First Watch Restaurant vs Sweetgreen
FWRG and SG 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 SG compare
Sweetgreen is the larger company, worth 1.7 times as much as First Watch Restaurant ($1.3B against $786M).
On earnings, First Watch Restaurant is cheaper: it trades at 43.9× trailing earnings, against 111× for Sweetgreen.
First Watch Restaurant grew revenue faster over the last twelve months (19.3% versus −0.65% for Sweetgreen).
Sweetgreen keeps more of each dollar of sales as profit, with a net margin of 2.0% compared with 1.4% at First Watch Restaurant.
First Watch Restaurant scores higher on the StockData Score (11 against 8 for Sweetgreen), 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 | SG |
|---|---|---|
| Size and price | ||
| Market cap | $786M | $1.3B |
| Share price | $12.74 | $11.07 |
| Change, 1 year | −25.3% | 59.5% |
| Change, 5 years | −36.7% | – |
| Beta (5Y) | 1.14 | 1.71 |
| Employees | 30 | 6,486 |
| StockData Score | ||
| Total score | 11 (better) | 8 |
| Valuation score | 5 (better) | 1 |
| Growth score | 4 (better) | 1 |
| Performance score | 0 | 2 (better) |
| Health score | 2 | 4 (better) |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 43.9× (better) | 111× |
| P/S | 0.6× (better) | 1.9× |
| P/B | 1.2× (better) | 2.8× |
| EV/EBITDA | 9.5× | – |
| PEG | 1.06 | – |
| FCF yield | −2.7% (better) | −8.8% |
| Fair value | $16.85 | $4.65 |
| Margin of safety | 24.4% (better) | −138% |
| Growth | ||
| Revenue growth (TTM) | 19.3% (better) | −0.65% |
| Revenue growth, 5Y average | 29.0% (better) | 25.2% |
| Net income growth (TTM) | 336% | – |
| EPS growth (TTM) | 383% | – |
| Profitability | ||
| Gross margin | – | 11.7% |
| Operating margin | 2.1% (better) | −21.4% |
| Net margin | 1.4% | 2.0% (better) |
| FCF margin | −1.6% (better) | −17.1% |
| Return on equity | 2.9% | 3.1% (better) |
| Return on invested capital | 3.2% (better) | −45.4% |
| Financial health | ||
| Debt / equity | 0.46 (better) | 0.00 |
| Net debt / EBITDA | 2.43 | – |
| Interest coverage | 1.5× (better) | −1404.9× |
| Current ratio | 0.27 | 1.43 (better) |
| Altman Z-score | 1.06 (better) | 0.71 |
| Piotroski F-score | 4 (better) | 3 |
| Dividends and buybacks | ||
| Shareholder yield | 0.00% | 0.00% |
| Ownership | ||
| Held by institutions | 106% | 80.7% |
| Held by insiders | – | 12.2% |
| Insider net buying, 12 months | −$1.6M | $4.1M (better) |
| Short interest, % of float | – | 23.8% |
Go deeper
- FWRG stock overview
- FWRG income statement
- FWRG valuation and score
- SG stock overview
- SG income statement
- SG valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.