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First Watch Restaurant Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $41 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Watch Restaurant Group's annualized ROC % for the quarter that ended in Dec. 2024 was 1.20%. First Watch Restaurant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1.83%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Watch Restaurant Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 2.25%.
The historical data trend for First Watch Restaurant Group's EBIT can be seen below:
* 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 Annual Data | |||||||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
EBIT | Get a 7-Day Free Trial | -46.74 | 20.47 | 17.82 | 44.14 | 40.67 |
First Watch Restaurant Group Quarterly Data | ||||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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7.78 | 12.61 | 17.16 | 6.94 | 3.96 |
For the Restaurants subindustry, First Watch Restaurant Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $41 Mil.
* 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 (NAS:FWRG) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
First Watch Restaurant Group's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | 19.272 * ( 1 - 5.28% ) | / | ( (1498.324 | + | 1552.905) | / 2 ) |
= | 18.2544384 | / | 1525.6145 | |||
= | 1.20 % |
where
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 1484.957 | - | 47.639 | - | ( 51.129 | - | max(0, 134.015 | - | 73.009 | + | 51.129 | )) |
= | 1498.324 |
Invested Capital | (Q: Dec. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 1514.356 | - | 44.047 | - | ( 33.312 | - | max(0, 138.472 | - | 55.876 | + | 33.312 | )) |
= | 1552.905 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
First Watch Restaurant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 15.828 | / | ( ( (840.681 + max(-57.608, 0)) | + | (889.068 + max(-55.779, 0)) ) | / | 2 ) |
= | 15.828 | / | ( ( 840.681 | + | 889.068 ) | / | 2 ) |
= | 15.828 | / | 864.8745 | ||||
= | 1.83 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (4.064 | + | 5.329 | + | 11.619) | - | (47.639 | + | 2.373 | + | 28.608) |
= | -57.608 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2.432 | + | 6.117 | + | 9.212) | - | (44.047 | + | 5.623 | + | 23.87) |
= | -55.779 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
First Watch Restaurant Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | 40.666 | / | 1810.569 | |
= | 2.25 % |
* 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.
Thank you for viewing the detailed overview of First Watch Restaurant Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Advent International Corp/ma | 10 percent owner | 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199 |
Advent Partners Gpe Viii Limited Partnership | 10 percent owner | C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSON STREET, SUITE 3300, BOSTON MA 02199 |
Advent International Gpe Viii-i Limited Partnership | 10 percent owner | 800 BOYLSTON STREET, SUITE 3300, BOSTON MA 02199 |
William A Kussell | director | C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109 |
Jay Anthony Wolszczak | officer: General Counsel and Secretary | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Matthew Eisenacher | officer: Chief Brand Officer | 8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201 |
John Daniel Jones | officer: Chief Operations Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Laura Anne Sorensen | officer: Chief People Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
David Paresky | director | ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199 |
Tricia Glynn | director | C/O ADVENT INERNATIONAL CORPORATION, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199 |
Eric Richard Hartman | officer: Chief Development Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Christopher Anthony Tomasso | director, officer: President and CEO | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Hope H Melville Iii | officer: CFO and Treasurer | AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352 |
Irene Chang Britt | director | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Advent International Gp, Llc | 10 percent owner | 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199 |
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