Fox Factory Holding Corp. (FOXF) vs First Watch Restaurant Group, Inc. (FWRG)
A side-by-side comparison of Fox Factory Holding Corp. and First Watch Restaurant Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
FOXF
Fox Factory Holding Corp.
$19.34Consumer CyclicalDelayed quote: Oct 6, 2026, 10:35 AM EDT
FWRG
First Watch Restaurant Group, Inc.
$10.67Consumer CyclicalDelayed quote: Oct 6, 2026, 10:35 AM EDT
Total return — FOXF vs FWRG
growth of $100 · dividends reinvested · last 5yFOXF -87.0% (-33.5%/yr)FWRG -52.5% (-13.8%/yr)FWRG compounded faster over this window
FOXF FWRG
FOXF vs FWRG: by the numbers
- •FOXF is the larger company ($811M vs $659M market cap).
- •FWRG is profitable (1.35% net margin) while FOXF runs a net loss (-20.39%).
- •FWRG grew revenue faster over the past five years (25.36% vs 5.27% CAGR).
Metrics side by side
Valuation
| Metric | FOXF | FWRG |
|---|---|---|
| P/E ratio | N/A | 37.61 |
| Forward P/E | 12.41 | 92.06 |
| P/S ratio | 0.55 | 0.50 |
| P/B ratio | 1.22 | 1.04 |
| EV / EBITDA | N/A | 12.26 |
| FCF yield | 1.55% | N/A |
Profitability
| Metric | FOXF | FWRG |
|---|---|---|
| Gross margin | 29.14% | 13.04% |
| Operating margin | -35.64% | 4.25% |
| Net margin | -20.39% | 1.35% |
| ROE | -44.76% | 2.81% |
| ROIC | -17.66% | 3.38% |
Growth (annualized)
| Metric | FOXF | FWRG |
|---|---|---|
| Revenue CAGR (5Y) | 5.27% | 25.36% |
| FCF CAGR (5Y) | 26.70% | N/A |
| Total return CAGR (5Y) | -33.60% | -13.18% |
Frequently asked
- Which has grown faster, FOXF or FWRG?
- Over the past five years, FWRG grew revenue faster — FOXF at a 5.27% CAGR versus FWRG at 25.36%.
- Is FOXF or FWRG more profitable?
- FWRG runs the higher net margin — FOXF at -20.39% versus FWRG at 1.35%.
- How have FOXF and FWRG total returns compared?
- Over the past 5 years, FOXF delivered -33.60% and FWRG delivered -13.18% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
First Watch Restaurant P/E ratioFox Factory ROEFirst Watch Restaurant ROEFox Factory operating marginFirst Watch Restaurant operating marginFox Factory revenue growthFirst Watch Restaurant revenue growthFox Factory free cash flowFirst Watch Restaurant free cash flow
Fox Factory & First Watch Restaurant appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.