First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.

Ken Pendery

John Sullivan

First Watch Restaurant Group, Inc.

Sohoco Group operates in various sectors including planning and development, real estate management, investment, and parking solutions.

Metric
Company Name	First Watch Restaurant Group, Inc.	Sohoco Group
Symbol	FWRG
MSH ID	COM:FIRSTWATCH	COM:SOHOCO-GROUP
Market	STOCKS	PRIVATE
Sector	Consumer Cyclical	Commercial & Professional Services
Industry	Restaurants	Real Estate
Country	US	DE
Stage
Employee Count	14K
Website	firstwatch.com	sohoco-group.com
LinkedIn		sohoco-group
Founders

Metric
Market Cap	921.89M
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	891.55M
Revenue (LTM)
Revenue (NTM)
Gross Profit	190.12M
EBITDA	89.87M
Operating Income	41.27M
Net Income	25.39M
EPS	0.41
Diluted EPS	0.41
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.21
Operating Profit Margin	0.05
EBITDA Margin	0.10
Net Profit Margin	0.04
Return on Equity	0.06
Return on Assets	0.02
Return on Capital Employed	0.04

COM:FIRSTWATCH

First Watch

Last Close

20.50

14/02 21:00

Market Cap

921.89M

Beta: -

Volume Today

367.13K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	58.46
P/B Ratio	2.34
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.72
EV Multiple	11.08

Metric
Days Sales Outstanding	1.39
Days Payables Outstanding	3.07
Days Inventory Outstanding	2.80
Operating Cycle	5.06
Cash Conversion Cycle	1.77
Asset Turnover	0.72

Metric
Operating Cash Flow	95.34M
Free Cash Flow	10.65M
Cash Flow to Debt	0.59
Operating Cash Flow/Sales	0.11
Free Cash Flow Yield	0.01

Metric
Cash & Equivalents	49.63M
Accounts Receivable	632K
Inventory	5.38M
Goodwill	359.88M
Debt to Capitalization	0.56
Debt to Assets	0.08
Current Ratio	0.53
Quick Ratio	0.55

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.01
R&D to Revenue
SG&A to Revenue	0.11