First Watch Restaurant Group Inc Cash Flow Conversion Efficiency
First Watch Restaurant Group Inc cash flow conversion efficiency. Based on the latest financial reports, First Watch Restaurant Group Inc (FWRG) has a cash flow conversion efficiency ratio of 0.043x as of June 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($27.44 Million) by net assets ($634.17 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see how much is First Watch Restaurant Group Inc worth for the company's overall valuation and market capitalisation.
Cash Flow Conversion Efficiency of First Watch Restaurant Group Inc (2018–2025)
Cash flow conversion efficiency of First Watch Restaurant Group Inc from 2018 to 2025. This chart illustrates how First Watch Restaurant Group Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. View FWRG stock price for real-time trading data and today's change.
First Watch Restaurant Group Inc Cash Flow Conversion Ratio Explained
First Watch Restaurant Group Inc cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
First Watch Restaurant Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of First Watch Restaurant Group Inc ranked by their cash flow conversion efficiency. Review FWRG FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Lincoln Educational Services
NASDAQ:LINC
|
0.109x |
|
SGSG Science&technology Co Ltd Zhuhai
SHE:300561
|
0.008x |
|
Cannae Holdings Inc
NYSE:CNNE
|
-0.003x |
|
Xvivo Perfusion AB
ST:XVIVO
|
0.029x |
|
REVO INSURANCE SPA O.N.
F:H0O
|
N/A |
|
Oscotec Inc
KQ:039200
|
0.222x |
|
Zhejiang Hongchang Electrical Technology Co. Ltd.
SHE:301008
|
0.052x |
|
SK Discovery Co Ltd
KO:006120
|
-0.012x |
Annual Cash Flow Conversion Efficiency for First Watch Restaurant Group Inc (2018–2025)
The table below shows the annual cash flow conversion efficiency of First Watch Restaurant Group Inc from 2018 to 2025. Also see First Watch Restaurant Group Inc (FWRG) total assets for a full breakdown of the balance sheet.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $626.28 Million | $125.91 Million | 0.201x | +3.48% |
| 2024-12-31 | $595.39 Million | $115.67 Million | 0.194x | +14.38% |
| 2023-12-31 | $561.28 Million | $95.34 Million | 0.170x | +41.19% |
| 2022-12-31 | $523.13 Million | $62.94 Million | 0.120x | -3.63% |
| 2021-12-31 | $504.43 Million | $62.97 Million | 0.125x | +318.12% |
| 2020-12-31 | $320.87 Million | $-18.36 Million | -0.057x | -187.93% |
| 2019-12-31 | $329.80 Million | $21.46 Million | 0.065x | -20.76% |
| 2018-12-31 | $374.67 Million | $30.77 Million | 0.082x | -- |
About First Watch Restaurant Group Inc
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.