First Watch Restaurant Group, Inc. Common Stock (FWRG) — Analysis Summary
First Watch Restaurant Group, Inc. Common Stock (FWRG) has a market cap of $694.88M with year-over-year revenue growth of +20.3%. Net margin stands at 1.6%. The stock trades at a P/E ratio of 39.0.
Key Takeaways
- Revenue changed +20.3% year-over-year
- Net margin of 1.6%
- P/E ratio of 39.0
Compared to other companies in the RETAIL-EATING PLACES sector, FWRG posted revenue growth of +20.3% and trades at a P/E of 39.0.
First Watch Restaurant Group, Inc. Common Stock (FWRG)
PREVIOUS CLOSE 2026-10-12 · MARKET DATA POLYGON · FINANCIALS SEC EDGAR
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Interest coverage at 1.5x — minimal debt service cushion
Current ratio at 0.27x — severe short-term liquidity risk
Operating margin (2.1%) exceeds gross margin (0.0%) — check for other operating income or data classification issues
The latest filing shows negative free cash flow.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
Sector
RETAIL-EATING PLACES
Employees
17,500
Headquarters
BRADENTON, FL
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.