FWRG - First Watch Restaurant Group, Inc.

📈 Is growth accelerating? 7 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Revenue Growth YoY (%)	10.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+53%)	15.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+117%)	17.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+147%)	20.2% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+188%)	25.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+266%)	19.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+173%)	16.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+134%)	7.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+9%)	14.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+111%)	19.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+179%)	14.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+110%)	31.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+353%)	17.3% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+147%)	17.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+147%)	22.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+216%)	14.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+103%)	18.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+167%)	19.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+183%)	36.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+416%)	48.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+595%)	57.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+726%)	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	60.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	33.3% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-300.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2400.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	66.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-80.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-80.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-66.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	15.4% Good Good Year-over-year change in earnings per share Optimal: > 10%	-25.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	160.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	90.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-37.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	33.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-223.9% Weak ↓ Weak Declining Year-over-year change in net income	-223.9% Weak ↓ Weak Declining Year-over-year change in net income	-223.9% Weak Weak Year-over-year change in net income	2069.4% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	-73.6% Weak ↓ Weak Declining Year-over-year change in net income	33.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-9.4% Weak ↓ Weak Declining Year-over-year change in net income	-22.9% Weak ↓ Weak Declining Year-over-year change in net income	N/M	11678.3% Excellent ↑ Excellent Improving Year-over-year change in net income	194.0% Excellent ↑ Excellent Improving Year-over-year change in net income	101.7% Excellent ↑ Excellent Improving Year-over-year change in net income	89.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-94.1% Weak ↓ Weak Declining Year-over-year change in net income	-28.9% Weak Weak Year-over-year change in net income	N/M	34.6% Excellent Excellent Year-over-year change in net income	N/M	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	—	—	N/M	—	—	—	-350.2% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	N/M	—	—	—	45.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	16.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	17.9% Excellent → Excellent Stable Compound annual revenue growth over 3 years	16.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	19.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	18.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.7% Excellent → Excellent Stable Compound annual revenue growth over 3 years	17.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	16.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	18.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	24.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	30.8% Excellent Excellent Compound annual revenue growth over 3 years	30.0% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	17.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	18.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	21.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	23.7% Excellent Excellent Compound annual revenue growth over 5 years	25.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-3.9% Weak Weak Compound annual EPS growth over 3 years	-32.5% Weak Weak Compound annual EPS growth over 3 years	—	—	—	-15.7% Weak Weak Compound annual EPS growth over 3 years	—	—	14.5% Good Good Compound annual EPS growth over 3 years	23.3% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Operating Margin (%) (%)	3.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	0.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	2.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	2.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	0.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	1.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	2.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	6.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	5.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	2.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	3.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	5.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	7.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	0.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	1.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	2.7% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	4.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	-0.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	4.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	8.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	3.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	-4.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	-8.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	—	—	—	—
Effective Tax Rate (%) (%)	26.1% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-243.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	47.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	46.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.6% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.0% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	51.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.7% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	289.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	96.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	-0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	-0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	-0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-104%)	0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	2.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	3.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	2.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	3.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	0.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	2.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	-2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	0.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	2.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	-1.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-120%)	-6.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-181%)	-11.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-240%)	—	—	—	—
FCF Margin (%) (%)	1.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-3.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-5.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-5.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-6.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-1.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-3.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	3.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-0.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-1.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	—	10.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-3.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-2.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—
FCF / Net Income (x)	-1.91x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.87x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.90x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.21x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	19.81x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-25.35x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	-0.50x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-3.12x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.71x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.94x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	-0.73x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.25x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	—	4.19x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.29x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Return on Invested Capital (%)	1.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	0.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-2.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—
Return on Capital (%) (%)	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-0.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	-0.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	-0.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	2.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-88%)	-0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	1.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	1.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	1.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	0.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-98%)	1.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-95%)	1.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-93%)	1.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-91%)	-0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	0.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	0.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-97%)	0.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-95%)	-0.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-105%)	0.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	1.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	-0.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-103%)	-2.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-111%)	-3.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-117%)	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Interest Coverage (x)	2.32x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.75x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.22x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.05x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	0.36x Weak Weak Operating income divided by interest expense Optimal: > 5x	0.60x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	4.73x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.04x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	4.19x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.57x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.04x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.60x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.92x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	4.49x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	7.71x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-0.74x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.18x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.96x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.61x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.75x Weak Weak Operating income divided by interest expense Optimal: > 5x	-1.48x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—
Net Debt (USD)	$-21.07M	$-20.48M	$-23.57M	$-21.25M	$-20.71M	$-19.18M	$-18.61M	$-33.31M	$-51.13M	$-45.10M	$-43.24M	—	$-39.92M	$-66.77M	$-54.42M	—	$-49.37M	$-53.57M	$-46.52M	—	$-51.85M	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Revenue per Share (USD)	$5.67	$5.75	$5.40	—	$5.18	$5.05	$4.64	—	$4.16	$4.28	$4.04	—	$3.68	$3.64	$3.57	—	$3.16	$3.12	$2.93	—	$3.50	$3.42	$2.83	—	$2.22	—	—	—	—
Basic EPS, GAAP (USD)	$0.08	$0.04	$-0.04	$0.25	$0.05	$0.03	$-0.01	$0.01	$0.03	$0.15	$0.12	$0.05	$0.09	$0.13	$0.16	$-0.01	$0.00	$0.05	$0.08	$-0.10	$0.02	$0.08	$-0.05	$-0.15	$-0.25	—	—	—	—
Free Cash Flow per Share (USD)	$0.08	$-0.21	$0.08	—	—	—	$-0.27	—	—	—	$-0.06	—	—	—	$0.11	—	—	—	$-0.06	—	—	$0.35	$-0.10	—	—	—	—	—	—
Book Value per Share (USD)	$10.43	$10.28	$10.19	$10.32	$9.95	$9.85	$9.78	$9.81	$9.73	$9.70	$9.51	—	$9.32	$9.18	$9.02	—	$8.80	$8.75	$8.66	—	$7.20	$7.17	$7.09	—	$7.28	—	—	—	—
Tangible Book Value per Share (USD)	$0.89	$0.70	$0.57	$0.51	$0.16	$0.03	$0.52	$0.48	$0.35	$0.27	$1.03	—	$0.83	$0.86	$0.78	—	$0.54	$0.49	$0.39	—	$-3.65	$7.17	$7.09	—	$7.28	—	—	—	—
Basic Weighted Avg Shares (shares)	61.72M	61.67M	61.24M	—	61.03M	61.01M	60.77M	—	60.43M	60.38M	60.01M	—	59.65M	59.39M	59.24M	—	59.09M	59.06M	59.05M	—	45.01M	45.01M	45.01M	—	45.01M	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Working Capital (USD)	$-143.88M	$-130.36M	$-125.92M	$-118.42M	$-133.05M	$-115.38M	$-97.59M	$-82.60M	$-61.01M	$-51.44M	$-43.04M	—	$-51.48M	$-24.12M	$-21.50M	—	$-27.32M	$-22.85M	$-22.00M	—	$-18.30M	—	—	—	—	—	—	—	—
Total Equity (USD)	$643.84M	$634.17M	$627.66M	$626.28M	$607.31M	$601.31M	$596.29M	$595.39M	$589.13M	$585.78M	$574.44M	$561.28M	$557.09M	$545.84M	$534.56M	$523.13M	$520.27M	$517.12M	$511.36M	$504.43M	$324.16M	$322.94M	$318.95M	$320.87M	$327.81M	$298.75M	$329.80M	$329.80M	$374.67M

📋 What is driving earnings? 3 metrics

Metric	Q3 FY2026 Sep 27, 2026 10-Q ↗	Q2 FY2026 Jun 28, 2026 10-Q ↗	Q1 FY2026 Mar 29, 2026 10-Q ↗	Q4 FY2025 Dec 28, 2025 10-K ↗	Q3 FY2025 Sep 28, 2025 10-Q ↗	Q2 FY2025 Jun 29, 2025 10-Q ↗	Q1 FY2025 Mar 30, 2025 10-Q ↗	Q4 FY2024 Dec 29, 2024 10-K ↗	Q3 FY2024 Sep 29, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 24, 2023 10-Q ↗	Q2 FY2023 Jun 25, 2023 10-Q ↗	Q1 FY2023 Mar 26, 2023 10-Q ↗	Q4 FY2022 Dec 25, 2022 10-K ↗	Q3 FY2022 Sep 25, 2022 10-Q ↗	Q2 FY2022 Jun 26, 2022 10-Q ↗	Q1 FY2022 Mar 27, 2022 10-Q ↗	Q4 FY2021 Dec 26, 2021 10-K ↗	Q3 FY2021 Sep 26, 2021 10-Q ↗	Q2 FY2021 Jun 27, 2021 10-Q ↗	Q1 FY2021 Mar 28, 2021 10-Q ↗	Q4 FY2020 Dec 27, 2020 10-K ↗	Q3 FY2020 Sep 27, 2020 10-Q ↗	Q2 FY2020 Jun 28, 2020 10-Q ↗	Q1 FY2020 Dec 29, 2019 10-Q ↗	Q4 FY2019 Dec 29, 2019 10-K ↗	Q4 FY2018 Dec 30, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$349.86M	$354.67M	$330.96M	$316.35M	$316.02M	$307.89M	$282.24M	$263.29M	$251.61M	$258.56M	$242.45M	$244.63M	$219.21M	$216.30M	$211.41M	$185.75M	$186.85M	$184.45M	$173.11M	$162.62M	$157.44M	$153.96M	$127.17M	$109.39M	$99.75M	—	—	—	—
Net Income, GAAP (USD)	$-2.69M	$-2.69M	$-2.69M	$15.16M	$-829.00K	$-829.00K	$-829.00K	$699.00K	$7.21M	$7.21M	$7.21M	$2.65M	$5.42M	$7.96M	$9.36M	$-486.00K	$46.00K	$2.71M	$4.64M	$-4.65M	$783.00K	$3.81M	$-2.04M	$-7.12M	$-11.14M	—	—	—	—
Operating Cash Flow (USD)	$48.55M	$27.44M	$34.46M	$18.46M	—	—	$20.14M	$22.92M	—	—	$24.98M	$22.29M	—	—	$21.14M	$16.29M	—	—	$7.99M	$18.71M	—	$24.60M	$5.83M	$2.03M	—	—	—	—	—

First Watch Restaurant Group, Inc.

Analytical Summary

29-Year Financial Trajectory

Health Breakdown

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