First Watch Restaurant Group Inc (FWRG) — Capital Reinvestment Ratio
First Watch Restaurant Group Inc (FWRG) has a Capital Reinvestment Ratio of 0.90x as of September 2025, meaning it reinvests 1% of its operating cash flow ($47.88 Million) in capital expenditures ($42.88 Million). Check tangible net worth ratio of First Watch Restaurant Group Inc to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
First Watch Restaurant Group Inc Capital Reinvestment Ratio (2018–2024)
This chart tracks First Watch Restaurant Group Inc's Capital Reinvestment Ratio across 6 annual periods. For the full cash flow conversion analysis, see cash flow conversion of First Watch Restaurant Group Inc.
Annual Capital Reinvestment Ratio for First Watch Restaurant Group Inc (2018–2024)
Year-by-year Capital Reinvestment Ratio for First Watch Restaurant Group Inc from 2018 to 2024. See FWRG cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |