Company / Operating Cash Flow
First Watch Restaurant Group, Inc. Operating Cash Flow History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$125.9M
FY2025
5-year range
-$18.4M / $125.9M
FY2021-FY2025
Trend
+8.9%
vs FY2024
Sector context
#186 of 234
Consumer Discretionary
What the data says
First Watch Restaurant Group, Inc.'s operating cash flow of $126M is lower than 79% of companies in the Consumer Discretionary sector (FY2025). Operating Cash Flow has increased for 3 consecutive years, from -$18M in FY2022 to $126M in FY2025.
Based on SEC 10-K filings.
$126M in FY2025.
Improved from $95M to $126M over the past 2 years.
Consumer Discretionary sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 21% in Consumer DiscretionaryTop 79% of 234This company $125.9M Sector average $1.7B
▼
-92.8% below sector average
Key checks
Key Insights
- First Watch Restaurant Group, Inc.'s operating cash flow has grown for 3 consecutive years.
- In FY2025, operating cash flow increased 8.9% year-over-year.
- Ranks #186 out of 234 companies in the Consumer Discretionary sector.
- Lowest operating 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $125.9M | +8.9% |
| FY2024 | $115.7M | +21.3% |
| FY2023 | $95.3M | +619.2% |
| FY2022 | -$18.4M | -185.6% |
| FY2021 | $21.5M | +216.9% |
| FY2020 | -$18.4M | -185.6% |
| FY2019 | $21.5M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026