European Wax Center, Inc.

EWCZNASDAQConsumer Defensive

$5.82

+$0.00(+0.00%)

Market Cap$319137820

P/E Ratio—

52W High$6.515

52W Low$3.24

Avg Volume760K

Open$5.82

Beta1.33

Free Cash Flow Financials Revenue

European Wax Center, Inc. (EWCZ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EWCZ · free cash flow · updated Jun 8, 2026

Core FCF metrics

EWCZ · FCF · TTM · margin & CAGR

Free cash flow was $50.1M for FY2026 (fiscal year ending 2026-01-03), down 10.5% year-over-year The FCF margin was 24.2%.

FY2026 Free Cash Flow$50.1M▼ -10.5% YoY

Trailing 12M (TTM)$36.9Mtrailing 4 quarters sum

FCF Margin24.2%$50.1M ÷ revenue

3-Year CAGR+4.3%FY2023 → FY2026

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EWCZ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$53.0M(3M)$50.1M▼ 10.5%24.2%

FY2025$56.5M(1M)$56.0M▲ +2.1%25.8%

FY2024$55.6M(1M)$54.8M▲ +24.3%24.8%

FY2022$44.4M(0M)$44.1M▲ +33.1%21.3%

FY2021$41.3M(8M)$33.1M▲ +193.5%18.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EWCZ · P/FCF · FCF yield · FCF per share

European Wax Center, Inc. (EWCZ) trades at a FCF yield of 11.58% and a price-to-free-cash-flow ratio of 6.8x. FCF per share stands at $0.85, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.58%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.85

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x6.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-03

Cash flow statement summary

EWCZ · cash flow statement · operating / investing / financing

For FY2026, European Wax Center, Inc. generated $53.0M in operating cash flow and spent 3M in capital expenditures, yielding $50.1M in free cash flow.

Operating Activities

+$53.0M

Cash from core business operations

2026-01-03

Investing Activities

−$2.9M

CapEx, acquisitions & investments

2026-01-03

Financing Activities

−$23.8M

Buybacks, dividends & debt

2026-01-03

FCF FormulaOperating CF ($53.0M) − |CapEx| (3M) = FCF ($50.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

EWCZ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

European Wax Center, Inc.YOU

EWCZ

$50.1M-10.5%24.2%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

European Wax Center, Inc. (EWCZ) reported free cash flow of $50.1M for FY2026 (fiscal year ending 2026-01-03), down 10.5% year-over-year. The FCF margin was 24.2%.

Based on available data, European Wax Center, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $56.0M in FY2025.

European Wax Center, Inc.'s FCF yield is 11.58% and price-to-FCF ratio is 6.8x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EWCZ free cash flow · 8 questions

European Wax Center, Inc. free cash flow was $50.1M for FY2026, down 10.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $36.9M.

EWCZ free cash flowEWCZ FCFEWCZ FCF 2026EWCZ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · European Wax Center, Inc. · European Wax Center, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026