First Watch Restaurant Group, Inc. (FWRG) vs Kura Sushi USA, Inc. (KRUS)

First Watch Restaurant Group, Inc. and Kura Sushi USA, Inc. are both Restaurants companies. First Watch Restaurant Group, Inc. is the larger, with a market value of $642.4M against $474.2M — 1.4× the size. Kura Sushi USA, Inc. has negative trailing earnings, so its P/E is not meaningful; First Watch Restaurant Group, Inc. trades at 33.8×. First Watch Restaurant Group, Inc. grew revenue faster over the last twelve months: 19.3% against 18.4%. First Watch Restaurant Group, Inc. has the higher net margin (1.35% vs −0.65%) and the higher return on invested capital (1.95% vs −1.50%). Across the 19 metrics below, First Watch Restaurant Group, Inc. leads on 14 and Kura Sushi USA, Inc. on 5.

Valuation

Metric FWRG KRUS Restaurants median
P/E 33.77 n/m 22.14
P/S 0.47 1.48 0.91
P/B 0.99 2.05 2.01
Price to free cash flow n/m n/m 19.41
EV/EBITDA 7.98 34.69 11.48
EV/Sales 0.68 1.34 1.20
Earnings yield 2.96% (0.44%) 2.30%
Free cash flow yield (3.50%) (5.74%) 3.92%

Profitability

Metric FWRG KRUS Restaurants median
Gross margin 20.63% 11.29% 38.77%
Operating margin 2.14% (1.41%) 4.30%
Net margin 1.35% (0.65%) 1.85%
Free cash flow margin (1.66%) (8.50%) 3.12%
Return on equity 2.88% (0.91%) 3.07%
Return on assets 1.02% (0.47%) 1.50%
Return on invested capital 1.95% (1.50%) 3.14%

Growth

Metric FWRG KRUS Restaurants median
Revenue growth (TTM) 19.27% 18.39% 5.16%
EPS growth (last fiscal year) 3.33% 79.75% —
Revenue growth, 5-year CAGR 28.99% 44.32% 10.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FWRG KRUS Restaurants median
Debt to equity 0.46 0.00 0.10
Current ratio 0.27 1.26 0.81
Net debt to EBITDA 2.53 (6.49) 0.43

Dividend

Metric FWRG KRUS Restaurants median
Dividend yield — — 2.32%
Payout ratio 0.00 0.00 0.00

Size

Metric FWRG KRUS Restaurants median
Market cap 642.36m 474.15m 482.66m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack