Bjs Restaurants vs First Watch Restaurant Group
Bjs Restaurants and First Watch Restaurant Group are similar in size: $1.40bn and $1.22bn of revenue in their latest fiscal years. First Watch Restaurant Group grew faster (20.3% against 3.1%). Bjs Restaurants kept more of each dollar of sales as profit: a net margin of 3.5% against 1.6%.
| Latest fiscal year | Bjs RestaurantsBJRI, 2025 | First Watch Restaurant GroupFWRG, 2025 |
|---|---|---|
| Revenue | $1.40bn | $1.22bn |
| Revenue growth | 3.1% | 20.3% |
| Net income | $48.8m | $19.4m |
| Operating margin | — | 2.3% |
| Net margin | 3.5% | 1.6% |
| Return on equity | 13.3% | 3.2% |
| Free cash flow | $40.9m | −$31.0m |
| Cash | $23.8m | $21.2m |
| Total debt | $85.0m | $282m |
| Debt to equity | — | 45.1% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | $67.8m | — |
| Employees | 22,000 | — |
| Market value | $1.28bn | $833m |
| Price vs our value range | Above our value range | — |
| Moat score | 48 (Moderate) | 25 (Weak) |
| Insider trades, 12 months | 7 buys, 20 sales | 0 buys, 16 sales |