Waters annual free cash flow
2014
2015
2017
2022
2023
2024
2025
Waters Free Cash Flow (FCF) History (WAT)
Waters reported $539.8M in free cash flow for fiscal 2025, a decrease of 12.88% from the previous fiscal year, with a free cash flow margin of 17.05%.
View full Waters company overviewWaters free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $539.8M | −$79.8M | −12.88% | +17.05% |
| 2024 | 2024-12-31 | $619.6M | $177.5M | +40.13% | +20.95% |
| 2023 | 2023-12-31 | $442.2M | $14.0M | +3.26% | +14.96% |
| 2022 | 2022-12-31 | $428.2M | — | — | +14.41% |
| 2017 | 2017-12-31 | $692.6M | — | — | +30.00% |
| 2015 | 2015-12-31 | $570.2M | $73.7M | +14.85% | +27.92% |
| 2014 | 2014-12-31 | $496.5M | — | — | +24.96% |
Waters quarterly free cash flow
Q3.17
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-07-04 | $153.0M | $135.0M | +750.00% | +9.30% |
| Q1 2026 | 2026-04-04 | −$42.0M | −$276.0M | — | −3.31% |
| Q4 2025 | 2025-12-31 | $125.6M | — | — | +13.47% |
| Q3 2025 | 2025-09-27 | $162.2M | — | — | +20.28% |
| Q2 2025 | 2025-06-28 | $18.0M | — | — | +2.33% |
| Q1 2025 | 2025-03-29 | $234.0M | — | — | +35.35% |
| Q3 2017 | 2017-09-30 | $154.2M | — | — | +27.26% |
Waters free cash flow growth trends
Waters's latest reported quarter, Q2 2026, generated $153.0M in free cash flow, an increase of 750.00% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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