First Watch Financials

FWRG Stock  USD 16.16  0.13  0.81%   
First Watch Restaurant is doing better financially today then in previous quarter. It has a moderate chance of reporting better financial numbers in March. At this time, First Watch's Cash is most likely to increase significantly in the upcoming years. The First Watch's current Non Currrent Assets Other is estimated to increase to about 3.9 M, while Short and Long Term Debt Total is projected to decrease to roughly 598.3 M.
 
Covid
 
Interest Hikes

First Watch Balance Sheet Chart

At this time, First Watch's Cash is most likely to increase significantly in the upcoming years. The First Watch's current Non Currrent Assets Other is estimated to increase to about 3.9 M, while Short and Long Term Debt Total is projected to decrease to roughly 598.3 M.
Key indicators impacting First Watch's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.980.97
Fairly Up
Slightly volatile
Current Ratio0.660.71
Significantly Down
Slightly volatile
The financial analysis of First Watch is a critical element in measuring its lifeblood. Investors should not minimize First Watch's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

22.85 Million

  
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Understanding current and past First Watch Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Watch's financial statements are interrelated, with each one affecting the others. For example, an increase in First Watch's assets may result in an increase in income on the income statement.

First Watch Stock Summary

First Watch competes with SUPER HI, Cannae Holdings, Biglari Holdings, BJs Restaurants, and Sweetgreen. First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida. First Watch operates under Restaurants classification in the United States and is traded on NASDAQ Exchange. It employs 10000 people.
Specialization
Consumer Discretionary, Consumer Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS33748L1017
Business Address8725 Pendery Place,
SectorHotels, Restaurants & Leisure
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.firstwatch.com
Phone941 907 9800
CurrencyUSD - US Dollar

First Watch Key Financial Ratios

First Watch Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets1.0B1.1B1.3B1.5B1.7B1.2B
Other Current Liab33.1M35.9M50.3M52.2M60.0M39.1M
Other Liab33.2M15.9M15.7M20.6M18.5M23.2M
Net Tangible Assets(160.0M)(168.0M)16.2M34.8M40.0M42.0M
Net Debt422.1M457.7M557.3M776.2M892.7M558.9M
Retained Earnings(105.0M)(98.1M)(72.7M)(53.8M)(48.4M)(50.9M)
Accounts Payable11.1M7.6M6.3M7.0M8.0M7.4M
Cash51.9M49.7M49.6M33.3M38.3M39.4M
Other Assets1.2M1.3M1.3M1.3M1.5M1.4M
Net Receivables4.5M6.2M5.5M7.2M8.3M5.5M
Inventory4.0M5.0M5.4M6.1M7.0M4.4M
Other Current Assets7.4M6.4M10.6M9.2M10.6M8.0M
Total Liab542.5M581.3M705.8M919.0M1.1B687.9M
Total Current Assets67.7M67.3M71.2M55.9M64.3M57.3M
Short Term Debt43.7M46.6M45.9M64.9M74.7M43.6M
Intangible Assets143M143.2M151.2M167.6M150.8M122.4M
Common Stock590K592K599K607K698.1K522.7K
Long Term Debt99.8M94.7M119.8M189.0M170.1M138.7M
Net Invested Capital609.7M625.4M686.7M793.7M912.7M716.7M
Short Long Term Debt5.5M7.6M5.6M9.2M10.6M6.3M
Capital Stock590K592K599K607K698.1K603.4K
Net Working Capital(28.8M)(32.7M)(43.9M)(82.6M)(74.3M)(70.6M)

First Watch Key Income Statement Accounts

202120222023202420252026 (projected)
Interest Expense20.1M5.2M8.1M12.6M11.4M10.2M
Total Revenue601.2M730.2M891.6M1.0B1.2B686.3M
Gross Profit124.2M139.5M190.1M792.8M911.7M957.3M
Operating Income22.2M16.9M41.3M38.9M44.7M47.0M
Ebit20.5M17.8M44.1M40.7M46.8M49.1M
Ebitda52.8M52.1M85.4M98.4M113.1M118.8M
Cost Of Revenue477.0M590.6M701.4M223.1M256.6M460.7M
Income Before Tax370K12.6M36.1M28.0M32.2M33.8M
Net Income(2.1M)6.9M25.4M18.9M21.8M22.9M
Income Tax Expense2.5M5.7M10.7M9.1M10.5M11.0M
Tax Provision2.5M5.7M8.6M9.1M10.5M11.0M
Net Interest Income(20.1M)(5.2M)(7.5M)(12.6M)(14.5M)(15.3M)

First Watch Key Cash Accounts

202120222023202420252026 (projected)
Change To Inventory(1.1M)(1.0M)(62K)(508K)(457.2K)(480.1K)
Change In Cash13.0M(2.2M)38K(16.6M)(15.0M)(14.2M)
Net Borrowings(189.3M)(3.4M)22.4M70.7M81.3M85.4M
Free Cash Flow27.3M(393K)10.7M(12.3M)(14.1M)(14.8M)
Depreciation32.4M34.2M41.2M57.7M66.4M39.4M
Other Non Cash Items16.0M17.2M20.1M28.0M32.2M22.9M
Capital Expenditures35.7M63.3M84.7M127.9M147.1M154.5M
Net Income(2.1M)6.9M25.4M18.9M21.8M22.9M
End Period Cash Flow52.1M49.9M50.0M33.3M38.3M39.6M
Change To Netincome33.5M(7.2M)25.6M31.8M36.6M18.8M
Investments(35.7M)(63.1M)(100.0M)(206.7M)(186.0M)(176.7M)

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Watch's current stock value. Our valuation model uses many indicators to compare First Watch value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Watch competition to find correlations between indicators driving First Watch's intrinsic value. More Info.
First Watch Restaurant is rated # 5 in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  1.39  of Return On Asset per Return On Equity. At this time, First Watch's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Watch by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Most indicators from First Watch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Watch Restaurant current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At this time, First Watch's Enterprise Value Over EBITDA is most likely to decrease significantly in the upcoming years. The First Watch's current Enterprise Value Multiple is estimated to increase to 19.42, while Selling General Administrative is projected to decrease to roughly 80.4 M.
 2023 2024 2025 2026 (projected)
Gross Profit190.1M792.8M911.7M957.3M
Total Revenue891.6M1.0B1.2B686.3M

First Watch fundamental ratios Correlations

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Click cells to compare fundamentals

First Watch Account Relationship Matchups

First Watch fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets1.0B1.1B1.3B1.5B1.7B1.2B
Other Current Liab33.1M35.9M50.3M52.2M60.0M39.1M
Other Liab33.2M15.9M15.7M20.6M18.5M23.2M
Net Tangible Assets(160.0M)(168.0M)16.2M34.8M40.0M42.0M
Net Debt422.1M457.7M557.3M776.2M892.7M558.9M
Retained Earnings(105.0M)(98.1M)(72.7M)(53.8M)(48.4M)(50.9M)
Accounts Payable11.1M7.6M6.3M7.0M8.0M7.4M
Cash51.9M49.7M49.6M33.3M38.3M39.4M
Other Assets1.2M1.3M1.3M1.3M1.5M1.4M
Net Receivables4.5M6.2M5.5M7.2M8.3M5.5M
Inventory4.0M5.0M5.4M6.1M7.0M4.4M
Other Current Assets7.4M6.4M10.6M9.2M10.6M8.0M
Total Liab542.5M581.3M705.8M919.0M1.1B687.9M
Total Current Assets67.7M67.3M71.2M55.9M64.3M57.3M
Short Term Debt43.7M46.6M45.9M64.9M74.7M43.6M
Intangible Assets143M143.2M151.2M167.6M150.8M122.4M
Common Stock590K592K599K607K698.1K522.7K
Long Term Debt99.8M94.7M119.8M189.0M170.1M138.7M
Net Invested Capital609.7M625.4M686.7M793.7M912.7M716.7M
Short Long Term Debt5.5M7.6M5.6M9.2M10.6M6.3M
Capital Stock590K592K599K607K698.1K603.4K
Net Working Capital(28.8M)(32.7M)(43.9M)(82.6M)(74.3M)(70.6M)
Today, most investors in First Watch Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Watch's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Watch growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.22

At this time, First Watch's Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

First Watch January 29, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Watch help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Watch Restaurant. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Watch Restaurant based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Watch's daily price indicators and compare them against related drivers.

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When running First Watch's price analysis, check to measure First Watch's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Watch is operating at the current time. Most of First Watch's value examination focuses on studying past and present price action to predict the probability of First Watch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Watch's price. Additionally, you may evaluate how the addition of First Watch to your portfolios can decrease your overall portfolio volatility.
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