First Watch Restaurant Ratios (2020-2026) | FWRG

Ratios Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025 Mar2026
Profitability
Gross Margin (Quarter)
84.79%77.22%66.91%77.24%84.41%91.92%84.54%92.46%77.95%91.99%130.51%84.82%78.42%84.54%65.35%91.80%91.94%77.94%56.03%84.32%
EBT Margin (Quarter)
3.96%0.84%-2.96%4.00%2.19%0.74%0.14%6.58%4.62%3.04%2.25%4.13%5.33%1.39%0.28%-0.54%1.16%1.80%1.40%-1.04%
EBIT Margin (Quarter)
8.00%4.54%-0.66%4.48%2.74%1.40%0.80%7.25%5.24%3.53%2.80%5.07%6.36%2.51%1.47%0.39%2.38%3.18%2.86%0.30%
EBITDA Margin (Quarter)
8.00%4.54%-0.66%4.48%2.74%1.40%0.80%7.25%5.24%3.53%2.80%5.07%6.36%2.51%1.47%0.39%2.38%3.18%2.86%0.30%
Operating Margin (Quarter)
8.00%4.54%-0.66%4.48%2.74%1.40%0.80%7.25%5.24%3.53%2.80%5.07%6.36%2.51%1.47%0.39%2.38%3.18%2.86%0.30%
Net Margin (Quarter)
2.47%0.50%-2.86%2.68%1.47%0.02%2.80%4.43%3.68%2.47%1.08%2.98%3.44%0.84%0.27%-0.29%0.68%0.95%2.55%-0.81%
FCF Margin (Quarter)
10.36%3.77%6.43%4.41%-1.30%-1.92%31.66%9.67%2.53%-2.57%-3.38%-1.49%0.89%2.70%-6.73%-5.81%-0.55%1.73%-5.80%1.54%
Efficiency
Inventory Average (Quarter)
3.75M3.87M3.85M4.04M4.57M4.72M4.65M4.84M5.09M5.29M5.43M5.50M5.72M6.16M6.49M6.63M6.83M7.16M
Assets Average (Quarter)
1,042.88M1,048.13M1,064.79M1,085.36M1,097.46M1,109.75M1,138.84M1,184.23M1,236.45M1,273.15M1,357.95M1,460.81M1,499.66M1,529.25M1,610.07M1,698.11M1,731.13M1,758.04M
Invested Capital (Quarter)
291.29M102.94M3.78M4.39M5.63M100.92M99.04M99.06M97.84M125.39M125.74M198.72M197.48M198.27M201.81M261.82M264.11M282.38M282.10M
Asset Utilization Ratio (Quarter)
0.580.620.640.650.670.690.700.700.720.720.710.680.680.690.690.690.710.72
Leverage & Solvency
Interest Coverage Ratio (Quarter)
1.961.180.100.734.491.920.851.560.030.130.160.874.861.830.800.070.330.470.480.06
Debt Ratio (Quarter)
0.280.100.100.090.090.090.090.090.080.100.100.140.130.130.130.160.150.160.16
Times Interest Earned (Quarter)
1.961.180.100.734.491.920.851.560.030.130.160.874.861.830.800.070.330.470.480.06
Valuation
Enterprise Value (Quarter)
-52.10M-52.12M-46.77M-53.82M-49.62M-49.92M-54.67M-67.09M-40.76M-50.09M-43.50M-46.07M-51.13M-33.33M-18.61M-19.18M-20.71M-21.25M-23.57M
Return Ratios
Return on Sales (Quarter)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Return on Capital Employed (Quarter)
2.35%2.71%1.94%1.45%1.70%2.40%2.99%3.34%3.68%3.28%3.50%3.16%2.86%2.00%1.28%1.47%1.76%1.73%
Return on Invested Capital (Quarter)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Return on Assets (Quarter)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%