Stocktoria
First Watch Restaurant Group, Inc. FWRG
First Watch Restaurant Group, Inc. statistics & valuation
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.34); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
First Watch Restaurant Group, Inc. trades at about 40.8× earnings — below its 10-year norm (10-year range 51.6×–147.3×, median 69.9×).
Shaded band = 10-year range (51.6×–147.3×); dot = today's 40.8×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating margin | 2.3% | 3.8% | 4.6% | 2.3% | 3.7% | -13.8% |
| Net margin | 1.6% | 1.9% | 2.8% | 0.9% | -0.4% | -14.5% |
| FCF margin | -2.5% | -1.2% | 1.3% | 0.1% | 4.6% | -13.2% |
| Return on assets | 1.1% | 1.2% | 2.0% | 0.6% | -0.2% | -4.9% |
| Return on equity | 3.1% | 3.2% | 4.5% | 1.3% | -0.4% | -15.5% |
| Current ratio | 0.29 | 0.40 | 0.62 | 0.67 | 0.70 | 0.64 |
Computed from company filings · US · as of 2025-12-28. Facts plus Stocktoria's own computed scores — not investment advice.