First Watch Restaurant Stock Net Income
| FWRG Stock | USD 16.51 0.45 2.65% |
As of the 26th of January, First Watch shows the Mean Deviation of 2.36, standard deviation of 3.08, and Variance of 9.46. First Watch Restaurant technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm First Watch Restaurant market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if First Watch Restaurant is priced favorably, providing market reflects its regular price of 16.51 per share. Given that First Watch has information ratio of (0.06), we urge you to verify First Watch Restaurant's prevailing market performance to make sure the company can sustain itself at a future point.
First Watch Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.6839 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 7.9 M | 8.3 M | |
| Net Income | 21.8 M | 22.9 M | |
| Net Income From Continuing Ops | 21.8 M | 22.9 M | |
| Net Income Per Share | 0.38 | 0.40 | |
| Net Income Per E B T | 0.81 | 0.85 |
First | Net Income | Build AI portfolio with First Stock |
Latest First Watch's Net Income Growth Pattern
Below is the plot of the Net Income of First Watch Restaurant over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in First Watch Restaurant financial statement analysis. It represents the amount of money remaining after all of First Watch Restaurant operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is First Watch's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Watch's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 18.93 M | 10 Years Trend |
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Net Income |
| Timeline |
First Net Income Regression Statistics
| Arithmetic Mean | (6,591,665) | |
| Geometric Mean | 14,420,602 | |
| Coefficient Of Variation | (321.94) | |
| Mean Deviation | 15,679,492 | |
| Median | (12,296,000) | |
| Standard Deviation | 21,221,378 | |
| Sample Variance | 450.3T | |
| Range | 75.1M | |
| R-Value | 0.52 | |
| Mean Square Error | 349.5T | |
| R-Squared | 0.27 | |
| Significance | 0.03 | |
| Slope | 2,193,134 | |
| Total Sum of Squares | 7205.5T |
First Net Income History
Other Fundumenentals of First Watch Restaurant
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
First Watch Net Income component correlations
First Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for First Watch is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Net Income. Since First Watch's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Watch's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Watch's interrelated accounts and indicators.
Click cells to compare fundamentals
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 | Quarterly Revenue Growth 0.256 | Return On Assets |
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.
First Watch 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Watch's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Watch.
| 10/28/2025 |
| 01/26/2026 |
If you would invest 0.00 in First Watch on October 28, 2025 and sell it all today you would earn a total of 0.00 from holding First Watch Restaurant or generate 0.0% return on investment in First Watch over 90 days. First Watch is related to or competes with SUPER HI, Cannae Holdings, Biglari Holdings, BJs Restaurants, Sweetgreen, Xpel, and LGI Homes. First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name More
First Watch Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Watch's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Watch Restaurant upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.8 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 5.78 |
First Watch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Watch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Watch's standard deviation. In reality, there are many statistical measures that can use First Watch historical prices to predict the future First Watch's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.06) |
First Watch January 26, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 2.36 | |||
| Coefficient Of Variation | (3,316) | |||
| Standard Deviation | 3.08 | |||
| Variance | 9.46 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 16.8 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 5.78 | |||
| Skewness | 1.14 | |||
| Kurtosis | 2.23 |
First Watch Restaurant Backtested Returns
First Watch Restaurant secures Sharpe Ratio (or Efficiency) of -0.021, which denotes the company had a -0.021 % return per unit of risk over the last 3 months. First Watch Restaurant exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Watch's Variance of 9.46, standard deviation of 3.08, and Mean Deviation of 2.36 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.62, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Watch will likely underperform. At this point, First Watch Restaurant has a negative expected return of -0.0658%. Please make sure to confirm First Watch's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if First Watch Restaurant performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
First Watch Restaurant has below average predictability. Overlapping area represents the amount of predictability between First Watch time series from 28th of October 2025 to 12th of December 2025 and 12th of December 2025 to 26th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Watch Restaurant price movement. The serial correlation of 0.39 indicates that just about 39.0% of current First Watch price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
First Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, First Watch Restaurant reported net income of 18.93 M. This is 96.29% lower than that of the Hotels, Restaurants & Leisure sector and 93.79% lower than that of the Consumer Discretionary industry. The net income for all United States stocks is 96.69% higher than that of the company.
First Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Watch's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Watch could also be used in its relative valuation, which is a method of valuing First Watch by comparing valuation metrics of similar companies.First Watch is currently under evaluation in net income category among its peers.
First Watch Current Valuation Drivers
We derive many important indicators used in calculating different scores of First Watch from analyzing First Watch's financial statements. These drivers represent accounts that assess First Watch's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Watch's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Enterprise Value | 1.9B | 1.2B | 1.3B | 1.8B | 1.6B | 1.2B |
First Watch ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Watch's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Watch's managers, analysts, and investors.Environmental | Governance | Social |
First Watch Institutional Holders
Institutional Holdings refers to the ownership stake in First Watch that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Watch's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Watch's value.| Shares | Granahan Investment Management Inc.. | 2025-06-30 | 1.6 M | Neuberger Berman Group Llc | 2025-06-30 | 1.6 M | 12 West Capital Management Lp | 2025-06-30 | 1.5 M | Riverbridge Partners Llc | 2025-06-30 | 1.3 M | Marshall Wace Asset Management Ltd | 2025-06-30 | 1.2 M | Loomis, Sayles & Company Lp | 2025-06-30 | 1.1 M | Brown Advisory Holdings Inc | 2025-06-30 | 1.1 M | Geode Capital Management, Llc | 2025-06-30 | 1 M | Wellington Management Company Llp | 2025-06-30 | 1 M | Advent International Lp | 2025-06-30 | 14.7 M | Blackrock Inc | 2025-06-30 | 2.9 M |
First Fundamentals
| Return On Equity | 0.0083 | ||||
| Return On Asset | 0.0115 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 1.97 B | ||||
| Shares Outstanding | 61.03 M | ||||
| Shares Owned By Insiders | 2.10 % | ||||
| Shares Owned By Institutions | 97.90 % | ||||
| Number Of Shares Shorted | 5.66 M | ||||
| Price To Earning | 282.50 X | ||||
| Price To Book | 1.66 X | ||||
| Price To Sales | 0.86 X | ||||
| Revenue | 1.02 B | ||||
| Gross Profit | 238.14 M | ||||
| EBITDA | 98.38 M | ||||
| Net Income | 18.93 M | ||||
| Cash And Equivalents | 53.57 M | ||||
| Cash Per Share | 0.91 X | ||||
| Total Debt | 809.55 M | ||||
| Debt To Equity | 0.95 % | ||||
| Current Ratio | 0.75 X | ||||
| Book Value Per Share | 9.95 X | ||||
| Cash Flow From Operations | 115.67 M | ||||
| Short Ratio | 5.22 X | ||||
| Earnings Per Share | 0.08 X | ||||
| Price To Earnings To Growth | 2.17 X | ||||
| Target Price | 22.18 | ||||
| Number Of Employees | 15 K | ||||
| Beta | 0.89 | ||||
| Market Capitalization | 1.01 B | ||||
| Total Asset | 1.51 B | ||||
| Retained Earnings | (53.82 M) | ||||
| Working Capital | (82.6 M) | ||||
| Net Asset | 1.51 B |
About First Watch Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Watch Restaurant's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Watch using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Watch Restaurant based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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:Check out First Watch Piotroski F Score and First Watch Altman Z Score analysis. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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 | Quarterly Revenue Growth 0.256 | Return On Assets |
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.