First Watch Restaurant Group vs RED Robin Gourmet Burgers
First Watch Restaurant Group and RED Robin Gourmet Burgers are similar in size: $1.22bn and $1.21bn of revenue in their latest fiscal years. First Watch Restaurant Group grew faster (20.3% against -3.1%). First Watch Restaurant Group kept more of each dollar of sales as profit: a net margin of 1.6% against -1.9%.
| Latest fiscal year | First Watch Restaurant GroupFWRG, 2025 | RED Robin Gourmet BurgersRRGB, 2025 |
|---|---|---|
| Revenue | $1.22bn | $1.21bn |
| Revenue growth | 20.3% | -3.1% |
| Net income | $19.4m | −$23.3m |
| Operating margin | 2.3% | 0.2% |
| Net margin | 1.6% | -1.9% |
| Return on equity | 3.2% | — |
| Free cash flow | −$31.0m | $6.2m |
| Cash | $21.2m | $19.9m |
| Total debt | $282m | $170m |
| Debt to equity | 45.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | 18,852 |
| Market value | $833m | $167m |
| Price vs our value range | — | — |
| Moat score | 25 (Weak) | 31 (Weak) |
| Insider trades, 12 months | 0 buys, 16 sales | 0 buys, 7 sales |