Mister Car Wash, Inc. (MCW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 79.66M | 108.03M | 91.36M | 46.83M | 87.55M | 49.78M | 79.96M | 60.89M | 57.99M | 39.17M | 48.36M | 50.1M | 67.02M | 43.75M | 50.84M | 53.07M | 81.54M | 20.05M | 33.63M | 68.09M |
| Operating CF Margin % | 28.66% | 41.35% | 34.68% | 17.64% | 33.46% | 19.82% | 32.07% | 23.88% | 24.25% | 17.02% | 20.66% | 21.15% | 29.66% | 20.41% | 23.37% | 23.57% | 37.16% | 10.47% | 17.31% | 34.55% |
| Operating CF Growth % | -9.01% | 117.01% | 14.25% | -23.1% | 50.97% | 27.1% | 65.33% | 21.53% | -13.47% | -10.47% | -4.87% | -5.59% | -17.81% | 118.25% | 51.15% | -22.05% | 58.06% | -16.22% | - | - |
| Net Income | 34.18M | 20.07M | 27.41M | 28.59M | 27M | 9.17M | 22.34M | 22.09M | 16.64M | 12.38M | 19.48M | 27.13M | 21.14M | 17.76M | 24M | 35.66M | 35.49M | 36.3M | 27.37M | -110.3M |
| Depreciation & Amortization | 23.43M | 23.15M | 22.4M | 21.74M | 20.92M | 20.33M | 21.18M | 20.26M | 19.59M | 18.57M | 17.6M | 16.51M | 17.31M | 16.31M | 15.19M | 15.14M | 14.95M | 14.03M | 12.98M | 11.9M |
| Stock-Based Compensation | 6.84M | 6.81M | 6.6M | 7.27M | 6.84M | 6.72M | 6.69M | 5.91M | 6.25M | 6.36M | 6.29M | 5.99M | 5.36M | 5.35M | 5.46M | 5.98M | 5.52M | 6.29M | 6.75M | 203.23M |
| Deferred Taxes | 10.98M | 0 | 0 | 9.65M | 7.48M | 4.24M | 5.94M | 12.05M | 7.85M | 3.39M | 3.69M | 5.63M | 5.43M | 7.86M | 7.54M | 8.96M | 5.02M | 5.92M | 5.19M | -45.54M |
| Other Non-Cash Items | 15.04M | 32.98M | 28.61M | 13.9M | 13.93M | 26.67M | 10.85M | 15.32M | 12.68M | 15.77M | 13.25M | 6.79M | 11.1M | 14.01M | 9.95M | 7.1M | 10.48M | -7.88M | 10.3M | 5M |
| Working Capital Changes | -10.81M | 25.02M | 6.33M | -34.32M | 11.38M | -17.35M | 12.95M | -14.74M | -5.01M | -17.3M | -11.95M | -11.96M | 6.69M | -17.53M | -11.3M | -19.77M | 10.09M | -34.61M | -28.96M | 3.8M |
| Change in Receivables | -2.28M | 1.01M | 1.11M | -3.94M | 2.32M | 9.43M | 4.53M | -3.8M | -4.27M | 259K | -588K | -5.21M | 4.14M | -1.72M | -746K | -2.82M | 10.25M | -13.04M | -1.17M | -3.2M |
| Change in Inventory | 430K | -70K | 30K | -176K | 490K | -237K | 368K | 1.79M | 1.3M | 269K | -817K | -41K | 946K | -230K | -1.74M | -27K | -665K | -310K | 809K | -248K |
| Change in Payables | -2M | -4.99M | 5.22M | -3.21M | 5.68M | -8.26M | 8.38M | 907K | 2.34M | -3.89M | -1.82M | 3.04M | 2.55M | -791K | 287K | 458K | 5.68M | -2.2M | -10.9M | 11.78M |
| Cash from Investing | -46.5M | -35.04M | -60.47M | -56.37M | -54.96M | 23.61M | -78.82M | -67.7M | -76.94M | -85.71M | -123.42M | 12.93M | -63.16M | -56.35M | -14.02M | -89.75M | -30.01M | -453.37M | -23.81M | -37.94M |
| Capital Expenditures | -46.69M | -76.75M | -65.54M | 0 | -55.08M | -70.18M | -96.8M | -81.25M | -81.84M | -109.43M | -90.82M | -55.81M | -72.06M | -59.6M | -55.62M | -46.38M | -30.02M | -39.43M | -42.14M | -11.89M |
| CapEx % of Revenue | 16.8% | 29.38% | 24.88% | 21.86% | 21.05% | 27.94% | 38.82% | 31.86% | 34.22% | 47.55% | 38.8% | 23.56% | 31.89% | 27.81% | 25.56% | 20.6% | 13.68% | 20.6% | 21.68% | 6.03% |
| Acquisitions | 187K | 41.7M | 5.07M | 0 | 0 | 0 | 0 | 0 | 0 | 672K | -46.91M | 0 | 0 | -21.17M | -18.49M | 0 | 0 | -458.93M | -10.42M | -44.65M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -56.37M | 120K | 93.8M | 17.98M | 13.55M | 4.9M | 23.05M | 14.31M | 68.74M | 8.9M | 24.42M | 60.09M | -43.37M | 1K | 44.99M | 28.74M | 18.61M |
| Cash from Financing | -6.84M | -80.24M | -21.74M | -3.12M | -60.91M | -22.41M | 11.73M | -257K | 10.65M | 3.42M | 1.06M | 3.23M | 894K | 2.87M | 358K | 4.01M | -953K | 290.68M | -5.66M | -10.23M |
| Debt Issued (Net) | -7.21M | -79.27M | -22.2M | -5.19M | -62.5M | -24.5M | 11.5M | 7.82M | 23.62M | -176K | -168K | -163K | -161K | -156K | -147K | -140K | -2.23M | 289.87M | -2.22M | -452.89M |
| Equity Issued (Net) | 372K | 1.42M | 454K | 2.08M | 0 | 0 | 0 | 0 | -9.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.55M | 483.51M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109K |
| Other Financing | 0 | -2.4M | 0 | 0 | 1.59M | 2.1M | 237K | -8.07M | -3.04M | 3.6M | 1.23M | 3.39M | 1.05M | 3.03M | 505K | 4.16M | 1.28M | 814K | -5.99M | -40.85M |
| Net Change in Cash | 26.32M | -7.32M | 9.02M | -12.88M | -28.32M | 50.99M | 12.87M | -7.06M | -8.3M | -43.12M | -73.99M | 66.26M | 4.75M | -9.72M | 37.18M | -32.67M | 50.58M | -142.65M | 4.16M | 19.92M |
| Free Cash Flow | 32.97M | 31.28M | 25.81M | -11.2M | 32.47M | -20.4M | -16.84M | -20.36M | -23.85M | -70.27M | -42.46M | -5.7M | -5.04M | -15.85M | -4.78M | 6.69M | 51.53M | -19.39M | -8.5M | 56.19M |
| FCF Margin % | 11.86% | 11.97% | 9.8% | -4.22% | 12.41% | -8.12% | -6.75% | -7.98% | -9.97% | -30.53% | -18.14% | -2.41% | -2.23% | -7.4% | -2.2% | 2.97% | 23.48% | -10.13% | -4.38% | 28.51% |
| FCF Growth % | 1.56% | 253.33% | 253.27% | 44.98% | 236.12% | 70.96% | 60.33% | -256.94% | -373.11% | -343.23% | -788.84% | -185.3% | -109.78% | 18.24% | 43.81% | -88.1% | 167.16% | -389.95% | - | - |
| FCF per Share | 0.10 | 0.09 | 0.08 | -0.03 | 0.10 | -0.06 | -0.05 | -0.06 | -0.07 | -0.21 | -0.13 | -0.02 | -0.02 | -0.05 | -0.01 | 0.02 | 0.16 | -0.06 | -0.03 | 0.21 |
| FCF Conversion (FCF/Net Income) | 2.33x | 5.38x | 3.33x | 1.64x | 3.24x | 5.43x | 3.58x | 2.76x | 3.49x | 3.16x | 2.48x | 1.85x | 3.17x | 2.46x | 2.12x | 1.49x | 2.30x | 0.55x | 1.23x | -0.62x |
| Interest Paid | 0 | 13.66M | 0 | 25.21M | 7.03M | 17.69M | 20.79M | 20.41M | 19.23M | 19.57M | 25.88M | 18.58M | 11.7M | 14.71M | 9.77M | 8.31M | 7.82M | 5.99M | 5.56M | 13.43M |
| Taxes Paid | 0 | 245K | 0 | 2.14M | 60K | 262K | 86K | 1.92M | 264K | 1.81M | 909K | 1.35M | 151K | -195K | 625K | 1.79M | 0 | 860K | 2.44M | 5.49M |