BJ's Restaurants, Inc. (BJRI) vs First Watch Restaurant Group, Inc. (FWRG)

BJ's Restaurants, Inc. and First Watch Restaurant Group, Inc. are both Restaurants companies. BJ's Restaurants, Inc. is the larger, with a market value of $1.3B against $786.2M — 1.7× the size. BJ's Restaurants, Inc. trades at the lower P/E: 32.5× against 42.9×. First Watch Restaurant Group, Inc. grew revenue faster over the last twelve months: 19.3% against 3.54%. BJ's Restaurants, Inc. has the higher net margin (2.86% vs 1.35%) and the higher return on invested capital (5.74% vs 1.95%). Across the 20 metrics below, BJ's Restaurants, Inc. leads on 14 and First Watch Restaurant Group, Inc. on 6.

Valuation

Metric BJRI FWRG Restaurants median
P/E 32.48 42.90 25.42
P/S 0.93 0.60 1.13
P/B 3.34 1.25 2.10
Price to free cash flow 29.69 n/m 16.75
EV/EBITDA 10.95 9.48 12.55
EV/Sales 0.95 0.81 1.33
Earnings yield 3.08% 2.33% 2.06%
Free cash flow yield 3.37% (2.75%) 3.44%

Profitability

Metric BJRI FWRG Restaurants median
Gross margin 74.54% 20.63% 39.04%
Operating margin 2.74% 2.14% 4.43%
Net margin 2.86% 1.35% 1.75%
Free cash flow margin 3.12% (1.66%) 2.13%
Return on equity 10.44% 2.88% 3.07%
Return on assets 4.06% 1.02% 1.41%
Return on invested capital 5.74% 1.95% 2.91%

Growth

Metric BJRI FWRG Restaurants median
Revenue growth (TTM) 3.54% 19.27% 5.52%
EPS growth (last fiscal year) 208.57% 3.33% (4.30%)
Revenue growth, 5-year CAGR 12.44% 28.99% 10.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BJRI FWRG Restaurants median
Debt to equity 0.11 0.46 0.20
Current ratio 0.29 0.27 0.81
Net debt to EBITDA 0.49 2.53 0.43

Dividend

Metric BJRI FWRG Restaurants median
Dividend yield — — 1.88%
Payout ratio — — 0.45

Size

Metric BJRI FWRG Restaurants median
Market cap 1.33b 786.22m 581.93m

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