FWRG

First Watch Restaurant Group, Inc.

$13.44

-2.96%

SectorConsumer CyclicalIndustryRestaurantsCountryUnited States

Overview AI Brief ChartChart & Performance Financials ExposureRevenue Exposure FilingsFilings & Red Flags ScoresScores & Valuation News Analysts InsidersInsiders & Short Interest Ownership

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

Source: Yahoo Finance

Q-Score48/ 100

Market Cap$829.6M

P/E42.32

Dividend Yield0.00%

52-Week Range—

Next EarningsNov 3Before open

AnalystsStrong Buy+43.6% target

Beta1.13

AI summary

Price & performance

1M+27.7%

3M+5.5%

YTD-12.2%

1Y-23.3%

52-week range—

Beta1.13

Full chart and returns against a benchmark

Q-Score

48/ 100

Quality against peers; 50 is the peer median.

Growth60

Risk50

Performance43

Valuation56

Profitability47

Leverage38

Sentiment56

Every score and metric

News sentiment

Open News

Latest results · FY 2025

Revenue$1.2B+20.3%

Net income$19.4M+2.7%

Net margin1.6%-0.3 pts

Historical fundamentals

Revenue exposure

0%of revenue from outside the US

United States100%

Regions, segments, customers and suppliers

Valuation

FWRGIndustryP/E42.3225.59P/S0.613.65EV/EBITDA9.5018.11P/B1.291.29PEG0.143.86

Dividend yield0.00%

Every valuation metric

Earnings

Nov 3next report, before the open

EPS estimate$0.04

Beats (last 4 quarters)—

Average surprise—

EPS revisions (30d)—

Every quarter against its estimate

Historical Fundamentals

Revenue

Net Income

Net Margin

P/E

Showing the last 4 periods. Pro adds the full annual and quarterly history and 20+ more metrics to chart.

Latest Results

The latest fiscal year and quarter, each against the same period a year earlier, from SEC filings.

Metric	FY 2025	vs a year before	Q3 2026	vs a year before
Revenue	$1.2B	+20.3%	$349.9M	—
Net Income	$19.4M	+2.7%	$4.8M	—
Net Margin	1.6%	-0.3 pts	1.4%	—

Earnings

The next report, and the record against analysts' estimates.

Next EPS estimate$0.04Reports before the open

Beats (last 4 quarters)—

Average surprise—

EPS revisions (30d)—

Q-Scores

OverallCombines the categories below, except Sentiment

Industry 5548

Growth

Industry 5160

Risk

Industry 7350

Performance

Industry 4643

Valuation

Industry 4656

Profitability

Industry 5647

Leverage

Industry 6438

Sentiment

Industry 4556

Key Metrics

Fundamentals: trailing twelve months to Sep 2026, from the latest 10-K and 10-Qs.

Market Beta (5-factor)

IM 0.86SM 0.950.89

Market Cap

829.6M

Dividend Yield

IM 0.00%SM 0.00%0.00%

Volume

IM 739.9KSM 721.2K1.5M

Industry Market Share

0.14%

Sector Market Share

0.01%

IM industry median · SM sector median: the typical company the value is compared with. The /100 is its score against those peers.

Comparable Companies

The companies closest in size in Restaurants (filled from its sector when there are few), with the median and rank across all 53 in the industry.

Company	Market cap	P/E	EV/EBITDA	P/S	P/B	FCF yield	Implied growth	Revenue growth	Op. margin	ROE	Debt/equity
FWRGFirst Watch Restaurant Group, Inc.	$829.6M	42.3	9.5	0.6	1.3	-2.6%	—	15.6%	2.2%	3.0%	0.5
BLMNBloomin' Brands, Inc.	$851.5M	11.9	5.4	0.2	2.0	14.3%	-0.5%	1.1%	2.6%	16.5%	1.8
CNNECannae Holdings, Inc.	$739.1M	—	—	1.8	0.8	1.6%	20.1%	18.3%	-30.1%	-13.5%	0.1
PZZAPapa John's International, Inc.	$658.2M	25.3	7.9	0.3	—	3.2%	20.9%	-8.3%	4.3%	—	—
BH-ABiglari Holdings Inc.	$1.1B	—	—	2.7	1.9	2.2%	16.4%	8.1%	—	-3.9%	0.4
BHBiglari Holdings Inc.	$1.2B	—	—	2.8	1.9	2.2%	16.8%	8.1%	—	-3.9%	0.4
HDLSuper Hi International Holding Ltd.	$582.5M	27.2	—	0.7	1.6	14.6%	-17.7%	13.4%	—	5.9%	0.0
BJRIBJ's Restaurants, Inc.	$1.2B	26.6	9.4	0.8	3.0	5.3%	4.9%	5.3%	3.1%	11.2%	0.0
PTLOPortillo's Inc.	$507.9M	29.6	10.0	0.7	1.0	2.5%	19.7%	4.2%	5.3%	3.5%	0.5
Industry median		25.7	13.2	1.0	3.0	3.3%	11.1%	5.8%	4.0%	6.5%	0.4
FWRG percentile		75th	36th	30th	19th	19th	—	85th	40th	39th	59th