First Watch Restaurant Group Inc (FWRG) — Cash Flow Quality Index
First Watch Restaurant Group Inc (FWRG) has a Cash Flow Quality Index of 16.01x as of September 2025. Operating cash flow of $47.88 Million exceeds net income of $2.99 Million, indicating high earnings quality where cash backs reported profits. Explore First Watch Restaurant Group Inc cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Watch Restaurant Group Inc Cash Flow Quality Index (2022–2024)
Historical Cash Flow Quality Index for First Watch Restaurant Group Inc across 3 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of First Watch Restaurant Group Inc.
Annual Cash Flow Quality Index for First Watch Restaurant Group Inc (2022–2024)
Year-by-year earnings quality comparison for First Watch Restaurant Group Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 6.11x | $115.67 Million | $18.93 Million | ▲ +62.7% |
| 2023 | 3.76x | $95.34 Million | $25.39 Million | ▼ -58.8% |
| 2022 | 9.11x | $62.94 Million | $6.91 Million | — |