First Financial Statements From 2010 to 2026

FWRG Stock  USD 16.26  0.21  1.28%   
First Watch's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing First Watch's valuation are provided below:
Gross Profit
238.1 M
Profit Margin
0.0043
Market Capitalization
B
Enterprise Value Revenue
1.6819
Revenue
1.2 B
There are over one hundred nineteen available fundamental signals for First Watch Restaurant, which can be analyzed over time and compared to other ratios. Active traders should verify all of First Watch Restaurant prevailing fundamental drivers against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. The current Market Cap is estimated to decrease to about 1.2 B. Enterprise Value is estimated to decrease to about 1.2 B

First Watch Total Revenue

686.3 Million

Check First Watch financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Watch's main balance sheet or income statement drivers, such as Depreciation And Amortization of 39.4 M, Interest Expense of 10.2 M or Selling General Administrative of 80.4 M, as well as many indicators such as Price To Sales Ratio of 2.26, Dividend Yield of 0.0 or PTB Ratio of 2.77. First financial statements analysis is a perfect complement when working with First Watch Valuation or Volatility modules.
  
Build AI portfolio with First Stock
Check out the analysis of First Watch Correlation against competitors.

First Watch Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.2 B1.7 B931.6 M
Slightly volatile
Short and Long Term Debt Total598.3 M931 M405.7 M
Slightly volatile
Other Current Liabilities39.1 M60 M34.3 M
Slightly volatile
Total Current Liabilities100 M159.2 M70.1 M
Slightly volatile
Total Stockholder Equity504.3 M684.7 M434.9 M
Slightly volatile
Other Liabilities23.2 M18.5 M41.5 M
Slightly volatile
Property Plant And Equipment Net576.6 MB368.6 M
Slightly volatile
Net Debt558.9 M892.7 M378.7 M
Slightly volatile
Accounts Payable7.4 MM6.3 M
Slightly volatile
Cash39.4 M38.3 M27 M
Slightly volatile
Non Current Assets Total1.1 B1.7 B889.1 M
Slightly volatile
Non Currrent Assets Other3.9 M3.7 M1.7 M
Slightly volatile
Other Assets1.4 M1.5 M1.3 M
Slightly volatile
Cash And Short Term Investments39.4 M38.3 M27 M
Slightly volatile
Net Receivables5.5 M8.3 M3.8 M
Slightly volatile
Good Will388.2 M458.3 M350.8 M
Slightly volatile
Common Stock Shares Outstanding61.9 M71.7 M52.2 M
Slightly volatile
Liabilities And Stockholders Equity1.2 B1.7 B931.6 M
Slightly volatile
Non Current Liabilities Total587.8 M897.6 M426.5 M
Slightly volatile
Inventory4.4 MM3.3 M
Slightly volatile
Other Current AssetsM10.6 M8.4 M
Pretty Stable
Other Stockholder Equity581.5 M746.4 M475.6 M
Slightly volatile
Total Liabilities687.9 M1.1 B496.5 M
Slightly volatile
Total Current Assets57.3 M64.3 M42.5 M
Slightly volatile
Short Term Debt43.6 M74.7 M24.1 M
Slightly volatile
Intangible Assets122.4 M150.8 M163 M
Slightly volatile
Common Stock522.7 K698 K285.3 K
Slightly volatile
Property Plant Equipment461.4 M629.6 M310.7 M
Slightly volatile
Current Deferred Revenue4.3 M5.1 M6.2 M
Slightly volatile
Long Term Debt138.7 M170.1 M211.9 M
Slightly volatile
Capital Lease Obligations465.2 M703 M389 M
Slightly volatile
Net Invested Capital716.7 M912.7 M634.6 M
Slightly volatile
Property Plant And Equipment Gross799.2 M1.3 B656.3 M
Slightly volatile
Short and Long Term Debt6.3 M10.6 M4.6 M
Slightly volatile
Capital Stock603.4 K698 K508.4 K
Slightly volatile
Non Current Liabilities Other3.3 M3.6 MM
Slightly volatile

First Watch Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization39.4 M66.4 M33.2 M
Slightly volatile
Selling General Administrative80.4 M130.3 M60.1 M
Slightly volatile
Total Revenue686.3 M1.2 B530.6 M
Slightly volatile
Gross Profit957.3 M911.7 M228 M
Slightly volatile
Other Operating Expenses680.4 M1.1 B523.9 M
Slightly volatile
Cost Of Revenue460.7 M256.6 M345.7 M
Slightly volatile
Total Operating Expenses910.3 M867 M218.8 M
Slightly volatile
Reconciled Depreciation40.5 M66.4 M34.1 M
Slightly volatile
Selling And Marketing Expenses5.7 M6.5 MM
Slightly volatile

First Watch Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based CompensationM9.8 M3.8 M
Slightly volatile
Depreciation39.4 M66.4 M33.2 M
Slightly volatile
Other Non Cash Items22.9 M32.2 M14.4 M
Slightly volatile
Capital Expenditures154.5 M147.1 M61.1 M
Slightly volatile
End Period Cash Flow39.6 M38.3 M27.1 M
Slightly volatile
Begin Period Cash Flow40.1 M57.5 M27.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.261.541.6016
Slightly volatile
PTB Ratio2.772.452.2439
Slightly volatile
Days Sales Outstanding3.42.62.8277
Pretty Stable
Book Value Per Share6.668.498.9318
Slightly volatile
Stock Based Compensation To Revenue0.00620.00770.0079
Very volatile
Capex To Depreciation1.341.851.907
Slightly volatile
PB Ratio2.772.452.2439
Slightly volatile
EV To Sales3.252.262.4227
Slightly volatile
Inventory Turnover12115083.8477
Slightly volatile
Days Of Inventory On Hand3.212.526.2719
Slightly volatile
Payables Turnover52.1999.8255.5252
Slightly volatile
Sales General And Administrative To Revenue0.130.11570.1169
Slightly volatile
Capex To Revenue0.110.0950.1109
Slightly volatile
Cash Per Share0.520.750.6175
Slightly volatile
Days Payables Outstanding5.182.968.0307
Slightly volatile
Intangibles To Total Assets0.540.460.4386
Slightly volatile
Current Ratio0.660.710.5283
Slightly volatile
Receivables Turnover103145135
Pretty Stable
Graham Number6.058.568.15
Pretty Stable
Shareholders Equity Per Share6.668.498.9315
Slightly volatile
Debt To Equity0.980.971.2445
Slightly volatile
Capex Per Share0.881.281.5357
Slightly volatile
Revenue Per Share8.913.4813.7103
Slightly volatile
Interest Debt Per Share7.899.311.2873
Slightly volatile
Debt To Assets0.390.430.4989
Slightly volatile
Operating Cycle5.674.569.0114
Slightly volatile
Price Book Value Ratio2.772.452.2439
Slightly volatile
Days Of Payables Outstanding5.182.968.0307
Slightly volatile
Effective Tax Rate0.250.270.6691
Pretty Stable
Company Equity Multiplier2.652.62.4819
Pretty Stable
Long Term Debt To Capitalization0.310.20.2557
Very volatile
Total Debt To Capitalization0.420.470.5388
Slightly volatile
Debt Equity Ratio0.980.971.2445
Slightly volatile
Quick Ratio0.610.660.4828
Slightly volatile
Cash Ratio0.440.50.3448
Slightly volatile
Days Of Inventory Outstanding3.212.526.2719
Slightly volatile
Days Of Sales Outstanding3.42.62.8277
Pretty Stable
Price To Book Ratio2.772.452.2439
Slightly volatile
Fixed Asset Turnover1.491.51.2807
Pretty Stable
Debt Ratio0.390.430.4989
Slightly volatile
Price Sales Ratio2.261.541.6016
Slightly volatile
Asset Turnover0.450.630.6118
Slightly volatile
Gross Profit Margin0.220.190.4688
Slightly volatile
Price Fair Value2.772.452.2439
Slightly volatile

First Watch Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.2 B1.4 B1.1 B
Slightly volatile
Enterprise Value1.2 B1.6 B1.4 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings114.9425
Cash And Short Term Investments33.3 M

First Upcoming Events

5th of March 2024
Upcoming Quarterly Report
View
7th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
5th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About First Watch Financial Statements

First Watch stakeholders use historical fundamental indicators, such as First Watch's revenue or net income, to determine how well the company is positioned to perform in the future. Although First Watch investors may analyze each financial statement separately, they are all interrelated. For example, changes in First Watch's assets and liabilities are reflected in the revenues and expenses on First Watch's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in First Watch Restaurant. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue5.1 M4.3 M
Total Revenue1.2 B686.3 M
Cost Of Revenue256.6 M460.7 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.12  0.13 
Capex To Revenue 0.09  0.11 
Revenue Per Share 13.48  8.90 
Ebit Per Revenue 0.04  0.04 

Currently Active Assets on Macroaxis

When determining whether First Watch Restaurant is a strong investment it is important to analyze First Watch's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Watch's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out the analysis of First Watch Correlation against competitors.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Watch. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Watch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.634
Earnings Share
0.08
Revenue Per Share
19.216
Quarterly Revenue Growth
0.256
Return On Assets
0.0115
The market value of First Watch Restaurant is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Watch's value that differs from its market value or its book value, called intrinsic value, which is First Watch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Watch's market value can be influenced by many factors that don't directly affect First Watch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Watch's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Watch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Watch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.