MCW - NASDAQ

Mister Car Wash, Inc.

MCW·NASDAQ

$7.10

+0.28%

Consumer CyclicalPersonal Products & Services

Mister Car Wash, Inc., together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc. and changed its name to Mister Car Wash, Inc. in March 2021. Mister Car Wash, Inc. was founded in 1969 and is headquartered in Tucson, Arizona.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.34B

EPS0.3200

P/E Ratio17.60

Earnings Date07/29/2026

285.70M

Operating Cash Flow

15%

3Y+25.0%

5Y+181.0%

10Y+308.0%

-206.85M

Investing Cash Flow

3Y+9.0%

5Y+1449.0%

10Y+82.0%

-117.96M

Financing Cash Flow

42794%

3Y-1974.0%

5Y-620.0%

10Y-360.0%

Mister Car Wash, Inc. Cash Conversion Engine

MCW · NASDAQ

FCF Components

Net Income103.08M

Depreciation & Amortization88.20M

Stock-Based Compensation26.63M

Change in Working Capital8.40M

Others23.61M

Capital Expenditures-255.40M

Free Cash Flow30.30M

Cash Flow Quality Analysis

FCF Conversion Rate

29.4%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

89.4%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+137.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$8.40M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

Mister Car Wash, Inc. Cash Flow Statement

MCW • NASDAQ

Mister Car Wash, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
OPERATING ACTIVITIES
Net Income	103.1M	70.2M	80.1M	112.9M	-22M	60.4M	920K
Depreciation & Amortization	88.2M	81.4M	70M	61.6M	50.6M	45.3M	39.5M
Change in Deferred Taxes	35.8M	30.1M	18.1M	29.4M	-27.3M	21.6M	-4.4M
Stock-Based Compensation	26.6M	25.6M	24M	22.3M	216.6M	1.5M	2.4M
Other Non-Cash Items	23.6M	65.5M	46.9M	41.5M	17.2M	-551K	19.1M
Cash Taxes Paid	(0.0)	(2.5M)	(4.2M)	(2.2M)	(8.9M)	(7.4M)	(1.6M)
Change in Working Capital	8.4M	-24.2M	-34.5M	-38.5M	-61.6M	-26.4M	12.6M
Cash from Operating Activities	285.7M	248.6M	204.7M	229.2M	173.4M	101.8M	70.1M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-255.4M	-330.1M	-328.1M	-191.6M	-125.8M	-58.7M	-74.6M
Acquisitions, Net	(0.0)	(0.0)	-51.2M	-86.7M	-514M	(21.8M)	-82.5M
Other Investing Items	48.6M	130.2M	120M	88.2M	95.9M	23.6M	43.3M
Cash from Investing Activities	-206.8M	-199.9M	-259.4M	-190.1M	-543.8M	-13.4M	-113.8M
FINANCING ACTIVITIES
Net Issuance of Common Stock	5.5M	-12.8M	0.0	0.0	489.3M	-372K	-619K
Net Issuance of Debt	-169.2M	18.4M	-668K	-2.7M	-167.5M	23M	252M
Cash Paid for Dividends	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-194.7M
Share Repurchases	(0.0)	-19.3M	(0.0)	(0.0)	-308K	-372K	-619K
Other Financing Items	45.7M	-5.9M	9.3M	9M	-49.4M	46K	-11.9M
Cash from Financing Activities	-118M	-275K	8.6M	6.3M	272.5M	22.7M	45.4M
CASH FLOW SUMMARY
Net Change in Cash	-39.1M	48.5M	-46.1M	45.4M	-98M	111.2M	1.7M
Cash at Beginning of Period	67.6M	19.1M	65.2M	19.9M	117.9M	6.7M	5.1M
Cash at End of Period	28.5M	67.6M	19.1M	65.2M	19.9M	117.9M	6.7M
Free Cash Flow	30.3M	-81.5M	-123.5M	37.6M	47.6M	43.1M	-4.5M

SEC Filings

MCW - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 19, 2026	May 19, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
10-K/A 10-K/A 2025 FY (Amended) FY	April 28, 2026	December 31, 2025	2025	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 17, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 31, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 29, 2025	October 29, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	August 01, 2025	June 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	July 30, 2025	July 30, 2025	2025	View Filing

Showing 1 to 10 of 71 filings

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