# First Watch Restaurant Group share price today (First Watch Restaurant Group, Inc., FWRG)

> First Watch Restaurant Group, Inc.'s earnings have grown faster than its share price. Earnings per share grew +3.3% in a year while the price moved −17.3%. FWRG · Consumer Discretionary · Restaurants · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fwrg

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $13.63 (−17.3% in a year)
- P/E: 43.9× (lower than 69% of the last 1 year)
- Revenue (Jun 2026): $355 M (+15.2% on a year ago)
- Profit (Jun 2026): $2.3 M (+11.1% on a year ago)
- Operating margin: 2.5% (−0.5 points on a year ago)
- ROE: 3%, FY25
- ROIC: 2.1%, against a 5.1% cost of capital: −3.0 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the First Watch Restaurant Group share price today? First Watch Restaurant Group, Inc.'s share price was $13.63 at the close on 3 November 2026. That is 9.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $19, and at that close it sat 41% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 1 year the share price moved −22% while the S&P 500 moved +21%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does First Watch Restaurant Group pay? First Watch Restaurant Group, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is First Watch Restaurant Group on? First Watch Restaurant Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is First Watch Restaurant Group profitable? First Watch Restaurant Group, Inc. earned $2.3 M of net profit in the Jun 2026 quarter, +11.1% on the same quarter a year earlier. Full-year FY25 profit was $19.4 M. That is 0.7% of the quarter's revenue. The same quarter a year earlier earned $2.1 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $19.4 M (+2.7% on the year before). Why profit moved: revenue changed +15.2% on a year earlier and the margin moved −0.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +707.4% and revenue +19.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does First Watch Restaurant Group make, and is it growing? First Watch Restaurant Group, Inc. reported $355 M of revenue in the Jun 2026 quarter, +15.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 19.4% a year on average. The last full year, FY25, came in at $1.2 B. The last four reported quarters add to $1.3 B. FY25 revenue was $1.2 B, +20.3% on the year before. Recent pace: the last four quarters grew +19.6% on average, against 19.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.3%, against +16.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +335.6%, against −14.2% a year (accelerating). ## How much of every $100 of sales does First Watch Restaurant Group keep? First Watch Restaurant Group, Inc.'s operating margin was 2.5% in the Jun 2026 quarter, 0.5 percentage points lower than the same quarter a year ago. Across 5 years it has been between 2.8% and 5.2%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is First Watch Restaurant Group's profit turning into cash? Over the last 3 years, 529% of First Watch Restaurant Group, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $126 M of operating cash against $19.4 M of profit. After $157 M of spending on assets, free cash was −$31.0 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does First Watch Restaurant Group's cash go? First Watch Restaurant Group, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $368 M on assets over the last 3 years. Averaged over those years that is 10.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $368 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is First Watch Restaurant Group's P/E ratio, and how does it compare with its own history? First Watch Restaurant Group, Inc.'s P/E is 43.9×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 47.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +3.3% while the price moved −17.3%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the First Watch Restaurant Group business getting better or worse? First Watch Restaurant Group, Inc.'s business is turning around. Profit growth has swung from −76.2% at its low to +335.6%, improving for 3 quarters in a row, with ROCE steady at 2.0%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does First Watch Restaurant Group earn on its capital? First Watch Restaurant Group, Inc. earned a ROE of 3% in FY25. That is up from a low of 0% in FY21. Its return on capital used (ROIC) is 3.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.6% net margin and 0.70× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 1.6% net margin × 0.70× asset turnover × 2.78× leverage (assets divided by equity) ≈ 3.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.1% − 5.1% = −3.0 percentage points. The 5.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does First Watch Restaurant Group have too much debt? First Watch Restaurant Group, Inc. has total debt of $1.1 B against shareholder equity of $634 M as of Jun 2026, so its debt is 1.69× its equity. Year by year, that ratio went from 0.94 in FY21 to 1.61 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the First Watch Restaurant Group shareholding pattern? 10.6% of First Watch Restaurant Group, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is First Watch Restaurant Group from balance-sheet trouble? For First Watch Restaurant Group, Inc., the Z-score is 1.14. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.14 is inside the danger zone, so the balance sheet is a real risk. ## How does First Watch Restaurant Group rank in its industry? 49.9 out of 100, rank 13 of 29 in Restaurants, with 81% of the evidence available. First Watch Restaurant Group, Inc. scores 49.9 out of 100 against the 29 companies it is compared with in Restaurants, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.4 + 6.1 + 11.7 + 10.7 = 49.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is First Watch Restaurant Group compared with? First Watch Restaurant Group ranks 13 of 29 Restaurants companies on the 4-Factor Sector Score, with 49.9 out of 100. 1. [Brinker International, Inc.](https://www.sectoralpha.in/us/stocks/eat) EAT · quiet · Most evidence points up · 81% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 7.9% · Profit 27.1% · Operating margin change 0.9 points · 83% evidence Capital efficiency 18.3/25 · ROCE 29.3% · Operating margin 11.3% · 76% evidence Valuation 15.0/20 · P/E 15× · PEG 0.48 · 65% evidence Relative strength 12.5/20 · Lead over its industry 13% · Lead over S&P 500 17.1% · 1 year 102.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 23.3 + 18.3 + 15 + 12.5 = 69.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Yum! Brands, Inc.](https://www.sectoralpha.in/us/stocks/yum) YUM · turning · Most evidence points up · 81% evidence 69.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.1/35 · Revenue 10.3% · Profit 54.8% · Operating margin change -0.8 points · 83% evidence Capital efficiency 21.3/25 · ROCE 64.6% · Operating margin 32.8% · 76% evidence Valuation 14.8/20 · P/E 19.9× · PEG 0.35 · 65% evidence Relative strength 8.8/20 · Lead over its industry -5.9% · Lead over S&P 500 -2.8% · 1 year 5.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 24.1 + 21.3 + 14.8 + 8.8 = 69 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Wingstop Inc.](https://www.sectoralpha.in/us/stocks/wing) WING · turning · Evidence leans up · 71% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.7/35 · Revenue 7.9% · Profit -32.6% · Operating margin change 3 points · 83% evidence Capital efficiency 21.0/25 · ROCE 35.3% · Operating margin 29.8% · 76% evidence Valuation 9.5/20 · P/E 39× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry -17.7% · Lead over S&P 500 -15.9% · 1 year -32.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.7 + 21 + 9.5 + 7.5 = 60.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [The Cheesecake Factory Incorporated](https://www.sectoralpha.in/us/stocks/cake) CAKE · leader · Evidence leans up · 66% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 39% evidence Capital efficiency 11.0/25 · ROCE 9.4% · Operating margin 7.8% · 76% evidence Valuation 14.7/20 · P/E 22.1× · PEG 0.31 · 65% evidence Relative strength 13.6/20 · Lead over its industry 36% · Lead over S&P 500 41.6% · 1 year 132.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.8 + 11 + 14.7 + 13.6 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Restaurant Brands International Inc.](https://www.sectoralpha.in/us/stocks/qsr) QSR · turning · Evidence leans up · 81% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 6.5% · Profit 41.5% · Operating margin change 0.9 points · 83% evidence Capital efficiency 15.3/25 · ROCE 11.5% · Operating margin 27.7% · 76% evidence Valuation 14.5/20 · P/E 19.8× · PEG 0.49 · 65% evidence Relative strength 5.7/20 · Lead over its industry -7% · Lead over S&P 500 -3.6% · 1 year 9.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 22.6 + 15.3 + 14.5 + 5.7 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Yum China Holdings, Inc.](https://www.sectoralpha.in/us/stocks/yumc) YUMC · turning · Evidence leans up · 81% evidence 57.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 8.8% · Profit 6.1% · Operating margin change 0.2 points · 83% evidence Capital efficiency 16.3/25 · ROCE 16.8% · Operating margin 11.5% · 76% evidence Valuation 12.9/20 · P/E 14.4× · PEG 1.12 · 65% evidence Relative strength 7.2/20 · Lead over its industry -6.4% · Lead over S&P 500 -3.4% · 1 year 9.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.4 + 16.3 + 12.9 + 7.2 = 57.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Darden Restaurants, Inc.](https://www.sectoralpha.in/us/stocks/dri) DRI · turning · Evidence leans up · 85% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 8.1% · Profit 7.5% · Operating margin change 0.1 points · 95% evidence Capital efficiency 15.3/25 · ROCE 16% · Operating margin 9.9% · 76% evidence Valuation 8.6/20 · P/E 20.7× · PEG 2.15 · 65% evidence Relative strength 11.6/20 · Lead over its industry -0.3% · Lead over S&P 500 3.1% · 1 year 23.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 21 + 15.3 + 8.6 + 11.6 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Arcos Dorados Holdings Inc.](https://www.sectoralpha.in/us/stocks/arco) ARCO · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.8% · Profit 96.9% · Operating margin change 0.1 points · 83% evidence Capital efficiency 13.3/25 · ROCE 13.2% · Operating margin 5.6% · 76% evidence Valuation 16.3/20 · P/E 6.6× · PEG 0.17 · 65% evidence Relative strength 1.6/20 · Lead over its industry -22% · Lead over S&P 500 -19.3% · 1 year -3.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 13.3 + 16.3 + 1.6 = 55.8 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -3.5%. 9. [El Pollo Loco Holdings, Inc.](https://www.sectoralpha.in/us/stocks/loco) LOCO · turning · Too little evidence to rank firmly · 58% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue n/a · Profit n/a · Operating margin change 0.1 points · 45% evidence Capital efficiency 12.0/25 · ROCE 9% · Operating margin 9.9% · 76% evidence Valuation 10.9/20 · P/E 15× · PEG n/a · 15% evidence Relative strength 12.7/20 · Lead over its industry 5.5% · Lead over S&P 500 9.6% · 1 year 48.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 18.8 + 12 + 10.9 + 12.7 = 54.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Starbucks Corporation](https://www.sectoralpha.in/us/stocks/sbux) SBUX · turning · Evidence leans up · 81% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 4.5% · Profit -24.7% · Operating margin change 3.4 points · 83% evidence Capital efficiency 18.6/25 · ROCE 21.6% · Operating margin 12.9% · 76% evidence Valuation 3.9/20 · P/E 60.1× · PEG 5.07 · 65% evidence Relative strength 9.8/20 · Lead over its industry -1% · Lead over S&P 500 2.5% · 1 year 22.4% · 100% evidence · 2 of 12 weeks ahead Exact sum: 21.2 + 18.6 + 3.9 + 9.8 = 53.5 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Cannae Holdings, Inc.](https://www.sectoralpha.in/us/stocks/cnne) CNNE · breaking out · Evidence leans up · 64% evidence 50.6 out of 100 Growth Capital Valuation Relative
12. [Bloomin' Brands, Inc.](https://www.sectoralpha.in/us/stocks/blmn) BLMN · quiet · Evidence leans up · 71% evidence 50.1 out of 100 Growth Capital Valuation Relative
13. First Watch Restaurant Group, Inc. this page FWRG · turning · Evidence leans down · 81% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 19.3% · Profit 100% · Operating margin change -0.5 points · 83% evidence Capital efficiency 6.1/25 · ROCE 2% · Operating margin 2.5% · 76% evidence Valuation 11.7/20 · P/E 44.1× · PEG 0.99 · 65% evidence Relative strength 10.7/20 · Lead over its industry -5.4% · Lead over S&P 500 -2.7% · 1 year -20.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 21.4 + 6.1 + 11.7 + 10.7 = 49.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 14. [Texas Roadhouse, Inc.](https://www.sectoralpha.in/us/stocks/txrh) TXRH · quiet · Evidence leans down · 66% evidence 49.7 out of 100 Growth Capital Valuation Relative
15. [McDonald's Corporation](https://www.sectoralpha.in/us/stocks/mcd) MCD · basing · Evidence leans down · 81% evidence 46.8 out of 100 Growth Capital Valuation Relative
16. [Chipotle Mexican Grill, Inc.](https://www.sectoralpha.in/us/stocks/cmg) CMG · turning · Evidence leans down · 81% evidence 46.8 out of 100 Growth Capital Valuation Relative
17. [BJ's Restaurants, Inc.](https://www.sectoralpha.in/us/stocks/bjri) BJRI · quiet · Too little evidence to rank firmly · 56% evidence 46.8 out of 100 Growth Capital Valuation Relative
18. [Dine Brands Global, Inc.](https://www.sectoralpha.in/us/stocks/din) DIN · turning · Evidence leans down · 81% evidence 45.9 out of 100 Growth Capital Valuation Relative
19. [Sweetgreen, Inc.](https://www.sectoralpha.in/us/stocks/sg) SG · breaking out · Evidence leans down · 64% evidence 45.1 out of 100 Growth Capital Valuation Relative
20. [Super Hi International Holding Ltd.](https://www.sectoralpha.in/us/stocks/hdl) HDL · Too little evidence to rank firmly · 51% evidence 43.3 out of 100 Growth Capital Valuation Relative
21. [Cracker Barrel Old Country Store, Inc.](https://www.sectoralpha.in/us/stocks/cbrl) CBRL · breaking out · Evidence leans down · 85% evidence 39.8 out of 100 Growth Capital Valuation Relative
22. [Biglari Holdings Inc.](https://www.sectoralpha.in/us/stocks/bh) BH · basing · Evidence leans down · 71% evidence 39.1 out of 100 Growth Capital Valuation Relative
23. [Dutch Bros Inc.](https://www.sectoralpha.in/us/stocks/bros) BROS · basing · Evidence leans down · 81% evidence 38.9 out of 100 Growth Capital Valuation Relative
24. [The Wendy's Company](https://www.sectoralpha.in/us/stocks/wen) WEN · basing · Evidence leans down · 81% evidence 38.3 out of 100 Growth Capital Valuation Relative
25. [Shake Shack Inc.](https://www.sectoralpha.in/us/stocks/shak) SHAK · losing its lead · Too little evidence to rank firmly · 58% evidence 37.0 out of 100 Growth Capital Valuation Relative
26. [CAVA Group, Inc.](https://www.sectoralpha.in/us/stocks/cava) CAVA · quiet · Too little evidence to rank firmly · 56% evidence 36.9 out of 100 Growth Capital Valuation Relative
27. [Domino's Pizza, Inc.](https://www.sectoralpha.in/us/stocks/dpz) DPZ · quiet · Most evidence points down · 85% evidence 33.2 out of 100 Growth Capital Valuation Relative
28. [Black Rock Coffee Bar, Inc.](https://www.sectoralpha.in/us/stocks/brcb) BRCB · turning · Too little evidence to rank firmly · 51% evidence 33.2 out of 100 Growth Capital Valuation Relative
29. [Papa John's International, Inc.](https://www.sectoralpha.in/us/stocks/pzza) PZZA · basing · Most evidence points down · 81% evidence 32.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Restaurants](https://www.sectoralpha.in/us/sectors/restaurants), all 29 compared on one page. ## Which companies are close to First Watch Restaurant Group in size? First Watch Restaurant Group is the 25th largest of 36 Restaurants companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Biglari Holdings Inc., Biglari Holdings Inc. and Bloomin' Brands, Inc. Just below it: Cannae Holdings, Inc., Super Hi International Holding and Papa John's International, Inc. ### Restaurants companies close in size

1. [Biglari Holdings Inc.](https://www.sectoralpha.in/us/stocks/bh) $1.2 billion
2. [Biglari Holdings Inc.](https://www.sectoralpha.in/us/stocks/bh-a) $1.1 billion
3. [Bloomin' Brands, Inc.](https://www.sectoralpha.in/us/stocks/blmn) $876 million
4. First Watch Restaurant Group, Inc. $841 million
5. [Cannae Holdings, Inc.](https://www.sectoralpha.in/us/stocks/cnne) $766 million
6. [Super Hi International Holding Ltd.](https://www.sectoralpha.in/us/stocks/hdl) $683 million
7. [Papa John's International, Inc.](https://www.sectoralpha.in/us/stocks/pzza) $611 million

[All 36 Restaurants companies, largest first](https://www.sectoralpha.in/us/sectors/restaurants#all-companies)

### Companies close in size in other industries

1. [Root, Inc.](https://www.sectoralpha.in/us/stocks/root) $801 million · Insurance - Property & Casualty
2. [O-I Glass, Inc.](https://www.sectoralpha.in/us/stocks/oi) $801 million · Packaging & Containers
3. First Watch Restaurant Group, Inc. $799 million
4. [Ardmore Shipping Corporation](https://www.sectoralpha.in/us/stocks/asc) $799 million · Marine Shipping
5. [ProFrac Holding Corp.](https://www.sectoralpha.in/us/stocks/acdc) $796 million · Oil & Gas Equipment & Services

## What else do people ask about First Watch Restaurant Group? ### What were First Watch Restaurant Group's latest quarterly results? First Watch Restaurant Group, Inc. reported revenue of $355 M and net profit of $2.3 M for the Jun 2026 quarter. Revenue rose 15.2% and profit rose 11.1% compared with a year earlier. Earnings per share were $0.04 (as of 3 November 2026). ### What is First Watch Restaurant Group's market cap? First Watch Restaurant Group, Inc.'s market capitalisation is $841 M at a stock price of $13.63. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is First Watch Restaurant Group performing? First Watch Restaurant Group, Inc.'s latest readings are below. In its latest quarter, revenue rose 15.2% and profit rose 11.1% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will First Watch Restaurant Group's stock price go up? This page does not forecast First Watch Restaurant Group, Inc.'s stock price. What it shows instead: the stock price is $13.63. Its P/E of 43.9× is higher than 31% of its own last 1 years (as of 3 November 2026). ### Where is First Watch Restaurant Group in its business cycle? First Watch Restaurant Group, Inc.'s FY25 operating margin was 2.8%, against a 5-year range of 2.8% to 5.2%: the low end of its own range, which is often where recoveries start. The latest quarter was 2.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the First Watch Restaurant Group story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is First Watch Restaurant Group a stock worth studying right now? What the numbers show: First Watch Restaurant Group, Inc.'s earnings have grown faster than its share price. Earnings per share grew +3.3% in a year while the price moved −17.3%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.