Company / FCF Margin
First Watch Restaurant Group, Inc. FCF Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
-2.5%
FY2025
5-year range
-13.2% / 1.4%
FY2021-FY2025
Trend
-109.9%
vs FY2024
Sector context
#198 of 210
Consumer Discretionary
What the data says
Among 210 Consumer Discretionary companies, First Watch Restaurant Group, Inc. is in the bottom 6% for fcf margin. FCF Margin has fluctuated over the past 7 years, ranging from -13.2% in FY2022 to 1.4% in FY2023.
Based on SEC 10-K filings.
-2.5% in FY2025 with a 5-year CAGR of +10.6%.
Declined from 1.4% to -2.5% over the past 2 years.
Consumer Discretionary sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +10.6pp
- 5-Year Change
- +10.6pp
- 10-Year Change
- -
Sector benchmark
Bottom 6% in Consumer DiscretionaryTop 94% of 210This company -2.5% Sector average 2.8%
▼
-189.3% below sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 109.9% year-over-year.
- Currently 5.4pp below the Consumer Discretionary sector average.
- Peak fcf margin was recorded in FY2023.
- Lowest fcf margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.92 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -2.5% | -109.9% |
| FY2024 | -1.2% | -189.6% |
| FY2023 | 1.4% | +110.2% |
| FY2022 | -13.2% | -52.5% |
| FY2021 | -8.6% | +34.4% |
| FY2020 | -13.2% | -52.5% |
| FY2019 | -8.6% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026