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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Waters (WAT) FCF Margin (2016 - 2025)

Waters has reported FCF Margin over the past 16 years, most recently at 13.47% for Q4 2025.

  • Quarterly results put FCF Margin at 13.47% for Q4 2025, down 808.0% from a year ago — trailing twelve months through Dec 2025 was 17.05% (down 389.0% YoY), and the annual figure for FY2025 was 17.05%, down 389.0%.
  • FCF Margin for Q4 2025 was 13.47% at Waters, down from 20.24% in the prior quarter.
  • Over the last five years, FCF Margin for WAT hit a ceiling of 36.78% in Q1 2024 and a floor of 2.4% in Q2 2025.
  • Median FCF Margin over the past 5 years was 20.48% (2021), compared with a mean of 19.42%.
  • Biggest five-year swings in FCF Margin: surged 735bps in 2024 and later plummeted -808bps in 2025.
  • Waters' FCF Margin stood at 20.72% in 2021, then fell by -23bps to 15.9% in 2022, then skyrocketed by 45bps to 23.01% in 2023, then fell by -6bps to 21.55% in 2024, then crashed by -37bps to 13.47% in 2025.
  • The last three reported values for FCF Margin were 13.47% (Q4 2025), 20.24% (Q3 2025), and 2.4% (Q2 2025) per Business Quant data.