Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the free cash flow yield high or low?
The free cash flow yield of 0.86% is 68% below its 5-year average of 2.65%, near the low end of its 5-year range (0.84%–3.74%).
As of Saturday, July 25, 2026. 71.17% below its 12-month average of 2.98%.
FREE CASH FLOW YIELD
0.86%
FREE CASH FLOW YIELD AVG TTM
2.98%
FREE CASH FLOW YIELD AVG 3Y
2.73%
FREE CASH FLOW YIELD AVG 5Y
2.72%
FREE CASH FLOW YIELD AVG 10Y
3.17%
FREE CASH FLOW YIELD AVG 15Y
3.59%
FREE CASH FLOW YIELD AVG 20Y
3.86%
CURRENT VS TTM AVG
-71.17%
CURRENT VS 3Y AVG
-68.44%
CURRENT VS 5Y AVG
-68.32%
CURRENT VS 10Y AVG
-72.89%
CURRENT VS 15Y AVG
-76.04%
CURRENT VS 20Y AVG
-77.74%
SECTOR MEDIAN · HEALTHCARE
5.07%
median of 74 covered companies
CURRENT VS SECTOR MEDIAN
-83.04%
vs the sector median at left
Waters Corporation
Market Cap
$24.42B
Free Cash Flow Yield
0.86%
TTM Avg
2.98%
3Y Avg
2.73%
5Y Avg
2.72%
Market Cap
$24.34B
Free Cash Flow Yield
5.62%
TTM Avg
5.86%
3Y Avg
5.21%
5Y Avg
7.06%
Market Cap
$25.15B
Free Cash Flow Yield
5.29%
TTM Avg
6.23%
3Y Avg
5.63%
5Y Avg
7.09%
Market Cap
$23.51B
Free Cash Flow Yield
5.96%
TTM Avg
6.18%
3Y Avg
4.35%
5Y Avg
4.13%
Market Cap
$23.10B
Free Cash Flow Yield
1.87%
TTM Avg
2.04%
3Y Avg
1.72%
5Y Avg
1.63%
Market Cap
$22.43B
Free Cash Flow Yield
4.08%
TTM Avg
4.85%
3Y Avg
5.70%
5Y Avg
5.76%
Market Cap
$26.82B
Free Cash Flow Yield
2.95%
TTM Avg
3.17%
3Y Avg
3.26%
5Y Avg
2.90%
| NAME | MARKET CAP | FREE CASH FLOW YIELD | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $24.42B | 0.86% | 2.98% | 2.73% | 2.72% |
| Labcorp Holdings Inc. (LH)vs › | $24.34B | 5.62% | 5.86% | 5.21% | 7.06% |
| Quest Diagnostics Incorporated (DGX)vs › | $25.15B | 5.29% | 6.23% | 5.63% | 7.09% |
| Incyte Corporation (INCY)vs › | $23.51B | 5.96% | 6.18% | 4.35% | 4.13% |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.10B | 1.87% | 2.04% | 1.72% | 1.63% |
| BioNTech SE (BNTX)vs › | $22.59B | 6.62% | 4.63% | 17.18% | 19.36% |
| United Therapeutics Corporation (UTHR)vs › | $22.43B | 4.08% | 4.85% | 5.70% | 5.76% |
| Mettler-Toledo International Inc. (MTD)vs › | $26.82B | 2.95% | 3.17% | 3.26% | 2.90% |
| Moderna, Inc. (MRNA)vs › | $21.45B | N/A | 8.49% | 9.09% | 9.09% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 5.49% | 4.49% | 4.54% | 4.51% |
FCF Yield
0.86%
Earnings Yield
2.10%
Dividend Yield
N/A
Formula: FCF Yield = (Free Cash Flow / Market Cap) × 100
How FCF Yield is used:
FCF vs earnings: Differences between FCF yield and earnings yield can reflect capital expenditures, working capital changes, and other non-cash accounting items.
FCF Yield measures free cash flow relative to market capitalization. It compares cash generation after capital expenditures with the equity value of the company.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FREE CASH FLOW YIELD |
|---|---|
| 2026-07-24 | 0.86% |
| 2026-07-23 | 0.84% |
| 2026-07-22 | 0.87% |
| 2026-07-21 | 0.87% |
| 2026-07-20 | 0.90% |
| 2026-07-17 | 0.87% |
| 2026-07-16 | 0.85% |
| 2026-07-15 | 0.86% |
| 2026-07-14 | 0.85% |
| 2026-07-13 | 0.86% |
| 2026-07-10 | 0.85% |
| 2026-07-09 | 0.85% |
| 2026-07-08 | 0.87% |
| 2026-07-07 | 0.86% |
| 2026-07-06 | 0.85% |
| 2026-07-02 | 0.85% |
| 2026-07-01 | 0.85% |
| 2026-06-30 | 0.86% |
| 2026-06-29 | 0.87% |
| 2026-06-26 | 0.86% |
| 2026-06-25 | 0.85% |
| 2026-06-24 | 0.87% |
| 2026-06-23 | 0.90% |
| 2026-06-22 | 0.90% |
| 2026-06-18 | 0.90% |
| 2026-06-17 | 0.90% |
| 2026-06-16 | 0.89% |
| 2026-06-15 | 0.90% |
| 2026-06-12 | 0.90% |
| 2026-06-11 | 0.89% |
| 2026-06-10 | 0.88% |
| 2026-06-09 | 0.87% |
| 2026-06-08 | 0.88% |
| 2026-06-05 | 0.88% |
| 2026-06-04 | 0.85% |
| 2026-06-03 | 0.85% |
| 2026-06-02 | 0.86% |
| 2026-06-01 | 0.85% |
| 2026-05-29 | 0.84% |
| 2026-05-28 | 0.88% |
| 2026-05-27 | 0.94% |
| 2026-05-26 | 0.95% |
| 2026-05-22 | 0.94% |
| 2026-05-21 | 0.94% |
| 2026-05-20 | 0.94% |
| 2026-05-19 | 0.96% |
| 2026-05-18 | 0.97% |
| 2026-05-15 | 0.98% |
| 2026-05-14 | 0.96% |
| 2026-05-13 | 0.96% |
| 2026-05-12 | 0.91% |
| 2026-05-11 | 2.59% |
| 2026-05-08 | 2.54% |
| 2026-05-07 | 2.58% |
| 2026-05-06 | 2.58% |
| 2026-05-05 | 2.64% |
| 2026-05-04 | 2.99% |
| 2026-05-01 | 2.94% |
| 2026-04-30 | 2.92% |
| 2026-04-29 | 3.09% |
| 2026-04-28 | 3.00% |
| 2026-04-27 | 3.01% |
| 2026-04-24 | 2.91% |
| 2026-04-23 | 2.90% |
| 2026-04-22 | 2.70% |
| 2026-04-21 | 2.69% |
| 2026-04-20 | 2.69% |
| 2026-04-17 | 2.76% |
| 2026-04-16 | 2.83% |
| 2026-04-15 | 2.77% |
| 2026-04-14 | 2.73% |
| 2026-04-13 | 2.78% |
| 2026-04-10 | 2.82% |
| 2026-04-09 | 2.84% |
| 2026-04-08 | 2.84% |
| 2026-04-07 | 2.94% |
| 2026-04-06 | 2.97% |
| 2026-04-02 | 2.97% |
| 2026-04-01 | 3.01% |
| 2026-03-31 | 3.03% |
| 2026-03-30 | 3.08% |
| 2026-03-27 | 3.12% |
| 2026-03-26 | 3.00% |
| 2026-03-25 | 2.99% |
| 2026-03-24 | 2.99% |
| 2026-03-23 | 2.99% |
| 2026-03-20 | 3.02% |
| 2026-03-19 | 3.01% |
| 2026-03-18 | 3.06% |
| 2026-03-17 | 3.04% |
| 2026-03-16 | 3.11% |
| 2026-03-13 | 3.15% |
| 2026-03-12 | 3.19% |
| 2026-03-11 | 3.04% |
| 2026-03-10 | 3.01% |
| 2026-03-09 | 2.96% |
| 2026-03-06 | 2.99% |
| 2026-03-05 | 2.86% |
| 2026-03-04 | 2.83% |
| 2026-03-03 | 2.89% |
| 2026-03-02 | 2.94% |
| 2026-02-27 | 2.83% |
| 2026-02-26 | 2.80% |
| 2026-02-25 | 2.83% |
| 2026-02-24 | 2.77% |
| 2026-02-23 | 2.76% |
| 2026-02-20 | 3.03% |
| 2026-02-19 | 3.07% |
| 2026-02-18 | 3.08% |
| 2026-02-17 | 3.14% |
| 2026-02-13 | 3.12% |
| 2026-02-12 | 3.16% |
| 2026-02-11 | 3.07% |
| 2026-02-10 | 3.09% |
| 2026-02-09 | 3.08% |
| 2026-02-06 | 2.65% |
| 2026-02-05 | 2.68% |
| 2026-02-04 | 2.63% |
| 2026-02-03 | 2.67% |
| 2026-02-02 | 2.66% |
| 2026-01-30 | 2.72% |
| 2026-01-29 | 2.69% |
| 2026-01-28 | 2.62% |
| 2026-01-27 | 2.59% |
| 2026-01-26 | 2.58% |
| 2026-01-23 | 2.57% |
| 2026-01-22 | 2.52% |
| 2026-01-21 | 2.55% |
| 2026-01-20 | 2.63% |
| 2026-01-16 | 2.61% |
| 2026-01-15 | 2.56% |
| 2026-01-14 | 2.57% |
| 2026-01-13 | 2.56% |
| 2026-01-12 | 2.57% |
| 2026-01-09 | 2.55% |
| 2026-01-08 | 2.55% |
| 2026-01-07 | 2.53% |
| 2026-01-06 | 2.52% |
| 2026-01-05 | 2.56% |
| 2026-01-02 | 2.64% |
| 2025-12-31 | 2.66% |
| 2025-12-30 | 2.63% |
| 2025-12-29 | 2.62% |
| 2025-12-26 | 2.62% |
| 2025-12-24 | 2.62% |
| 2025-12-23 | 2.64% |
| 2025-12-22 | 2.63% |
| 2025-12-19 | 2.67% |
| 2025-12-18 | 2.68% |
| 2025-12-17 | 2.68% |
| 2025-12-16 | 2.67% |
| 2025-12-15 | 2.62% |
| 2025-12-12 | 2.62% |
| 2025-12-11 | 2.58% |
| 2025-12-10 | 2.55% |
| 2025-12-09 | 2.62% |
| 2025-12-08 | 2.57% |
| 2025-12-05 | 2.56% |
| 2025-12-04 | 2.55% |
| 2025-12-03 | 2.54% |
| 2025-12-02 | 2.53% |
| 2025-12-01 | 2.54% |
| 2025-11-28 | 2.50% |
| 2025-11-26 | 2.48% |
| 2025-11-25 | 2.45% |
| 2025-11-24 | 2.53% |
| 2025-11-21 | 2.56% |
| 2025-11-20 | 2.67% |
| 2025-11-19 | 2.68% |
| 2025-11-18 | 2.68% |
| 2025-11-17 | 2.67% |
| 2025-11-14 | 2.66% |
| 2025-11-13 | 2.66% |
| 2025-11-12 | 2.61% |
| 2025-11-11 | 2.62% |
| 2025-11-10 | 2.68% |
| 2025-11-07 | 2.72% |
| 2025-11-06 | 2.72% |
| 2025-11-05 | 2.72% |
| 2025-11-04 | 2.75% |
| 2025-11-03 | 3.00% |
| 2025-10-31 | 2.97% |
| 2025-10-30 | 3.03% |
| 2025-10-29 | 3.02% |
| 2025-10-28 | 3.00% |
| 2025-10-27 | 2.95% |
| 2025-10-24 | 2.89% |
| 2025-10-23 | 2.92% |
| 2025-10-22 | 2.98% |
| 2025-10-21 | 2.97% |
| 2025-10-20 | 3.03% |
| 2025-10-17 | 3.10% |
| 2025-10-16 | 3.10% |
| 2025-10-15 | 3.12% |
| 2025-10-14 | 3.12% |
| 2025-10-13 | 3.09% |
| 2025-10-10 | 3.14% |
| 2025-10-09 | 3.14% |
| 2025-10-08 | 3.17% |
| 2025-10-07 | 3.26% |
| 2025-10-06 | 3.17% |
| 2025-10-03 | 3.16% |
| 2025-10-02 | 3.22% |
| 2025-10-01 | 3.25% |
| 2025-09-30 | 3.46% |
| 2025-09-29 | 3.59% |
| 2025-09-26 | 3.56% |
| 2025-09-25 | 3.61% |
| 2025-09-24 | 3.55% |
| 2025-09-23 | 3.47% |
| 2025-09-22 | 3.43% |
| 2025-09-19 | 3.45% |
| 2025-09-18 | 3.39% |
| 2025-09-17 | 3.42% |
| 2025-09-16 | 3.43% |
| 2025-09-15 | 3.47% |
| 2025-09-12 | 3.51% |
| 2025-09-11 | 3.43% |
| 2025-09-10 | 3.54% |
| 2025-09-09 | 3.45% |
| 2025-09-08 | 3.36% |
| 2025-09-05 | 3.39% |
| 2025-09-04 | 3.46% |
| 2025-09-03 | 3.58% |
| 2025-09-02 | 3.50% |
| 2025-08-29 | 3.44% |
| 2025-08-28 | 3.49% |
| 2025-08-27 | 3.52% |
| 2025-08-26 | 3.51% |
| 2025-08-25 | 3.47% |
| 2025-08-22 | 3.44% |
| 2025-08-21 | 3.57% |
| 2025-08-20 | 3.50% |
| 2025-08-19 | 3.49% |
| 2025-08-18 | 3.59% |
| 2025-08-15 | 3.56% |
| 2025-08-14 | 3.54% |
| 2025-08-13 | 3.50% |
| 2025-08-12 | 3.64% |
| 2025-08-11 | 3.72% |
| 2025-08-08 | 3.69% |
| 2025-08-07 | 3.73% |
| 2025-08-06 | 3.74% |
| 2025-08-05 | 3.69% |
| 2025-08-04 | 3.64% |
| 2025-08-01 | 3.57% |
| 2025-07-31 | 3.59% |
| 2025-07-30 | 3.47% |
| 2025-07-29 | 3.42% |
| 2025-07-28 | 3.43% |
| 2025-07-25 | 3.42% |
| 2025-07-24 | 3.47% |
| 2025-07-23 | 3.51% |
| 2025-07-22 | 3.61% |
| 2025-07-21 | 3.68% |
| 2025-07-18 | 3.61% |
| 2025-07-17 | 3.49% |
| 2025-07-16 | 3.58% |
| 2025-07-15 | 3.58% |
| 2025-07-14 | 3.41% |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
