Free Cash Flow for Waters Corporation (WAT)
Free Cash Flow for Waters Corporation (WAT): headline value $539.81M · YoY -12.9%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$539.81M
YoY change
-12.9%
5Y CAGR
-2.7%
Peak year (2024)
$619.64M
Latest annual
$539.81M
Free Cash Flow history chart for Waters Corporation (WAT) from 1995 to 2025
Free Cash Flow history table for Waters Corporation (WAT) from 1995 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $539.81M | -12.9% | ||
| 2024 | $619.64M | +40.1% | ||
| 2023 | $442.18M | +3.3% | ||
| 2022 | $428.20M | -26.0% | ||
| 2021 | $579.01M | -6.3% | ||
| 2020 | $618.12M | +29.0% | ||
| 2019 | $479.26M | +0.5% | ||
| 2018 | $476.88M | -21.5% | ||
| 2017 | $607.17M | +13.7% | ||
| 2016 | $534.11M | +16.8% | ||
| 2015 | $457.28M | +12.8% | ||
| 2014 | $405.40M | +10.6% | ||
| 2013 | $366.43M | +6.4% | ||
| 2012 | $344.53M | -16.4% | ||
| 2011 | $411.94M | +4.3% | ||
| 2010 | $395.12M | +21.8% | ||
| 2009 | $324.47M | -7.1% | ||
| 2008 | $349.18M | +12.6% | ||
| 2007 | $310.17M | +46.2% | ||
| 2006 | $212.17M | -14.1% | ||
| 2005 | $247.02M | +27.8% | ||
| 2004 | $193.21M | +57.8% | ||
| 2003 | $122.42M | -32.6% | ||
| 2002 | $181.68M | +23.8% | ||
| 2001 | $146.74M | +4.7% | ||
| 2000 | $140.22M | +9.2% | ||
| 1999 | $128.40M | +39.6% | ||
| 1998 | $92.00M | -211.1% | ||
| 1997 | -$82.80M | -281.6% | ||
| 1996 | $45.60M | +14.3% | ||
| 1995 | $39.90M | — |
Free Cash Flow values are taken from Waters Corporation's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Waters Corporation (WAT) came in at $539.81M – declined 12.9% year-over-year.
Across 2020–2025 (5 years), Waters Corporation free cash flow produced a CAGR of -2.7% – with a net decline across the window.
Waters Corporation free cash flow declined from $619.64M in 2024 to $539.81M in 2025, a 12.9% drawdown.
2024 marks the peak free cash flow at $619.64M, with the historical low of -$82.80M recorded in 1997.
Within Healthcare, Waters Corporation (WAT) ranks 9th among 8 peers we track. The peer median for free cash flow is $14.22B.
Waters Corporation Free Cash Flow by Year
Waters Corporation Free Cash Flow 2025: $539.81M
Waters Corporation free cash flow in 2025 was $539.81M, declined 12.9% below 2024.
Waters Corporation Free Cash Flow 2024: $619.64M
Waters Corporation free cash flow in 2024 was $619.64M, surged 40.1% from 2023. This figure represents the highest annual value in the available history.
Waters Corporation Free Cash Flow 2023: $442.18M
Waters Corporation free cash flow in 2023 was $442.18M, edged up 3.3% from 2022.
Waters Corporation Free Cash Flow 2022: $428.20M
Waters Corporation free cash flow in 2022 was $428.20M, declined 26.0% below 2021.
Waters Corporation Free Cash Flow 2021: $579.01M
Waters Corporation free cash flow in 2021 was $579.01M.
See more financial history for Waters Corporation (WAT).
Sector peers — Free Cash Flow
Companies in the same sector as Waters Corporation, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is Waters Corporation's free cash flow?
Latest reported free cash flow for Waters Corporation (WAT) is $539.81M (period ending December 31, 2025).
How has Waters Corporation free cash flow changed year-over-year?
Waters Corporation (WAT) free cash flow changed -12.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Waters Corporation free cash flow?
Waters Corporation (WAT) free cash flow compound annual growth rate is -2.7% over the most recent 5 years available.
When did Waters Corporation free cash flow hit its highest annual value?
Waters Corporation free cash flow reached its highest annual value of $619.64M in 2024.
What was Waters Corporation free cash flow in 2024?
Waters Corporation (WAT) free cash flow in 2024 was $619.64M.
What was Waters Corporation free cash flow in 2025?
Waters Corporation (WAT) free cash flow in 2025 was $539.81M.
Metrics overview
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