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First Watch Restaurant Group, Inc.
Nasdaq · CIK 1789940
Last close10.57
Daily change+0.34 (3.32%)
10 Years gain-52.24%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
FWRG · STANDARD
SIC 5812 · Retail-Eating Places · Fiscal year end 1228
Fundamental
39.3Momentum
42.6Acceleration
42.8Confidence
85.0Annual Revenue7
Quarterly Revenue20
Annual CFO7
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth14.6 / 25
Quality11.2 / 25
Capital Efficiency2.3 / 20
Balance Sheet0.0 / 15
Shareholder Economics6.3 / 10
Forward Indicators5.0 / 5
Signals
Net debt reductionNet debt declined versus the comparison period.
Key Metrics
Revenue Growth TTM26.54%OK
Revenue CAGR 3Y18.74%OK
Gross Marginn/aMISSING
Operating Margin2.02%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC2.85%OK
Incremental Operating Margin 3Y-0.04%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y2.52%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 28, 2025 | $1.22B | n/a | $27.51M | $125.91M | -$30.99M | n/a | 2.25% | -2.54% | 3.06% | 62.84M |
| 2025 FY Dec 29, 2024 | $1.02B | n/a | $38.91M | $115.67M | -$12.24M | n/a | 3.83% | -1.21% | 4.89% | 62.35M |
| 2025 FY Dec 31, 2023 | $891.55M | n/a | $41.27M | $95.34M | $12.01M | n/a | 4.63% | 1.35% | 5.9% | 61.19M |
| 2024 FY Dec 25, 2022 | $730.16M | n/a | $16.91M | $62.94M | $718,000.00 | n/a | 2.32% | 0.1% | 2.37% | 60.14M |
| 2023 FY Dec 26, 2021 | $601.19M | n/a | $22.24M | $62.97M | $27.66M | n/a | 3.7% | 4.6% | 3.94% | 48.21M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $1.31B | sum latest 4 fiscal quarters Revenue | OK | 0001789940-26-000090, 0001789940-25-000086 |
| Revenue Growth TTM | 26.54% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001789940-26-000090, 0001789940-25-000086 |
| Revenue CAGR 3Y | 18.74% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001789940-26-000014 |
| Revenue CAGR 5Y | 28.99% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001789940-26-000014 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | derived |
| Operating Income Growth | -26.74% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001789940-26-000090, 0001789940-25-000086 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Margin | 2.02% | Operating Income / Revenue | OK | 0001789940-26-000090, 0001789940-25-000086 |
| ROIC | 2.85% | NOPAT / Average Invested Capital | OK | 0001789940-26-000090, 0001789940-25-000086 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001789940-26-000090 |
| Current Ratio | 0.27x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $21.02 | Revenue / Diluted Shares | OK | 0001789940-26-000090, 0001789940-25-000086 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |
| Dividend Payout Ratio | n/a | Cash dividends paid / Net income | NOT_MEANINGFUL | 0001789940-26-000014 |