# Who are Waters Corporation's customers? Who does Waters Corporation earn revenue from?
Canonical: https://valuechain.wiki/waters · Facet: customers · Updated: 2026-09-12T00:47:57.680597+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Waters Corporation discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 1 dated sources, 1 of them primary filings (as of 2026-09-12).

### 제약·바이오 고객군 (high)
- metric: Revenue share 59% · FY2025 · Pharmaceutical accounts as a share of Waters FY2025 net sales
- note: Multinational pharmaceutical companies, generic-drug manufacturers, contract research organizations, and biotechnology companies are Waters' largest customer group. These accounts generated 59% of FY2025 net sales, while no individual customer exceeded 2%.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-23) https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/d778470d10k.htm: "59% of the Company's net sales were to pharmaceutical accounts."

### 기타 산업 고객군 (high)
- metric: Revenue share 30% · FY2025 · Other industrial accounts as a share of Waters FY2025 net sales
- note: Chemical and polymer manufacturers, food and beverage companies, and environmental testing laboratories form Waters' second-largest customer group. These accounts generated 30% of FY2025 net sales.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-23) https://www.sec.gov/Archives/edgar/data/1000697/000119312526062604/d778470d10k.htm: "30% to other industrial accounts."

Reverse side: https://valuechain.wiki/waters/suppliers.md · Ripple: https://valuechain.wiki/waters/ripple.md

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Full node: https://valuechain.wiki/waters.md · JSON: https://valuechain.wiki/waters.json