First Watch Restaurant Group, Inc. (FWRG)

12.05USD +2.99% (+0.35)

Over 1M: -3.0%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

12 12.5 13
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '23 — Revenue: 219.2M Q3 '23 — Cost of Revenue: 17.6M Q4 '23 — Revenue: 244.6M Q4 '23 — Cost of Revenue: 18.4M Q1 '24 — Revenue: 242.4M Q1 '24 — Cost of Revenue: 19.2M Q2 '24 — Revenue: 258.6M Q2 '24 — Cost of Revenue: 20.5M Q3 '24 — Revenue: 251.6M Q3 '24 — Cost of Revenue: 21.1M Q4 '24 — Revenue: 263.3M Q4 '24 — Cost of Revenue: 22M Q1 '25 — Revenue: 282.2M Q1 '25 — Cost of Revenue: 23.1M Q2 '25 — Revenue: 307.9M Q2 '25 — Cost of Revenue: 24.8M Q3 '25 — Revenue: 316M Q3 '25 — Cost of Revenue: 25.9M Q4 '25 — Revenue: 316.4M Q4 '25 — Cost of Revenue: 26.9M Q1 '26 — Revenue: 331M Q1 '26 — Cost of Revenue: 27.4M Q2 '26 — Revenue: 354.7M Q2 '26 — Cost of Revenue: 28.3M 0 80M 160M 240M 320M 400M
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Cost of Revenue

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.0
SBC / sales 0.97%
ROIC 2.5%
OE margin -2.6%
Accruals -6.1%
Gross margin 91.8%
OCF / EBIT 4.5×
OCF margin 9.7%
ROA 0.98%
ROCE 1.7%
ROE 2.8%
FCF margin -1.6%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

3.0
EV/EBIT 36.0×
EV/OE -30.2×
EV/Sales 0.77×
P/B 1.2×
FCF yield -2.8%
P/C 36.3×
P/E 41.8×
Div. yield —
EV/GP —
Fwd P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

5.2
RPO / sales 0.0033×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

2.5
ND/EBITDA -0.27
Current ratio 0.27×
Payout 0.0%
Net debt / Eq 0.43×
Debt / Eq 0.46×
Cash / Debt 0.07×
F-score 4.0 pts
Quick ratio 0.22×
Cash runway —
Debt payback —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.0
Sales CAGR 4Y +19.4%
Sales/sh Y/Y +18.3%
EBIT Y/Y +51.7%
EPS Y/Y +332.2%
EBIT CAGR +15.7%
Sales Q/Q +15.2%
Shares change +0.79%
Div. growth —
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.