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Price / earnings at other companies

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26.7×+10.0×
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480.1×+470×
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36.7×
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38.1×+0.5×
BJ's Restaurants logo
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18.2×
Wendy's logo
Wendy'sWEN
8.9×-4.2×

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/S0.6×-0.3×

Profitability

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Operating margin2.2%-0.5pp
Net margin1.4%+0.4pp
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 the most recent quarter.

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 price / earnings?
First Watch Restaurant Group, Inc. (FWRG) reported price / earnings of 36.5× in Q1 2026.
How has First Watch Restaurant Group, Inc.'s price / earnings changed year-over-year?
First Watch Restaurant Group, Inc.'s price / earnings decreased by 60.7% year-over-year, from 92.9× to 36.5×.
What is the long-term trend for First Watch Restaurant Group, Inc.'s price / earnings?
Over 3 years (2022 to 2025), First Watch Restaurant Group, Inc.'s price / earnings has grown at a -5.5% compound annual growth rate (CAGR), from 56.1× to 47.4×.
What does price / earnings mean?
Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.