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Price / sales at other companies

Cracker Barrel Old Country Store logo
Cracker Barrel Old Country StoreCBRL
0.2×-0.1×
BH
Biglari Holdings Inc.BH
2.6×+0.8×
Sweetgreen logo
SweetgreenSG
0.9×-3.4×
Wingstop logo
WingstopWING
-3.9×
BJ's Restaurants logo
BJ's RestaurantsBJRI
0.6×0.0×
Wendy's logo
Wendy'sWEN
0.6×-0.5×

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×

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 / sales?
First Watch Restaurant Group, Inc. (FWRG) reported price / sales of 0.5× in Q1 2026.
How has First Watch Restaurant Group, Inc.'s price / sales changed year-over-year?
First Watch Restaurant Group, Inc.'s price / sales decreased by 47.4% year-over-year, from 1× to 0.5×.
What is the long-term trend for First Watch Restaurant Group, Inc.'s price / sales?
Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s price / sales has grown at a -17.8% compound annual growth rate (CAGR), from 1.6× to 0.8×.
What does price / sales mean?
Market capitalization at the quarter end divided by trailing-twelve-month revenue. The price the market pays for each dollar of sales.