First Watch Restaurant Group Inc Capital Reinvestment Ratio
First Watch Restaurant Group Inc capital reinvestment ratio. First Watch Restaurant Group Inc (FWRG) has a Capital Reinvestment Ratio of 1.49x as of June 2026, meaning it reinvests 1% of its operating cash flow ($27.44 Million) in capital expenditures ($40.97 Million). See First Watch Restaurant Group Inc free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of First Watch Restaurant Group Inc (2018–2025)
Capital reinvestment ratio of First Watch Restaurant Group Inc from 2018 to 2025. This chart tracks First Watch Restaurant Group Inc's Capital Reinvestment Ratio across 7 annual periods. See First Watch Restaurant Group Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
First Watch Restaurant Group Inc Capital Reinvestment Ratio by Year (2018–2025)
First Watch Restaurant Group Inc capital reinvestment ratio by year from 2018 to 2025. For the full cash flow conversion analysis, see First Watch Restaurant Group Inc cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.25x | $125.91 Million | $156.91 Million | ▲ +12.7% |
| 2024 | 1.11x | $115.67 Million | $127.95 Million | ▲ +24.5% |
| 2023 | 0.89x | $95.34 Million | $84.69 Million | ▼ -11.7% |
| 2022 | 1.01x | $62.94 Million | $63.33 Million | ▲ +77.6% |
| 2021 | 0.57x | $62.97 Million | $35.68 Million | ▼ -79.4% |
| 2019 | 2.76x | $21.46 Million | $59.17 Million | ▲ +124.8% |
| 2018 | 1.23x | $30.77 Million | $37.73 Million | — |