Ticker League

FCF Margin for Waters Corporation (WAT)

As of · Reported

Metric

TTM

7.0%

YoY change

−3.89pp

Trough year (1997)

-17.8%

Peak year (2017)

26.3%

FCF Margin history chart for Waters Corporation (WAT) from 1995 to 2025

Latest: 17.1%

FCF Margin change chart for Waters Corporation (WAT) from 1995 to 2025

Latest: −3.89pp

FCF Margin history table for Waters Corporation (WAT) from 1995 to 2025

  • 202517.1%-3.89pp
  • 202420.9%+5.99pp
  • 202315.0%+0.55pp
  • 202214.4%-6.38pp
  • 202120.8%-5.35pp
  • 202026.1%+6.22pp
  • 201919.9%+0.21pp
  • 201819.7%-6.59pp
  • 201726.3%+1.65pp
  • 201624.6%+2.25pp
  • 201522.4%+2.01pp
  • 201420.4%+1.14pp
  • 201319.2%+0.56pp
  • 201218.7%-3.57pp
  • 201122.3%-1.79pp
  • 201024.0%+2.39pp
  • 200921.6%-0.52pp
  • 200822.2%+1.11pp
  • 200721.1%+4.48pp
  • 200616.6%-4.75pp
  • 200521.3%+3.83pp
  • 200417.5%+4.72pp
  • 200312.8%-7.64pp
  • 200220.4%+3.34pp
  • 200117.1%-0.56pp
  • 200017.6%-0.59pp
  • 199918.2%+3.36pp
  • 199814.9%+32.65pp
  • 1997-17.8%-29.45pp
  • 199611.7%-0.32pp
  • 199512.0%—

FCF Margin values are taken from Waters Corporation's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Waters Corporation (WAT)

According to Waters Corporation's latest reported financial statements, the company's latest reported free cash flow margin is 7.0%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual free cash flow margin for Waters Corporation (WAT) came in at 17.05% – contracted 3.9 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 26.29% in 2017 and its low of -17.79% in 1997.

Waters Corporation FCF Margin by Year

Waters Corporation FCF Margin 2025: 17.1%

2025's free cash flow margin for Waters Corporation came in at 17.05%, contracted 3.9 percentage points from 2024.

Waters Corporation FCF Margin 2024: 20.9%

Waters Corporation posted free cash flow margin of 20.95% in 2024, expanded 6.0 percentage points from 2023.

Waters Corporation FCF Margin 2023: 15.0%

In 2023, Waters Corporation reported free cash flow margin of 14.96%, expanded 0.5 percentage points from 2022.

Waters Corporation FCF Margin 2022: 14.4%

Waters Corporation free cash flow margin in 2022 was 14.41%, contracted 6.4 percentage points from 2021.

Waters Corporation FCF Margin 2021: 20.8%

Waters Corporation free cash flow margin in 2021 was 20.78%.

See more financial history for Waters Corporation (WAT).

Sector peers by FCF Margin

Healthcare peers of Waters Corporation (WAT), ranked by their latest free cash flow margin

Frequently asked questions

Waters Corporation (WAT) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview