Where do First Watch Restaurant Group, Inc.'s ratios come from?

Every ratio is computed from First Watch Restaurant Group, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	2.3%-1.6pp	3.8%-0.8pp	4.6%+2.3pp	2.3%-1.6pp
Net margin	1.6%-0.3pp	1.9%-3.5pp	5.4%+3.4pp	2%+2.3pp
EBITDA margin	8.4%-1.1pp	9.5%+0.3pp	9.3%+2.2pp	7%-2.3pp
Returns
Return on equity	3.2%-0.1pp	3.3%-5.6pp	8.9%+6.1pp	2.8%+3.3pp
Return on assets	1.2%-0.2pp	1.4%-2.7pp	4.1%+2.7pp	1.3%+1.5pp
Return on invested capital	1.8%-0.3pp	2.1%-0.7pp	2.8%+1.8pp	1%-1.5pp
Efficiency
Asset turnover	0.8×0.0×	0.7×0.0×	0.8×+0.1×	0.7×+0.1×
Liquidity
Current ratio	0.3×-0.1×	0.4×-0.2×	0.6×-0.1×	0.7×0.0×
Quick ratio	0.3×-0.1×	0.4×-0.2×	0.6×-0.1×	0.6×0.0×
Cash ratio	0.1×-0.1×	0.2×-0.2×	0.4×-0.1×	0.5×0.0×
Leverage
Debt-to-equity	1.6×+0.3×	1.3×+0.3×	1.1×+0.1×	1×0.0×
Debt-to-assets	0.6×0.0×	0.5×+0.1×	0.5×0.0×	0.5×0.0×
Net debt / EBITDA	9.6×+1.7×	8×+1.3×	6.7×-2.1×	8.8×+1.3×
Interest coverage	1.6×-1.4×	3.1×-2.0×	5.1×+1.9×	3.2×+2.1×
Per Share
Book value per share	$9.97+4.4%	$9.55+4.1%	$9.17+5.4%	$8.70-16.9%
Valuation
Market capitalization	$752.07M-22.1%	$1.13B-6.3%	$1.2B+50.0%	$801.56M-19.0%
Enterprise value	$1.76B-1.0%	$1.9B+8.1%	$1.76B+40.1%	$1.25B-11.0%
Price / earnings	42.8×-45.9×	59.6×+34.6×	25×-31.1×	56.1×—
Price / sales	0.6×-0.3×	1.1×-0.2×	1.3×+0.3×	1.1×-0.5×
Price / book	1.2×-0.4×	1.9×-0.2×	2.1×+0.6×	1.5×-0.4×
EV / EBITDA	16.4×-3.4×	19.6×-1.6×	21.3×-3.2×	24.5×-0.8×
EV / sales	1.4×-0.3×	1.9×-0.1×	2×+0.3×	1.7×-0.6×
Earnings yield	2.3%+1.2pp	1.7%-2.3pp	4%+2.2pp	1.8%+2.0pp
PEG ratio	0.7×—	——	0.1×—	——

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Where do First Watch Restaurant Group, Inc.'s ratios come from?: Every ratio is computed from First Watch Restaurant Group, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.