First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
11.74
-0.37 (-3.06%)
Sep 3, 2026, 3:08 PM EDT - Market open
FWRG Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Revenue Revenue Growth | 1,318 | 1,223 | 1,016 | 891.55 | 730.16 | 601.19 |
Revenue Growth | 19.27% | 20.34% | 13.95% | 22.10% | 21.45% | 75.59% |
Gross Profit Gross Profit Growth | 271.95 | 247.39 | 223.11 | 197.29 | 144.95 | 127.55 |
Operating Income Operating Income Growth | 32.89 | 33.77 | 44.07 | 46.69 | 22.97 | 27.33 |
Net Income Net Income Growth | 17.81 | 19.43 | 18.93 | 25.39 | 6.91 | -2.11 |
Earnings Per Share EPS Growth | 0.28 | 0.31 | 0.30 | 0.41 | 0.11 | -0.04 |
EPS Growth | 376.94% | 3.33% | -26.83% | 272.73% | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 26, 2022 | Dec '21 Dec 27, 2021 |
In-Restaurant Dining Sales In-Restaurant Dining Sales Growth | 1,058 | 982.35 | 829.05 | 716.96 | 571.05 | 452.99 |
Third-Party Delivery Sales Third-Party Delivery Sales Growth | 156.82 | 142.26 | 97.44 | 91.43 | 82.05 | 70.49 |
Take-Out Sales Take-Out Sales Growth | 66.33 | 87.57 | 77.86 | 68.7 | 66.08 | 68.87 |
Royalty and System Fund Contributions Royalty and System Fund Contributions Growth | 10.53 | 9.71 | 10.86 | 13.46 | 10.68 | 8.58 |
Initial Fees Initial Fees Growth | 0.25 | 0.23 | 0.28 | 0.39 | 0.3 | 0.28 |
Business Combinations Business Combinations Growth | - | 0.4 | 0.41 | 0.61 | - | - |
Revenue (Total) Revenue (Total) Growth | 1,318 | 1,223 | 1,016 | 891.55 | - | - |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Cash & Investments Cash & Investments Growth | 20.49 | 21.25 | 33.31 | 49.63 | 49.67 | 51.86 |
Total Debt Total Debt Growth | 1,074 | 1,010 | 809.66 | 606.97 | 507.35 | 473.97 |
Net Cash (Debt) Net Cash Growth | -1,053 | -988.32 | -776.34 | -557.33 | -457.68 | -422.11 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -16.93 | -15.73 | -12.45 | -9.11 | -7.61 | -8.75 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 128.24 | 125.91 | 115.67 | 95.34 | 62.94 | 62.97 |
Capital Expenditures CapEx Growth | -149.12 | -156.91 | -127.92 | -83.33 | -62.22 | -35.31 |
Free Cash Flow Free Cash Flow Growth | -20.88 | -30.99 | -12.24 | 12.01 | 0.72 | 27.66 |
Free Cash Flow Growth | - | - | - | 1572.56% | -97.40% | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Gross Margin | 20.63% | 20.24% | 21.96% | 22.13% | 19.85% | 21.21% |
Operating Margin | 2.50% | 2.76% | 4.34% | 5.24% | 3.15% | 4.55% |
Pretax Margin | 0.76% | 0.99% | 2.76% | 4.05% | 1.72% | 0.06% |
Profit Margin | 1.35% | 1.59% | 1.86% | 2.85% | 0.95% | -0.35% |
FCF Margin | -1.58% | -2.54% | -1.21% | 1.35% | 0.10% | 4.60% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
PE Ratio | 42.77 | 49.97 | 59.85 | 47.36 | 121.79 | - |
Forward PE | 55.50 | 50.17 | 47.58 | 45.17 | 49.95 | 201.90 |
P/FCF Ratio | - | - | - | 100.12 | 1171.63 | 34.09 |
PS Ratio | 0.55 | 0.79 | 1.12 | 1.35 | 1.15 | 1.57 |