First Watch is executing an aggressive unit growth strategy, with revenue up 20.3% TTM and quarterly growth accelerating to 15.2% in 2026Q2. However, this expansion is heavily debt-funded (D/E at 1.69) and has yet to translate into consistent profitability, as...
Price trend, volume and key moving averages
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $0.04-24.0% vs $0.05 | $355M+0.9% vs $352M |
Q2 2026 May 5, 2026 | -$0.04-100.0% vs -$0.02 | $331M+0.5% vs $329M |
Q1 2026 Feb 24, 2026 | $0.24+200.0% vs $0.08 | $316M+0.0% vs $316M |
Q4 2025 Nov 4, 2025 | $0.05-37.5% vs $0.08 | $316M-0.5% vs $317M |
Canada Pension Plan Investment Board purchased a new stake in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 59,300 shares of the company's stock, valued at approximately $764,000. Canada Pension Plan Investment Board owned about
BlackRock Inc. purchased a new position in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,534,132 shares of the company's stock, valued at approximately $58,445,000. BlackRock Inc. owned about 7.35% of First
BRADENTON, Fla., Aug. 27, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announces it will participate in two investor conferences in September:
Coffee prices surge to six-month highs on supply concerns from Brazil and Colombia, with Super El Niño posing further upside risk into 2026–2027. Starbucks (SBUX) launches Pumpkin Spice Latte season amid intensified competition from Dutch Bros (BROS), First Watch (FWRG), Dunkin, Krispy Kreme (DNUT), and Panera.
Benchmark FWRG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for First Watch Restaurant Group, Inc. (FWRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.20 | $629.47M | 32.90 | 20.34% | 1.59% | 3.18% | — | |
| $6.25 | $321.87M | 15.24 | -2.5% | 2.24% | — | — | |
| $47.52 | $1.06B | 23.07 | 0.37% | 0.79% | 5.89% | — | |
| $61.54 | $1.29B | 28.49 | 3.08% | 2.86% | 10.97% | — | |
| $104.41 | $5.19B | 34.01 | 4.75% | 4.61% | 38.83% | — | |
| $7.73 | $143M | -5.90 | -3.07% | -2.55% | — | — |
First Watch Restaurant Group, Inc. (FWRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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First Watch Restaurant Group, Inc. (FWRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
Aug 4, 2026·SEC
Jun 8, 2026·SEC
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First Watch Restaurant Group, Inc. (FWRG) stock FAQ — growth, dividends, profitability & financials explained
First Watch Restaurant Group, Inc. (FWRG) reported $1.32B in revenue for fiscal year 2025. This represents a 277% increase from $349.8M in 2018.
First Watch Restaurant Group, Inc. (FWRG) grew revenue by 20.3% over the past year. This is strong growth.
Yes, First Watch Restaurant Group, Inc. (FWRG) is profitable, generating $17.8M in net income for fiscal year 2025 (1.6% net margin).
First Watch Restaurant Group, Inc. (FWRG) has a return on equity (ROE) of 3.2%. This is below average, suggesting room for improvement.
First Watch Restaurant Group, Inc. (FWRG) had negative free cash flow of $21.0M in fiscal year 2025, likely due to heavy capital investments.
