Waters Corporation Capital Reinvestment Ratio
Waters Corporation capital reinvestment ratio. 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 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Waters Corporation (1995–2025)
Capital reinvestment ratio of Waters Corporation from 1995 to 2025. This chart tracks Waters Corporation's Capital Reinvestment Ratio across 31 annual periods. See Waters Corporation free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Waters Corporation Capital Reinvestment Ratio by Year (1995–2025)
Waters Corporation capital reinvestment ratio by year from 1995 to 2025. For the full cash flow conversion analysis, see WAT cash flow conversion.
| 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 | — |