First Watch Restaurant Group Inc (FWRG) — Free Cash Flow Generation Index
First Watch Restaurant Group Inc (FWRG) has a Free Cash Flow Generation Index of 0.10x as of September 2025. Free cash flow of $5.01 Million represents 0% of operating cash flow ($47.88 Million). Explore capital reinvestment ratio of First Watch Restaurant Group Inc to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
First Watch Restaurant Group Inc Free Cash Flow Generation Index (2018–2024)
Historical FCF Generation Index trend for First Watch Restaurant Group Inc across 6 annual periods. For the full cash flow conversion analysis, see FWRG cash flow metrics.
Annual Free Cash Flow Generation for First Watch Restaurant Group Inc (2018–2024)
Year-by-year Free Cash Flow Generation Index for First Watch Restaurant Group Inc. Check FWRG total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | -0.11x | $-12.28 Million | $115.67 Million | $127.95 Million | ▼ -195.0% |
| 2023 | 0.11x | $10.65 Million | $95.34 Million | $84.69 Million | ▲ +1888.9% |
| 2022 | -0.01x | $-393.00K | $62.94 Million | $63.33 Million | ▼ -101.4% |
| 2021 | 0.43x | $27.29 Million | $62.97 Million | $35.68 Million | ▲ +124.7% |
| 2019 | -1.76x | $-37.70 Million | $21.46 Million | $59.17 Million | ▼ -677.4% |
| 2018 | -0.23x | $-6.95 Million | $30.77 Million | $37.73 Million | — |