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
Returns
Return on equity	3.2%-0.1pp	3.3%-5.6pp	8.9%+6.1pp	2.8%+3.3pp
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×
Leverage
Debt-to-equity	1.6×+0.3×	1.3×+0.3×	1.1×+0.1×	1×0.0×
Net debt / EBITDA	9.6×+1.7×	8×+1.3×	6.7×-2.1×	8.8×+1.3×
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	$744.67M-22.9%	$1.13B-6.3%	$1.2B+50.0%	$801.56M-19.0%
Price / earnings	42.4×-46.4×	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	16.3×-3.5×	19.6×-1.6×	21.3×-3.2×	24.5×-0.8×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about First Watch Restaurant Group, Inc..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

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.