First Watch Restaurant Group Inc (FWRG) — Cash Flow Reinvestment Rate
First Watch Restaurant Group Inc (FWRG) has a Cash Flow Reinvestment Rate of 1.79x as of September 2025, reinvesting $85.80 Million (capex $42.88 Million plus investments $-42.92 Million) from operating cash flow of $47.88 Million. Check First Watch Restaurant Group Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
First Watch Restaurant Group Inc Cash Flow Reinvestment Rate (2018–2024)
Historical reinvestment intensity for First Watch Restaurant Group Inc across 6 annual periods. Explore First Watch Restaurant Group Inc cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Annual Cash Flow Reinvestment Rate for First Watch Restaurant Group Inc (2018–2024)
Year-by-year capital reinvestment analysis for First Watch Restaurant Group Inc. For live market cap and broader valuation context, see market value of First Watch Restaurant Group Inc.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 2.89x | $334.60 Million | $115.67 Million | $127.95 Million | ▲ +49.3% |
| 2023 | 1.94x | $184.73 Million | $95.34 Million | $84.69 Million | ▼ -3.6% |
| 2022 | 2.01x | $126.44 Million | $62.94 Million | $63.33 Million | ▲ +77.3% |
| 2021 | 1.13x | $71.36 Million | $62.97 Million | $35.68 Million | ▼ -82.8% |
| 2019 | 6.59x | $141.56 Million | $21.46 Million | $59.17 Million | ▲ +437.9% |
| 2018 | 1.23x | $37.73 Million | $30.77 Million | $37.73 Million | — |