5% more per $
WB
35.7%
24.2%
WAT
Faster 2-yr revenue CAGR
WB
WB
Annualised
WB
22.6%
21.0%
WAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
WAT
WAT
WB
WB
Revenue
$932.4M
$1.3B
Net Profit
$225.2M
$458.3M
Gross Margin
61.1%
Operating Margin
29.0%
29.1%
Net Margin
24.2%
35.7%
Revenue YoY
6.8%
Net Profit YoY
-2.7%
EPS (diluted)
$3.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
WAT
WAT
WB
WB
Q4 25
$932.4M
Q3 25
$799.9M
$1.3B
Q2 25
$771.3M
$841.7M
Q1 25
$661.7M
$396.9M
Q4 24
$872.7M
Q3 24
$740.3M
$1.3B
Q2 24
$708.5M
$833.4M
Q1 24
$636.8M
$395.5M
Net Profit
WAT
WAT
WB
WB
Q4 25
$225.2M
Q3 25
$148.9M
$458.3M
Q2 25
$147.1M
$234.8M
Q1 25
$121.4M
$108.1M
Q4 24
$231.4M
Q3 24
$161.5M
$297.4M
Q2 24
$142.7M
$164.6M
Q1 24
$102.2M
$51.1M
Gross Margin
WAT
WAT
WB
WB
Q4 25
61.1%
Q3 25
59.0%
Q2 25
58.3%
Q1 25
58.2%
Q4 24
60.1%
Q3 24
59.3%
Q2 24
59.3%
Q1 24
58.9%
Operating Margin
WAT
WAT
WB
WB
Q4 25
29.0%
Q3 25
24.0%
29.1%
Q2 25
24.4%
30.4%
Q1 25
22.9%
27.8%
Q4 24
33.5%
Q3 24
28.5%
29.0%
Q2 24
26.7%
28.2%
Q1 24
21.0%
25.2%
Net Margin
WAT
WAT
WB
WB
Q4 25
24.2%
Q3 25
18.6%
35.7%
Q2 25
19.1%
27.9%
Q1 25
18.3%
27.2%
Q4 24
26.5%
Q3 24
21.8%
22.9%
Q2 24
20.1%
19.8%
Q1 24
16.0%
12.9%
EPS (diluted)
WAT
WAT
WB
WB
Q4 25
$3.76
Q3 25
$2.50
Q2 25
$2.47
Q1 25
$2.03
Q4 24
$3.88
Q3 24
$2.71
Q2 24
$2.40
Q1 24
$1.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
WAT
WAT
WB
WB
Cash + ST InvestmentsLiquidity on hand
$587.8M
$1.1B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.6B
$3.9B
Total Assets
$5.1B
$6.9B
Debt / EquityLower = less leverage
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WAT
WAT
WB
WB
Q4 25
$587.8M
Q3 25
$459.1M
$1.1B
Q2 25
$367.2M
$1.2B
Q1 25
$382.9M
$1.2B
Q4 24
$325.4M
Q3 24
$331.5M
Q2 24
$327.4M
$1.9B
Q1 24
$338.2M
$2.1B
Total Debt
WAT
WAT
WB
WB
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
Q4 24
$1.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
WAT
WAT
WB
WB
Q4 25
$2.6B
Q3 25
$2.3B
$3.9B
Q2 25
$2.2B
$3.6B
Q1 25
$2.0B
$3.5B
Q4 24
$1.8B
Q3 24
$1.6B
Q2 24
$1.4B
$3.4B
Q1 24
$1.3B
$3.3B
Total Assets
WAT
WAT
WB
WB
Q4 25
$5.1B
Q3 25
$4.9B
$6.9B
Q2 25
$4.7B
$6.5B
Q1 25
$4.6B
$6.7B
Q4 24
$4.6B
Q3 24
$4.5B
Q2 24
$4.4B
$7.1B
Q1 24
$4.5B
$7.3B
Debt / Equity
WAT
WAT
WB
WB
Q4 25
0.55×
Q3 25
Q2 25
Q1 25
Q4 24
0.89×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
WAT
WAT
WB
WB
Operating Cash FlowLast quarter
$164.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WAT
WAT
WB
WB
Q4 25
$164.6M
Q3 25
$187.3M
Q2 25
$41.1M
Q1 25
$259.6M
Q4 24
$240.1M
Q3 24
$204.6M
Q2 24
$54.5M
Q1 24
$262.9M
Cash Conversion
WAT
WAT
WB
WB
Q4 25
0.73×
Q3 25
1.26×
Q2 25
0.28×
Q1 25
2.14×
Q4 24
1.04×
Q3 24
1.27×
Q2 24
0.38×
Q1 24
2.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

WAT
WAT

Segment breakdown not available.

WB
WB

Income from operations$373.2M29%
Shares used in computing diluted net income per share attributable to Weibos shareholders$268.1M21%
Shares used in computing basic net income per share attributable to Weibos shareholders$238.6M19%
Value-added services$186.1M14%
Less: Income tax expenses$113.2M9%
Investment related income, net$45.0M4%
Product development$16.7M1%
General and administrative$10.6M1%
Sales and marketing$7.1M1%
Accretion to redeemable non-controlling interests$3.0M0%

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