Basis: Four-quarter operating cash flow / FMP quote market capitalization × 100. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating cash flow yield high or low?
The operating cash flow yield of 1.32% is 63% below its estimated 5-year average of 3.53%, near the low end of its estimated 5-year range (1.14%–4.51%).
As of 2026-10-03T23:30:34.634Z. 48.81% below its estimated 12-month average of 2.58%.
Calculation as of: 2026-10-03T23:30:34.634Z.
Quote observation: 2026-10-02T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e3735a4e5e7938a471667e7fd9818340e0eba845a21603990d6ab0b211c4a529
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-02.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
OPERATING CASH FLOW YIELD
1.32%
OPERATING CASH FLOW YIELD AVG TTM
2.58%
OPERATING CASH FLOW YIELD AVG 3Y
3.49%
OPERATING CASH FLOW YIELD AVG 5Y
3.53%
OPERATING CASH FLOW YIELD AVG 10Y
4.00%
OPERATING CASH FLOW YIELD AVG 15Y
4.48%
OPERATING CASH FLOW YIELD AVG 20Y
4.81%
CURRENT VS TTM AVG
-48.81%
CURRENT VS 3Y AVG
-62.15%
CURRENT VS 5Y AVG
-62.62%
CURRENT VS 10Y AVG
-66.97%
CURRENT VS 15Y AVG
-70.53%
CURRENT VS 20Y AVG
-72.54%
SECTOR MEDIAN · HEALTHCARE
6.38%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
-79.33%
vs the sector median at left
Waters Corporation
Market Cap
$41.75B
Operating Cash Flow Yield
1.32%
TTM Avg
2.58%
3Y Avg
3.49%
5Y Avg
3.53%
Market Cap
$41.31B
Operating Cash Flow Yield
2.65%
TTM Avg
5.04%
3Y Avg
4.28%
5Y Avg
3.05%
Market Cap
$42.50B
Operating Cash Flow Yield
6.63%
TTM Avg
7.87%
3Y Avg
7.10%
5Y Avg
6.65%
Market Cap
$40.89B
Operating Cash Flow Yield
3.34%
TTM Avg
2.42%
3Y Avg
2.30%
5Y Avg
2.07%
Market Cap
$46.04B
Operating Cash Flow Yield
4.12%
TTM Avg
4.23%
3Y Avg
6.84%
5Y Avg
8.74%
Market Cap
$46.63B
Operating Cash Flow Yield
0.32%
TTM Avg
4.83%
3Y Avg
8.01%
5Y Avg
8.88%
Market Cap
$47.38B
Operating Cash Flow Yield
3.40%
TTM Avg
3.89%
3Y Avg
4.43%
5Y Avg
4.06%
Market Cap
$48.72B
Operating Cash Flow Yield
6.84%
TTM Avg
7.79%
3Y Avg
7.21%
5Y Avg
6.54%
Market Cap
$49.03B
Operating Cash Flow Yield
3.51%
TTM Avg
2.97%
3Y Avg
1.94%
5Y Avg
2.20%
| NAME | MARKET CAP | OPERATING CASH FLOW YIELD | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $41.75B | 1.32% | 2.58% | 3.49% | 3.53% |
| Illumina, Inc. (ILMN)vs › | $41.31B | 2.65% | 5.04% | 4.28% | 3.05% |
| IQVIA Holdings Inc. (IQV)vs › | $42.50B | 6.63% | 7.87% | 7.10% | 6.65% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.89B | 3.34% | 2.42% | 2.30% | 2.07% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 4.12% | 4.23% | 6.84% | 8.74% |
| Humana Inc. (HUM)vs › | $46.63B | 0.32% | 4.83% | 8.01% | 8.88% |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 3.40% | 3.89% | 4.43% | 4.06% |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 6.84% | 7.79% | 7.21% | 6.54% |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 3.51% | 2.97% | 1.94% | 2.20% |
| Biogen Inc. (BIIB)vs › | $32.49B | 8.86% | 8.98% | 8.47% | 7.79% |
OCF Yield = TTM Operating Cash Flow / Market Cap
Operating cash flow yield is the inverse of P/OCF, expressing trailing operating cash flow as a percentage of price. It sits between earnings yield (before non-cash accrual effects) and FCF yield (before capital expenditure).
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING CASH FLOW YIELD |
|---|---|
| 2026-10-02 | 1.32% |
| 2026-10-01 | 1.32% |
| 2026-09-30 | 1.27% |
| 2026-09-29 | 1.26% |
| 2026-09-28 | 1.26% |
| 2026-09-25 | 1.29% |
| 2026-09-24 | 1.30% |
| 2026-09-23 | 1.33% |
| 2026-09-22 | 1.32% |
| 2026-09-21 | 1.32% |
| 2026-09-18 | 1.33% |
| 2026-09-17 | 1.30% |
| 2026-09-16 | 1.34% |
| 2026-09-15 | 1.34% |
| 2026-09-14 | 1.37% |
| 2026-09-11 | 1.37% |
| 2026-09-10 | 1.39% |
| 2026-09-09 | 1.38% |
| 2026-09-08 | 1.39% |
| 2026-09-04 | 1.37% |
| 2026-09-03 | 1.35% |
| 2026-09-02 | 1.36% |
| 2026-09-01 | 1.38% |
| 2026-08-31 | 1.35% |
| 2026-08-28 | 1.35% |
| 2026-08-27 | 1.33% |
| 2026-08-26 | 1.35% |
| 2026-08-25 | 1.35% |
| 2026-08-24 | 1.36% |
| 2026-08-21 | 1.36% |
| 2026-08-20 | 1.38% |
| 2026-08-19 | 1.35% |
| 2026-08-18 | 1.40% |
| 2026-08-17 | 1.37% |
| 2026-08-14 | 1.36% |
| 2026-08-13 | 1.35% |
| 2026-08-12 | 1.35% |
| 2026-08-11 | 1.14% |
| 2026-08-10 | 1.15% |
| 2026-08-07 | 1.17% |
| 2026-08-06 | 1.19% |
| 2026-08-05 | 1.19% |
| 2026-08-04 | 1.20% |
| 2026-08-03 | 1.27% |
| 2026-07-31 | 1.26% |
| 2026-07-30 | 1.25% |
| 2026-07-29 | 1.25% |
| 2026-07-28 | 1.24% |
| 2026-07-27 | 1.28% |
| 2026-07-24 | 1.27% |
| 2026-07-23 | 1.24% |
| 2026-07-22 | 1.28% |
| 2026-07-21 | 1.29% |
| 2026-07-20 | 1.33% |
| 2026-07-17 | 1.29% |
| 2026-07-16 | 1.26% |
| 2026-07-15 | 1.27% |
| 2026-07-14 | 1.26% |
| 2026-07-13 | 1.27% |
| 2026-07-10 | 1.26% |
| 2026-07-09 | 1.26% |
| 2026-07-08 | 1.29% |
| 2026-07-07 | 1.27% |
| 2026-07-06 | 1.25% |
| 2026-07-02 | 1.25% |
| 2026-07-01 | 1.26% |
| 2026-06-30 | 1.27% |
| 2026-06-29 | 1.29% |
| 2026-06-26 | 1.27% |
| 2026-06-25 | 1.26% |
| 2026-06-24 | 1.29% |
| 2026-06-23 | 1.33% |
| 2026-06-22 | 1.33% |
| 2026-06-18 | 1.34% |
| 2026-06-17 | 1.33% |
| 2026-06-16 | 1.32% |
| 2026-06-15 | 1.33% |
| 2026-06-12 | 1.34% |
| 2026-06-11 | 1.32% |
| 2026-06-10 | 1.31% |
| 2026-06-09 | 1.28% |
| 2026-06-08 | 1.31% |
| 2026-06-05 | 1.30% |
| 2026-06-04 | 1.26% |
| 2026-06-03 | 1.25% |
| 2026-06-02 | 1.28% |
| 2026-06-01 | 1.26% |
| 2026-05-29 | 1.24% |
| 2026-05-28 | 1.29% |
| 2026-05-27 | 1.39% |
| 2026-05-26 | 1.40% |
| 2026-05-22 | 1.39% |
| 2026-05-21 | 1.39% |
| 2026-05-20 | 1.39% |
| 2026-05-19 | 1.42% |
| 2026-05-18 | 1.43% |
| 2026-05-15 | 1.44% |
| 2026-05-14 | 1.42% |
| 2026-05-13 | 1.42% |
| 2026-05-12 | 3.10% |
| 2026-05-11 | 3.14% |
| 2026-05-08 | 3.07% |
| 2026-05-07 | 3.12% |
| 2026-05-06 | 3.12% |
| 2026-05-05 | 3.19% |
| 2026-05-04 | 3.62% |
| 2026-05-01 | 3.56% |
| 2026-04-30 | 3.53% |
| 2026-04-29 | 3.74% |
| 2026-04-28 | 3.63% |
| 2026-04-27 | 3.64% |
| 2026-04-24 | 3.52% |
| 2026-04-23 | 3.51% |
| 2026-04-22 | 3.27% |
| 2026-04-21 | 3.26% |
| 2026-04-20 | 3.25% |
| 2026-04-17 | 3.33% |
| 2026-04-16 | 3.42% |
| 2026-04-15 | 3.35% |
| 2026-04-14 | 3.30% |
| 2026-04-13 | 3.36% |
| 2026-04-10 | 3.41% |
| 2026-04-09 | 3.44% |
| 2026-04-08 | 3.43% |
| 2026-04-07 | 3.55% |
| 2026-04-06 | 3.59% |
| 2026-04-02 | 3.59% |
| 2026-04-01 | 3.64% |
| 2026-03-31 | 3.67% |
| 2026-03-30 | 3.72% |
| 2026-03-27 | 3.78% |
| 2026-03-26 | 3.63% |
| 2026-03-25 | 3.61% |
| 2026-03-24 | 3.62% |
| 2026-03-23 | 3.62% |
| 2026-03-20 | 3.65% |
| 2026-03-19 | 3.64% |
| 2026-03-18 | 3.70% |
| 2026-03-17 | 3.68% |
| 2026-03-16 | 3.76% |
| 2026-03-13 | 3.81% |
| 2026-03-12 | 3.85% |
| 2026-03-11 | 3.67% |
| 2026-03-10 | 3.64% |
| 2026-03-09 | 3.57% |
| 2026-03-06 | 3.61% |
| 2026-03-05 | 3.46% |
| 2026-03-04 | 3.42% |
| 2026-03-03 | 3.50% |
| 2026-03-02 | 3.55% |
| 2026-02-27 | 3.42% |
| 2026-02-26 | 3.38% |
| 2026-02-25 | 3.42% |
| 2026-02-24 | 3.35% |
| 2026-02-23 | 3.73% |
| 2026-02-20 | 3.66% |
| 2026-02-19 | 3.72% |
| 2026-02-18 | 3.73% |
| 2026-02-17 | 3.80% |
| 2026-02-13 | 3.78% |
| 2026-02-12 | 3.82% |
| 2026-02-11 | 3.71% |
| 2026-02-10 | 3.73% |
| 2026-02-09 | 3.72% |
| 2026-02-06 | 3.20% |
| 2026-02-05 | 3.24% |
| 2026-02-04 | 3.18% |
| 2026-02-03 | 3.22% |
| 2026-02-02 | 3.22% |
| 2026-01-30 | 3.29% |
| 2026-01-29 | 3.26% |
| 2026-01-28 | 3.17% |
| 2026-01-27 | 3.13% |
| 2026-01-26 | 3.12% |
| 2026-01-23 | 3.11% |
| 2026-01-22 | 3.05% |
| 2026-01-21 | 3.08% |
| 2026-01-20 | 3.18% |
| 2026-01-16 | 3.15% |
| 2026-01-15 | 3.10% |
| 2026-01-14 | 3.11% |
| 2026-01-13 | 3.10% |
| 2026-01-12 | 3.10% |
| 2026-01-09 | 3.08% |
| 2026-01-08 | 3.08% |
| 2026-01-07 | 3.06% |
| 2026-01-06 | 3.05% |
| 2026-01-05 | 3.09% |
| 2026-01-02 | 3.20% |
| 2025-12-31 | 3.22% |
| 2025-12-30 | 3.18% |
| 2025-12-29 | 3.17% |
| 2025-12-26 | 3.16% |
| 2025-12-24 | 3.17% |
| 2025-12-23 | 3.19% |
| 2025-12-22 | 3.18% |
| 2025-12-19 | 3.23% |
| 2025-12-18 | 3.25% |
| 2025-12-17 | 3.24% |
| 2025-12-16 | 3.23% |
| 2025-12-15 | 3.17% |
| 2025-12-12 | 3.17% |
| 2025-12-11 | 3.11% |
| 2025-12-10 | 3.09% |
| 2025-12-09 | 3.16% |
| 2025-12-08 | 3.11% |
| 2025-12-05 | 3.09% |
| 2025-12-04 | 3.08% |
| 2025-12-03 | 3.07% |
| 2025-12-02 | 3.06% |
| 2025-12-01 | 3.07% |
| 2025-11-28 | 3.03% |
| 2025-11-26 | 3.00% |
| 2025-11-25 | 2.96% |
| 2025-11-24 | 3.06% |
| 2025-11-21 | 3.10% |
| 2025-11-20 | 3.23% |
| 2025-11-19 | 3.25% |
| 2025-11-18 | 3.24% |
| 2025-11-17 | 3.23% |
| 2025-11-14 | 3.22% |
| 2025-11-13 | 3.22% |
| 2025-11-12 | 3.15% |
| 2025-11-11 | 3.16% |
| 2025-11-10 | 3.24% |
| 2025-11-07 | 3.29% |
| 2025-11-06 | 3.29% |
| 2025-11-05 | 3.28% |
| 2025-11-04 | 3.40% |
| 2025-11-03 | 3.62% |
| 2025-10-31 | 3.57% |
| 2025-10-30 | 3.64% |
| 2025-10-29 | 3.64% |
| 2025-10-28 | 3.61% |
| 2025-10-27 | 3.55% |
| 2025-10-24 | 3.48% |
| 2025-10-23 | 3.51% |
| 2025-10-22 | 3.58% |
| 2025-10-21 | 3.58% |
| 2025-10-20 | 3.64% |
| 2025-10-17 | 3.73% |
| 2025-10-16 | 3.73% |
| 2025-10-15 | 3.76% |
| 2025-10-14 | 3.75% |
| 2025-10-13 | 3.72% |
| 2025-10-10 | 3.77% |
| 2025-10-09 | 3.78% |
| 2025-10-08 | 3.81% |
| 2025-10-07 | 3.92% |
| 2025-10-06 | 3.81% |
| 2025-10-03 | 3.80% |
| 2025-10-02 | 3.88% |
| 2025-10-01 | 3.91% |
| 2025-09-30 | 4.17% |
| 2025-09-29 | 4.32% |
| 2025-09-26 | 4.28% |
| 2025-09-25 | 4.34% |
| 2025-09-24 | 4.27% |
| 2025-09-23 | 4.18% |
| 2025-09-22 | 4.13% |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
