First Watch Restaurant Group Inc Market Cap ($690.56 Million)
Market Cap & Net Worth: First Watch Restaurant Group Inc (FWRG)
First Watch Restaurant Group Inc market cap. First Watch Restaurant Group Inc (NASDAQ:FWRG) has a market capitalization of $690.56 Million ($690.56 Million) as of November 1, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #10268 globally and #2781 in its home market, demonstrating a 10.21% increase 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 $12.74 by its total outstanding shares 61712435 (61.71 Million). Also see First Watch Restaurant Group Inc (FWRG) cash flow conversion for how efficiently the company converts equity into cash flow.
First Watch Restaurant Group Inc Market Cap History (2021–2026)
First Watch Restaurant Group Inc market cap history from 2021 to 2026. Data shows change from $1.03 Billion to $786.22 Million (-10.30% CAGR). Check today's stock price for First Watch Restaurant Group Inc for real-time trading data and today's change.
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
|
$40.09 Trillion | 0.00% | #1074 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. Explore FWRG shareholders equity momentum to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
0.76x
First Watch Restaurant Group Inc's market cap is 0.76 times its annual revenue
Latest Price to Earnings (P/E) Ratio
47.89x
First Watch Restaurant Group Inc's market cap is 47.89 times its annual earnings
What 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 | $1.03 Billion | $601.19 Million | -$2.11 Million | 1.72x | N/A |
| 2022 | $834.97 Million | $730.16 Million | $6.91 Million | 1.14x | 120.89x |
| 2023 | $1.24 Billion | $891.55 Million | $25.39 Million | 1.39x | 48.86x |
| 2024 | $1.15 Billion | $1.02 Billion | $18.93 Million | 1.13x | 60.69x |
| 2025 | $930.62 Million | $1.22 Billion | $19.43 Million | 0.76x | 47.89x |
Competitor Companies of FWRG by Market Capitalization
Companies near First Watch Restaurant Group Inc in the global market cap rankings as of November 1, 2026. Also see First Watch Restaurant Group Inc asset portfolio for a full breakdown of the balance sheet.
Key companies related to First Watch Restaurant Group Inc by market ranking:
- McDonald’s Corporation (NYSE:MCD): Ranked #116 globally with a market cap of $183.40 Billion USD.
- Starbucks Corporation (NASDAQ:SBUX): Ranked #235 globally with a market cap of $106.26 Billion USD.
- COMPASS GROUP (F:XGR): Ranked #578 globally with a market cap of $46.25 Billion USD ( €39.56 Billion EUR).
- Yum! Brands Inc (NYSE:YUM): Ranked #639 globally with a market cap of $41.79 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #116 | McDonald’s Corporation | NYSE:MCD | $183.40 Billion | $258.12 |
| #235 | Starbucks Corporation | NASDAQ:SBUX | $106.26 Billion | $103.67 |
| #578 | COMPASS GROUP | F:XGR | $46.25 Billion | €30.40 |
| #639 | Yum! Brands Inc | NYSE:YUM | $41.79 Billion | $155.40 |
Market Capitalization of First Watch Restaurant Group Inc (2021–2026)
Market capitalization of First Watch Restaurant Group Inc from 2021 to today. Between 2021 and today, First Watch Restaurant Group Inc's market cap moved from $1.03 Billion to $ 786.22 Million, with a yearly change of -10.30%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $786.22 Million | -15.52% |
| 2025 | $930.62 Million | -18.97% |
| 2024 | $1.15 Billion | -7.41% |
| 2023 | $1.24 Billion | +48.56% |
| 2022 | $834.97 Million | -19.27% |
| 2021 | $1.03 Billion | -- |
End of Day Market Cap According to Different Sources
On Nov 1st, 2026 the market cap of First Watch Restaurant Group Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $690.56 Million USD |
| MoneyControl | $690.56 Million USD |
| MarketWatch | $690.56 Million USD |
| marketcap.company | $690.56 Million USD |
| Reuters | $690.56 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About 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. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.