WatersWAT +3.35%92 FCF Yield % is 0.73 as of Jun. 25, 2026, which is 77% below its 10-year median of 3.16. GuruFocus rates WAT with a GF Score™ of 92/100 and a GF Value™ of $415.96 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 215 Medical Diagnostics & Research companies, Waters ranks better than 60.47% on this metric.
FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
As of today, Waters's Trailing 12-Month Free Cash Flow is $264 Mil, and Market Cap is $36,248 Mil. Therefore, Waters's FCF Yield % for today is 0.73%.
The historical rank and industry rank for Waters's FCF Yield % or its related term are showing as below:
WAT'
s FCF Yield % Range Over the Past 10 Years
Min: 0.73 Med: 3.16 Max: 4.87
Current: 0.73
During the past 13 years, the highest FCF Yield % of Waters was 4.87%. The lowest was 0.73%. And the median was 3.16%.
WAT's FCF Yield % is ranked better than 60.47% of 215
companies
in the Medical Diagnostics & Research industry
Industry Median: -1.52
vs WAT: 0.73
Waters's FCF Margin % for the quarter that ended in Mar. 2026 was -3.31%.
Waters FCF Yield % Explanation
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
Waters FCF Yield % Related Terms
Waters FCF Yield % Historical Data
* Premium members only.
The historical data trend for Waters's FCF Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Diagnostics & Research subindustry, Waters's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Waters FCF Yield % vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Waters's FCF Yield % distribution charts can be found below:
* The bar in red indicates where Waters's FCF Yield % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Waters (WAT) has a FCF Yield % of 0.73 as of Jun. 25, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Waters and its competitors. This is 77% below median its historical median of 3.16. Over the past decade, Waters' FCF Yield % has ranged from 0.73 to 4.87. According to the industry distribution chart, Waters ranks #85 out of 215 companies in the Medical Diagnostics & Research industry, placing it in the top 39.5%.
Is Waters' FCF Yield % too high?
Waters' current FCF Yield % of 0.73 is 77% below median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 4.87. Based on the distribution chart, Waters ranks #85 out of 215 companies in the Medical Diagnostics & Research industry, which is above the industry midpoint. Overall, Waters has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waters' FCF Yield % compare to A and NTRA?
According to the Medical Diagnostics & Research industry distribution chart, Waters ranks #85 out of 215 companies for FCF Yield %. This puts Waters in the upper half of its industry. Historically, Waters' own FCF Yield % has ranged from 0.73 to 4.87 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Yield % for a Medical Diagnostics & Research company?
A good FCF Yield % depends on the Medical Diagnostics & Research industry context. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Waters and its competitors. Waters's current FCF Yield % is 0.73, which is 77% below median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waters stock overvalued right now?
Based on GuruFocus' analysis, Waters (WAT) is currently considered Modestly Undervalued. The stock's GF Value™ is $415.96, compared to a current price of $369.18 — trading 11.2% below its estimated fair value. The current FCF Yield % is 0.73, which is 77% below median its 10-year median of 3.16. Waters' overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For Waters (WAT), the current FCF Yield % is 0.73 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waters (WAT) Overvalued in 2026?
Based on GuruFocus' analysis, Waters stock appears to be undervalued.
The current stock price of $369.18 is trading 11.2% below its estimated GF Value™ of $415.96.
GuruFocus considers Waters to be Modestly Undervalued.
Key valuation signals for WAT:
FCF Yield %: 0.73 (77% below median its 10-year median of 3.16)
GF Value™: $415.96 vs. price of $369.18 (11.2% below fair value)
No single metric tells the full story. See the WAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waters sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. In early 2026, Waters merged with BD's life science and diagnostics business, which increased its concentration in diagnostics (versus none now) and discovery-related life science tools.
92GF Score
Get the complete analysis for WAT
FCF Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAT has been successfully added to your 
