Last Price$371.8(1.5%)
Market Cap$22.2B
LTM Free Cash Flow
$619.6M
YoY Growth
+40.1%
3Y CAGR
+2.3%
5Y CAGR
+5.3%
Stock quality & Intrinsic value
6/10
36.5% overvalued
Waters Corporation Free Cash Flow
Annual
Quarterly
LTM
Crunching data... Almost there!
| Dec'04 | Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | $193.2M | $247.0M | $212.2M | $310.2M | $349.2M | $324.5M | $395.1M | $411.9M | $344.5M | $366.4M | $405.4M | $457.3M | $534.1M | $607.2M | $476.9M | $479.3M | $618.1M | $579.0M | $428.2M | $442.2M |
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Waters Corporation (WAT) Free Cash Flow comparison analysis
General
LTM Free Cash Flow
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
Waters CorporationWAT
$619.6M
40.1%
2.3%
5.3%
Median Peer Set
$1,002.5M
4.1%
(0.8%)
10.6%
Thermo Fisher Scientific Inc.TMO
$7,267.0M
4.9%
1.2%
12.4%
Danaher CorporationDHR
$5,296.0M
(8.4%)
(9.2%)
9.8%
IQVIA Holdings Inc.IQV
$2,114.0M
40.9%
(2.8%)
20.4%
Agilent Technologies, Inc.A
$1,409.0M
(14.6%)
3.3%
18.7%
Laboratory Corporation of America HoldingsLH
$1,095.9M
27.6%
(25.5%)
1.0%
Quest Diagnostics IncorporatedDGX
$909.0M
5.2%
(20.8%)
1.5%
Mettler-Toledo International Inc.MTD
$864.4M
0.5%
2.6%
11.3%
IDEXX Laboratories, Inc.IDXX
$798.1M
3.3%
7.9%
21.3%
Illumina, Inc.ILMN
$696.0M
146.8%
27.3%
(3.7%)
Natera, Inc.NTRA
($33.2M)
(89.3%)
(54.4%)
(12.8%)
WAT key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'04 | Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 1,104.5 0.0% | 1,158.2 4.9% | 1,280.2 10.5% | 1,473.0 15.1% | 1,575.1 6.9% | 1,498.7 (4.9%) | 1,643.4 9.7% | 1,851.2 12.6% | 1,843.6 (0.4%) | 1,904.2 3.3% | 1,989.3 4.5% | 2,042.3 2.7% | 2,167.4 6.1% | 2,309.1 6.5% | 2,419.9 4.8% | 2,406.6 (0.6%) | 2,365.4 (1.7%) | 2,785.9 17.8% | 2,972.0 6.7% | 2,956.4 (0.5%) |
| Cost of Goods Sold (COGS) | 454.8 | 478.4 | 536.2 | 631.1 | 661.3 | 594.9 | 653.3 | 730.5 | 737.6 | 783.5 | 824.9 | 842.7 | 891.5 | 947.1 | 992.6 | 1,010.7 | 1,006.7 | 1,156.5 | 1,248.2 | 1,195.2 |
% margin | 649.7 58.8% | 679.9 58.7% | 744.0 58.1% | 841.9 57.2% | 913.9 58.0% | 903.8 60.3% | 990.1 60.2% | 1,120.7 60.5% | 1,106.0 60.0% | 1,120.8 58.9% | 1,164.4 58.5% | 1,199.7 58.7% | 1,276.0 58.9% | 1,362.0 59.0% | 1,427.4 59.0% | 1,395.9 58.0% | 1,358.7 57.4% | 1,629.3 58.5% | 1,723.8 58.0% | 1,761.2 59.6% |
| Operating Expenses | 364.9 | 396.7 | 440.4 | 493.0 | 524.1 | 509.2 | 540.1 | 592.1 | 587.1 | 603.4 | 631.1 | 624.4 | 648.1 | 684.0 | 688.0 | 687.4 | 705.1 | 802.5 | 840.6 | 943.5 |
| Research & Development Expenses (R&D) | 65.2 | 66.9 | 77.3 | 80.6 | 81.6 | 77.2 | 84.3 | 92.3 | 96.0 | 100.5 | 107.7 | 118.5 | 125.2 | 132.6 | 143.4 | 143.0 | 140.8 | 168.4 | 176.2 | 174.9 |
| Selling, General & Administrative Expenses (SG&A) | 300.2 | 321.7 | 357.7 | 403.7 | 426.7 | 421.4 | 445.5 | 490.0 | 477.3 | 493.0 | 512.7 | 495.7 | 513.0 | 544.7 | 536.9 | 534.8 | 553.7 | 627.0 | 658.0 | 736.0 |
% margin | 284.9 25.8% | 283.2 24.4% | 295.2 23.1% | 348.9 23.7% | 389.8 24.7% | 394.6 26.3% | 449.9 27.4% | 528.6 28.6% | 511.5 27.7% | 517.3 27.2% | 517.9 26.0% | 567.5 27.8% | 624.3 28.8% | 661.9 28.7% | 739.8 30.6% | 708.5 29.4% | 645.5 27.3% | 821.7 29.5% | 873.4 29.4% | 817.7 27.7% |
| Interest Income | 0.0 | 19.3 | 0.0 | 0.0 | 0.0 | 3.0 | 1.9 | 2.6 | 4.2 | 4.4 | 7.0 | 10.7 | 20.7 | 36.1 | 38.8 | 22.1 | 16.3 | 12.2 | 11.0 | 16.6 |
| Interest Expense | 0.0 | 8.6 | 32.2 | 25.7 | 17.6 | 8.0 | 12.1 | 19.3 | 23.9 | 25.7 | 27.2 | 25.5 | 24.2 | 20.8 | 9.8 | 26.6 | 32.8 | 32.7 | 37.8 | 98.9 |
| Pre-tax Income | 285.7 | 274.6 | 263.0 | 323.2 | 372.2 | 386.7 | 437.9 | 509.3 | 487.6 | 490.1 | 490.7 | 541.9 | 600.1 | 641.1 | 682.1 | 678.2 | 610.9 | 806.2 | 837.8 | 736.2 |
% effective tax rate | 61.6 21.6% | 72.6 26.4% | 40.8 15.5% | 55.1 17.1% | 49.7 13.4% | 63.3 16.4% | 56.1 12.8% | 76.3 15.0% | 26.2 5.4% | 40.1 8.2% | 59.1 12.0% | 72.9 13.4% | 78.6 13.1% | 620.8 96.8% | 88.4 13.0% | 86.0 12.7% | 89.3 14.6% | 113.4 14.1% | 130.1 15.5% | 94.0 12.8% |
% margin | 224.1 20.3% | 202.0 17.4% | 222.2 17.4% | 268.1 18.2% | 322.5 20.5% | 323.3 21.6% | 381.8 23.2% | 433.0 23.4% | 461.4 25.0% | 450.0 23.6% | 431.6 21.7% | 469.1 23.0% | 521.5 24.1% | 20.3 0.9% | 593.8 24.5% | 592.2 24.6% | 521.6 22.1% | 692.8 24.9% | 707.8 23.8% | 642.2 21.7% |
| EPS | 1.87 | 1.77 | 2.16 | 2.67 | 3.25 | 3.37 | 4.13 | 4.77 | 5.25 | 5.27 | 5.12 | 5.70 | 6.46 | 0.25 | 7.71 | 8.76 | 8.40 | 11.25 | 11.80 | 10.87 |
| Diluted EPS | 1.82 | 1.74 | 2.13 | 2.62 | 3.21 | 3.34 | 4.06 | 4.69 | 5.19 | 5.20 | 5.07 | 5.65 | 6.41 | 0.25 | 7.65 | 8.69 | 8.36 | 11.17 | 11.73 | 10.84 |
% margin | 337.7 30.6% | 326.8 28.2% | 360.8 28.2% | 402.2 27.3% | 476.0 30.2% | 454.9 30.4% | 514.3 31.3% | 597.6 32.3% | 584.5 31.7% | 597.0 31.4% | 638.3 32.1% | 668.2 32.7% | 725.0 33.5% | 784.0 34.0% | 799.6 33.0% | 822.1 34.2% | 778.0 32.9% | 958.4 34.4% | 1,014.1 34.1% | 1,001.0 33.9% |
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FAQ
1) What is Waters Corporation's Free Cash Flow?
As of today, Waters Corporation's last 12-month Free Cash Flow is $619.6M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is Waters Corporation's Free Cash Flow growth rate?
Over the last year, Waters Corporation's Free Cash Flow growth was 40.1%. The average annual Free Cash Flow growth rates for Waters Corporation have been (1.2%) over the past three years, 5.3% over the past five years.
3) Is Waters Corporation's Free Cash Flow growth rate Good?
Over the last year, Waters Corporation's Free Cash Flow growth was 40.1%, which is higher than industry growth of (0.4%). It indicates that Waters Corporation's Free Cash Flow growth is Good.