First Watch Restaurant Group, Inc. (FWRG)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 342 | 601 | 730 | 892 | 1,016 | 1,223 | 1,318 | 1,389 |
| Operating profit | $m | 34 | 56 | ||||||
| Net profit | $m | -50 | -2 | 7 | 25 | 19 | 19 | 18 | 8 |
| EPS reported | $ | 0.31 | 0.28 | ||||||
| Operating cashflow per share | $ | 2.07 | 2.08 | ||||||
| Capex per share | $ | 2.57 | 2.42 | ||||||
| FCF per share | $ | -0.51 | -0.34 | ||||||
| Free cash flow | $m | -31 | -21 | ||||||
| Net debt | $m | 261 | 272 | ||||||
| Book value equity | $m | 626 | 634 | ||||||
| Book value per share | $ | 9.97 | 10.18 | ||||||
| Number of shares | m | 62.84 | 62.3 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 51.32 | 35.76 | ||||||
| P/B LTM | x | 1.50 | 1.48 | ||||||
| P/S LTM | x | 0.77 | 0.71 | ||||||
| P/FCF LTM | x | -30.35 | -44.84 | ||||||
| EV/EBITDA LTM | x | 18.57 | 18.75 | ||||||
| EV/Sales LTM | x | 1.58 | 1.39 | ||||||
| Earnings Yield LTM | % | +1.95% | +2.80% | ||||||
| FCF Yield | % | -3.29% | -2.23% | ||||||
| Quality | |||||||||
| ROE | % | +3.10% | +2.85% | ||||||
| ROIC | % | +2.03% | +3.23% | ||||||
| Operating margin | % | +2.76% | +4.25% | ||||||
| Gross margin | % | +13.04% | +33.70% | ||||||
| FCF/Sales | % | -2.54% | -1.59% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +3.33% | -6.67% | ||||||
| Sales Growth YoY | % | +20.34% | +29.74% | ||||||
| Net Income Growth YoY | % | +2.68% | -5.90% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -13.20% | +44.02% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -0.03 | -0.02 | ||||||
| Net Debt/EBITDA | x | 9.51 | 10.24 | ||||||
| EBIT/Net interest | x | 2.02 | 6.06 | ||||||
| Net debt/market cap | % | +30.02% | +37.27% | ||||||
| Net debt/Equity | x | 0.42 | 0.43 | ||||||
| Gross debt/equity | x | 1.61 | 1.69 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
First Watch Restaurant Group, Inc. oversees and licenses restaurant operations under the First Watch brand. As of March 23, 2022, its extensive presence included 341 company-owned eateries and 94 franchised outlets, operating across 28 U.S. states. The enterprise, established in 1983 with its main office in Bradenton, Florida, previously traded as AI Fresh Super Holdco, Inc. before changing its designation to First Watch Restaurant Group, Inc. in December 2019.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
First Watch Restaurant Group, Inc. (FWRG)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
First Watch Restaurant Group, Inc. oversees and licenses restaurant operations under the First Watch brand. As of March 23, 2022, its extensive presence included 341 company-owned eateries and 94 franchised outlets, operating across 28 U.S. states. The enterprise, established in 1983 with its main office in Bradenton, Florida, previously traded as AI Fresh Super Holdco, Inc. before changing its designation to First Watch Restaurant Group, Inc. in December 2019.
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