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Free cash flow margin at other companies

Cracker Barrel Old Country Store logo
Cracker Barrel Old Country StoreCBRL
1.3%-1.1pp
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Biglari Holdings Inc.BH
20.5%
Sweetgreen logo
SweetgreenSG
-17.6%+929pp
Wingstop logo
WingstopWING
19.7%+4.6pp
BJ's Restaurants logo
BJ's RestaurantsBJRI
5.7%+4.8pp
Wendy's logo
Wendy'sWEN
10.1%-0.9pp

Other financials

Income statement

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Revenue$331.0M+17.3%
Operating income$999.0K-10.2%
Net income-$2.7M-224%
EPS (diluted)-$0.04-300%

Balance sheet

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Cash & equivalents$23.6M+26.6%
Total debt$1.0B+24.1%
Total equity$627.7M+5.3%
Total assets$1.8B+14.9%

Cash flow

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Operating cash flow$34.5M+71.1%
CapEx$29.3M-19.7%
Free cash flow$5.1M+131%

Valuation

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Market cap$744.67M-22.9%
Enterprise value$1.75B-1.4%
P/E42.4×-46.4×
P/S0.6×-0.3×

Profitability

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Operating margin2.2%-0.5pp
Net margin1.4%+0.4pp

Returns & leverage

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Return on equity2.9%+1.0pp
Debt / equity1.6×+0.3×
Current ratio0.3×0.0×

Where this comes from

Calculated from First Watch Restaurant Group, Inc.’s reported figures.

Based on trailing twelve months.

The official record: First Watch Restaurant Group, Inc.’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Watch Restaurant Group, Inc.'s free cash flow margin?
First Watch Restaurant Group, Inc. (FWRG) reported free cash flow margin of -2.6% in Q2 2025.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.