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. See FWRG free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see cash flow conversion of First Watch Restaurant Group Inc.
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. See FWRG financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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 | — |