First Watch Restaurant (FWRG) Price to Sales (2021 - 2026)
First Watch Restaurant's (FWRG) Price to Sales was 0.60 for Q2 2026, down 32.9% from 0.89 a year earlier but up 19.4% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Price to Sales (2021 - 2026) Analysis & Trends
For FY2025, Price to Sales at First Watch Restaurant was 0.80, down 28.8% from FY2024.
- By year, Price to Sales came in at 1.12 in FY2024 (-17.3%), 1.35 in FY2023 (+17.2%), 1.15 in FY2022 (-10.0%) and 1.28 in FY2021.
- Five-year quarterly Price to Sales spans a low of 0.50 in Q1 2026 and a high of 1.61 in Q1 2024.
- Year over year, Price to Sales has now declined in each of the last nine quarters, with an average decline of 28.1% over the last eight quarters.
- The high point for year-over-year Price to Sales in five years was Q1 2024 (growth of 36.0%); the low point was Q1 2026 (a decline of 48.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.50 (Q1 2026), 0.80 (Q4 2025) and 0.84 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 164.13 Bn | 158.95 Bn | 6.42 Bn |
| 2 | Starbucks | 107.97 Bn | 95.60 Bn | - |
| 3 | Chipotle Mexican Grill | 41.04 Bn | 37.02 Bn | - |
| 4 | Yum Brands | 37.16 Bn | 34.04 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 24.42 Bn | 21.52 Bn | 1.38 Bn |
| 6 | Darden Restaurants | 22.67 Bn | 21.77 Bn | 1.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn |
| 8 | Yum China Holdings | 13.79 Bn | 8.16 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 10.24 Bn | 9.60 Bn | - |
| 10 | First Watch Restaurant | 652.30 Mn | 566.29 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 0.60 |
| Mar 29, 2026 | 0.50 |
| Dec 28, 2025 | 0.80 |
| Sep 28, 2025 | 0.84 |
| Jun 29, 2025 | 0.89 |
| Mar 30, 2025 | 0.97 |
| Dec 29, 2024 | 1.12 |
| Sep 29, 2024 | 0.96 |
| Jun 30, 2024 | 1.10 |
| Mar 31, 2024 | 1.61 |
| Dec 31, 2023 | 1.35 |
| Sep 24, 2023 | 1.29 |
| Jun 25, 2023 | 1.20 |
| Mar 26, 2023 | 1.18 |
| Dec 25, 2022 | 1.15 |
| Sep 25, 2022 | 1.21 |
| Jun 26, 2022 | 1.26 |
| Mar 27, 2022 | 1.15 |
| Dec 26, 2021 | 1.28 |
API Access
First Watch Restaurant Price to Sales 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=price-to-sales&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-sales&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();