Waters

Waters Cash Conversion

The Cash Conversion Rate (OCF/Net Income) of Waters (WAT) as of Nov 12, 2026 is 101.54 %. In the previous year, Cash Conversion Rate (OCF/Net Income) was 119.49 % — a change of -15.02% (lower).

Cash Conversion

101.54 %

YoY

-15.02%

Last updated:

Cash Conversion Rate (OCF/Net Income) of Waters is 2025 101.54 % . Cash Conversion Rate (OCF/Net Income) of Waters was 2024 119.49 % . It decreases by -15.02% lower compared to the previous year.

The Waters Cash Conversion history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Cash Conversion
Date
Cash Conversion
Jan 1, 2018
101.79 USD
Jan 1, 2019
108.59 USD
Jan 1, 2020
151.56 USD
Jan 1, 2021
107.86 USD
Jan 1, 2022
86.42 USD
Jan 1, 2023
93.86 USD
Jan 1, 2024
119.49 USD
Jan 1, 2025
101.54 USD
The Waters Cash Conversion history
YEARCash ConversionYoY
101.54 %-15.02%
119.49 %+27.30%
93.86 %+8.61%
86.42 %-19.87%
107.86 %-28.84%
151.56 %+39.57%
108.59 %+6.68%
101.79 %-97.04%
3,434.79 %+2,747.43%
120.63 %+0.98%
119.45 %+0.77%
118.54 %—

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Waters Stock analysis

What does Waters do? Waters Corporation is a leading company in the field of analytics and laboratory instruments. The company was founded in 1958 by James L. Waters and is headquartered in Milford, Massachusetts. Waters Corp originated from the development of liquid chromatography (LC), a technology that allows researchers to separate, identify and analyze substances in a sample. Over the years, Waters has built on this foundation and has evolved into a company that offers a wide range of solutions for the life science industry and chemical analysis. The business model of Waters Corp is based on the development and sale of innovative technologies and instruments for the analysis of chemical and biological substances. The company focuses on four main areas: life science mass spectrometry, chromatography, chemical analysis, and laboratory information systems. Life science mass spectrometry encompasses a range of technologies that facilitate the analysis of biological molecules and medical samples. Mass spectrometry is an instrument for measuring the mass of a molecule. It is used to determine the identity of compounds in a sample and provide information about their structure. Applications are diverse and range from the exploration of new drugs to the diagnosis of diseases. Chromatography systems allow researchers to split and identify substances in a sample. The company offers a wide range of solutions for liquid chromatography and gas chromatography, including systems for high-performance liquid chromatography (HPLC), ultra-high-performance liquid chromatography (UHPLC), and gas chromatography (GC). Chemical analysis encompasses a wide range of technologies that enable rapid, accurate, and reliable analysis of chemical substances. The company offers solutions for spectroscopy, nuclear magnetic resonance spectroscopy (NMR), and X-ray crystallography. Laboratory information systems enable effective management of laboratory information, including sample and result management, as well as report generation and data security. Waters offers solutions for laboratory information management systems (LIMS), electronic signature, and electronic archiving. The company has a wide range of products, including mass spectrometers, gas chromatographs, liquid chromatographs, laboratory information and chromatography software, accessories, and consumables. Waters' product range is focused on various applications in medical research, drug development, the food industry, environmental analysis, and other industries. Waters has a long history of innovation and has received numerous awards for its advancements in technology development and analytics. The company has become a global leader in analytical instruments, software products, and consumables, serving customers in more than 100 countries worldwide. Overall, Waters Corp has a strong position in the industry based on innovative technologies, broad performance spectrum, and decades of experience. The company is expected to continue playing an important role in the analytics and instruments industry, while focusing on the demand for accuracy, precision, and speed in the field of life science technology and chemistry. Waters is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Waters stock

Cash Conversion Rate (OCF/Net Income) of Waters is 101.54 % in 2025.

Cash Conversion Rate (OCF/Net Income) of Waters changed from 119.49 % to 101.54 %, representing a -15.02% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Cash Conversion Rate (OCF/Net Income) Waters since 2006 – with annual values, charts, and detailed analysis.

Cash conversion measures how effectively net income converts to operating cash flow. Ratios above 100% indicate high-quality, cash-backed earnings.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Cash Conversion Rate (OCF/Net Income)'s Waters with sector peers and the industry average to assess whether it is attractive.

To evaluate Cash Conversion Rate (OCF/Net Income)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Cash Conversion Rate (OCF/Net Income).

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Cash Flow — Waters

All Key Metrics — Waters