Waters Corporation (WAT) — Free Cash Flow Yield
Healthcare
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company operates through two segments, Waters and TA. The company designs, manufactures, sells, and services liquid chromatography, as well as mass spectrometry (MS) technology systems and supports products, including chromatography columns, and other consumable products. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer goods, and healthcare products, as well as for life science research; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. In addition, the company offers MS technology, which is used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. Its products are used by clinical, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. The company was founded in 1958 and is headquartered in Milford, Massachusetts.
| Metric | Value |
|---|---|
| FCF Yield | 1.3% |
| Healthcare Sector Avg FCF Yield | 4.9% |
| Annual Free Cash Flow | $540M |
| Market Cap | $40.5B |
| P/E Ratio | 104.1x |
Waters Corporation's FCF yield of 1.3% is below the Healthcare sector average (4.9%).
Frequently Asked Questions
What is Waters Corporation's (WAT) free cash flow yield?
Waters Corporation's (WAT) free cash flow yield is 1.3%. That is below the Healthcare sector average (4.9%).
Is WAT's free cash flow yield good?
At 1.3%, WAT's free cash flow yield is considered weak — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does Waters Corporation generate?
Waters Corporation generated $540M in free cash flow, against a market cap of $40.5B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →