FWRG
First Watch Restaurant Group, Inc.
$11.49
+0.15
(+1.32%)
Mkt Cap
708.30M
Volume
1,068,631
52W Range
10.09-19.53
Sector
Consumer Cyclical
Beta
1.12
EPS (TTM)
0.29
P/E Ratio
39.66
Revenue (TTM)
1.27B
Rev Growth (5Y)
+18.8%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
$22.82
Undervalued · Strong
49.6% below fair value
AlphaQuality · Grade
D
Stable Earnings Power
36.9 / 100 composite
Company Description
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.22B | 1.02B | 891.55M | 730.16M | 601.19M | 342.39M | 436.37M | 349.77M |
| Net Income | 19.43M | 18.93M | 25.39M | 6.91M | (2.11M) | (49.68M) | (45.44M) | (12.30M) |
| EPS | 0.32 | 0.31 | 0.43 | 0.12 | -0.04 | -0.86 | -0.79 | -0.27 |
| Free Cash Flow | (30.99M) | (12.28M) | 10.65M | (393,000) | 27.29M | (45.34M) | (37.70M) | (6.95M) |
| FCF / Share | -0.51 | -0.20 | 0.18 | -0.01 | 0.57 | -0.79 | -0.65 | -0.15 |
| Operating CF | 125.91M | 115.67M | 95.34M | 62.94M | 62.97M | (18.36M) | 21.46M | 30.77M |
| Total Assets | 1.74B | 1.51B | 1.27B | 1.10B | 1.05B | 1.01B | 982.08M | 664.51M |
| Total Debt | 739.60M | 809.55M | 606.97M | 507.35M | 473.97M | 637.90M | 576.44M | 195.04M |
| Cash & Equiv | 21.25M | 33.31M | 49.63M | 49.67M | 51.86M | 38.85M | 11.12M | 16.28M |
| Book Value | 626.28M | 595.39M | 561.28M | 523.13M | 504.43M | 320.87M | 329.80M | 374.42M |
| Return on Equity | 0.03 | 0.03 | 0.05 | 0.01 | -0.00 | -0.15 | -0.14 | -0.03 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 330.96M | 316.35M | 316.02M | 307.89M | 282.24M | 263.29M | 251.61M | 258.56M | 242.45M | 244.63M | 219.21M | 216.30M |
| Net Income | (2.69M) | 15.16M | 2.99M | 2.11M | (2.25M) | 699,000 | 2.11M | 8.90M | 7.21M | 2.65M | 5.42M | 7.96M |
| EPS | -0.04 | 0.25 | 0.05 | 0.03 | -0.01 | 0.01 | 0.03 | 0.15 | 0.12 | 0.04 | 0.09 | 0.13 |
| Free Cash Flow | 5.11M | (17.56M) | 5.01M | (2.02M) | (16.42M) | (17.75M) | 6.74M | 2.23M | (3.60M) | (9.54M) | (5.64M) | 19.28M |
| FCF / Share | 0.08 | -0.29 | 0.08 | -0.03 | -0.27 | -0.29 | 0.11 | 0.04 | -0.06 | -0.16 | -0.09 | 0.32 |
| Operating CF | 34.46M | 18.46M | 47.88M | 39.43M | 20.14M | 22.92M | 35.86M | 31.91M | 24.98M | 22.29M | 17.46M | 34.44M |
| Total Assets | 1.77B | 1.74B | 1.72B | 1.68B | 1.54B | 1.51B | 1.48B | 1.44B | 1.28B | 1.27B | 1.21B | 1.16B |
| Total Debt | 761.92M | 739.60M | 982.95M | 958.77M | 837.22M | 809.55M | 778.90M | 748.60M | 611.44M | 606.97M | 561.19M | 527.00M |
| Cash & Equiv | 23.57M | 21.25M | 20.71M | 19.18M | 18.61M | 33.31M | 51.13M | 45.10M | 43.24M | 49.63M | 39.92M | 66.77M |
| Book Value | 627.66M | 626.28M | 607.31M | 601.31M | 596.29M | 595.39M | 589.13M | 585.78M | 574.44M | 561.28M | 557.09M | 545.84M |
| Return on Equity | -0.00 | 0.02 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 |
FWRG News
First Watch Restaurant: Eggs Got Cheaper, The Stock Didn't
Why First Watch Restaurant Stock Popped Today
First Watch Restaurant Group, Inc. (FWRG) Q1 2026 Earnings Call Transcript
First Watch Restaurant Group (FWRG) Reports Q1 Earnings: What Key Metrics Have to Say
First Watch Restaurant Group, Inc. (FWRG) Reports Q1 Loss, Beats Revenue Estimates
First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results
Earnings Preview: Dine Brands (DIN) Q1 Earnings Expected to Decline
First Watch Restaurant Group, Inc. (FWRG) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Legacy 4-H Club Expresses Gratitude for Strong Community Support of Annual Lucas Founders Day Silent Auction
First Watch Restaurant Group (NASDAQ:FWRG) Shares Unloaded Rep. Josh Gottheimer