CAVA vs First Watch Restaurant
CAVA and FWRG side by side, both in eating and drinking places. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CAVA and FWRG compare
CAVA is the larger company, worth 8.7 times as much as First Watch Restaurant ($6.9B against $786M).
On earnings, First Watch Restaurant is cheaper: it trades at 43.9× trailing earnings, against 107× for CAVA.
CAVA grew revenue faster over the last twelve months (26.8% versus 19.3% for First Watch Restaurant).
CAVA keeps more of each dollar of sales as profit, with a net margin of 4.8% compared with 1.4% at First Watch Restaurant.
CAVA scores higher on the StockData Score (14 against 11 for First Watch Restaurant), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CAVA | FWRG |
|---|---|---|
| Size and price | ||
| Market cap | $6.9B | $786M |
| Share price | $58.74 | $12.74 |
| Change, 1 year | −2.9% | −25.3% |
| Change, 5 years | – | −36.7% |
| Beta (5Y) | 1.84 | 1.14 |
| Employees | 13K | 30 |
| StockData Score | ||
| Total score | 14 (better) | 11 |
| Valuation score | 1 | 5 (better) |
| Growth score | 3 | 4 (better) |
| Performance score | 4 (better) | 0 |
| Health score | 6 (better) | 2 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 107× | 43.9× (better) |
| P/S | 5.0× | 0.6× (better) |
| P/B | 8.2× | 1.2× (better) |
| EV/EBITDA | 42.3× | 9.5× (better) |
| P/FCF | 140× | – |
| PEG | – | 1.06 |
| FCF yield | 0.71% (better) | −2.7% |
| Fair value | $30.26 | $16.85 |
| Margin of safety | −94.1% | 24.4% (better) |
| Growth | ||
| Revenue growth (TTM) | 26.8% (better) | 19.3% |
| Revenue growth, 5Y average | – | 29.0% |
| Net income growth (TTM) | −52.9% | 336% (better) |
| EPS growth (TTM) | −53.8% | 383% (better) |
| Profitability | ||
| Gross margin | 24.6% | – |
| Operating margin | 5.2% (better) | 2.1% |
| Net margin | 4.8% (better) | 1.4% |
| FCF margin | 3.6% (better) | −1.6% |
| Return on equity | 8.3% (better) | 2.9% |
| Return on invested capital | 11.2% (better) | 3.2% |
| Financial health | ||
| Debt / equity | 0.00 | 0.46 (better) |
| Net debt / EBITDA | – | 2.43 |
| Interest coverage | – | 1.5× |
| Current ratio | 2.48 (better) | 0.27 |
| Altman Z-score | 7.36 (better) | 1.06 |
| Piotroski F-score | 5 (better) | 4 |
| Dividends and buybacks | ||
| Shareholder yield | 0.00% | 0.00% |
| Ownership | ||
| Held by institutions | 89.4% | 106% |
| Held by insiders | 66.7% | – |
| Insider net buying, 12 months | −$285M | −$1.6M (better) |
| Short interest, % of float | 40.8% | – |
Go deeper
- CAVA stock overview
- CAVA income statement
- CAVA valuation and score
- FWRG stock overview
- FWRG income statement
- FWRG valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.