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First Watch Restaurant Group (FWRG)
NASDAQ:FWRG
US Market
FWRG
First Watch Restaurant Group
RESEARCH TOOLSreports

First Watch Restaurant Group (FWRG) Ratios

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117 Followers

First Watch Restaurant Group Ratios

FWRG's free cash flow for Q4 2025 was $-0.58. For the 2025 fiscal year, FWRG's free cash flow was decreased by $ and operating cash flow was $0.07. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
 0.29 0.29 0.40 0.62 0.67
Quick Ratio
 0.25 0.25 0.36 0.57 0.62
Cash Ratio
 0.13 0.13 0.24 0.43 0.50
Solvency Ratio
 0.08 0.08 0.08 0.09 0.07
Operating Cash Flow Ratio
 0.75 0.75 0.84 0.83 0.63
Short-Term Operating Cash Flow Coverage
 1.43 1.43 12.54 16.94 8.25
Net Current Asset Value
$ -1.07B$ -1.07B$ -863.09M$ -634.57M$ -514.02M
Leverage Ratios
Debt-to-Assets Ratio
 0.42 0.42 0.53 0.48 0.46
Debt-to-Equity Ratio
 1.18 1.18 1.36 1.08 0.97
Debt-to-Capital Ratio
 0.54 0.54 0.58 0.52 0.49
Long-Term Debt-to-Capital Ratio
 0.51 0.51 0.24 0.18 0.15
Financial Leverage Ratio
 2.78 2.78 2.54 2.26 2.11
Debt Service Coverage Ratio
 0.89 1.11 4.08 5.45 3.60
Interest Coverage Ratio
 0.83 2.02 3.08 5.12 3.23
Debt to Market Cap
 0.99 0.79 0.18 0.10 0.13
Interest Debt Per Share
 12.80 12.41 13.62 10.33 8.67
Net Debt to EBITDA
 6.60 6.60 7.89 6.53 8.79
Profitability Margins
Gross Profit Margin
13.04%13.04%78.04%21.32%19.11%
EBIT Margin
2.76%2.76%4.00%4.95%2.44%
EBITDA Margin
8.90%8.90%9.68%9.57%7.13%
Operating Profit Margin
2.76%2.76%3.83%4.63%2.32%
Pretax Profit Margin
0.99%0.99%2.76%4.05%1.72%
Net Profit Margin
1.47%1.59%1.86%2.85%0.95%
Continuous Operations Profit Margin
1.47%1.59%1.86%2.85%0.95%
Net Income Per EBT
148.49%160.16%67.53%70.37%54.86%
EBT Per EBIT
35.93%35.93%72.03%87.42%74.45%
Return on Assets (ROA)
1.03%1.12%1.25%2.00%0.63%
Return on Equity (ROE)
2.96%3.10%3.18%4.52%1.32%
Return on Capital Employed (ROCE)
2.14%2.14%2.83%3.58%1.68%
Return on Invested Capital (ROIC)
2.03%2.03%1.82%2.42%0.88%
Return on Tangible Assets
1.57%1.69%2.00%3.36%1.12%
Earnings Yield
2.43%2.07%1.69%2.12%0.86%
Efficiency Ratios
Receivables Turnover
 178.23 178.23 140.42 161.16 118.46
Payables Turnover
 122.18 122.18 32.05 110.92 77.82
Inventory Turnover
 148.18 148.18 36.47 130.35 117.47
Fixed Asset Turnover
 1.12 1.12 1.14 1.31 1.33
Asset Turnover
 0.70 0.70 0.67 0.70 0.66
Working Capital Turnover Ratio
 -9.72 -12.16 -16.06 -23.29 -23.74
Cash Conversion Cycle
 1.52 1.52 1.22 1.77 1.50
Days of Sales Outstanding
 2.05 2.05 2.60 2.26 3.08
Days of Inventory Outstanding
 2.46 2.46 10.01 2.80 3.11
Days of Payables Outstanding
 2.99 2.99 11.39 3.29 4.69
Operating Cycle
 4.51 4.51 12.61 5.06 6.19
Cash Flow Ratios
Operating Cash Flow Per Share
 2.07 2.07 1.92 1.60 1.06
Free Cash Flow Per Share
 -0.51 -0.51 -0.20 0.18 >-0.01
CapEx Per Share
 2.57 2.57 2.12 1.42 1.07
Free Cash Flow to Operating Cash Flow
 -0.25 -0.25 -0.11 0.11 >-0.01
Dividend Paid and CapEx Coverage Ratio
 0.80 0.80 0.90 1.13 0.99
Capital Expenditure Coverage Ratio
 0.80 0.80 0.90 1.13 0.99
Operating Cash Flow Coverage Ratio
 0.17 0.17 0.14 0.16 0.12
Operating Cash Flow to Sales Ratio
 0.10 0.10 0.11 0.11 0.09
Free Cash Flow Yield
-4.16%-3.29%-1.10%0.89%-0.05%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 41.22 48.41 59.11 47.14 115.77
Price-to-Sales (P/S) Ratio
 0.61 0.77 1.10 1.34 1.10
Price-to-Book (P/B) Ratio
 1.19 1.50 1.88 2.13 1.53
Price-to-Free Cash Flow (P/FCF) Ratio
 -24.03 -30.35 -91.12 112.36 -2.03K
Price-to-Operating Cash Flow Ratio
 5.90 7.47 9.67 12.55 12.70
Price-to-Earnings Growth (PEG) Ratio
 0.14 15.01 -2.12 0.18 -0.29
Price-to-Fair Value
 1.19 1.50 1.88 2.13 1.53
Enterprise Value Multiple
 13.45 15.25 19.26 20.55 24.15
Enterprise Value
 1.46B 1.66B 1.89B 1.75B 1.26B
EV to EBITDA
 13.45 15.25 19.26 20.55 24.15
EV to Sales
 1.20 1.36 1.87 1.97 1.72
EV to Free Cash Flow
 -47.20 -53.53 -154.35 164.69 -3.20K
EV to Operating Cash Flow
 11.62 13.18 16.38 18.40 19.98
Tangible Book Value Per Share
 0.51 0.51 0.48 0.84 0.59
Shareholders’ Equity Per Share
 10.27 10.27 9.86 9.43 8.85
Tax and Other Ratios
Effective Tax Rate
 -0.48 -0.60 0.32 0.30 0.45
Revenue Per Share
 20.05 20.05 16.83 14.98 12.36
Net Income Per Share
 0.30 0.32 0.31 0.43 0.12
Tax Burden
 1.48 1.60 0.68 0.70 0.55
Interest Burden
 0.36 0.36 0.69 0.82 0.71
Research & Development to Revenue
 0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
 0.11 0.11 0.11 0.12 0.12
Stock-Based Compensation to Revenue
 <0.01 <0.01 <0.01 <0.01 0.01
Income Quality
 6.48 6.48 6.11 3.76 9.11
Currency in USD