Company / Free Cash Flow
First Watch Restaurant Group, Inc. Free Cash Flow History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
-$31.0M
FY2025
5-year range
-$45.1M / $12.0M
FY2021-FY2025
Trend
-153.2%
vs FY2024
Sector context
#209 of 222
Consumer Discretionary
What the data says
Among 222 Consumer Discretionary companies, First Watch Restaurant Group, Inc. is in the bottom 6% for free cash flow. Free Cash Flow has fluctuated over the past 7 years, ranging from -$45M in FY2022 to $12M in FY2023.
Based on SEC 10-K filings.
-$31M in FY2025.
Declined from $12M to -$31M over the past 2 years.
Consumer Discretionary sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 6% in Consumer DiscretionaryTop 94% of 222This company -$31.0M Sector average $770.4M
▼
-104.0% below sector average
Key checks
Key Insights
- In FY2025, free cash flow decreased 153.2% year-over-year.
- Ranks #209 out of 222 companies in the Consumer Discretionary sector.
- Peak free cash flow was recorded in FY2023.
- Lowest free cash flow in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.92 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$31.0M | -153.2% |
| FY2024 | -$12.2M | -201.9% |
| FY2023 | $12.0M | +126.6% |
| FY2022 | -$45.1M | -19.7% |
| FY2021 | -$37.7M | +16.4% |
| FY2020 | -$45.1M | -19.7% |
| FY2019 | -$37.7M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026