FWRG
First Watch Restaurant Group Inc
NASDAQ: FWRG · CONSUMER CYCLICAL · RESTAURANTS
$13.12
+1.63% today
Updated 2026-04-30
Market cap
$792.50M
P/E ratio
41.48
P/S ratio
0.65x
EPS (TTM)
$0.31
Dividend yield
—
52W range
$10 – $20
Volume
1.9M
First Watch Restaurant Group Inc (FWRG) Financial statements
SEC filings — annual and quarterly data.
Profit margin
1.59%
Operating margin
3.17%
ROE
3.18%
ROA
1.30%
Debt/equity
1.62x
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2018 | $349.77M | $-12.30M | 20.40% | 0.92% | -3.52% |
| 2019 | $436.37M | $-45.44M | 20.03% | -8.61% | -10.41% |
| 2020 | $342.39M | $-49.68M | 8.73% | -13.79% | -14.51% |
| 2021 | $601.19M | $-2.11M | 20.66% | 3.70% | -0.35% |
| 2022 | $730.16M | $6.91M | 19.11% | 2.32% | 0.95% |
| 2023 | $891.55M | $25.39M | 21.32% | 4.63% | 2.85% |
| 2024 | $1.02B | $18.93M | 78.04% | 3.83% | 1.86% |
| 2025 | $1.22B | $19.43M | 13.04% | 2.76% | 1.59% |