GPGrossPatternRESEARCH SYSTEM
SEC CHECK OPERATIONAL
GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

FWRG · Mar 29, 2026

First Watch Restaurant Group, Inc.. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 3[email protected]
Inspectable configuration

State dimensions

Filing0001789940-26-000060General Corporate
Debt relative to revenue100thOwn-history percentile · N=8
Evidence method

Level · gp.fundamentals.debt_to_revenue

81.20% · OPTIONAL · VALID

Capex intensity0thOwn-history percentile · N=8
Evidence method

Level · gp.fundamentals.capex_revenue_ratio

8.87% · OPTIONAL · VALID

Operating cash generation38thOwn-history percentile · N=8
Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

10.41% · OPTIONAL · VALID

Revenue growthRAWCurrent state valid · history insufficient
Evidence method

Yoy · gp.fundamentals.revenue

17.26% · CORE · NOT_ENOUGH_HISTORY

Inventory pressure63thOwn-history percentile · N=8
Evidence method

Level · gp.fundamentals.inventory_revenue_ratio

2.16% · OPTIONAL · VALID

Operating margin0thOwn-history percentile · N=8
Evidence method

Level · gp.fundamentals.operating_margin

0.30% · CORE · VALID

SBC intensity100thOwn-history percentile · N=8
Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

1.01% · OPTIONAL · VALID

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History6 statesHistory building
Mar 30, 20250/7 normalizedLevel 3Jun 29, 20250/7 normalizedLevel 3Sep 28, 20250/7 normalizedLevel 3Dec 28, 20250/7 normalizedLevel 3Mar 29, 20266/7 normalizedLevel 3Jun 28, 20266/7 normalizedLevel 3
Period transition

What moved in the state?

Balance Sheet Leverage Increased
Previous
22.01%
Current
81.20%
Delta
59.19%
Capex Intensity Decreased
Previous
12.83%
Current
8.87%
Delta
-3.97%
Cash Generation Increased
Previous
10.30%
Current
10.41%
Delta
0.11%
Growth Decreased
Previous
20.34%
Current
17.26%
Delta
-3.07%
Inventory Pressure Increased
Previous
0.59%
Current
2.16%
Delta
1.57%
Profitability Decreased
Previous
2.25%
Current
0.30%
Delta
-1.95%
Sbc Intensity Increased
Previous
0.88%
Current
1.01%
Delta
0.13%
Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Not enough compatible prior states for a transparent self-history match.
Research Graph

Related governed research

Transitioned To · FWRG Fundamental State →Has State · First Watch Restaurant Group, Inc. →Transitioned To · FWRG Fundamental State →Transitioned To · FWRG BALANCE_SHEET_LEVERAGE_INCREASED →Transitioned To · FWRG CAPEX_INTENSITY_DECREASED →Transitioned To · FWRG CASH_GENERATION_INCREASED →Transitioned To · FWRG GROWTH_DECREASED →Transitioned To · FWRG INVENTORY_PRESSURE_INCREASED →Transitioned To · FWRG PROFITABILITY_DECREASED →Transitioned To · FWRG SBC_INTENSITY_INCREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.