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First Watch Restaurant Group's operating cash flow per share for the
three
months ended in Jun. 2026 was $0.44.
First Watch Restaurant Group's operating cash flow per share for the trailing twelve months (TTM) ended in Jun. 2026 was $2.06.
During the past 12 months, the average Operating Cash Flow per Share Growth Rate of First Watch Restaurant Group was 7.80% per year.
During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 24.20% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the OCF Growth Rate using Operating Cash Flow per Share data.
The historical rank and industry rank for First Watch Restaurant Group's Operating Cash Flow per Share or its related term are showing as below:
FWRG'
s 3-Year OCF Growth Rate Range Over the Past 10 Years
Min: 12.4 Med: 24.2 Max: 41.8
Current: 24.2
During the past 7 years, First Watch Restaurant Group's highest 3-Year average Operating Cash Flow per Share Growth Rate was 41.80% per year. The lowest was 12.40% per year. And the median was 24.20% per year.
FWRG's 3-Year OCF Growth Rate is ranked better than 75.25% of 295
companies
in the Restaurants industry
Industry Median: 7.1
vs FWRG: 24.20
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Watch Restaurant Group Operating Cash Flow per Share Chart
FWRG vs PZZA, SG, CNNE: Operating Cash Flow per Share Comparison
For the Restaurants subindustry, First Watch Restaurant Group's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Watch Restaurant Group Price-to-Operating-Cash-Flow vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's Price-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's Price-to-Operating-Cash-Flow falls into.
Operating Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.06
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Operating Cash Flow per Share of $2.06 mean?
First Watch Restaurant Group (FWRG) has a Operating Cash Flow per Share of $2.06 as of Jun. 2026. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on First Watch Restaurant Group and its competitors. According to the industry distribution chart, First Watch Restaurant Group ranks #73 out of 295 companies in the Restaurants industry, placing it in the top 24.7%.
Is First Watch Restaurant Group's Operating Cash Flow per Share too high?
First Watch Restaurant Group's current Operating Cash Flow per Share is $2.06. The Restaurants industry median Operating Cash Flow per Share is 7.10. First Watch Restaurant Group's value of $2.06 is 71% below this industry median. Based on the distribution chart, First Watch Restaurant Group ranks #73 out of 295 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, First Watch Restaurant Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Operating Cash Flow per Share compare to PZZA and SG?
According to the Restaurants industry distribution chart, First Watch Restaurant Group ranks #73 out of 295 companies for Operating Cash Flow per Share. This places First Watch Restaurant Group in the top 25% of its industry — outperforming the majority of peers. The industry median Operating Cash Flow per Share is 7.10. First Watch Restaurant Group's value of $2.06 is 71% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Cash Flow per Share for a Restaurants company?
The median Operating Cash Flow per Share among Restaurants companies is 7.10, based on 295 companies in the industry. Companies in the top quartile (top 25%) have a Operating Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Operating Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Watch Restaurant Group's current Operating Cash Flow per Share of $2.06 is 71% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Cash Flow per Share mean?
A high Operating Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on First Watch Restaurant Group and its competitors. For the Restaurants industry, the median Operating Cash Flow per Share is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Watch Restaurant Group's current Operating Cash Flow per Share is $2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.56, compared to a current price of $11.36 — trading 49.6% below its estimated fair value. The current Operating Cash Flow per Share is $2.06 and 71% below the Restaurants industry median of 7.10. First Watch Restaurant Group's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Cash Flow per Share calculated?
Operating Cash Flow per Share is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Operating Cash Flow per Share is $2.06 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Watch Restaurant Group (FWRG) Overvalued in 2026?
Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued.
The current stock price of $11.36 is trading 49.6% below its estimated GF Value™ of $22.56.
GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.
Key valuation signals for FWRG:
Operating Cash Flow per Share: $2.06
GF Value™: $22.56 vs. price of $11.36 (49.6% below fair value)
Industry Position: 71% below the Restaurants median (#73 of 295)
No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
71GF Score
Get the complete analysis for FWRG
Operating Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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