Waters Corporation (WAT) — Free Cash Flow Generation Index
Waters Corporation (WAT) has a Free Cash Flow Generation Index of 0.76x as of December 2025. Free cash flow of $125.58 Million represents 1% of operating cash flow ($164.55 Million). Read Waters Corporation (WAT) financial obligations for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Waters Corporation Free Cash Flow Generation Index (1995–2025)
Historical FCF Generation Index trend for Waters Corporation across 31 annual periods. Explore capital reinvestment ratio of Waters Corporation to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Waters Corporation (1995–2025)
Year-by-year Free Cash Flow Generation Index for Waters Corporation. For the full company profile including market capitalisation, see WAT company net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.83x | $539.81 Million | $652.55 Million | $112.75 Million | ▲ +1.7% |
| 2024 | 0.81x | $619.64 Million | $762.12 Million | $142.48 Million | ▲ +10.8% |
| 2023 | 0.73x | $442.18 Million | $602.81 Million | $160.63 Million | ▲ +4.8% |
| 2022 | 0.70x | $428.20 Million | $611.66 Million | $183.46 Million | ▼ -9.6% |
| 2021 | 0.77x | $579.01 Million | $747.27 Million | $168.27 Million | ▼ -0.9% |
| 2020 | 0.78x | $618.12 Million | $790.51 Million | $172.38 Million | ▲ +4.9% |
| 2019 | 0.75x | $479.26 Million | $643.09 Million | $163.82 Million | ▼ -5.5% |
| 2018 | 0.79x | $476.88 Million | $604.45 Million | $127.56 Million | ▼ -9.3% |
| 2017 | 0.87x | $607.17 Million | $697.64 Million | $90.47 Million | ▲ +2.5% |
| 2016 | 0.85x | $534.11 Million | $629.08 Million | $94.97 Million | ▲ +4.0% |
| 2015 | 0.82x | $457.28 Million | $560.29 Million | $103.01 Million | ▲ +3.0% |
| 2014 | 0.79x | $405.40 Million | $511.65 Million | $106.25 Million | ▲ +4.8% |
| 2013 | 0.76x | $366.43 Million | $484.88 Million | $118.45 Million | ▼ -1.5% |
| 2012 | 0.77x | $344.53 Million | $449.28 Million | $104.75 Million | ▼ -7.4% |
| 2011 | 0.83x | $411.94 Million | $497.37 Million | $85.44 Million | ▼ -4.0% |
| 2010 | 0.86x | $395.12 Million | $457.86 Million | $62.74 Million | ▲ +11.2% |
| 2009 | 0.78x | $324.47 Million | $418.26 Million | $93.80 Million | ▼ -7.1% |
| 2008 | 0.83x | $349.18 Million | $418.25 Million | $69.06 Million | ▼ -0.3% |
| 2007 | 0.84x | $310.17 Million | $370.51 Million | $60.34 Million | ▲ +4.0% |
| 2006 | 0.80x | $212.17 Million | $263.59 Million | $51.42 Million | ▼ -2.9% |
| 2005 | 0.83x | $247.02 Million | $298.07 Million | $51.05 Million | ▲ +11.3% |
| 2004 | 0.74x | $193.21 Million | $259.45 Million | $66.24 Million | ▼ -4.5% |
| 2003 | 0.78x | $122.42 Million | $157.00 Million | $34.59 Million | ▼ -5.7% |
| 2002 | 0.83x | $181.68 Million | $219.65 Million | $37.97 Million | ▲ +6.6% |
| 2001 | 0.78x | $146.74 Million | $189.15 Million | $42.41 Million | ▼ -2.9% |
| 2000 | 0.80x | $140.22 Million | $175.59 Million | $35.37 Million | ▼ -6.6% |
| 1999 | 0.85x | $128.40 Million | $150.20 Million | $21.80 Million | ▲ +2.4% |
| 1998 | 0.83x | $92.00 Million | $110.20 Million | $18.20 Million | ▲ +197.2% |
| 1997 | -0.86x | $-82.80 Million | $96.40 Million | $179.20 Million | ▼ -204.9% |
| 1996 | 0.82x | $45.60 Million | $55.70 Million | $10.10 Million | ▼ -5.2% |
| 1995 | 0.86x | $39.90 Million | $46.20 Million | $6.30 Million | — |