First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
10.14
-0.08 (-0.78%)
Sep 25, 2026, 4:00 PM EDT - Market closed
FWRG Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
| 626 | 785 | 630 | 971 | 976 | 983 | 1,023 | 1,133 | 951 | 1,060 | 1,486 | 1,202 | 1,065 | 957 | 910 | 841 | 857 | 856 | 743 | 943 | - | |
Market Cap Growth (YoY) | -34.85% | -20.07% | -38.41% | -14.27% | 2.68% | -7.31% | -31.15% | -5.79% | -10.75% | 10.77% | 63.40% | 42.93% | 24.29% | 11.78% | 22.45% | -10.79% | - | - | - | - | - |
Enterprise Value | 1,679 | 1,793 | 1,619 | 1,933 | 1,916 | 1,801 | 1,800 | 1,860 | 1,654 | 1,628 | 2,044 | 1,724 | 1,526 | 1,414 | 1,367 | 1,293 | 1,297 | 1,289 | 1,165 | 1,545 | - |
Last Close Price | 10.14 | 12.74 | 10.31 | 15.91 | 16.00 | 16.11 | 16.86 | 18.70 | 15.74 | 17.56 | 24.62 | 20.10 | 17.90 | 16.10 | 15.35 | 14.21 | 14.51 | 14.50 | 12.58 | 15.97 | - |
Price Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
PE Ratio | 35.81 | 44.10 | 35.86 | 49.97 | 196.57 | 240.36 | 94.05 | 59.85 | 45.56 | 43.84 | 63.96 | 47.36 | 47.89 | 56.70 | 78.23 | 121.79 | 312.87 | 246.25 | 162.37 | - | - |
Forward PE | 46.47 | 63.70 | 53.59 | 50.17 | 49.38 | 68.38 | 46.78 | 47.58 | 41.29 | 39.93 | 56.57 | 45.17 | 41.39 | 51.31 | 60.09 | 49.95 | 60.66 | 107.01 | 104.99 | 201.90 | - |
PS Ratio | 0.47 | 0.60 | 0.50 | 0.79 | 0.84 | 0.89 | 0.97 | 1.12 | 0.95 | 1.10 | 1.61 | 1.35 | 1.28 | 1.20 | 1.18 | 1.15 | 1.21 | 1.26 | 1.15 | 1.57 | - |
PB Ratio | 0.99 | 1.24 | 1.00 | 1.55 | 1.61 | 1.63 | 1.72 | 1.90 | 1.61 | 1.81 | 2.59 | 2.14 | 1.91 | 1.75 | 1.70 | 1.61 | 1.65 | 1.66 | 1.45 | 1.87 | - |
P/TBV Ratio | 14.49 | 18.18 | 18.08 | 31.16 | 98.94 | 498.02 | 32.23 | 38.75 | 44.78 | 65.47 | 23.82 | 23.94 | 21.38 | 18.67 | 19.64 | 24.20 | 26.74 | 29.52 | 31.90 | 58.17 | - |
P/FCF Ratio | - | - | - | - | - | - | - | - | - | - | 2540.81 | 100.12 | 55.11 | 44.77 | 84.93 | 1171.63 | 70.74 | 39.56 | 25.64 | 34.09 | - |
P/OCF Ratio | 4.88 | 6.12 | 4.50 | 7.71 | 7.49 | 8.30 | 9.23 | 9.79 | 8.27 | 10.97 | 14.99 | 12.61 | 11.93 | 11.04 | 11.96 | 13.37 | 13.12 | 13.30 | 11.41 | 14.98 | - |
EV Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
EV/Sales Ratio | 1.27 | 1.36 | 1.27 | 1.58 | 1.64 | 1.63 | 1.71 | 1.83 | 1.66 | 1.69 | 2.22 | 1.93 | 1.83 | 1.77 | 1.78 | 1.77 | 1.84 | 1.90 | 1.80 | 2.57 | - |
EV/EBITDA Ratio | 14.42 | 15.40 | 14.31 | 17.77 | 19.22 | 19.78 | 18.79 | 18.28 | 16.26 | 16.56 | 22.77 | 19.61 | 19.31 | 19.38 | 21.68 | 22.60 | 23.76 | 22.57 | 17.98 | 25.87 | - |
EV/EBIT Ratio | 51.05 | 54.52 | 48.69 | 57.25 | 64.77 | 70.70 | 53.23 | 42.22 | 34.78 | 33.33 | 45.04 | 36.92 | 37.12 | 38.42 | 48.93 | 56.28 | 62.12 | 53.99 | 36.45 | 56.51 | - |
EV/FCF Ratio | - | - | - | - | - | - | - | - | - | - | 3493.51 | 143.53 | 78.92 | 66.13 | 127.67 | 1800.28 | 107.04 | 59.58 | 40.21 | 55.84 | - |
Financial Efficiency
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Debt / Equity Ratio | 1.69 | 1.69 | 1.64 | 1.61 | 1.62 | 1.60 | 1.40 | 1.36 | 1.32 | 1.28 | 1.06 | 1.08 | 1.01 | 0.97 | 0.96 | 0.97 | 0.96 | 0.95 | 0.94 | 0.94 | 2.02 |
Debt / EBITDA Ratio | 4.63 | 4.63 | 4.58 | 4.66 | 4.84 | 5.06 | 4.42 | 4.24 | 4.17 | 4.17 | 3.67 | 3.77 | 3.76 | 3.75 | 3.97 | 4.18 | 4.27 | 4.18 | 3.88 | 4.04 | 6.11 |
Debt / FCF Ratio | - | - | - | - | - | - | - | - | - | - | 1045.20 | 50.54 | 29.03 | 24.65 | 47.72 | 706.62 | 41.32 | 22.80 | 16.56 | 17.14 | 44.58 |
Net Debt / Equity Ratio | 1.66 | 1.66 | 1.61 | 1.58 | 1.58 | 1.56 | 1.37 | 1.30 | 1.24 | 1.20 | 0.99 | 0.99 | 0.94 | 0.84 | 0.85 | 0.88 | 0.87 | 0.85 | 0.85 | 0.84 | 1.86 |
Net Debt / EBITDA Ratio | 9.05 | 9.05 | 8.91 | 9.09 | 9.65 | 10.32 | 8.55 | 7.63 | 7.15 | 7.15 | 6.33 | 6.34 | 6.60 | 6.31 | 7.24 | 8.00 | 8.27 | 7.70 | 6.69 | 7.07 | 11.68 |
Net Debt / FCF Ratio | -50.44 | -50.44 | -106.31 | -31.89 | -31.64 | -32.41 | -32.69 | -63.42 | -182.58 | -42.89 | 971.27 | 46.41 | 26.96 | 21.53 | 42.64 | 637.43 | 37.24 | 20.33 | 14.95 | 15.26 | 41.04 |
Asset Turnover | 0.75 | 0.75 | 0.77 | 0.75 | 0.73 | 0.71 | 0.75 | 0.73 | 0.74 | 0.74 | 0.77 | 0.75 | 0.73 | 0.71 | 0.71 | 0.68 | 0.66 | 0.64 | - | 0.59 | - |
Inventory Turnover | 143.56 | 143.56 | 151.24 | 146.73 | 157.65 | 141.94 | 146.64 | 137.90 | 153.47 | 142.15 | 149.79 | 133.40 | 146.79 | 142.60 | 150.47 | 129.32 | 148.81 | 149.30 | - | 136.54 | - |
Quick Ratio | 0.15 | 0.15 | 0.17 | 0.17 | 0.15 | 0.16 | 0.17 | 0.29 | 0.42 | 0.41 | 0.45 | 0.48 | 0.41 | 0.65 | 0.64 | 0.56 | 0.57 | 0.62 | 0.60 | 0.58 | 0.64 |
Current Ratio | 0.27 | 0.27 | 0.29 | 0.29 | 0.25 | 0.27 | 0.31 | 0.40 | 0.55 | 0.57 | 0.60 | 0.62 | 0.53 | 0.78 | 0.77 | 0.67 | 0.71 | 0.75 | 0.74 | 0.70 | 0.79 |
Return on Equity (ROE) | 2.88% | 2.88% | 2.87% | 3.18% | 0.83% | 0.69% | 1.86% | 3.27% | 3.64% | 4.27% | 4.19% | 4.68% | 4.13% | 3.18% | 2.22% | 1.34% | 0.65% | 0.83% | 1.10% | -0.51% | - |
Return on Assets (ROA) | 1.18% | 1.18% | 1.25% | 1.30% | 1.15% | 1.02% | 1.50% | 1.98% | 2.21% | 2.35% | 2.37% | 2.46% | 2.24% | 2.05% | 1.61% | 1.33% | 1.23% | 1.41% | - | 1.66% | - |
Return on Invested Capital (ROIC) | 1.98% | 1.98% | 2.05% | 2.12% | 1.12% | 1.12% | 1.60% | 2.21% | 2.32% | 2.70% | 2.90% | 2.99% | 2.85% | 2.44% | 1.68% | 1.29% | 0.79% | 1.17% | 1.65% | -16.81% | 2.13% |
Return on Capital Employed (ROCE) | 2.00% | 2.00% | 2.10% | 2.10% | 1.90% | 1.70% | 2.40% | 3.20% | 3.50% | 3.70% | 3.90% | 4.10% | 3.80% | 3.50% | 2.70% | 2.30% | 2.10% | 2.40% | 3.30% | 2.90% | 2.10% |
Yields
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 28, 2026 | Mar '26 Mar 29, 2026 | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 |
Earnings Yield | 2.85% | 2.27% | 2.79% | 2.00% | 0.51% | 0.42% | 1.06% | 1.67% | 2.20% | 2.28% | 1.56% | 2.11% | 2.09% | 1.76% | 1.28% | 0.82% | 0.32% | 0.41% | 0.62% | -0.22% | - |
FCF Yield | -3.34% | -2.66% | -1.50% | -3.19% | -3.11% | -2.95% | -2.45% | -1.08% | -0.42% | -1.55% | 0.04% | 1.00% | 1.81% | 2.23% | 1.18% | 0.08% | 1.41% | 2.53% | 3.90% | 2.93% | - |
Buyback Yield / Dilution | 0.41% | 0.41% | -1.68% | -0.79% | -0.81% | -0.65% | -0.43% | -1.90% | -2.22% | -2.48% | -2.27% | -1.75% | -3.55% | -9.31% | -16.05% | -24.74% | -30.52% | -23.07% | -15.42% | -7.11% | - |