First Watch Revenue vs. Net Income
| FWRG Stock | USD 12.61 0.68 5.70% |
Total Revenue | First Reported 2020-03-31 | Previous Quarter 316 M | Current Value 316.4 M | Quarterly Volatility 74 M |
Macro event markers
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.2 | 0.2132 |
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This profitability view for First Watch summarizes how income scales against revenue, assets, and equity using core ratios.
First Watch's Revenue Distribution by Segment
First Watch Restaurant reports income from 7 product segments. First Watch's revenue is anchored by In-Restaurant Dining Sales (480.79 Million, 52.5%), followed by Franchisor Owned Outlet (313.96 Million, 34.3%). While one segment leads, First Watch's remaining product lines provide a degree of revenue balance.
Investing Opportunities.
Macro event markers
First Watch Revenue by Earnings Segment Summary
The breakdown below shows how First Watch's revenue is split across product segments for the most recent reporting period. At 0.0%, Initial Fees is the narrowest segment in First Watch's product mix.
The estimates help frame performance context across reporting periods. The estimates are presented as context for broader analysis and timeframe comparison.
Quarterly Earnings Growth 22.903 | Earnings Share 0.31 | Revenue Per Share | Quarterly Revenue Growth 0.202 | Return On Assets |
The market value of First Watch Restaurant is measured differently than book value, which reflects First accounting equity. First Watch's market capitalization is 729.38 M. First Watch P/B of 1.16 shows the market assigns a modest premium over accounting equity. Enterprise value stands at 1.72 B. Intrinsic value reflects what First Watch's fundamentals imply about worth, which may differ from both the trading price and the book figure. Analytical frameworks help reconcile those views.
It is useful to distinguish First Watch's value from its trading price, which are computed with different methods. For First Watch, key inputs include a P/E ratio of 282.5, a P/B ratio of 1.16, a profit margin of 1.59%, and ROE of 3.18%. First Watch's trading price represents the transaction level agreed by market participants.
First Watch Restaurant Net Income vs. Revenue Fundamental Analysis
Financial ratio benchmarking estimates First Watch's competitive valuation profile. First Watch Restaurant ranks fifth among stocks in revenue across its competitive set. It also ranks fifth among stocks in net income across its competitive set at roughly 0.02 Net Income per unit of Revenue. First Watch Restaurant carries a 62.91 x Revenue-to-Net Income ratio. According to the latest estimates, Total Revenue is recovering with a magnitude of about 59.05%. Trailing twelve-month data shows Total Revenue at 1.22 Billion. Relative ratio analysis evaluates First Watch's earnings valuation.First Revenue vs. Competition
First Watch Restaurant ranks fifth among stocks in revenue across its competitive set. Market size based on revenue of Consumer Discretionary industry is currently estimated at about 12.03 Billion. First Watch retains roughly 1.22 Billion in revenue claiming about 10% of market share in Consumer Discretionary space.
First Net Income vs. Revenue
Revenue is income that a firm generates from business activities such as rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
First Watch |
| = | 1.22 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
First Watch |
| = | 19.43 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
First Net Income Comparison
First Watch is currently under evaluation in net income across its competitive set.
First Watch Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in First Watch, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Watch will eventually generate negative long term returns. The profitability progress is the general direction of First Watch's change in net profit over the period of time. It can combine multiple indicators of First Watch, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.1 M | -1 M | |
| Operating Income | 33.8 M | 35.5 M | |
| Income Before Tax | 12.1 M | 12.7 M | |
| Total Other Income Expense Net | -21.6 M | -22.7 M | |
| Net Income Applicable To Common Shares | 7.9 M | 8.3 M | |
| Net Income | 19.4 M | 20.4 M | |
| Income Tax Expense | -7.3 M | -6.9 M | |
| Net Interest Income | -16.7 M | -17.5 M | |
| Net Income From Continuing Ops | 19.4 M | 20.4 M | |
| Change To Netincome | 36.6 M | 18.8 M | |
| Net Income Per Share | 0.43 | 0.45 | |
| Income Quality | 3.76 | 3.94 | |
| Net Income Per E B T | 0.70 | 0.74 |
First Profitability Driver Comparison
Understanding First Watch's profitability drivers is a critical part of evaluating First Watch as an investment. Unexpected events - from regulatory changes to commodity price movements - can materially alter the profit trajectory and investment outlook during any given holding period.
Earnings per Share Projection vs Actual
Use First Watch in pair-trading
A pair strategy built around First Watch Restaurant is useful when investors want to reduce directional market exposure while still expressing a relative-value idea. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
First Watch Pair Trading
First Watch Restaurant Pair Trading Analysis
Identifying correlated replacements for First Watch is particularly important in concentrated portfolios where First Watch Restaurant represents a large allocation. A poor substitute could introduce unintended factor or sector risks that persist beyond the required waiting period.
Correlation is not causation, but for First Watch it is a practical tool. High correlations between First Watch Restaurant and a potential addition to the portfolio flag concentrated exposure, while low correlations signal diversification potential.
Correlation analysis and pair evaluation for First Watch can support hedging context. The view can be extended across sectors or other related groups.Use Investing Themes to Complement your First Watch position
At 729.38 Million in the Restaurants space, First Watch Restaurant smaller-cap profile gives investors a structured starting point for building sector-aligned themes. For First Watch Restaurant in Restaurants, the theme workflow defines the investment thesis first, then optimizes which Consumer Cyclical assets best express that view at the smaller-cap level.
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