Waters Corporation Cash Flow Quality Index
Waters Corporation cash flow quality index. Waters Corporation (WAT) has a Cash Flow Quality Index of 0.73x as of December 2025. Operating cash flow of $164.55 Million is below net income of $225.21 Million, suggesting accrual-heavy earnings not yet converted to cash. See WAT financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Waters Corporation (1995–2025)
Cash flow quality index of Waters Corporation from 1995 to 2025. Historical Cash Flow Quality Index for Waters Corporation across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore Waters Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
Waters Corporation Cash Flow Quality Index by Year (1995–2025)
Waters Corporation cash flow quality index by year from 1995 to 2025. Year-by-year earnings quality comparison for Waters Corporation. For the full cash flow conversion analysis, see WAT cash generation efficiency.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.02x | $652.55 Million | $642.63 Million | ▼ -15.0% |
| 2024 | 1.19x | $762.12 Million | $637.83 Million | ▲ +27.3% |
| 2023 | 0.94x | $602.81 Million | $642.23 Million | ▲ +8.6% |
| 2022 | 0.86x | $611.66 Million | $707.75 Million | ▼ -19.9% |
| 2021 | 1.08x | $747.27 Million | $692.84 Million | ▼ -28.8% |
| 2020 | 1.52x | $790.51 Million | $521.57 Million | ▲ +39.6% |
| 2019 | 1.09x | $643.09 Million | $592.20 Million | ▲ +6.7% |
| 2018 | 1.02x | $604.45 Million | $593.79 Million | ▼ -97.0% |
| 2017 | 34.35x | $697.64 Million | $20.31 Million | ▲ +2747.4% |
| 2016 | 1.21x | $629.08 Million | $521.50 Million | ▲ +1.0% |
| 2015 | 1.19x | $560.29 Million | $469.05 Million | ▲ +0.8% |
| 2014 | 1.19x | $511.65 Million | $431.62 Million | ▲ +10.0% |
| 2013 | 1.08x | $484.88 Million | $450.00 Million | ▲ +10.7% |
| 2012 | 0.97x | $449.28 Million | $461.44 Million | ▼ -15.2% |
| 2011 | 1.15x | $497.37 Million | $432.97 Million | ▼ -4.2% |
| 2010 | 1.20x | $457.86 Million | $381.76 Million | ▼ -7.3% |
| 2009 | 1.29x | $418.26 Million | $323.31 Million | ▼ -0.3% |
| 2008 | 1.30x | $418.25 Million | $322.48 Million | ▼ -6.2% |
| 2007 | 1.38x | $370.51 Million | $268.07 Million | ▲ +16.5% |
| 2006 | 1.19x | $263.59 Million | $222.20 Million | ▼ -19.6% |
| 2005 | 1.48x | $298.07 Million | $201.97 Million | ▲ +27.4% |
| 2004 | 1.16x | $259.45 Million | $224.05 Million | ▲ +26.0% |
| 2003 | 0.92x | $157.00 Million | $170.89 Million | ▼ -38.2% |
| 2002 | 1.49x | $219.65 Million | $147.71 Million | ▼ -10.0% |
| 2001 | 1.65x | $189.15 Million | $114.54 Million | ▲ +46.8% |
| 2000 | 1.12x | $175.59 Million | $156.11 Million | ▼ -8.4% |
| 1999 | 1.23x | $150.20 Million | $122.30 Million | ▼ -17.1% |
| 1998 | 1.48x | $110.20 Million | $74.40 Million | ▼ -47.1% |
| 1996 | 2.80x | $55.70 Million | $19.90 Million | ▼ -14.6% |
| 1995 | 3.28x | $46.20 Million | $14.10 Million | — |