1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Restaurants
First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc.

FWRG
First Watch Restaurant Group, Inc.US flagNASDAQ Global Select
10.53
USD
+0.09
- -
649.12MMarket Cap

Income Statement (USD)

APIChat
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
436
342
601
730
892
1,016
1,223
+ Sales & Services Revenue
436
342
601
730
892
1,016
1,223
- Cost of Revenue
349
313
477
591
701
803
988
+ Cost of Goods & Services
349
313
477
591
701
803
988
Gross Profit
87
30
124
140
190
213
234
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
90
77
103
119
144
171
204
+ Selling, General & Admin
56
46
70
85
103
113
129
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
34
31
32
34
41
58
75
Operating Income (Loss)
-2
-47
21
20
46
42
30
- Non-Operating (Income) Loss
56
22
21
8
10
14
18
+ Interest Expense, Net
20
23
20
5
8
13
17
+ Interest Expense
20
23
20
5
8
13
17
- Interest Income
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
36
- -
1
3
2
1
2
Pretax Income
-58
-70
- -
13
36
28
12
- Income Tax Expense (Benefit)
-12
-20
2
6
11
9
-7
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
-45
-50
-2
7
25
19
19
- Net Extraordinary Losses (Gains)
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
-45
-50
-2
7
25
19
19
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-45
-50
-2
7
25
19
19
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
-45
-50
-2
7
25
19
19
EBIT
-2
-47
21
20
46
42
30
EBITDA
26
-16
54
55
87
100
106
EBITDA Margin (%)
5.91
-4.8
8.96
7.47
9.76
9.82
8.63
EBITA
-2
-47
21
20
46
42
30
Gross Margin (%)
20.03
8.73
20.66
19.11
21.32
20.97
19.18
Operating Margin (%)
-0.52
-13.78
3.57
2.79
5.13
4.14
2.49
Profit Margin (%)
-10.41
-14.51
-0.35
0.95
2.85
1.86
1.59
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
28
31
32
34
41
58
75
Basic Weighted Avg Shares
58
58
48
59
60
60
61
Basic EPS, GAAP
-0.79
-0.86
-0.04
0.12
0.43
0.31
0.32
Basic EPS from Cont Ops
-0.79
-0.86
-0.04
0.12
0.43
0.31
0.32
Diluted Weighted Avg Shares
59
59
48
60
61
62
63
Diluted EPS, GAAP
-0.78
-0.85
-0.04
0.11
0.41
0.3
0.31
Diluted EPS from Cont Ops
-0.78
-0.85
-0.04
0.11
0.41
0.3
0.31

Balance Sheet (USD)

APIChat
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
24
49
68
67
71
56
49
+ Cash, Cash Equivalents & STI
11
39
52
50
50
33
21
+ Cash & Cash Equivalents
11
39
52
50
50
33
21
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
6
4
4
6
6
7
7
+ Accounts Receivable, Net
1
2
2
2
3
2
3
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
5
2
2
4
3
5
4
+ Inventories
3
3
4
5
5
6
7
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
3
3
4
5
5
6
7
+ Other ST Assets
5
3
7
6
11
9
14
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
958
958
979
1,037
1,196
1,458
1,693
+ Property, Plant & Equip, Net
467
468
490
547
683
889
1,093
+ Property, Plant & Equip
524
555
605
693
865
1,118
1,379
- Accumulated Depreciation
57
86
116
146
181
229
286
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
491
490
490
490
513
569
600
+ Total Intangible Assets
490
489
488
488
511
566
595
+ Goodwill
345
345
345
345
360
399
420
+ Other Intangible Assets
145
144
143
143
151
168
175
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
1
1
1
1
2
3
5
Total Assets
982
1,008
1,047
1,104
1,267
1,514
1,742
+ Payables & Accruals
22
16
26
29
40
44
43
+ Accounts Payable
5
4
11
8
6
7
9
+ Accrued Taxes
4
3
4
5
7
9
10
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
13
10
11
16
27
28
24
+ ST Debt
30
44
44
47
46
65
88
+ ST Borrowings
3
4
6
8
6
9
13
+ ST Finance Leases
27
40
38
39
40
56
75
+ Other ST Liabilities
20
16
27
25
29
29
36
+ Deferred Revenue
7
4
5
5
5
6
7
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
13
12
23
19
23
24
29
Total Current Liabilities
73
77
97
100
115
138
167
+ LT Debt
546
594
430
461
561
745
920
+ LT Borrowings
250
286
100
95
120
189
269
+ LT Finance Leases
296
308
330
366
441
556
651
+ Other LT Liabilities
33
16
16
21
30
36
28
+ Accrued Liabilities
30
14
12
17
25
32
22
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
3
2
3
3
4
4
6
Total Noncurrent Liabilities
579
610
446
481
591
780
948
Total Liabilities
652
687
542
581
706
919
1,116
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
383
424
609
621
635
650
662
+ Common Stock
- -
- -
1
1
1
1
1
+ Additional Paid in Capital
383
423
609
621
634
649
661
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
-53
-103
-105
-98
-73
-54
-34
+ Other Equity
- -
- -
- -
- -
-1
- -
-1
Equity Before Minority Interest
330
321
504
523
561
595
626
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
Total Equity
330
321
504
523
561
595
626
Total Liabilities & Equity
982
1,008
1,047
1,104
1,267
1,514
1,742
Shares Outstanding
58
58
59
59
60
61
61
Number of Employees
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
323
348
369
405
482
611
726
Net Debt
242
251
53
53
76
165
261
Net Debt to Equity
73.45
78.27
10.59
10.06
13.5
27.71
41.7
Tangible Common Equity Ratio
-32.5
-32.4
2.9
5.64
6.64
3.08
2.72
Current Ratio
0.33
0.64
0.7
0.67
0.62
0.4
0.29
Cash Conversion Cycle
- -
-0.88
-1.96
-1.85
0.11
0.56
0.37

Cash Flow Statement (USD)

APIChat
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
-45
-50
-2
7
25
19
19
+ Depreciation & Amortization
28
31
32
34
41
58
75
+ Non-Cash Items
34
-6
27
32
37
43
35
+ Stock-Based Compensation
1
1
9
10
8
9
11
+ Deferred Income Taxes
-13
-20
2
5
8
7
-10
+ Asset Impairment Charge
34
- -
- -
1
1
1
- -
+ Other Non-Cash Adj
12
13
16
16
20
28
33
+ Chg in Non-Cash Work Cap
5
7
6
-10
-8
-4
-3
+ (Inc) Dec in Accts Receiv
-3
2
-1
-2
1
-2
- -
+ (Inc) Dec in Inventories
- -
- -
-1
-1
- -
-1
-1
+ (Inc) Dec in Prepaid Assets
- -
1
-3
- -
-5
1
-7
+ Inc (Dec) in Accts Payable
5
-2
19
-2
9
3
11
+ Inc (Dec) in Other
4
6
-8
-6
-12
-6
-8
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
21
-18
63
63
95
116
126
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
- -
- -
- -
-1
- -
- -
-1
+ Acq of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
-1
- -
- -
-1
+ Cash (Repurchase) of Equity
- -
- -
182
- -
- -
- -
- -
+ Increase in Capital Stock
- -
- -
182
- -
- -
- -
- -
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
- -
- -
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
-23
- -
- -
- -
-40
-79
-56
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
-23
- -
- -
- -
-40
-79
-56
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
-59
-27
-35
-62
-83
-128
-157
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-82
-27
-36
-63
-123
-207
-214
+ Dividends Paid
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Debt
66
33
-189
-4
21
93
75
+ Cash From Debt
134
77
103
4
30
242
471
+ Repayments of Debt
-68
-43
-292
-8
-9
-149
-396
+ Other Financing Activities
-11
40
-7
2
7
-19
1
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
56
73
-14
-2
28
74
76
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
-5
28
13
-2
- -
-17
-12
EBITDA
26
-16
54
55
87
100
106
EBITDA Margin (%)
5.91
-4.8
8.96
7.47
9.76
9.82
8.63
Free Cash Flow
21
-19
63
62
95
116
125
Net Cash Paid for Acquisitions
23
- -
- -
- -
40
79
56
Free Cash Flow to Firm
- -
- -
-52
65
101
124
- -
Free Cash Flow to Equity
- -
15
-126
59
116
209
201
Free Cash Flow per Basic Share
0.37
-0.32
1.3
1.05
1.6
1.91
2.05
Price/Free Cash Flow
- -
- -
12.76
12.7
12.88
10.02
7.48
Cash Flow to Net Income
-0.47
0.37
-29.89
9.11
3.76
6.11
6.48
Capital Expenditures
- -
- -
- -
-1
- -
- -
-1