First Watch Restaurant Group, Inc.FWRG
Consumer Discretionary
$12.45▾ 3.19%
End-of-day close · 2026-08-06
What most investors miss

Trends, drivers and alerts — the full picture.

Profit → Cash
$7.20cash per $1 profit
Strong

It turns every reported profit-dollar into real cash, and then some.

Valuation
21th pctvs its own history
Cheap

Its valuation sits in the cheaper end of its own recent range.

Revenue growth
+15.2%year over year
Decelerating

Still growing fast, but the pace has been easing.

Leverage
Not enough data yet

Term-debt data is not available for this company.

More coming: dilution / share-count creep.

Fair value
Undervalued
Trading about 36% below our fair-value range
Value-trap risk

A cash-flow (DCF) estimate cross-checked against peer multiples.

✦ The read

First Watch Restaurant Group, Inc. turns 720¢ of every reported profit-dollar into real cash. Still growing fast, but the pace has been easing. Its valuation sits in the cheaper end of its own recent range.

Key numbers
Valuation
EPS (TTM)$0.29
TTM (trailing 12 months, through fiscal Q2 FY2026)
Profitability
Net margin1.4%
TTM (trailing 12 months, through fiscal Q2 FY2026)
Size
Revenue (TTM)$1.32B
TTM (trailing 12 months, through fiscal Q2 FY2026)
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Recent news
Sentiment · last 30 days1 article
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Signals and key numbers are from the fiscal Q2 FY2026 filing. Price freshness: end-of-day close on Free, 15-min delayed on Pro.