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First Watch Restaurant Group (FWRG) Financials

First Watch Restaurant Group logo
$19.40 +0.03 (+0.15%)
Closing price 04/25/2025 04:00 PM Eastern
Extended Trading
$19.40 0.00 (-0.03%)
As of 04/25/2025 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for First Watch Restaurant Group

Annual Income Statements for First Watch Restaurant Group

This table shows First Watch Restaurant Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-45 -50 -2.11 6.91 25 19
Consolidated Net Income / (Loss)
-45 -50 -2.11 6.91 25 19
Net Income / (Loss) Continuing Operations
-45 -50 -2.11 6.91 25 19
Total Pre-Tax Income
-58 -70 0.37 13 36 28
Total Operating Income
-38 -47 22 17 41 39
Total Gross Profit
336 265 467 558 491 793
Total Revenue
436 342 601 730 892 1,016
Operating Revenue
436 342 601 730 892 1,016
Total Cost of Revenue
101 77 134 173 400 223
Operating Cost of Revenue
101 77 134 173 400 223
Total Operating Expenses
373 313 445 541 450 754
Selling, General & Admin Expense
56 46 70 85 103 113
Depreciation Expense
28 31 32 34 41 58
Other Operating Expenses / (Income)
250 231 338 415 297 572
Impairment Charge
34 0.32 0.38 0.92 1.36 0.53
Other Special Charges / (Income)
5.82 3.88 3.31 5.41 7.17 10
Total Other Income / (Expense), net
-20 -22 -22 -4.32 -5.19 -11
Interest Expense
20 23 20 5.23 8.06 13
Other Income / (Expense), net
-0.26 0.48 -1.77 0.91 2.87 1.76
Income Tax Expense
-12 -20 2.48 5.68 11 9.10
Basic Earnings per Share
($1.01) ($1.10) ($0.04) $0.12 $0.43 $0.31
Weighted Average Basic Shares Outstanding
45.01M 45.01M 48.21M 59.10M 59.53M 60.37M
Diluted Earnings per Share
($1.01) ($1.10) ($0.04) $0.11 $0.41 $0.30
Weighted Average Diluted Shares Outstanding
45.01M 45.01M 48.21M 60.14M 61.19M 62.35M
Weighted Average Basic & Diluted Shares Outstanding
- - 59.05M 59.26M 59.91M 60.70M

Quarterly Income Statements for First Watch Restaurant Group

This table shows First Watch Restaurant Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
0.05 -0.49 9.36 7.96 5.42 2.65 7.21 8.90 2.11 0.70
Consolidated Net Income / (Loss)
0.05 -0.49 9.36 7.96 5.42 2.65 7.21 8.90 2.11 0.70
Net Income / (Loss) Continuing Operations
0.05 -0.49 9.36 7.96 5.42 2.65 7.21 8.90 2.11 0.70
Total Pre-Tax Income
1.38 0.26 14 9.99 6.66 5.51 10 14 3.50 0.74
Total Operating Income
2.62 1.48 15 11 7.74 6.86 12 16 6.31 3.86
Total Gross Profit
81 317 165 169 119 39 153 145 196 299
Total Revenue
187 186 211 216 219 245 242 259 252 263
Operating Revenue
187 186 211 216 219 245 242 259 252 263
Total Cost of Revenue
106 -132 47 48 100 206 89 114 56 -36
Operating Cost of Revenue
106 -132 47 48 100 206 89 114 56 -36
Total Operating Expenses
78 316 149 157 112 32 141 128 189 295
Selling, General & Admin Expense
22 22 23 25 25 30 28 27 28 31
Depreciation Expense
8.68 8.93 9.12 9.44 10 12 12 15 15 16
Other Operating Expenses / (Income)
46 283 116 121 74 -14 100 85 144 244
Impairment Charge
0.34 0.35 0.13 0.30 0.19 0.74 0.12 0.15 0.11 0.14
Other Special Charges / (Income)
1.49 1.85 1.04 1.25 2.04 2.85 1.57 1.83 2.39 4.33
Total Other Income / (Expense), net
-1.25 -1.22 -1.41 -1.35 -1.08 -1.35 -2.27 -2.67 -2.82 -3.12
Interest Expense
1.36 1.74 1.91 2.04 1.85 2.27 2.60 3.38 3.44 3.22
Other Income / (Expense), net
0.12 0.52 0.49 0.69 0.77 0.92 0.33 0.71 0.62 0.10
Income Tax Expense
1.33 0.74 4.56 2.03 1.24 2.86 2.80 4.88 1.38 0.04
Basic Earnings per Share
$0.00 ($0.01) $0.16 $0.13 $0.09 $0.05 $0.12 $0.15 $0.03 $0.01
Weighted Average Basic Shares Outstanding
59.09M 59.10M 59.24M 59.39M 59.65M 59.53M 60.01M 60.38M 60.43M 60.37M
Diluted Earnings per Share
$0.00 ($0.02) $0.15 $0.13 $0.09 $0.04 $0.12 $0.14 $0.03 $0.01
Weighted Average Diluted Shares Outstanding
60.46M 60.14M 60.60M 60.94M 61.56M 61.19M 62.48M 62.46M 61.85M 62.35M
Weighted Average Basic & Diluted Shares Outstanding
59.20M 59.26M 59.36M 59.52M 59.82M 59.91M 60.37M 60.41M 60.57M 60.70M

Annual Cash Flow Statements for First Watch Restaurant Group

This table details how cash moves in and out of First Watch Restaurant Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-5.16 28 13 -2.19 0.04 -17
Net Cash From Operating Activities
21 -18 63 63 95 116
Net Cash From Continuing Operating Activities
21 -18 63 63 95 116
Net Income / (Loss) Continuing Operations
-45 -50 -2.11 6.91 25 19
Consolidated Net Income / (Loss)
-45 -50 -2.11 6.91 25 19
Depreciation Expense
28 31 32 34 41 58
Amortization Expense
1.13 1.28 1.09 0.45 0.45 0.57
Non-Cash Adjustments To Reconcile Net Income
45 21 14 27 16 31
Changes in Operating Assets and Liabilities, net
-7.59 -22 18 -5.76 12 7.66
Net Cash From Investing Activities
-82 -27 -36 -63 -123 -207
Net Cash From Continuing Investing Activities
-82 -27 -36 -63 -123 -207
Purchase of Property, Plant & Equipment
-59 -27 -35 -62 -85 -128
Acquisitions
-23 -0.23 -0.37 -1.11 -40 -79
Other Investing Activities, net
- 0.00 0.00 0.22 1.20 0.03
Net Cash From Financing Activities
56 73 -14 -2.02 28 74
Net Cash From Continuing Financing Activities
56 73 -14 -2.02 28 74
Repayment of Debt
-36 -43 -294 -3.37 -7.56 -152
Issuance of Debt
92 77 100 0.00 30 220
Other Financing Activities, net
-0.23 0.00 2.87 1.35 5.63 6.05
Cash Interest Paid
19 20 16 3.37 8.73 12
Cash Income Taxes Paid
0.15 0.16 0.08 0.92 1.95 3.11

Quarterly Cash Flow Statements for First Watch Restaurant Group

This table details how cash moves in and out of First Watch Restaurant Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-4.20 0.30 4.74 12 -27 9.71 -6.46 1.86 5.77 -18
Net Cash From Operating Activities
15 16 21 34 17 22 25 32 36 23
Net Cash From Continuing Operating Activities
15 16 21 34 17 22 25 32 36 23
Net Income / (Loss) Continuing Operations
0.05 -0.49 9.36 7.96 5.42 2.65 7.21 8.90 2.11 0.70
Consolidated Net Income / (Loss)
0.05 -0.49 9.36 7.96 5.42 2.65 7.21 8.90 2.11 0.70
Depreciation Expense
8.68 8.93 9.12 9.44 10 12 12 15 15 16
Amortization Expense
0.11 0.11 0.11 0.11 0.11 0.12 0.11 0.15 0.16 0.16
Non-Cash Adjustments To Reconcile Net Income
7.21 6.90 5.72 6.61 7.05 -3.53 8.09 2.21 8.40 12
Changes in Operating Assets and Liabilities, net
-1.22 0.84 -3.16 10 -5.55 11 -2.70 6.12 10 -5.79
Net Cash From Investing Activities
-19 -17 -14 -23 -45 -41 -32 -103 -31 -41
Net Cash From Continuing Investing Activities
-19 -17 -14 -23 -45 -41 -32 -103 -31 -41
Purchase of Property, Plant & Equipment
-18 -17 -15 -15 -23 -32 -29 -30 -29 -41
Acquisitions
-0.34 -0.40 -0.08 -8.02 -22 -9.54 -3.42 -74 -1.49 -0.09
Other Investing Activities, net
- 0.22 0.15 0.45 0.04 0.56 0.00 0.00 - 0.03
Net Cash From Financing Activities
-0.27 1.42 -1.96 0.71 1.16 28 0.56 73 0.48 -0.01
Net Cash From Continuing Financing Activities
-0.27 1.42 -1.96 0.71 1.16 28 0.56 73 0.48 -0.01
Repayment of Debt
-0.13 -1.73 -2.52 -0.64 -1.73 -2.66 -125 -24 -1.36 -1.39
Other Financing Activities, net
0.38 0.80 0.57 1.36 2.89 0.82 3.15 -0.31 1.83 1.39
Cash Interest Paid
0.80 0.57 1.66 1.76 1.94 3.36 2.77 1.59 1.58 6.39
Cash Income Taxes Paid
0.18 0.14 0.07 0.92 0.36 0.62 0.00 2.10 0.85 0.16

Annual Balance Sheets for First Watch Restaurant Group

This table presents First Watch Restaurant Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
1,008 1,047 1,104 1,267 1,514
Total Current Assets
49 68 67 71 56
Cash & Equivalents
39 52 50 50 33
Restricted Cash
0.25 0.25 0.25 0.33 0.00
Accounts Receivable
3.92 4.45 6.16 5.53 7.24
Inventories, net
2.92 4.02 5.03 5.38 6.12
Prepaid Expenses
2.49 5.68 5.80 7.49 7.01
Other Current Assets
0.62 1.43 0.37 2.82 2.20
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
958 979 1,037 1,196 1,458
Goodwill
345 345 345 360 399
Intangible Assets
144 143 143 151 168
Other Noncurrent Operating Assets
470 491 549 685 892
Total Liabilities & Shareholders' Equity
1,008 1,047 1,104 1,267 1,514
Total Liabilities
687 542 581 706 919
Total Current Liabilities
77 97 100 115 138
Short-Term Debt
3.59 5.54 7.63 5.63 9.23
Accounts Payable
4.22 11 7.59 6.32 6.96
Accrued Expenses
13 16 23 36 40
Current Deferred Revenue
4.27 4.65 5.19 5.50 5.62
Current Employee Benefit Liabilities
11 21 18 22 21
Other Current Liabilities
40 38 39 40 56
Total Noncurrent Liabilities
610 446 481 591 780
Long-Term Debt
286 100 95 120 189
Noncurrent Deferred & Payable Income Tax Liabilities
14 12 17 25 32
Other Noncurrent Operating Liabilities
310 334 369 446 559
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
321 504 523 561 595
Total Preferred & Common Equity
321 504 523 561 595
Preferred Stock
0.00 0.00 0.00 0.00 0.00
Total Common Equity
321 504 523 561 595
Common Stock
424 609 621 635 650
Retained Earnings
-103 -105 -98 -73 -54
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 -0.67 -0.44

Quarterly Balance Sheets for First Watch Restaurant Group

This table presents First Watch Restaurant Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
1,090 1,115 1,163 1,206 1,279 1,437 1,485
Total Current Assets
65 70 85 59 63 67 73
Cash & Equivalents
49 54 67 40 43 45 51
Restricted Cash
0.25 0.25 0.33 0.33 0.26 0.26 0.00
Accounts Receivable
3.43 3.83 4.47 4.99 4.13 4.03 4.93
Inventories, net
4.12 4.41 4.89 4.79 5.20 5.67 5.33
Prepaid Expenses
4.33 6.67 5.89 4.70 8.91 8.49 7.44
Other Current Assets
3.72 0.59 1.98 3.84 1.69 3.85 4.18
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
1,025 1,045 1,078 1,147 1,216 1,369 1,412
Goodwill
345 345 350 357 361 399 399
Intangible Assets
143 143 144 150 151 171 169
Other Noncurrent Operating Assets
537 557 583 640 704 800 844
Total Liabilities & Shareholders' Equity
1,090 1,115 1,163 1,206 1,279 1,437 1,485
Total Liabilities
570 580 617 649 705 851 896
Total Current Liabilities
93 92 109 110 106 119 134
Short-Term Debt
5.63 6.49 7.23 6.89 3.03 6.65 7.83
Accounts Payable
7.50 5.22 5.51 5.55 5.68 7.18 6.87
Accrued Expenses
24 25 32 34 32 39 44
Current Deferred Revenue
2.39 3.23 3.47 2.66 3.34 3.25 2.37
Current Employee Benefit Liabilities
15 11 21 18 21 17 25
Other Current Liabilities
38 40 40 43 41 46 48
Total Noncurrent Liabilities
478 489 507 539 598 732 762
Long-Term Debt
96 93 92 91 123 192 190
Noncurrent Deferred & Payable Income Tax Liabilities
17 21 23 24 28 32 32
Other Noncurrent Operating Liabilities
365 374 392 424 448 508 540
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
520 535 546 557 574 586 589
Total Preferred & Common Equity
520 535 546 557 574 586 589
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
520 535 546 557 574 586 589
Common Stock
618 623 627 632 640 642 646
Retained Earnings
-98 -89 -81 -75 -66 -57 -55
Accumulated Other Comprehensive Income / (Loss)
- - -0.16 0.83 0.26 0.19 -2.48

Annual Metrics and Ratios for First Watch Restaurant Group

This table displays calculated financial ratios and metrics derived from First Watch Restaurant Group's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% -21.54% 75.59% 21.45% 22.10% 13.95%
EBITDA Growth
0.00% -70.19% 466.11% -2.67% 63.46% 15.31%
EBIT Growth
0.00% -23.61% 143.79% -12.93% 147.65% -7.87%
NOPAT Growth
0.00% -25.74% -283.19% 107.32% 212.99% -9.53%
Net Income Growth
0.00% -9.26% 95.76% 427.81% 267.53% -25.45%
EPS Growth
0.00% -8.91% 96.36% 375.00% 272.73% -26.83%
Operating Cash Flow Growth
0.00% -185.55% 442.90% -0.05% 51.48% 21.33%
Free Cash Flow Firm Growth
0.00% 0.00% 81.40% 92.33% -272.73% -202.67%
Invested Capital Growth
0.00% 0.00% -2.48% 3.21% 10.63% 19.42%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 3.27% 7.07% 1.87%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 12.58% 11.85% -0.26%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 43.13% 15.07% -8.58%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 77.12% 12.09% -1.50%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 152.08% 14.08% -9.34%
EPS Q/Q Growth
0.00% 0.00% 0.00% 175.00% 17.14% -9.09%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 36.02% -3.69% 6.72% 0.55%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% -93.89% -3.43%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.58% 3.58% 3.38%
Profitability Metrics
- - - - - -
Gross Margin
76.93% 77.52% 77.68% 76.37% 55.11% 78.04%
EBITDA Margin
-1.98% -4.30% 8.97% 7.19% 9.63% 9.74%
Operating Margin
-8.61% -13.79% 3.70% 2.32% 4.63% 3.83%
EBIT Margin
-8.66% -13.65% 3.40% 2.44% 4.95% 4.00%
Profit (Net Income) Margin
-10.42% -14.51% -0.35% 0.95% 2.85% 1.86%
Tax Burden Percent
78.55% 71.43% -569.46% 54.86% 70.37% 67.53%
Interest Burden Percent
153.11% 148.81% 1.81% 70.64% 81.73% 68.92%
Effective Tax Rate
0.00% 0.00% 669.46% 45.14% 29.63% 32.47%
Return on Invested Capital (ROIC)
0.00% -11.56% -22.43% 1.64% 4.79% 3.76%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -24.82% 59.50% -2.85% -0.93% -2.35%
Return on Net Nonoperating Assets (RNNOA)
0.00% -19.40% 21.92% -0.29% -0.11% -0.49%
Return on Equity (ROE)
0.00% -30.97% -0.51% 1.34% 4.68% 3.27%
Cash Return on Invested Capital (CROIC)
0.00% -211.56% -19.92% -1.52% -5.31% -13.94%
Operating Return on Assets (OROA)
0.00% -4.64% 1.99% 1.66% 3.72% 2.92%
Return on Assets (ROA)
0.00% -4.93% -0.21% 0.64% 2.14% 1.36%
Return on Common Equity (ROCE)
0.00% -30.97% -0.51% 1.34% 4.68% 3.27%
Return on Equity Simple (ROE_SIMPLE)
0.00% -15.48% -0.42% 1.32% 4.52% 3.18%
Net Operating Profit after Tax (NOPAT)
-26 -33 -127 9.28 29 26
NOPAT Margin
-6.02% -9.65% -21.07% 1.27% 3.26% 2.59%
Net Nonoperating Expense Percent (NNEP)
0.00% 13.25% -81.93% 4.49% 5.72% 6.11%
Return On Investment Capital (ROIC_SIMPLE)
- - - 1.48% 4.23% 3.31%
Cost of Revenue to Revenue
23.07% 22.48% 22.32% 23.63% 44.89% 21.96%
SG&A Expenses to Revenue
12.79% 13.53% 11.71% 11.64% 11.57% 11.15%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
85.53% 91.31% 73.98% 74.05% 50.48% 74.21%
Earnings before Interest and Taxes (EBIT)
-38 -47 20 18 44 41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-8.66 -15 54 52 86 99
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.53 1.87 1.61 2.14 1.90
Price to Tangible Book Value (P/TBV)
0.00 0.00 58.17 24.20 23.94 38.75
Price to Revenue (P/Rev)
0.39 0.50 1.57 1.15 1.35 1.11
Price to Earnings (P/E)
0.00 0.00 0.00 121.79 47.36 59.85
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.82% 2.11% 1.67%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.74 1.79 1.55 2.01 1.71
Enterprise Value to Revenue (EV/Rev)
0.00 1.23 1.66 1.22 1.43 1.28
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 18.47 17.02 14.89 13.11
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 48.67 50.14 28.95 31.91
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 96.32 44.00 49.39
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 15.82 14.20 13.40 11.22
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.90 0.21 0.20 0.22 0.33
Long-Term Debt to Equity
0.00 0.89 0.20 0.18 0.21 0.32
Financial Leverage
0.00 0.78 0.37 0.10 0.12 0.21
Leverage Ratio
0.00 3.14 2.49 2.09 2.19 2.40
Compound Leverage Factor
0.00 4.67 0.05 1.48 1.79 1.66
Debt to Total Capital
0.00% 47.47% 17.27% 16.36% 18.26% 24.98%
Short-Term Debt to Total Capital
0.00% 0.59% 0.91% 1.22% 0.82% 1.16%
Long-Term Debt to Total Capital
0.00% 46.89% 16.36% 15.14% 17.44% 23.82%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 52.53% 82.73% 83.64% 81.74% 75.02%
Debt to EBITDA
0.00 -19.68 1.95 1.95 1.46 2.00
Net Debt to EBITDA
0.00 -17.03 0.99 1.00 0.88 1.67
Long-Term Debt to EBITDA
0.00 -19.44 1.85 1.80 1.40 1.91
Debt to NOPAT
0.00 -8.77 -0.83 11.03 4.32 7.55
Net Debt to NOPAT
0.00 -7.59 -0.42 5.65 2.60 6.28
Long-Term Debt to NOPAT
0.00 -8.66 -0.79 10.20 4.12 7.20
Altman Z-Score
0.00 0.16 1.51 1.42 1.72 1.38
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 0.64 0.70 0.67 0.62 0.40
Quick Ratio
0.00 0.56 0.58 0.56 0.48 0.29
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -605 -113 -8.63 -32 -97
Operating Cash Flow to CapEx
36.28% -68.65% 178.33% 101.15% 112.79% 90.41%
Free Cash Flow to Firm to Interest Expense
0.00 -26.51 -5.60 -1.65 -3.99 -7.70
Operating Cash Flow to Interest Expense
1.07 -0.80 3.13 12.03 11.82 9.15
Operating Cash Flow Less CapEx to Interest Expense
-1.88 -1.98 1.38 0.14 1.34 -0.97
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.34 0.59 0.68 0.75 0.73
Accounts Receivable Turnover
0.00 87.46 143.74 137.58 152.45 159.15
Inventory Turnover
0.00 26.41 38.69 38.13 76.90 38.81
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 18.24 17.57 18.51 57.53 33.59
Days Sales Outstanding (DSO)
0.00 4.17 2.54 2.65 2.39 2.29
Days Inventory Outstanding (DIO)
0.00 13.82 9.44 9.57 4.75 9.41
Days Payable Outstanding (DPO)
0.00 20.01 20.78 19.72 6.34 10.87
Cash Conversion Cycle (CCC)
0.00 -2.01 -8.81 -7.50 0.80 0.83
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 572 558 576 637 760
Invested Capital Turnover
0.00 1.20 1.06 1.29 1.47 1.45
Increase / (Decrease) in Invested Capital
0.00 572 -14 18 61 124
Enterprise Value (EV)
0.00 421 996 894 1,278 1,298
Market Capitalization
170 170 943 841 1,202 1,133
Book Value per Share
$0.00 $7.13 $8.54 $8.84 $9.38 $9.83
Tangible Book Value per Share
$0.00 ($3.73) $0.27 $0.59 $0.84 $0.48
Total Capital
0.00 611 610 625 687 794
Total Debt
0.00 290 105 102 125 198
Total Long-Term Debt
0.00 286 100 95 120 189
Net Debt
0.00 251 53 52 75 165
Capital Expenditures (CapEx)
59 27 35 62 85 128
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -63 -75 -75 -88 -107
Debt-free Net Working Capital (DFNWC)
0.00 -24 -23 -25 -38 -73
Net Working Capital (NWC)
0.00 -27 -29 -33 -44 -83
Net Nonoperating Expense (NNE)
19 17 -125 2.37 3.65 7.35
Net Nonoperating Obligations (NNO)
0.00 251 53 52 75 165
Total Depreciation and Amortization (D&A)
29 32 33 35 42 58
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -18.40% -12.54% -10.27% -9.89% -10.50%
Debt-free Net Working Capital to Revenue
0.00% -6.98% -3.87% -3.43% -4.29% -7.22%
Net Working Capital to Revenue
0.00% -8.03% -4.79% -4.48% -4.92% -8.13%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.04) $0.12 $0.43 $0.31
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 48.21M 59.10M 59.53M 60.37M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.04) $0.11 $0.41 $0.30
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 48.21M 60.14M 61.19M 62.35M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 59.05M 59.26M 59.91M 60.70M
Normalized Net Operating Profit after Tax (NOPAT)
1.30 -30 18 13 35 33
Normalized NOPAT Margin
0.30% -8.80% 3.02% 1.75% 3.93% 3.29%
Pre Tax Income Margin
-13.27% -20.31% 0.06% 1.72% 4.05% 2.76%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
-1.88 -2.05 1.02 3.41 5.47 3.22
NOPAT to Interest Expense
-1.31 -1.45 -6.30 1.77 3.60 2.08
EBIT Less CapEx to Interest Expense
-4.83 -3.22 -0.74 -8.49 -5.01 -6.91
NOPAT Less CapEx to Interest Expense
-4.26 -2.62 -8.06 -10.12 -6.88 -8.04
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% -231.66% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for First Watch Restaurant Group

This table displays calculated financial ratios and metrics derived from First Watch Restaurant Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
18.68% 14.22% 22.12% 17.27% 17.32% 31.70% 14.68% 19.54% 14.78% 7.63%
EBITDA Growth
-27.46% 113.53% 54.09% 57.75% 65.30% 82.43% -0.25% 47.56% 16.76% -1.29%
EBIT Growth
-62.85% 159.05% 99.73% 132.69% 210.89% 289.97% -20.30% 42.67% -18.47% -49.11%
NOPAT Growth
-97.94% -275.93% 98.06% 167.08% 7,078.04% 217.44% -14.15% 17.57% -39.41% 10.91%
Net Income Growth
-94.13% 89.56% 101.72% 194.02% 11,678.26% 644.86% -22.93% 11.82% -61.02% -73.60%
EPS Growth
-100.00% 77.78% 87.50% 160.00% 0.00% 300.00% -20.00% 7.69% -66.67% -75.00%
Operating Cash Flow Growth
7.19% -12.90% 164.65% 44.57% 17.73% 36.83% 18.16% -7.34% 105.35% 2.83%
Free Cash Flow Firm Growth
98.43% 0.00% 99.76% 99.31% -313.50% -179.53% -4,967.05% -3,785.51% -223.15% -107.18%
Invested Capital Growth
1.57% 3.21% 2.05% 2.28% 7.43% 10.63% 13.26% 27.81% 19.65% 19.42%
Revenue Q/Q Growth
1.30% -0.59% 13.82% 2.32% 1.35% 11.60% -0.89% 6.65% -2.69% 4.64%
EBITDA Q/Q Growth
-15.74% -4.29% 127.06% -13.86% -11.71% 5.63% 24.16% 27.43% -30.14% -10.70%
EBIT Q/Q Growth
-47.05% -27.15% 693.63% -23.99% -29.26% -8.61% 62.19% 36.06% -59.57% -42.96%
NOPAT Q/Q Growth
-97.41% -3,302.15% 467.20% -12.36% -30.35% -47.61% 168.44% 20.02% -64.10% -4.11%
Net Income Q/Q Growth
-98.30% -1,156.52% 2,025.93% -14.97% -31.93% -51.13% 172.43% 23.37% -76.27% -66.90%
EPS Q/Q Growth
-100.00% 0.00% 850.00% -13.33% -30.77% -55.56% 200.00% 16.67% -78.57% -66.67%
Operating Cash Flow Q/Q Growth
-37.74% 9.85% 29.77% 62.89% -49.30% 27.68% 12.06% 27.74% 12.36% -36.07%
Free Cash Flow Firm Q/Q Growth
98.44% -136.61% 93.52% -187.92% -836.45% -59.95% -17.49% -120.78% 22.12% -2.55%
Invested Capital Q/Q Growth
1.20% 0.58% 0.74% -0.26% 6.29% 3.58% 3.13% 12.56% -0.49% 3.38%
Profitability Metrics
- - - - - - - - - -
Gross Margin
43.36% 170.92% 77.94% 77.95% 54.40% 15.80% 63.30% 55.97% 77.80% 113.52%
EBITDA Margin
6.17% 5.94% 11.85% 9.98% 8.69% 8.23% 10.31% 12.32% 8.84% 7.55%
Operating Margin
1.40% 0.80% 7.25% 5.24% 3.53% 2.80% 5.07% 6.36% 2.51% 1.47%
EBIT Margin
1.46% 1.07% 7.49% 5.56% 3.88% 3.18% 5.20% 6.64% 2.76% 1.50%
Profit (Net Income) Margin
0.02% -0.26% 4.43% 3.68% 2.47% 1.08% 2.98% 3.44% 0.84% 0.27%
Tax Burden Percent
3.35% -189.84% 67.25% 79.66% 81.34% 48.10% 72.05% 64.59% 60.41% 94.72%
Interest Burden Percent
50.24% 12.84% 87.95% 83.06% 78.28% 70.79% 79.39% 80.30% 50.40% 18.65%
Effective Tax Rate
96.65% 289.84% 32.75% 20.34% 18.66% 51.90% 27.95% 35.41% 39.59% 5.28%
Return on Invested Capital (ROIC)
0.06% -1.95% 6.53% 5.85% 4.03% 1.98% 5.45% 6.02% 2.24% 2.02%
ROIC Less NNEP Spread (ROIC-NNEP)
0.03% 2.45% 4.67% 3.18% 2.43% 0.97% 2.88% 4.16% 0.57% -0.44%
Return on Net Nonoperating Assets (RNNOA)
0.01% 0.25% 0.46% 0.24% 0.25% 0.11% 0.33% 0.68% 0.10% -0.09%
Return on Equity (ROE)
0.07% -1.70% 6.98% 6.09% 4.28% 2.10% 5.78% 6.70% 2.34% 1.93%
Cash Return on Invested Capital (CROIC)
0.00% -1.52% 0.50% 1.30% -2.80% -5.31% -7.97% -19.99% -13.94% -13.94%
Operating Return on Assets (OROA)
0.97% 0.73% 5.32% 3.97% 2.82% 2.39% 4.01% 4.93% 2.04% 1.10%
Return on Assets (ROA)
0.02% -0.18% 3.14% 2.63% 1.79% 0.81% 2.29% 2.56% 0.62% 0.19%
Return on Common Equity (ROCE)
0.07% -1.70% 6.98% 6.09% 4.28% 2.10% 5.78% 6.70% 2.34% 1.93%
Return on Equity Simple (ROE_SIMPLE)
0.53% 0.00% 2.18% 3.09% 3.99% 0.00% 4.05% 4.13% 3.54% 0.00%
Net Operating Profit after Tax (NOPAT)
0.09 -2.81 10 9.04 6.29 3.30 8.85 11 3.81 3.66
NOPAT Margin
0.05% -1.51% 4.88% 4.18% 2.87% 1.35% 3.65% 4.11% 1.52% 1.39%
Net Nonoperating Expense Percent (NNEP)
0.03% -4.40% 1.86% 2.67% 1.60% 1.02% 2.57% 1.85% 1.67% 2.46%
Return On Investment Capital (ROIC_SIMPLE)
- -0.45% - - - 0.48% - - - 0.46%
Cost of Revenue to Revenue
56.64% -70.92% 22.06% 22.05% 45.60% 84.20% 36.70% 44.03% 22.20% -13.52%
SG&A Expenses to Revenue
11.61% 11.72% 10.74% 11.69% 11.49% 12.24% 11.41% 10.52% 11.00% 11.68%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
41.95% 170.12% 70.69% 72.71% 50.87% 13.00% 58.23% 49.61% 75.29% 112.05%
Earnings before Interest and Taxes (EBIT)
2.74 1.99 16 12 8.51 7.78 13 17 6.94 3.96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
12 11 25 22 19 20 25 32 22 20
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.65 1.61 1.70 1.75 1.91 2.14 2.57 1.81 1.61 1.90
Price to Tangible Book Value (P/TBV)
26.74 24.20 19.64 18.64 21.38 23.94 23.64 65.47 44.77 38.75
Price to Revenue (P/Rev)
1.21 1.15 1.18 1.19 1.28 1.35 1.60 1.10 0.95 1.11
Price to Earnings (P/E)
312.87 121.79 78.23 56.62 47.88 47.36 63.47 43.84 45.56 59.85
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.32% 0.82% 1.28% 1.77% 2.09% 2.11% 1.58% 2.28% 2.20% 1.67%
Enterprise Value to Invested Capital (EV/IC)
1.59 1.55 1.65 1.71 1.83 2.01 2.37 1.64 1.49 1.71
Enterprise Value to Revenue (EV/Rev)
1.29 1.22 1.24 1.23 1.35 1.43 1.69 1.26 1.10 1.28
Enterprise Value to EBITDA (EV/EBITDA)
19.50 17.02 15.58 14.28 14.64 14.89 18.16 12.64 11.06 13.11
Enterprise Value to EBIT (EV/EBIT)
73.01 50.14 37.12 30.32 29.28 28.95 38.05 26.35 24.67 31.91
Enterprise Value to NOPAT (EV/NOPAT)
173.56 96.32 65.72 48.58 43.35 44.00 56.40 41.65 41.14 49.39
Enterprise Value to Operating Cash Flow (EV/OCF)
13.91 14.20 12.55 11.40 12.57 13.40 15.70 12.56 9.54 11.22
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 331.87 132.88 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.20 0.20 0.19 0.18 0.18 0.22 0.22 0.34 0.34 0.33
Long-Term Debt to Equity
0.18 0.18 0.17 0.17 0.16 0.21 0.21 0.33 0.32 0.32
Financial Leverage
0.34 0.10 0.10 0.08 0.10 0.12 0.11 0.16 0.18 0.21
Leverage Ratio
2.52 2.09 2.07 2.11 2.13 2.19 2.16 2.30 2.35 2.40
Compound Leverage Factor
1.27 0.27 1.82 1.75 1.67 1.55 1.71 1.84 1.18 0.45
Debt to Total Capital
16.33% 16.36% 15.75% 15.41% 14.94% 18.26% 17.96% 25.33% 25.11% 24.98%
Short-Term Debt to Total Capital
0.91% 1.22% 1.02% 1.12% 1.05% 0.82% 0.43% 0.85% 1.00% 1.16%
Long-Term Debt to Total Capital
15.42% 15.14% 14.72% 14.29% 13.89% 17.44% 17.52% 24.48% 24.11% 23.82%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
83.67% 83.64% 84.25% 84.59% 85.06% 81.74% 82.04% 74.67% 74.89% 75.02%
Debt to EBITDA
2.18 1.95 1.63 1.44 1.28 1.46 1.47 2.07 1.99 2.00
Net Debt to EBITDA
1.11 1.00 0.74 0.47 0.75 0.88 0.96 1.60 1.48 1.67
Long-Term Debt to EBITDA
2.06 1.80 1.52 1.33 1.19 1.40 1.43 2.00 1.91 1.91
Debt to NOPAT
19.38 11.03 6.88 4.89 3.78 4.32 4.55 6.82 7.40 7.55
Net Debt to NOPAT
9.91 5.65 3.11 1.59 2.22 2.60 2.98 5.26 5.49 6.28
Long-Term Debt to NOPAT
18.31 10.20 6.43 4.53 3.51 4.12 4.44 6.59 7.11 7.20
Altman Z-Score
1.40 1.38 1.54 1.53 1.56 1.62 1.90 1.36 1.22 1.30
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.70 0.67 0.77 0.78 0.53 0.62 0.60 0.57 0.54 0.40
Quick Ratio
0.57 0.56 0.64 0.65 0.41 0.48 0.44 0.41 0.42 0.29
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-8.76 -21 -1.34 -3.87 -36 -58 -68 -150 -117 -120
Operating Cash Flow to CapEx
80.53% 94.54% 145.62% 227.21% 75.61% 70.20% 87.40% 107.75% 123.32% 56.36%
Free Cash Flow to Firm to Interest Expense
-6.43 -11.92 -0.70 -1.90 -19.59 -25.50 -26.18 -44.43 -34.00 -37.27
Operating Cash Flow to Interest Expense
10.89 9.37 11.09 16.91 9.45 9.82 9.61 9.44 10.42 7.12
Operating Cash Flow Less CapEx to Interest Expense
-2.63 -0.54 3.47 9.47 -3.05 -4.17 -1.39 0.68 1.97 -5.51
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.66 0.68 0.71 0.71 0.73 0.75 0.77 0.74 0.74 0.73
Accounts Receivable Turnover
223.29 137.58 224.20 192.03 197.74 152.45 231.87 227.08 201.02 159.15
Inventory Turnover
74.06 38.13 30.65 15.46 14.04 76.90 49.92 57.97 51.74 38.81
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
38.82 18.51 18.90 10.95 9.59 57.53 43.97 48.20 42.14 33.59
Days Sales Outstanding (DSO)
1.63 2.65 1.63 1.90 1.85 2.39 1.57 1.61 1.82 2.29
Days Inventory Outstanding (DIO)
4.93 9.57 11.91 23.61 25.99 4.75 7.31 6.30 7.06 9.41
Days Payable Outstanding (DPO)
9.40 19.72 19.31 33.34 38.08 6.34 8.30 7.57 8.66 10.87
Cash Conversion Cycle (CCC)
-2.84 -7.50 -5.77 -7.83 -10.24 0.80 0.58 0.33 0.21 0.83
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
572 576 580 578 615 637 657 739 735 760
Invested Capital Turnover
1.25 1.29 1.34 1.40 1.40 1.47 1.49 1.46 1.48 1.45
Increase / (Decrease) in Invested Capital
8.84 18 12 13 42 61 77 161 121 124
Enterprise Value (EV)
909 894 955 988 1,123 1,278 1,557 1,213 1,097 1,298
Market Capitalization
857 841 910 956 1,065 1,202 1,475 1,060 951 1,133
Book Value per Share
$8.81 $8.84 $9.02 $9.19 $9.36 $9.38 $9.59 $9.70 $9.75 $9.83
Tangible Book Value per Share
$0.54 $0.59 $0.78 $0.86 $0.84 $0.84 $1.04 $0.27 $0.35 $0.48
Total Capital
622 625 634 645 655 687 700 785 787 794
Total Debt
102 102 100 99 98 125 126 199 197 198
Total Long-Term Debt
96 95 93 92 91 120 123 192 190 189
Net Debt
52 52 45 32 58 75 82 153 146 165
Capital Expenditures (CapEx)
18 17 15 15 23 32 29 30 29 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-71 -75 -70 -84 -85 -88 -84 -90 -104 -107
Debt-free Net Working Capital (DFNWC)
-22 -25 -15 -17 -45 -38 -40 -45 -53 -73
Net Working Capital (NWC)
-27 -33 -22 -24 -51 -44 -43 -51 -61 -83
Net Nonoperating Expense (NNE)
0.04 -2.32 0.95 1.08 0.88 0.65 1.64 1.72 1.70 2.96
Net Nonoperating Obligations (NNO)
52 52 45 32 58 75 82 153 146 165
Total Depreciation and Amortization (D&A)
8.79 9.04 9.23 9.55 11 12 12 15 15 16
Debt-free, Cash-free Net Working Capital to Revenue
-10.09% -10.27% -9.07% -10.49% -10.19% -9.89% -9.05% -9.34% -10.46% -10.50%
Debt-free Net Working Capital to Revenue
-3.07% -3.43% -1.95% -2.11% -5.36% -4.29% -4.34% -4.64% -5.33% -7.22%
Net Working Capital to Revenue
-3.86% -4.48% -2.80% -3.01% -6.18% -4.92% -4.67% -5.33% -6.12% -8.13%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 ($0.01) $0.16 $0.13 $0.09 $0.05 $0.12 $0.15 $0.03 $0.01
Adjusted Weighted Average Basic Shares Outstanding
59.09M 59.10M 59.24M 59.39M 59.65M 59.53M 60.01M 60.38M 60.43M 60.37M
Adjusted Diluted Earnings per Share
$0.00 ($0.02) $0.15 $0.13 $0.09 $0.04 $0.12 $0.14 $0.03 $0.01
Adjusted Weighted Average Diluted Shares Outstanding
60.46M 60.14M 60.60M 60.94M 61.56M 61.19M 62.48M 62.46M 61.85M 62.35M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
59.20M 59.26M 59.36M 59.52M 59.82M 59.91M 60.37M 60.41M 60.57M 60.70M
Normalized Net Operating Profit after Tax (NOPAT)
3.11 2.57 11 10 8.10 7.31 10 12 5.32 7.89
Normalized NOPAT Margin
1.67% 1.38% 5.25% 4.75% 3.69% 2.99% 4.15% 4.60% 2.12% 3.00%
Pre Tax Income Margin
0.74% 0.14% 6.58% 4.62% 3.04% 2.25% 4.13% 5.33% 1.39% 0.28%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.01 1.15 8.30 5.90 4.60 3.42 4.85 5.08 2.02 1.23
NOPAT to Interest Expense
0.06 -1.62 5.41 4.44 3.41 1.45 3.41 3.14 1.11 1.14
EBIT Less CapEx to Interest Expense
-11.51 -8.77 0.68 -1.54 -7.89 -10.56 -6.15 -3.68 -6.43 -11.41
NOPAT Less CapEx to Interest Expense
-13.46 -11.53 -2.21 -3.01 -9.09 -12.53 -7.59 -5.62 -7.34 -11.50
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
218.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About First Watch Restaurant Group's Financials

When does First Watch Restaurant Group's financial year end?

According to the most recent income statement we have on file, First Watch Restaurant Group's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has First Watch Restaurant Group's net income changed over the last 5 years?

First Watch Restaurant Group's net income appears to be on a downward trend, with a most recent value of $18.93 million in 2024, falling from -$45.47 million in 2019. The previous period was $25.39 million in 2023.

What is First Watch Restaurant Group's operating income?
First Watch Restaurant Group's total operating income in 2024 was $38.91 million, based on the following breakdown:
  • Total Gross Profit: $792.81 million
  • Total Operating Expenses: $753.91 million
How has First Watch Restaurant Group revenue changed over the last 5 years?

Over the last 5 years, First Watch Restaurant Group's total revenue changed from $436.37 million in 2019 to $1.02 billion in 2024, a change of 132.8%.

How much debt does First Watch Restaurant Group have?

First Watch Restaurant Group's total liabilities were at $918.97 million at the end of 2024, a 30.2% increase from 2023, and a 33.8% increase since 2020.

How much cash does First Watch Restaurant Group have?

In the past 4 years, First Watch Restaurant Group's cash and equivalents has ranged from $33.31 million in 2024 to $51.86 million in 2021, and is currently $33.31 million as of their latest financial filing in 2024.

How has First Watch Restaurant Group's book value per share changed over the last 5 years?

Over the last 5 years, First Watch Restaurant Group's book value per share changed from 0.00 in 2019 to 9.83 in 2024, a change of 983.0%.



This page (NASDAQ:FWRG) was last updated on 4/27/2025 by MarketBeat.com Staff
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