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 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 22, 2026	Dec 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 26, 2022	Dec 27, 2021
Market Cap	708	973	1,135	1,204	841	989
Market Cap Growth	-27.37%	-14.31%	-5.71%	43.08%	-14.93%	-
Enterprise Value	1,716	1,872	1,846	1,715	1,254	1,370
Last Close Price	11.49	15.91	18.70	20.10	14.21	16.75
PE Ratio	41.01	51.32	62.33	49.02	121.58	-
Forward PE	56.80	50.17	47.58	45.17	-	-
PS Ratio	0.56	0.80	1.12	1.35	1.15	1.65
PB Ratio	1.13	1.55	1.91	2.14	1.61	1.96
P/TBV Ratio	1.14	1.60	1.96	2.19	1.61	1.65
P/FCF Ratio	-	-	-	100.24	1171.85	35.76
P/OCF Ratio	5.05	-	9.81	12.63	13.37	15.71
EV/Sales Ratio	1.35	1.53	1.82	1.92	1.72	2.28
EV/EBITDA Ratio	15.17	68.03	19.11	20.79	24.52	25.08
EV/EBIT Ratio	51.61	68.03	47.46	41.56	74.14	61.58
EV/FCF Ratio	-	-	-	142.83	1746.34	49.52
Debt / Equity Ratio	1.50	1.47	1.25	1.00	0.88	0.86
Debt / EBITDA Ratio	37.62	36.66	8.38	7.36	9.92	8.68
Debt / FCF Ratio	-	-	-	50.54	706.62	17.14
Net Debt / Equity Ratio	1.61	1.58	1.30	0.99	0.88	0.84
Net Debt / EBITDA Ratio	36.76	35.89	8.03	6.76	8.95	7.73
Net Debt / FCF Ratio	-	-	-63.41	46.41	637.43	15.26
Asset Turnover	0.72	0.75	0.73	0.75	0.68	0.59
Quick Ratio	0.17	0.17	0.29	0.48	0.56	0.58
Current Ratio	0.29	0.29	0.40	0.62	0.67	0.70
Return on Equity (ROE)	2.80%	3.18%	3.27%	4.68%	1.34%	-0.51%
Return on Assets (ROA)	2.68%	2.71%	1.89%	2.45%	0.86%	-12.33%
Return on Invested Capital (ROIC)	2.84%	2.88%	2.05%	2.69%	0.95%	-13.42%
Return on Capital Employed (ROCE)	1.73%	1.86%	3.08%	3.83%	1.73%	2.36%
Earnings Yield	2.48%	1.95%	1.60%	2.04%	0.82%	-
FCF Yield	-	0.00%	-	1.00%	0.09%	2.80%
Buyback Yield / Dilution	-1.68%	-0.79%	-1.90%	-3.54%	-18.93%	-10.39%
Total Shareholder Return	-1.68%	-0.79%	-1.90%	-3.54%	-18.93%	-10.39%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q