First Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . First Watch Restaurant
FWRG Stock  USD 12.53  0.21  1.70%   
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
247.4 M
Profit Margin
0.0159
Market Capitalization
764.4 M
Enterprise Value Revenue
1.4757
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 1.1 B. Enterprise Value is estimated to decrease to about 1.2 B

First Watch Total Revenue

768.6 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 44.7 M, Interest Expense of 14.5 M or Selling General Administrative of 88 M, as well as many indicators such as Price To Sales Ratio of 2.08, Dividend Yield of 0.0 or PTB Ratio of 2.63. First financial statements analysis is a perfect complement when working with First Watch Valuation or Volatility modules.
  
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Check out the analysis of First Watch Correlation against competitors.

First Watch Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.3 B1.7 B936.9 M
Slightly volatile
Short and Long Term Debt Total625.2 M739.6 M396 M
Slightly volatile
Other Current Liabilities43 M63.7 M34.8 M
Slightly volatile
Total Current Liabilities110.5 M167.5 M71.2 M
Slightly volatile
Total Stockholder Equity527.4 M626.3 M432.8 M
Slightly volatile
Other Liabilities23.2 M18.5 M41.5 M
Slightly volatile
Property Plant And Equipment Net654.8 M1.1 B377.4 M
Slightly volatile
Net Debt587.8 M718.4 M370.2 M
Slightly volatile
Accounts Payable7.6 M8.7 M6.3 M
Slightly volatile
Cash37.4 M21.2 M25.9 M
Slightly volatile
Non Current Assets Total1.2 B1.7 B895.4 M
Slightly volatile
Non Currrent Assets Other5.1 M4.8 M1.8 M
Slightly volatile
Other Assets1.4 M1.5 M1.3 M
Slightly volatile
Cash And Short Term Investments37.4 M21.2 M25.9 M
Slightly volatile
Net Receivables5.7 M6.9 M3.7 M
Slightly volatile
Good Will397.4 M420.2 M349.1 M
Slightly volatile
Common Stock Shares Outstanding62.8 M62.8 M51.7 M
Slightly volatile
Liabilities And Stockholders Equity1.3 B1.7 B936.9 M
Slightly volatile
Non Current Liabilities Total644.7 M948.3 M432.8 M
Slightly volatile
Inventory4.9 M7.2 M3.4 M
Slightly volatile
Other Current Assets8.9 M13.8 M8.6 M
Very volatile
Other Stockholder Equity599.8 M661.2 M471.7 M
Slightly volatile
Total Liabilities755.3 M1.1 B503.9 M
Slightly volatile
Total Current Assets56.9 M49.1 M41.5 M
Slightly volatile
Short Term Debt50.3 M88.3 M25.3 M
Slightly volatile
Intangible Assets171.4 M174.9 M167.3 M
Slightly volatile
Common Stock541.3 K611 K281.3 K
Slightly volatile
Property Plant Equipment461.4 M629.6 M310.7 M
Slightly volatile
Current Deferred Revenue6.2 M6.8 M6.4 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 M3 M
Slightly volatile

First Watch Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization44.7 M75 M34.1 M
Slightly volatile
Selling General Administrative88 M128.9 M60.5 M
Slightly volatile
Total Revenue768.6 M1.2 B538.6 M
Slightly volatile
Gross Profit989.5 M942.4 M231.7 M
Slightly volatile
Other Operating Expenses759.6 M1.2 B532.7 M
Slightly volatile
Cost Of Revenue441.7 M280.1 M345.9 M
Slightly volatile
Total Operating Expenses960.6 M914.9 M224.6 M
Slightly volatile
Reconciled Depreciation40.5 M66.4 M34.1 M
Slightly volatile
Selling And Marketing Expenses5.7 M6.5 M7 M
Slightly volatile

First Watch Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation6.7 M10.8 M3.9 M
Slightly volatile
Depreciation44.7 M75 M34.1 M
Slightly volatile
Other Non Cash Items24.7 M33.9 M14.6 M
Slightly volatile
Capital Expenditures81.5 M156.9 M57.4 M
Slightly volatile
End Period Cash Flow37.5 M21.2 M25.9 M
Slightly volatile
Begin Period Cash Flow39.6 M33.3 M25.8 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.081.34211.3897
Slightly volatile
PTB Ratio2.632.13192.0026
Slightly volatile
Days Sales Outstanding3.262.26482.5275
Slightly volatile
Book Value Per Share6.859.42849.2407
Slightly volatile
Stock Based Compensation To Revenue0.00630.00850.0082
Very volatile
Capex To Depreciation1.382.05441.8647
Slightly volatile
PB Ratio2.632.13192.0026
Slightly volatile
EV To Sales3.031.96732.1175
Slightly volatile
Inventory Turnover11113077.9629
Slightly volatile
Days Of Inventory On Hand3.742.80016.3945
Slightly volatile
Payables Turnover67.2211152.4979
Slightly volatile
Sales General And Administrative To Revenue0.130.11570.1126
Slightly volatile
Capex To Revenue0.080.0950.1114
Slightly volatile
Cash Per Share0.490.83370.4964
Slightly volatile
Days Payables Outstanding5.673.29088.5287
Slightly volatile
Intangibles To Total Assets0.520.40340.4153
Slightly volatile
Current Ratio0.620.61870.4494
Slightly volatile
Receivables Turnover108161155
Slightly volatile
Graham Number6.269.5118.3348
Pretty Stable
Shareholders Equity Per Share6.859.42849.2404
Slightly volatile
Debt To Equity1.341.08141.194
Very volatile
Capex Per Share1.021.42261.8337
Slightly volatile
Revenue Per Share9.814.976115.6669
Slightly volatile
Interest Debt Per Share8.1410.331210.9131
Slightly volatile
Debt To Assets0.380.4790.4462
Pretty Stable
Operating Cycle6.15.06498.869
Slightly volatile
Price Book Value Ratio2.632.13192.0026
Slightly volatile
Days Of Payables Outstanding5.673.29088.5287
Slightly volatile
Effective Tax Rate0.280.29630.8206
Very volatile
Company Equity Multiplier1.972.25742.5646
Slightly volatile
Long Term Debt To Capitalization0.340.17590.4021
Slightly volatile
Total Debt To Capitalization0.420.51960.5267
Pretty Stable
Debt Equity Ratio1.341.08141.194
Very volatile
Quick Ratio0.560.57190.4044
Slightly volatile
Cash Ratio0.410.43130.2676
Slightly volatile
Days Of Inventory Outstanding3.742.80016.3945
Slightly volatile
Days Of Sales Outstanding3.262.26482.5275
Slightly volatile
Price To Book Ratio2.632.13192.0026
Slightly volatile
Fixed Asset Turnover1.451.30521.2446
Pretty Stable
Debt Ratio0.380.4790.4462
Pretty Stable
Price Sales Ratio2.081.34211.3897
Slightly volatile
Asset Turnover0.460.70360.6311
Slightly volatile
Gross Profit Margin0.260.21320.5008
Slightly volatile
Price Fair Value2.632.13192.0026
Slightly volatile

First Watch Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.1 B1.2 B1 B
Slightly volatile
Enterprise Value1.2 B1.8 B1.6 B
Pretty Stable

First Fundamental Market Drivers

Forward Price Earnings114.9425
Cash And Short Term Investments21.2 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 Revenue6.8 M6.2 M
Total Revenue1.2 B768.6 M
Cost Of Revenue280.1 M441.7 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  0.08 
Revenue Per Share 14.98  9.80 
Ebit Per Revenue 0.05  0.05 

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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:
How To Invest In First
Details
Is First Stock a good investment?
Details
What is First Watch's Net Worth?
Details
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Check out the analysis of First Watch Correlation against competitors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Can Hotels, Restaurants & Leisure industry sustain growth momentum? Does First have expansion opportunities? Factors like these will boost the valuation of First Watch. Market participants price First higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating First Watch demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
22.867
Earnings Share
0.08
Revenue Per Share
20.053
Quarterly Revenue Growth
0.202
Return On Assets
0.013
Understanding First Watch Restaurant requires distinguishing between market price and book value, where the latter reflects First's accounting equity. The concept of intrinsic value - what First Watch's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push First Watch's price substantially above or below its fundamental value.
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Piotroski
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Beneish
M Score
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Financial
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Buy or Sell
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Earnings
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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. In contrast, First Watch's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
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