Waters Corporation (WAT) — Capital Reinvestment Ratio
Latest as of December 2025:
0.24x
Waters Corporation (WAT) has a Capital Reinvestment Ratio of 0.24x as of December 2025, meaning it reinvests 0% of its operating cash flow ($164.55 Million) in capital expenditures ($38.97 Million). See WAT free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.24x
Capex / Operating Cash Flow
Operating Cash Flow
$164.55 Million
USD
Capital Expenditures
$38.97 Million
USD
Data as of
Dec 2025
Most recent filing
Waters Corporation Capital Reinvestment Ratio (1995–2025)
This chart tracks Waters Corporation's Capital Reinvestment Ratio across 31 annual periods.
Annual Capital Reinvestment Ratio for Waters Corporation (1995–2025)
Year-by-year Capital Reinvestment Ratio for Waters Corporation from 1995 to 2025. For live market cap and broader valuation context, see Waters Corporation stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $652.55 Million | $112.75 Million | ▼ -7.6% |
| 2024 | 0.19x | $762.12 Million | $142.48 Million | ▼ -29.8% |
| 2023 | 0.27x | $602.81 Million | $160.63 Million | ▼ -11.2% |
| 2022 | 0.30x | $611.66 Million | $183.46 Million | ▲ +33.2% |
| 2021 | 0.23x | $747.27 Million | $168.27 Million | ▲ +3.3% |
| 2020 | 0.22x | $790.51 Million | $172.38 Million | ▼ -14.4% |
| 2019 | 0.25x | $643.09 Million | $163.82 Million | ▲ +20.7% |
| 2018 | 0.21x | $604.45 Million | $127.56 Million | ▲ +62.7% |
| 2017 | 0.13x | $697.64 Million | $90.47 Million | ▼ -14.1% |
| 2016 | 0.15x | $629.08 Million | $94.97 Million | ▼ -17.9% |
| 2015 | 0.18x | $560.29 Million | $103.01 Million | ▼ -11.5% |
| 2014 | 0.21x | $511.65 Million | $106.25 Million | ▼ -15.0% |
| 2013 | 0.24x | $484.88 Million | $118.45 Million | ▲ +4.8% |
| 2012 | 0.23x | $449.28 Million | $104.75 Million | ▲ +35.7% |
| 2011 | 0.17x | $497.37 Million | $85.44 Million | ▲ +25.4% |
| 2010 | 0.14x | $457.86 Million | $62.74 Million | ▼ -38.9% |
| 2009 | 0.22x | $418.26 Million | $93.80 Million | ▲ +35.8% |
| 2008 | 0.17x | $418.25 Million | $69.06 Million | ▲ +1.4% |
| 2007 | 0.16x | $370.51 Million | $60.34 Million | ▼ -16.5% |
| 2006 | 0.20x | $263.59 Million | $51.42 Million | ▲ +13.9% |
| 2005 | 0.17x | $298.07 Million | $51.05 Million | ▼ -32.9% |
| 2004 | 0.26x | $259.45 Million | $66.24 Million | ▲ +15.9% |
| 2003 | 0.22x | $157.00 Million | $34.59 Million | ▲ +27.4% |
| 2002 | 0.17x | $219.65 Million | $37.97 Million | ▼ -22.9% |
| 2001 | 0.22x | $189.15 Million | $42.41 Million | ▲ +11.3% |
| 2000 | 0.20x | $175.59 Million | $35.37 Million | ▲ +38.8% |
| 1999 | 0.15x | $150.20 Million | $21.80 Million | ▼ -12.1% |
| 1998 | 0.17x | $110.20 Million | $18.20 Million | ▼ -91.1% |
| 1997 | 1.86x | $96.40 Million | $179.20 Million | ▲ +925.2% |
| 1996 | 0.18x | $55.70 Million | $10.10 Million | ▲ +33.0% |
| 1995 | 0.14x | $46.20 Million | $6.30 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow