First Financial Statements From 2010 to 2024

FWRG Stock  USD 17.75  0.29  1.66%   
First Watch financial statements provide useful quarterly and yearly information to potential First Watch Restaurant investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Watch financial statements helps investors assess First Watch's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Watch's valuation are summarized below:
Gross Profit
144.9 M
Profit Margin
0.0209
Market Capitalization
1.1 B
Enterprise Value Revenue
1.7902
Revenue
997.3 M
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 2024 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 1.3 B

First Watch Total Revenue

614.43 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 42.8 M, Interest Expense of 10.2 M or Selling General Administrative of 73 M, as well as many indicators such as Price To Sales Ratio of 2.53, Dividend Yield of 0.0 or PTB Ratio of 3.0. First financial statements analysis is a perfect complement when working with First Watch Valuation or Volatility modules.
  
Check out the analysis of First Watch Correlation against competitors.

First Watch Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.1 B1.3 B833.5 M
Slightly volatile
Other Current Liabilities28 M50.3 M28.8 M
Pretty Stable
Total Current Liabilities91.3 M115.1 M59 M
Slightly volatile
Total Stockholder Equity479.2 M561.3 M405.9 M
Slightly volatile
Other Liabilities23.2 M18.5 M44.3 M
Slightly volatile
Property Plant And Equipment Net509.7 M683.1 M285.9 M
Slightly volatile
Accounts Payable7.3 M6.3 M6.1 M
Slightly volatile
Cash39.9 M49.6 M25.8 M
Slightly volatile
Non Current Assets Total1.1 B1.2 B792.6 M
Slightly volatile
Other Assets1.4 M1.5 M1.3 M
Slightly volatile
Cash And Short Term Investments39.9 M49.6 M25.8 M
Slightly volatile
Net Receivables5.1 M5.5 M3.2 M
Slightly volatile
Good Will379.8 M359.9 M339.9 M
Slightly volatile
Common Stock Shares Outstanding63 M61.2 M51.1 M
Slightly volatile
Non Current Liabilities Total530.9 M590.7 M329.1 M
Slightly volatile
Inventory4.1 M5.4 M2.9 M
Slightly volatile
Other Current Assets6.8 M10.6 M7.8 M
Slightly volatile
Other Stockholder Equity559.5 M634.1 M444.5 M
Slightly volatile
Total Liabilities634 M705.8 M427.4 M
Slightly volatile
Total Current Assets56.6 M71.2 M40.1 M
Slightly volatile
Intangible Assets120.5 M151.2 M163.4 M
Slightly volatile
Common Stock498.5 K599 K234.8 K
Slightly volatile
Property Plant Equipment461.4 M629.6 M279.1 M
Slightly volatile
Short and Long Term Debt Total448.4 M607 M562.6 M
Slightly volatile
Current Deferred Revenue4.3 M5.5 M6.3 M
Slightly volatile
Long Term Debt136.2 M119.8 M216 M
Slightly volatile
Liabilities And Stockholders Equity1.2 B1.3 BB
Slightly volatile
Capital Lease Obligations423.8 M481.6 M350.5 M
Slightly volatile
Net Invested Capital685.5 M686.7 M603.3 M
Slightly volatile
Property Plant And Equipment Gross713.1 M864.6 M577.8 M
Slightly volatile
Short and Long Term Debt5.6 M5.6 M3.8 M
Slightly volatile
Capital Stock590.5 K599 K488.3 K
Slightly volatile
Non Current Liabilities Other3.2 MMM
Pretty Stable
Short Term Debt46.3 M45.9 M35.4 M
Slightly volatile

First Watch Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization42.8 M41.2 M32.4 M
Slightly volatile
Selling General Administrative73 M103.1 M51.4 M
Slightly volatile
Total Revenue614.4 M891.6 M450.9 M
Slightly volatile
Gross Profit118.4 M190.1 M89 M
Slightly volatile
Other Operating Expenses607.5 M850.3 M445.9 M
Slightly volatile
Cost Of Revenue496 M701.4 M361.9 M
Slightly volatile
Total Operating Expenses112.8 M156 M84.5 M
Slightly volatile
Reconciled Depreciation35.9 M37.9 M30.1 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 Compensation5.5 M7.6 MM
Slightly volatile
Depreciation35.3 M41.2 M29.1 M
Slightly volatile
Other Non Cash Items17.2 M20.1 M18.8 M
Pretty Stable
Capital Expenditures56.4 M84.5 M44.4 M
Slightly volatile
End Period Cash Flow40.1 M50 M25.9 M
Slightly volatile
Begin Period Cash Flow37.1 M49.9 M23.5 M
Slightly volatile
Other Cashflows From Investing Activities175.2 K197.1 K214.6 K
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.531.541.5816
Slightly volatile
PTB Ratio3.02.452.1113
Slightly volatile
Days Sales Outstanding3.492.63.2096
Very volatile
Book Value Per Share6.158.498.2405
Slightly volatile
Stock Based Compensation To Revenue0.00610.00770.0113
Slightly volatile
Capex To Depreciation1.261.851.7767
Slightly volatile
PB Ratio3.02.452.1113
Slightly volatile
EV To Sales3.542.262.3595
Slightly volatile
Inventory Turnover134150122
Slightly volatile
Days Of Inventory On Hand2.412.523.0028
Slightly volatile
Payables Turnover56.5899.8279.2098
Pretty Stable
Sales General And Administrative To Revenue0.130.11570.1202
Slightly volatile
Capex To Revenue0.10.110.0924
Slightly volatile
Cash Per Share0.50.750.7557
Slightly volatile
Days Payables Outstanding6.243.784.6976
Very volatile
Intangibles To Total Assets0.560.460.4553
Slightly volatile
Current Ratio0.50.560.6254
Slightly volatile
Receivables Turnover102145117
Very volatile
Graham Number8.0910.946.4512
Slightly volatile
Shareholders Equity Per Share6.158.498.2405
Slightly volatile
Debt To Equity0.240.260.2901
Slightly volatile
Capex Per Share0.721.281.0397
Very volatile
Revenue Per Share7.813.4811.5331
Pretty Stable
Interest Debt Per Share3.732.582.4451
Slightly volatile
Debt To Assets0.210.110.1261
Slightly volatile
Operating Cycle6.85.826.3191
Very volatile
Price Book Value Ratio3.02.452.1113
Slightly volatile
Days Of Payables Outstanding6.243.784.6976
Very volatile
Ebt Per Ebit0.961.012.3243
Pretty Stable
Effective Tax Rate0.250.270.3887
Slightly volatile
Company Equity Multiplier2.632.62.3145
Slightly volatile
Long Term Debt To Capitalization0.320.20.2088
Slightly volatile
Total Debt To Capitalization0.320.210.2172
Slightly volatile
Debt Equity Ratio0.240.260.2901
Slightly volatile
Quick Ratio0.460.510.5778
Slightly volatile
Net Income Per E B T0.850.810.6233
Slightly volatile
Cash Ratio0.340.390.4526
Slightly volatile
Cash Conversion Cycle1.681.61.6668
Slightly volatile
Days Of Inventory Outstanding2.412.523.0028
Slightly volatile
Days Of Sales Outstanding3.492.63.2096
Very volatile
Price To Book Ratio3.02.452.1113
Slightly volatile
Fixed Asset Turnover1.531.51.2892
Very volatile
Debt Ratio0.210.110.1261
Slightly volatile
Price Sales Ratio2.531.541.5816
Slightly volatile
Asset Turnover0.430.630.6106
Slightly volatile
Gross Profit Margin0.140.190.1828
Slightly volatile
Price Fair Value3.02.452.1113
Slightly volatile

First Watch Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.2 B1.4 B986.7 M
Slightly volatile
Enterprise Value1.3 B1.6 B1.4 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings114.9425
Cash And Short Term Investments49.6 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 Revenue5.5 M4.3 M
Total Revenue891.6 M614.4 M
Cost Of Revenue701.4 M496 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.12  0.13 
Capex To Revenue 0.11  0.10 
Revenue Per Share 13.48  7.80 
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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
(0.67)
Earnings Share
0.33
Revenue Per Share
16.574
Quarterly Revenue Growth
0.148
Return On Assets
0.0212
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.