First Watch Restaurant Group, Inc. FWRG Net debt / EBITDA

Net debt / EBITDA at other companies

Dine Brands GlobalDIN

8.1×+2.2×

Cracker Barrel Old Country StoreCBRL

11×+4.8×

BH

Biglari Holdings Inc.BH

11.1×+11.0×

El Pollo LocoLOCO

2.5×-0.7×

Noodles & CompanyNDLS

20.7×—

BJ's RestaurantsBJRI

3.6×—

FAQ

What is First Watch Restaurant Group, Inc.'s net debt / EBITDA?

First Watch Restaurant Group, Inc. (FWRG) reported net debt / EBITDA of 9.4× in Q1 2026.

How has First Watch Restaurant Group, Inc.'s net debt / EBITDA changed year-over-year?

First Watch Restaurant Group, Inc.'s net debt / EBITDA increased by 3.8% year-over-year, from 9.1× to 9.4×.

What is the long-term trend for First Watch Restaurant Group, Inc.'s net debt / EBITDA?

Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s net debt / EBITDA has grown at a 6.4% compound annual growth rate (CAGR), from 7.5× to 9.6×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.