First Watch Restaurant vs TH International
FWRG and THCH 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 THCH compare
First Watch Restaurant grew revenue faster over the last twelve months (19.3% versus −5.4% for TH International).
First Watch Restaurant keeps more of each dollar of sales as profit, with a net margin of 1.4% compared with −33.0% at TH International.
First Watch Restaurant scores higher on the StockData Score (9 against 1 for TH International), 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 | THCH |
|---|---|---|
| Size and price | ||
| Market cap | $837M | – |
| Share price | $13.56 | $1.24 |
| Change, 1 year | −23.3% | −52.5% |
| Change, 5 years | −35.9% | −97.5% |
| Beta (5Y) | 1.11 | 0.44 |
| Employees | 30 | 1,544 |
| StockData Score | ||
| Total score | 9 (better) | 1 |
| Valuation score | 4 (better) | 0 |
| Growth score | 3 (better) | 0 |
| Performance score | 0 | 1 (better) |
| Health score | 2 (better) | 0 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 46.8× | – |
| P/S | 0.6× | – |
| P/B | 1.3× | – |
| EV/EBITDA | 9.9× | – |
| PEG | 1.13 | – |
| FCF yield | −2.5% | – |
| Fair value | $16.15 | – |
| Margin of safety | 16.0% | – |
| Growth | ||
| Revenue growth (TTM) | 19.3% (better) | −5.4% |
| Revenue growth, 5Y average | 29.0% | 44.1% (better) |
| Net income growth (TTM) | 336% | – |
| EPS growth (TTM) | 383% | – |
| Profitability | ||
| Gross margin | – | 87.0% |
| Operating margin | 2.1% (better) | −24.1% |
| Net margin | 1.4% (better) | −33.0% |
| FCF margin | −1.6% (better) | −6.0% |
| Return on equity | 2.9% | – |
| Return on invested capital | 3.2% | – |
| Financial health | ||
| Debt / equity | 0.46 | – |
| Net debt / EBITDA | 2.43 | – |
| Interest coverage | 1.5× (better) | −19.0× |
| Current ratio | 0.27 | 0.33 (better) |
| Altman Z-score | 1.09 | – |
| Piotroski F-score | 4 | 4 |
| Dividends and buybacks | ||
| Shareholder yield | 0.00% | – |
| Ownership | ||
| Held by institutions | 106% | – |
| Held by insiders | – | 50.0% |
| Insider net buying, 12 months | −$1.6M | – |
Go deeper
- FWRG stock overview
- FWRG income statement
- FWRG valuation and score
- THCH stock overview
- THCH income statement
- THCH valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.