To the full analysis
First Watch Restaurant Group stock: growth
FWRGFirst Watch Restaurant Group reported $1.22B in revenue for fiscal 2025, up 20.3% on the prior year, up 29% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
19.6%
per year from 2018 to 2025, per share 14.5%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 29.0% | 19.6% |
| Revenue per share | 27.5% | 14.5% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $349.77M | −$12.3M | −$6.95M |
| 2019 | $436.37M | −$45.44M | −$37.7M |
| 2020 | $342.39M | −$49.68M | −$45.34M |
| 2021 | $601.19M | −$2.11M | $27.29M |
| 2022 | $730.16M | $6.91M | −$393K |
| 2023 | $891.55M | $25.39M | $10.65M |
| 2024 | $1.02B | $18.93M | −$12.28M |
| 2025 | $1.22B | $19.43M | −$30.99M |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 28 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Sep 2022)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.