Waters Corporation (WAT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Waters Corporation (WAT) has a cash flow conversion efficiency ratio of 0.064x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($164.55 Million) by net assets ($2.56 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Waters Corporation - Cash Flow Conversion Efficiency Trend (1995–2025)
This chart illustrates how Waters Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Waters Corporation total liabilities for a breakdown of total debt and financial obligations.
Waters Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Waters Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Honda Motor Co Ltd ADR
NYSE:HMC
|
0.024x |
|
Transurban Group
AU:TCL
|
0.124x |
|
SUMITOMO CORP. SP. ADR 1
F:SUMB
|
N/A |
|
FUJITSU LTD. ADR 5/1
F:FUJA
|
N/A |
|
Cez A.S.
PR:CEZ
|
0.072x |
|
Bank of Communications Co. Ltd
F:C4C
|
0.001x |
|
Power Grid Corporation of India Limited
NSE:POWERGRID
|
0.150x |
|
Halliburton Company
NYSE:HAL
|
0.111x |
Annual Cash Flow Conversion Efficiency for Waters Corporation (1995–2025)
The table below shows the annual cash flow conversion efficiency of Waters Corporation from 1995 to 2025. For the full company profile with market capitalisation and key ratios, see Waters Corporation (WAT) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $2.56 Billion | $652.55 Million | 0.255x | -38.87% |
| 2024-12-31 | $1.83 Billion | $762.12 Million | 0.417x | -20.46% |
| 2023-12-31 | $1.15 Billion | $602.81 Million | 0.524x | -56.78% |
| 2022-12-31 | $504.49 Million | $611.66 Million | 1.212x | -40.36% |
| 2021-12-31 | $367.55 Million | $747.27 Million | 2.033x | -40.30% |
| 2020-12-31 | $232.14 Million | $790.51 Million | 3.405x | +214.52% |
| 2019-12-31 | $-216.28 Million | $643.09 Million | -2.973x | -870.96% |
| 2018-12-31 | $1.57 Billion | $604.45 Million | 0.386x | +23.49% |
| 2017-12-31 | $2.23 Billion | $697.64 Million | 0.312x | +14.28% |
| 2016-12-31 | $2.30 Billion | $629.08 Million | 0.273x | +0.42% |
| 2015-12-31 | $2.06 Billion | $560.29 Million | 0.272x | +0.77% |
| 2014-12-31 | $1.89 Billion | $511.65 Million | 0.270x | -1.80% |
| 2013-12-31 | $1.76 Billion | $484.88 Million | 0.275x | -10.18% |
| 2012-12-31 | $1.47 Billion | $449.28 Million | 0.306x | -24.49% |
| 2011-12-31 | $1.23 Billion | $497.37 Million | 0.405x | -5.34% |
| 2010-12-31 | $1.07 Billion | $457.86 Million | 0.428x | -13.05% |
| 2009-12-31 | $848.95 Million | $418.26 Million | 0.493x | -22.14% |
| 2008-12-31 | $661.00 Million | $418.25 Million | 0.633x | +0.09% |
| 2007-12-31 | $586.08 Million | $370.51 Million | 0.632x | -13.09% |
| 2006-12-31 | $362.38 Million | $263.59 Million | 0.727x | -30.78% |
| 2005-12-31 | $283.63 Million | $298.07 Million | 1.051x | +174.90% |
| 2004-12-31 | $678.69 Million | $259.45 Million | 0.382x | +43.77% |
| 2003-12-31 | $590.48 Million | $157.00 Million | 0.266x | -19.46% |
| 2002-12-31 | $665.31 Million | $219.65 Million | 0.330x | +1.54% |
| 2001-12-31 | $581.75 Million | $189.15 Million | 0.325x | -16.34% |
| 2000-12-31 | $451.78 Million | $175.59 Million | 0.389x | -24.39% |
| 1999-12-31 | $292.20 Million | $150.20 Million | 0.514x | -25.74% |
| 1998-12-31 | $159.20 Million | $110.20 Million | 0.692x | -49.45% |
| 1997-12-31 | $70.40 Million | $96.40 Million | 1.369x | +59.79% |
| 1996-12-31 | $65.00 Million | $55.70 Million | 0.857x | +19.26% |
| 1995-12-31 | $64.30 Million | $46.20 Million | 0.719x | -- |
About Waters Corporation
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, and other consumable products. It designs, manufactures, sells, and se… Read more