FWRG logo
FWRG NASDAQ US

First Watch Restaurant Group, Inc. - Common Stock

Consumer Discretionary · Hotels, Restaurants & Leisure Website · IPO Oct 2021
$10.76
▼ $-0.18 (-1.65%)
Vol 1.4M
10
Quality Score
ok
Deep Check
2/5 ok
Mkt Cap
$920.4M
P/E
185.3
ROE
0.8%
Margin
0.4%
D/E
43.49
Beta
0.91
52W
$13–$23

Wall Street Consensus

18 analysts · Apr 2026
8
Strong Buy
8
Buy
2
Hold
0
Sell
0
Strong Sell
88.9%
Buy Rating

Price Chart

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Earnings

Beat rate: 25.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $0.07 $0.24 +$0.17
Sep 2025 $0.07 $0.05 $-0.02
Jun 2025 $0.05 $0.03 $-0.02
Mar 2025 $0.03 $-0.01 $-0.04

Quarterly Revenue & Earnings

Quarter 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $263.3M $282.2M $307.9M $316.0M $316.4M
Net Income $699K -$829K $2.1M $3.0M $15.2M

Fundamentals Trend

Metric 2025-06-29 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) 0.7% 0.7% 0.7% 0.7% 0.8% 0.8%
P/E (TTM) 239.32 260.19 234.66 246.16 223.26 185.30
Net Margin 0.7% 0.4% 0.4% 0.4% 0.4% 0.4%
Gross Margin 61.5% 61.8% 61.8% 61.8% 61.8% 61.8%
D/E Ratio 43.54 43.54 43.54 43.54 43.49 43.49
Current Ratio 0.27 0.27 0.27 0.27 0.25 0.25

Key Ratios

ROA (TTM)
0.3%
P/S (TTM)
0.79
P/B
1.9
EPS (TTM)
$0.08
CF/Share
$0.99
Rev Growth 3Y
+19.1%
52W High
$22.71
52W Low
$12.90
$12.90 52-Week Range $22.71

Financial Health

Free Cash Flow
-$18.4M
Net Debt
$987.4M
Cash
$21.2M
Total Debt
$1.0B
As of Dec 31, 2025

How does FWRG compare to Hotels, Restaurants & Leisure peers?

Peer group: Small-cap Hotels, Restaurants & Leisure ($300M+) · 51 companies

FWRG ABNB ATAT BJRI BKNG

FWRG valuation vs Hotels, Restaurants & Leisure peers

P/E ratio
185.3
▲ 588% above peers (27.0)
vs Peers
vs Industry
Overvalued
P/S ratio
0.8
▼ 58% below peers (1.9)
vs Peers
vs Industry
Pricier
P/B ratio
1.9
▼ 77% below peers (8.1)
vs Peers
vs Industry
Undervalued
Div yield
—
▼ 0% below peers (1.7%)
vs Peers
vs Industry
In line

FWRG profitability vs Hotels, Restaurants & Leisure peers

ROE
0.8%
▼ 94% below peers (15.0%)
vs Peers
vs Industry
Weak
Net margin
0.4%
▼ 92% below peers (5.0%)
vs Peers
vs Industry
Weak
Gross margin
61.8%
▲ 8% above peers (57.4%)
vs Peers
vs Industry
In line
ROA
0.3%
▼ 92% below peers (4.1%)
vs Peers
vs Industry
Weak

FWRG financial health vs Hotels, Restaurants & Leisure peers

D/E ratio
43.5
▼ 66% below peers (128.3)
vs Peers
vs Industry
Above avg
Current ratio
0.3
▼ 74% below peers (1.0)
vs Peers
vs Industry
Low liquidity
Beta
0.9
▼ 26% below peers (1.2)
vs Peers
vs Industry
More volatile

FWRG fundamentals radar

FWRG Peer median Industry

FWRG profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

FWRG vs peers: key metrics

Related Signals

Bounce Up SL Hit
$15.71 1.50x Sep 22

Insider Activity

Neutral
Buys
0
Sells
0
HOPE HENRY MELVILLE III
Chief Financial Officer · Mar 17
3878 shs
JONES JOHN DANIEL
Chief Operating Officer · Mar 17
1697 shs
SORENSEN LAURA ANNE
Officer · Mar 17
1697 shs
HARTMAN ERIC RICHARD
Officer · Mar 17
1819 shs
TOMASSO CHRISTOPHER ANTHONY
Chief Executive Officer · Mar 17
25062 shs
WOLSZCZAK JAY ANTHONY
General Counsel · Mar 17
3161 shs
EISENACHER MATTHEW
Officer · Mar 17
2760 shs
TOMASSO CHRISTOPHER ANTHONY
Chief Executive Officer · Mar 12
71768 shs
HOPE HENRY MELVILLE III
Chief Financial Officer · Mar 10
7358 shs
JONES JOHN DANIEL
Chief Operating Officer · Mar 10
4600 shs
Last 90 days

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As of Dec 31, 2025

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