# First Watch Restaurant Group, Inc. (FWRG)

> Consumer Cyclical · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/FWRG/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 685.63M | $ -346.0K | $ -8.42M | $ 1.07B | $ 634.17M |
| 2025 | $ 1.25B | $ 18.45M | $ -31.74M | $ 1.01B | $ 626.28M |
| 2024 | $ 1.07B | $ 19.89M | $ -13.01M | $ 809.55M | $ 595.39M |
| 2023 | $ 963.99M | $ 27.45M | $ 11.52M | $ 606.97M | $ 561.28M |
| 2022 | $ 815.67M | $ 7.72M | $ -439.0K | $ 507.35M | $ 523.14M |
| 2021 | $ 714.61M | $ -2.50M | $ 32.44M | $ 473.97M | $ 504.43M |
| 2020 | $ 436.18M | $ -63.29M | $ -57.61M | $ 637.90M | $ 320.87M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.69 |
| Liabilities / Eq | 1.87 |
| Current Ratio | 0.27 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 135.91 |

## Other views

- [Metrics](https://sponda.capital/en/FWRG.md)
- [Charts](https://sponda.capital/en/FWRG/charts.md)
- [Compare](https://sponda.capital/en/FWRG/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.