Waters Management
Management criteria checks 3/4
Waters' CEO is Udit Batra, appointed in Sep 2020, has a tenure of 5.08 years. total yearly compensation is $11.15M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0.035% of the company’s shares, worth $6.87M. The average tenure of the management team and the board of directors is 4.4 years and 4.5 years respectively.
Key information
Udit Batra
Chief executive officer
US$11.1m
Total compensation
| CEO salary percentage | 9.87% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.04% |
| Management average tenure | 4.4yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
Waters Merger Risks Weakening Its Competitive Moat
Sep 29Risks To Shareholder Returns Are Elevated At These Prices For Waters Corporation (NYSE:WAT)
Sep 19
Are Investors Undervaluing Waters Corporation (NYSE:WAT) By 36%?
Jul 24These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well
Jul 06Waters Corporation's (NYSE:WAT) Shares May Have Run Too Fast Too Soon
May 07Is Waters Corporation (NYSE:WAT) Trading At A 24% Discount?
Apr 19Waters Corporation: Instrument Replacement Cycle Momentum, But Valuation Is A Concern
Feb 21Waters Corporation's (NYSE:WAT) Share Price Could Signal Some Risk
Feb 01Weighing In On Waters Corporation: Facing A Valuation Headwind
Jan 29Should You Investigate Waters Corporation (NYSE:WAT) At US$377?
Dec 27Is Waters (NYSE:WAT) A Risky Investment?
Nov 21Waters Corp: Short Reinvestment Runway Diminishes High Multiples
Nov 13Waters Corp.: Embedded Expectations High Under Present Conditions
Aug 15Waters Corporation: Still Struggling A Bit
May 24Waters Corporation: A Great (Share Price) Run
Mar 11Waters Corporation: High Quality Niche Company In Mass Spectrometry
Dec 28Waters Corporation: Appealing Levels Are Offset By Weaker Performance
Nov 13Waters Corporation: Buybacks Ceased, Incremental Returns Languishing (Rating Downgrade)
Sep 27Waters Corporation: Temporary Headwinds Present A Buying Opportunity
Jul 18Waters Q4 2022 Earnings Preview
Feb 14Waters Corp.: Now Best Price-Positioned Medical Services Stock
Feb 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 28 2025 | n/a | n/a | US$661m |
| Mar 29 2025 | n/a | n/a | US$657m |
| Dec 31 2024 | US$11m | US$1m | US$638m |
| Sep 28 2024 | n/a | n/a | US$623m |
| Jun 29 2024 | n/a | n/a | US$596m |
| Mar 30 2024 | n/a | n/a | US$604m |
| Dec 31 2023 | US$9m | US$1m | US$642m |
| Sep 30 2023 | n/a | n/a | US$653m |
| Jul 01 2023 | n/a | n/a | US$675m |
| Apr 01 2023 | n/a | n/a | US$689m |
| Dec 31 2022 | US$9m | US$1m | US$708m |
| Oct 01 2022 | n/a | n/a | US$697m |
| Jul 02 2022 | n/a | n/a | US$702m |
| Apr 02 2022 | n/a | n/a | US$705m |
| Dec 31 2021 | US$9m | US$1m | US$693m |
| Oct 02 2021 | n/a | n/a | US$695m |
| Jul 03 2021 | n/a | n/a | US$660m |
| Apr 03 2021 | n/a | n/a | US$616m |
| Dec 31 2020 | US$6m | US$285k | US$522m |
Compensation vs Market: Udit's total compensation ($USD11.15M) is about average for companies of similar size in the US market ($USD13.36M).
Compensation vs Earnings: Udit's compensation has increased by more than 20% in the past year.
CEO
Udit Batra (54 yo)
Dr. Udit Batra, PhD, has been the President, Chief Executive Officer and Director at Waters Corporation since September 1, 2020. Dr. Batra served as Chief Executive Officer of Life Science business of Merc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$11.15m | 0.035% $ 6.9m | |
| Senior VP & CFO | 4.4yrs | US$3.16m | 0.0066% $ 1.3m | |
| Senior Vice President of TA Instruments Division & Waters Clinical Business Unit | 4.4yrs | US$2.52m | 0.0083% $ 1.6m | |
| Senior Vice President of Waters Division | 1.3yrs | US$1.95m | 0.00053% $ 103.6k | |
| Senior Vice President of Global Operations | 3.3yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP | 6yrs | US$2.05m | no data | |
| Vice President of Corporate Communications | 6.8yrs | no data | no data | |
| Senior Vice President of Human Resources | 1.8yrs | no data | no data | |
| Senior Vice President of Strategy & Transformation | 4.8yrs | no data | no data | |
| Treasurer | no data | no data | no data |
Experienced Management: WAT's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$11.15m | 0.035% $ 6.9m | |
| Independent Director | 7.1yrs | US$336.16k | 0.0043% $ 844.4k | |
| Independent Director | 19.4yrs | US$328.66k | 0.025% $ 4.9m | |
| Independent Director | 2.6yrs | US$319.66k | 0.0033% $ 647.0k | |
| Independent Director | 2.9yrs | US$316.66k | 0.0071% $ 1.4m | |
| Independent Director | 2.9yrs | US$321.16k | 0.0017% $ 336.2k | |
| Independent Director | 4.8yrs | US$323.66k | 0.0029% $ 561.0k | |
| Independent Chairman | 8.3yrs | US$480.16k | 0.0078% $ 1.5m | |
| Independent Director | 4.3yrs | US$310.66k | 0.0043% $ 838.6k | |
| Independent Director | 1.2yrs | US$128.64k | 0.00076% $ 148.6k |
Experienced Board: WAT's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 08:42 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/28 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Waters Corporation is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Catherine Ramsey Schulte | Baird |
| Luke Sergott | Barclays |
| Charles Butler | Barclays |