First Watch Restaurant Group, Inc. (FWRG)

NMS – Real Time Price. Currency in USD

12.42

+0.64 (5.43%)

Market open: Aug 12, 2026, 12:17 PM EDT

11.78

0.00 (0.00%)

Previous after-hours: Aug 11, 2026, 7:34 PM EDT

Stock details

Previous close: 11.78$
Day's range: 11.53 - 12.16$
52-week range: 9.97 - 19.53$
Volume: 1 055 571
Average volume: 1 502 771
Beta: 1.69
EPS (TTM): 0.29
PE ratio (TTM): 42.28
Forward P/E: 102.48
Market cap: 726 972 443
Shares outstanding: 61 712 431
Dividend yield: N/A
Next earnings date: 2026-11-09
Sector: Consumer Discretionary
Industry: Restaurants

About the company

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

CEO: Christopher Tomasso
Country: United States
IPO Date: 2021-10-01
Employees: 17500
Fiscal Year End: January - December
Website: https://www.firstwatch.com

Revenue Breakdown

Restaurant - In-restaurant Dining / 80.36%

Restaurant - Third-party Delivery / 11.64%

Restaurant - Take-out / 7.16%

News

No Data

There are no news for this stock.

Chart: FWRG

Loading Chart...

Overall Score

3.3 / 1033%

Octagon View

Strength & Weakness

Cash reserves $0.0 barely cover the upcoming debt maturities $0.0

Total current assets $47.5M are just enough to cover Total current liabilities $0.0, indicating tight liquidity

Debt-to-equity ratio (0.0) is near the industry average, reflecting balanced leverage

The company has no interest-bearing debt, showcasing excellent financial strength

Financial Strength

NAME	RATIO	INDUSTRY	SCORE
Current ratio	N/A	1.80	1.0
Quick ratio	N/A	0.96	1.0
Debt to Equity	N/A	0.52	1.0
Debt to Assets	N/A	0.76	1.0
Interest coverage	N/A	33.36	10
Weighted average score			2.8

Debt to Assets

Financial

Values in USD
(B=Billions, M=Millions, K=Thousands)

Values in USD (B=Billions, M=Millions, K=Thousands)

METRIC	2022	2023	2024	2025	TTM
Total Revenue	730M	892M	1.02B	1.22B	963M
Gross Profit	106M	149M	155M	159M	128M
Operating Income	24M	48M	45M	34M	24M
Net Income	7M	25M	19M	19M	15M
EBITDA	74M	90M	103M	109M	86M

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

NAME	RATIO	INDUSTRY	SCORE
Gross margin %	N/A	38.24	1.0
Operating margin %	N/A	-0.25	1.0
Net margin %	N/A	-89.58	1.0
EBITDA margin %	N/A	-1.24	1.0
Cash flow margin %	N/A	-0.58	1.0
Weighted average score			1.0

Net Margin

Effectiveness

NAME	RATIO	INDUSTRY	SCORE
ROA	0.67	3.03	2.0
ROE	1.89	-17.62	2.0
ROIC	0.80	1.41	2.0
ROCE	0.52	100.38	2.0
Weighted average score			2.0

Estimated EPS vs Actual EPS

Forecast

NAME	REVENUE GROWTH	EPS GROWTH	SCORE
Current quarter	10.26	-24.43	4.0
Next quarter	11.61	-71.74	4.0
Current year	13.42	-62.92	4.5
Next year	11.63	126.35	8.5
Weighted average score			5.3

Analyst Rating

Growth

NAME	REVENUE	NET INCOME	EPS	FCF	SCORE
Q/Q	4.62	-117.7	200	127.87	6.3
Y/Y	17.26	-223.87	33.33	131.15	7.5
3y average	18.8	81.59	83.08	346.44	9.8
5y average	30.69	153.67	156.06	219.7	10
Weighted average score					8.4

Revenue Growth Rate vs. Industry

Valuation

NAME	RATIO	INDUSTRY	SCORE
P/E	43.00	19.34	2.8
PEG (5yr expected)	N/A	1.99	1.0
P/S	0.57	1.98	8.8
P/B	1.17	1.58	7.0
Weighted average score			4.9

DCF Model

DCF Model Period5 years

Discount rate9%

Perpetual growth rate3%

Revenue 5 year CAGR21.79%

FCF 5 year CAGR4

Fair value1.87$

Stock price11.78$

Dividend

NAME	CURRENT	INDUSTRY	SCORE
Dividend yield	0.00	N/A	1.0
Payout ratio	0.00	N/A	1.0
5-year dividend growth rate	N/A	N/A	1.0
Years of dividend increase	N/A	N/A	1.0
Weighted average score			1.0

Fair Value

$1.87

UndervaluedStock priceOvervalued

$11.78

Economic Moat

NAME	SCALE	SCORE
Market share	None	1.0
Intangible assets	None	1.0
Switching costs	None	1.0
Network effect	None	1.0
Economies of scale	None	1.0
Weighted average score		1.0

About the company

CEO

Christopher Tomasso

Country

United States

IPO Date

2021-10-01

Employees

17500

Fiscal Year End

January - December

Website

https://www.firstwatch.com

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

Current ratio

N/A

1.80

1.0

Quick ratio

N/A

0.96

1.0

Debt to Equity

N/A

0.52

1.0

Debt to Assets

N/A

0.76

1.0

Interest coverage

N/A

33.36

Weighted average score

2.8

METRIC

2022

2023

2024

2025

TTM

Total Revenue

730M

892M

1.02B

1.22B

963M

Gross Profit

106M

149M

155M

159M

128M

Operating Income

24M

48M

45M

34M

24M

Net Income

25M

19M

15M

EBITDA

74M

90M

103M

109M

86M

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

Gross margin %

N/A

38.24

1.0

Operating margin %

N/A

-0.25

1.0

Net margin %

N/A

-89.58

1.0

EBITDA margin %

N/A

-1.24

1.0

Cash flow margin %

N/A

-0.58

1.0

Weighted average score

1.0

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

ROA

0.67

3.03

2.0

ROE

1.89

-17.62

2.0

ROIC

0.80

1.41

2.0

ROCE

0.52

100.38

2.0

Weighted average score

2.0

NAME

REVENUE GROWTH

EPS GROWTH

SCORE

Current quarter

10.26

-24.43

4.0

Next quarter

11.61

-71.74

4.0

Current year

13.42

-62.92

4.5

Next year

11.63

126.35

8.5

Weighted average score

5.3

NAME

REVENUE

NET INCOME

EPS

FCF

SCORE

Q/Q

4.62

-117.7

200

127.87

6.3

Y/Y

17.26

-223.87

33.33

131.15

7.5

3y average

18.8

81.59

83.08

346.44

9.8

5y average

30.69

153.67

156.06

219.7

Weighted average score

8.4

NAME

RATIO

INDUSTRY

5Q TREND

SCORE

P/E

43.00

19.34

2.8

PEG (5yr expected)

N/A

1.99

1.0

P/S

0.57

1.98

8.8

P/B

1.17

1.58

7.0

Weighted average score

4.9

NAME

CURRENT

INDUSTRY

SCORE

Dividend yield

0.00

N/A

1.0

Payout ratio

0.00

N/A

1.0

5-year dividend growth rate

N/A

1.0

Years of dividend increase

N/A

1.0

Weighted average score

1.0

NAME

SCALE

SCORE

Market share

None

1.0

Intangible assets

None

1.0

Switching costs

None

1.0

Network effect

None

1.0

Economies of scale

None

1.0

Weighted average score

1.0

Search stocks

First Watch Restaurant Group, Inc. (FWRG)

Get all premium features to the best stock analysis tool

Finranks

Company

Contact us

Follow us

First Watch Restaurant Group, Inc. (FWRG)

Stock details

About the company

Revenue Breakdown

News

Chart: FWRG

Overall Score

Octagon View

Strength & Weakness

Financial Strength

Debt to Assets

Financial

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

Net Margin

Effectiveness

Estimated EPS vs Actual EPS

Forecast

Analyst Rating

Growth

Revenue Growth Rate vs. Industry

Valuation

DCF Model

Dividend

Fair Value

$1.87

$11.78

Economic Moat

Stock details

About the company

Revenue Breakdown

News

Chart: FWRG

Overall Score

Octagon View

Strength & Weakness

Financial Strength

Debt to Assets

Financial

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

Net Margin

Effectiveness

Estimated EPS vs Actual EPS

Forecast

Analyst Rating

Growth

Revenue Growth Rate vs. Industry

Valuation

DCF Model

Dividend

Fair Value

$1.87

$11.78

Economic Moat