Waters (WAT) Free Cash Flow (2009 - 2026)

Waters' Free Cash Flow history runs 18 years deep, the most recent figure standing at -$42.0 million for Q2 2026.

• In Q2 2026, Free Cash Flow fell 117.95% year-over-year to -$42.0 million; the TTM figure through Apr 2026 stood at $263.8 million (down 57.41% YoY), while the FY2025 annual figure was $539.8 million, down 12.88% from the prior year.
• Free Cash Flow was -$42.0 million for Q2 2026 at Waters, down from $125.6 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $234.2 million in Q1 2024 to a low of -$42.0 million in Q2 2026.
• Historically, Free Cash Flow has averaged $130.2 million across 5 years, with a median of $149.2 million in 2022.
• The sharpest annual moves came in 2024 and 2026: Free Cash Flow surged 49.42% in 2024, then tumbled 117.95% in 2026.
• A 5-year view of Free Cash Flow shows it stood at $136.5 million in 2022, then jumped by 38.09% to $188.5 million in 2023, then slipped by 0.26% to $188.0 million in 2024, then sank by 33.21% to $125.6 million in 2025, then slumped by 133.44% to -$42.0 million in 2026.
• The last three Free Cash Flow figures came in at -$42.0 million (Q2 2026), $125.6 million (Q4 2025), and $161.9 million (Q3 2025), per Business Quant data.