Waters Corporation Free Cash Flow Generation Index
Waters Corporation 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).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Waters Corporation (1995–2025)
Free cash flow generation index of Waters Corporation from 1995 to 2025. Historical FCF Generation Index trend for Waters Corporation across 31 annual periods. See Waters Corporation (WAT) flexibility index to measure the company's free cash flow as a share of total liabilities.
Waters Corporation Free Cash Flow Generation Index by Year (1995–2025)
Waters Corporation free cash flow generation index by year from 1995 to 2025. Year-by-year Free Cash Flow Generation Index for Waters Corporation. For the full cash flow conversion analysis, see WAT cash generation efficiency.
| 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 | — |