First Watch Restaurant Group, Inc. (FWRG)

FWRG Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 13, 2026	Dec 31, 2025	Dec 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022
Market Cap	705	922	973	1,135	1,204	841
Market Cap Growth	-44.63%	-5.22%	-14.31%	-5.71%	43.08%	-10.78%
Enterprise Value	1,693	1,821	972.61	1,846	1,715	1,254
Last Close Price	11.53	15.08	15.91	18.70	20.10	14.21
PE Ratio	37.19	48.65	51.32	62.33	49.02	129.18
Forward PE	59.93	-	50.17	47.58	45.17	49.95
PS Ratio	0.58	0.75	-	1.12	1.35	1.15
PB Ratio	1.13	1.47	-	1.91	2.14	1.61
P/TBV Ratio	1.16	1.51	-	1.96	2.19	1.63
P/FCF Ratio	-	-29.74	-31.38	-92.72	100.24	1171.85
P/OCF Ratio	5.60	7.32	7.72	9.81	12.63	13.37
EV/Sales Ratio	1.39	1.49	-	1.82	1.92	1.72
EV/EBITDA Ratio	15.57	17.76	12.97	19.11	20.79	24.52
EV/EBIT Ratio	50.14	66.19	-	47.46	41.56	74.14
EV/FCF Ratio	-	-58.75	-31.38	-150.82	142.83	1746.34
Debt / Equity Ratio	1.47	1.47	-	1.25	1.00	0.88
Debt / EBITDA Ratio	9.84	9.84	-	8.38	7.36	9.92
Debt / FCF Ratio	-32.54	-32.54	-	-66.13	50.54	706.62
Net Debt / Equity Ratio	1.58	1.58	-	1.30	0.99	0.88
Net Debt / EBITDA Ratio	9.63	9.63	-	8.03	6.76	8.95
Net Debt / FCF Ratio	-31.86	-31.86	-	-63.41	46.41	637.43
Asset Turnover	0.75	0.75	0	0.73	0.75	0.68
Quick Ratio	0.17	0.17	-	0.29	0.48	0.56
Current Ratio	0.29	0.29	-	0.40	0.62	0.67
Return on Equity (ROE)	3.18%	3.18%	0.00%	3.27%	4.68%	1.34%
Return on Assets (ROA)	2.71%	2.71%	0.00%	1.89%	2.45%	0.86%
Return on Invested Capital (ROIC)	2.88%	2.88%	0.00%	2.05%	2.69%	0.95%
Return on Capital Employed (ROCE)	1.86%	1.86%	0.00%	3.08%	3.83%	1.73%
Earnings Yield	2.76%	2.06%	1.95%	1.60%	2.04%	0.77%
FCF Yield	-4.40%	-3.36%	-3.19%	-1.08%	1.00%	0.09%
Buyback Yield / Dilution	-0.13%	-0.13%	0.00%	-0.57%	-0.48%	-0.17%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q