First Watch Restaurant Group Inc
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name 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. The company was founded in 1983 and is based in Bradenton, Florida.
Market Cap & Net Worth: First Watch Restaurant Group Inc (FWRG)
First Watch Restaurant Group Inc (NASDAQ:FWRG) has a market capitalization of $728.11 Million ($728.11 Million) as of March 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #9019 globally and #4423 in its home market, demonstrating a -7.73% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying First Watch Restaurant Group Inc's stock price $11.93 by its total outstanding shares 61032105 (61.03 Million).
First Watch Restaurant Group Inc Market Cap History: 2021 to 2026
First Watch Restaurant Group Inc's market capitalization history from 2021 to 2026. Data shows change from $1.02 Billion to $728.11 Million (-12.94% CAGR).
Index Memberships
First Watch Restaurant Group Inc is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$33.26 Trillion | 0.00% | #963 of 3165 |
Weight: First Watch Restaurant Group Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
First Watch Restaurant Group Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how First Watch Restaurant Group Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
1.12x
First Watch Restaurant Group Inc's market cap is 1.12 times its annual revenue
0.15x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
60.02x
First Watch Restaurant Group Inc's market cap is 60.02 times its annual earnings
18.48x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2021 | $1.02 Billion | $601.19 Million | -$2.11 Million | 1.70x | N/A |
| 2022 | $825.76 Million | $730.16 Million | $6.91 Million | 1.13x | 119.55x |
| 2023 | $1.23 Billion | $891.55 Million | $25.39 Million | 1.38x | 48.33x |
| 2024 | $1.14 Billion | $1.02 Billion | $18.93 Million | 1.12x | 60.02x |
Competitor Companies of FWRG by Market Capitalization
Companies near First Watch Restaurant Group Inc in the global market cap rankings as of March 18, 2026.
Key companies related to First Watch Restaurant Group Inc by market ranking:
- McDonald’s Corporation (NYSE:MCD): Ranked #65 globally with a market cap of $231.14 Billion USD.
- Starbucks Corporation (NASDAQ:SBUX): Ranked #173 globally with a market cap of $111.23 Billion USD.
- Compass Group PLC (PINK:CMPGF): Ranked #408 globally with a market cap of $53.24 Billion USD.
- COMPASS GROUP (F:XGR): Ranked #477 globally with a market cap of $45.14 Billion USD ( €43.98 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #65 | McDonald’s Corporation | NYSE:MCD | $231.14 Billion | $326.65 |
| #173 | Starbucks Corporation | NASDAQ:SBUX | $111.23 Billion | $97.82 |
| #408 | Compass Group PLC | PINK:CMPGF | $53.24 Billion | $31.90 |
| #477 | COMPASS GROUP | F:XGR | $45.14 Billion | €26.00 |
First Watch Restaurant Group Inc Historical Marketcap From 2021 to 2026
Between 2021 and today, First Watch Restaurant Group Inc's market cap moved from $1.02 Billion to $ 728.11 Million, with a yearly change of -12.94%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $728.11 Million | -20.89% |
| 2025 | $920.36 Million | -18.97% |
| 2024 | $1.14 Billion | -7.41% |
| 2023 | $1.23 Billion | +48.56% |
| 2022 | $825.76 Million | -19.27% |
| 2021 | $1.02 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 17th, 2026 the market cap of First Watch Restaurant Group Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $728.11 Million USD |
| MoneyControl | $728.11 Million USD |
| MarketWatch | $728.11 Million USD |
| marketcap.company | $728.11 Million USD |
| Reuters | $728.11 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.