First Watch Restaurant FWRG
NASDAQ FWRG
$10.44 +0.21 (+2.05%)
As of: Oct 2, 2026 · 10:23 AM EDT

First Watch Restaurant (FWRG) EV to FCF (2021 - 2024)

Updated

First Watch Restaurant's (FWRG) EV to FCF came in at 809.38 for Q1 2024, up 913.1% from 79.89 a year earlier and up 742.1% from the prior quarter.

Analysis

First Watch Restaurant (FWRG) EV to FCF (2021 - 2024) Analysis & Trends

For the trailing twelve months through Mar 31, 2024, EV to FCF at First Watch Restaurant was 721.71, up 999.5% year-over-year; for FY2023, it was 96.11, down 91.3% from FY2022.

  • In prior years, First Watch Restaurant's EV to FCF was 1102.67 in FY2022 and 25.96 in FY2021.
  • The Q1 2024 figure stands as the highest quarterly EV to FCF since Q4 2022.
  • On a year-over-year basis, EV to FCF increased in three of the last five quarters, with growth averaging 209.3%.
  • According to Business Quant data, EV to FCF for the three prior quarters was 96.11 (Q4 2023), 53.30 (Q3 2023) and 41.66 (Q2 2023).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Mcdonalds 163.51 Bn 158.34 Bn 6.42 Bn
2 Starbucks 107.11 Bn 94.75 Bn -
3 Chipotle Mexican Grill 40.42 Bn 36.40 Bn -
4 Yum Brands 37.23 Bn 34.12 Bn 1.47 Bn
5 Restaurant Brands International 24.82 Bn 21.92 Bn 1.38 Bn
6 Darden Restaurants 22.06 Bn 21.17 Bn -113.70 Mn
7 Restaurant Brands International Limited Partnership 17.01 Bn 12.57 Bn 1.38 Bn
8 Yum China Holdings 14.18 Bn 8.54 Bn 537.00 Mn
9 Texas Roadhouse 10.25 Bn 9.62 Bn -
10 First Watch Restaurant 627.62 Mn 541.61 Mn -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2024 809.38
Dec 31, 2023 96.11
Sep 24, 2023 53.30
Jun 25, 2023 41.66
Mar 26, 2023 79.89
Dec 25, 2022 1,102.67
Sep 25, 2022 66.71
Jun 26, 2022 37.10
Mar 27, 2022 24.03
Dec 26, 2021 25.96
API Access

First Watch Restaurant EV to FCF API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=FWRG&period=max&api_key=YOUR_API_KEY