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). See working capital position of Waters Corporation to evaluate short-term liquidity relative to the company's equity base.
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 Waters Corporation (WAT) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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 stock market capitalisation.
| 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 | — |