Waters Corporation (WAT) — Cash Flow Reinvestment Rate
Waters Corporation (WAT) has a Cash Flow Reinvestment Rate of 0.24x as of December 2025, reinvesting $38.97 Million (capex $38.97 Million ) from operating cash flow of $164.55 Million. See Waters Corporation (WAT) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Waters Corporation Cash Flow Reinvestment Rate (1995–2025)
Historical reinvestment intensity for Waters Corporation across 31 annual periods. For the full cash flow conversion analysis, see Waters Corporation (WAT) cash flow conversion.
Annual Cash Flow Reinvestment Rate for Waters Corporation (1995–2025)
Year-by-year capital reinvestment analysis for Waters Corporation. See Waters Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | $112.75 Million | $652.55 Million | $112.75 Million | ▼ -54.0% |
| 2024 | 0.38x | $286.50 Million | $762.12 Million | $142.48 Million | ▼ -86.1% |
| 2023 | 2.70x | $1.63 Billion | $602.81 Million | $160.63 Million | ▲ +466.5% |
| 2022 | 0.48x | $291.42 Million | $611.66 Million | $183.46 Million | ▲ +53.7% |
| 2021 | 0.31x | $231.63 Million | $747.27 Million | $168.27 Million | ▲ +38.1% |
| 2020 | 0.22x | $177.41 Million | $790.51 Million | $172.38 Million | ▼ -86.9% |
| 2019 | 1.72x | $1.11 Billion | $643.09 Million | $163.82 Million | ▼ -46.4% |
| 2018 | 3.21x | $1.94 Billion | $604.45 Million | $127.56 Million | ▲ +317.6% |
| 2017 | 0.77x | $535.75 Million | $697.64 Million | $90.47 Million | ▼ -0.7% |
| 2016 | 0.77x | $486.31 Million | $629.08 Million | $94.97 Million | ▲ +13.6% |
| 2015 | 0.68x | $381.40 Million | $560.29 Million | $103.01 Million | ▼ -7.5% |
| 2014 | 0.74x | $376.58 Million | $511.65 Million | $106.25 Million | ▲ +201.3% |
| 2013 | 0.24x | $118.45 Million | $484.88 Million | $118.45 Million | ▼ -58.6% |
| 2012 | 0.59x | $265.38 Million | $449.28 Million | $104.75 Million | ▼ -14.8% |
| 2011 | 0.69x | $344.88 Million | $497.37 Million | $85.44 Million | ▼ -22.9% |
| 2010 | 0.90x | $411.51 Million | $457.86 Million | $62.74 Million | ▼ -55.3% |
| 2009 | 2.01x | $841.43 Million | $418.26 Million | $93.80 Million | ▲ +1118.3% |
| 2008 | 0.17x | $69.06 Million | $418.25 Million | $69.06 Million | ▲ +1.4% |
| 2007 | 0.16x | $60.34 Million | $370.51 Million | $60.34 Million | ▼ -16.5% |
| 2006 | 0.20x | $51.42 Million | $263.59 Million | $51.42 Million | ▲ +13.9% |
| 2005 | 0.17x | $51.05 Million | $298.07 Million | $51.05 Million | ▼ -32.9% |
| 2004 | 0.26x | $66.24 Million | $259.45 Million | $66.24 Million | ▲ +15.9% |
| 2003 | 0.22x | $34.59 Million | $157.00 Million | $34.59 Million | ▲ +27.4% |
| 2002 | 0.17x | $37.97 Million | $219.65 Million | $37.97 Million | ▼ -22.9% |
| 2001 | 0.22x | $42.41 Million | $189.15 Million | $42.41 Million | ▲ +11.3% |
| 2000 | 0.20x | $35.37 Million | $175.59 Million | $35.37 Million | ▲ +38.8% |
| 1999 | 0.15x | $21.80 Million | $150.20 Million | $21.80 Million | ▼ -12.1% |
| 1998 | 0.17x | $18.20 Million | $110.20 Million | $18.20 Million | ▼ -91.1% |
| 1997 | 1.86x | $179.20 Million | $96.40 Million | $179.20 Million | ▲ +925.2% |
| 1996 | 0.18x | $10.10 Million | $55.70 Million | $10.10 Million | ▲ +33.0% |
| 1995 | 0.14x | $6.30 Million | $46.20 Million | $6.30 Million | — |