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Net margin at other companies

Cracker Barrel Old Country Store logo
Cracker Barrel Old Country StoreCBRL
0.8%-0.9pp
BH
Biglari Holdings Inc.BH
-4.7%-2.0pp
Sweetgreen logo
SweetgreenSG
2.5%+1.4pp
Wingstop logo
WingstopWING
15.8%-10.7pp
BJ's Restaurants logo
BJ's RestaurantsBJRI
3.1%
Wendy's logo
Wendy'sWEN
6.8%-1.8pp

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
FCF margin-2.6%

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 May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Watch Restaurant Group, Inc.'s net margin?
First Watch Restaurant Group, Inc. (FWRG) reported net margin of 1.4% in Q1 2026.
How has First Watch Restaurant Group, Inc.'s net margin changed year-over-year?
First Watch Restaurant Group, Inc.'s net margin increased by 34.1% year-over-year, from 1% to 1.4%.
What is the long-term trend for First Watch Restaurant Group, Inc.'s net margin?
Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s net margin has grown at a 45.9% compound annual growth rate (CAGR), from -0.4% to 1.6%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.