First Watch Restaurant vs Noodles
FWRG and NDLS 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 FWRG and NDLS compare
First Watch Restaurant is the larger company, worth 8.6 times as much as Noodles ($786M against $91.6M).
First Watch Restaurant grew revenue faster over the last twelve months (19.3% versus 0.19% for Noodles).
First Watch Restaurant keeps more of each dollar of sales as profit, with a net margin of 1.4% compared with −4.7% at Noodles.
First Watch Restaurant scores higher on the StockData Score (11 against 2 for Noodles), 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 | FWRG | NDLS |
|---|---|---|
| Size and price | ||
| Market cap | $786M | $91.6M |
| Share price | $12.74 | $15.35 |
| Change, 1 year | −25.3% | 167% |
| Change, 5 years | −36.7% | −84.4% |
| Beta (5Y) | 1.14 | 1.13 |
| Employees | 30 | 6,500 |
| StockData Score | ||
| Total score | 11 (better) | 2 |
| Valuation score | 5 (better) | 1 |
| Growth score | 4 (better) | 1 |
| Performance score | 0 | 0 |
| Health score | 2 (better) | 0 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 43.9× | – |
| P/S | 0.6× | 0.2× (better) |
| P/B | 1.2× | – |
| EV/EBITDA | 9.5× (better) | 16.3× |
| P/FCF | – | 24.4× |
| PEG | 1.06 | – |
| FCF yield | −2.7% | 4.1% (better) |
| Fair value | $16.85 | – |
| Margin of safety | 24.4% | – |
| Growth | ||
| Revenue growth (TTM) | 19.3% (better) | 0.19% |
| Revenue growth, 5Y average | 29.0% (better) | 4.7% |
| Net income growth (TTM) | 336% | – |
| EPS growth (TTM) | 383% | – |
| Profitability | ||
| Operating margin | 2.1% (better) | −2.6% |
| Net margin | 1.4% (better) | −4.7% |
| FCF margin | −1.6% | 0.76% (better) |
| Return on equity | 2.9% | – |
| Return on invested capital | 3.2% (better) | −16.1% |
| Financial health | ||
| Debt / equity | 0.46 | – |
| Net debt / EBITDA | 2.43 (better) | 8.65 |
| Interest coverage | 1.5× (better) | −1.2× |
| Current ratio | 0.27 | 0.29 (better) |
| Altman Z-score | 1.06 (better) | 0.50 |
| Piotroski F-score | 4 (better) | 3 |
| Dividends and buybacks | ||
| Shareholder yield | 0.00% | 0.00% |
| Ownership | ||
| Held by institutions | 106% | 47.9% |
| Insider net buying, 12 months | −$1.6M | – |
Go deeper
- FWRG stock overview
- FWRG income statement
- FWRG valuation and score
- NDLS stock overview
- NDLS income statement
- NDLS valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.