First Watch Restaurant Group, I
FWRG
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Fundamentals
| Market cap | $676.37M | Enterprise value | $1.73B | Trailing P/E | 39.14 | Forward P/E | 44.59 |
| PEG | — | Price / book | 1.07 | Beta | 1.05 | Dividend yield | 0.00% |
| Revenue growth | 15.2% | Earnings growth | 26.4% | Gross margin | 20.6% | Operating margin | 2.5% |
| Profit margin | 1.4% | ROE | 2.9% | ROA | 1.2% | Debt / equity | 1.69 |
| Current ratio | 0.27 | Free cash flow | -$42.84M | Analyst recommendation | strong_buy | Mean target | $19.30 |
| 52w high | $18.82 | 52w low | $9.88 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $355M | $331M | $316M | $316M | $308M |
| Op margin | 2.4% | 0.7% | 3.0% | 3.4% | 2.7% |
| Net income | $2.3M | -$2.7M | $15.2M | $3.0M | $2.1M |
| Gross margin | 19.5% | 19.2% | 19.6% | 20.3% | 19.4% |
| Gross profit | $69.1M | $63.7M | $61.9M | $64.1M | $59.7M |
| Operating income | $8.6M | $2.3M | $9.5M | $10.7M | $8.4M |
- Revenue +7% vs prior quarter ($355M vs $331M).
- Gross margin 19.5% (was 19.2% prior quarter).
- Operating margin expanded to 2.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $892M | $730M | — |
| Op margin | 2.5% | 4.1% | 5.1% | 2.8% | — |
| Net income | $19.4M | $18.9M | $25.4M | $6.9M | — |
| Gross margin | 19.2% | 21.0% | 21.3% | 19.1% | — |
| Gross profit | $234M | $213M | $190M | $140M | — |
| Operating income | $30.5M | $42.0M | $45.8M | $20.3M | — |
Headlines — watch
• [WARN · legal] 3 of Wall Street’s Favorite Stocks Walking a Fine Line
News
2026-10-07 · Are Options Traders Betting on a Big Move in First Watch Restaurant Group Stock?
2026-10-03 · MarketBeat Week in Review – 09/28 - 10/02
2026-10-02 · 3 of Wall Street’s Favorite Stocks We Approach with Caution
2026-10-01 · First Watch’s Growth Story Meets a Reality Check
2026-09-17 · 3 Stocks Under $50 We Think Twice About
2026-09-16 · 3 Cash-Burning Stocks We Steer Clear Of
2026-09-15 · Kura Sushi, First Watch, Dine Brands, and BJ's Shares Are Falling, What You Need To Know
2026-09-09 · Spotting Winners: First Watch (NASDAQ:FWRG) And Sit-Down Dining Stocks In Q2
2026-09-04 · 1 High-Flying Stock for Long-Term Investors and 2 Facing Headwinds
2026-08-27 · First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences
2026-08-24 · Starbucks Stock Gains 27% YTD: Should You Buy, Sell or Hold?
2026-08-20 · 2 Profitable Stocks to Target This Week and 1 We Brush Off
Price (daily)
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