Which has grown faster, FWRG or MCFT?

Over the past five years, FWRG grew revenue faster — FWRG at a 25.36% CAGR versus MCFT at -7.88%.

Is FWRG or MCFT more profitable?

FWRG runs the higher net margin — FWRG at 1.35% versus MCFT at -0.48%.

How have FWRG and MCFT total returns compared?

Over the past 5 years, FWRG delivered -13.18% and MCFT delivered -5.57% annualized total return. Past performance doesn't predict future results.

First Watch Restaurant Group, Inc. (FWRG) vs MasterCraft Boat Holdings, Inc. (MCFT)

A side-by-side comparison of First Watch Restaurant Group, Inc. and MasterCraft Boat Holdings, 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.

FWRG

First Watch Restaurant Group, Inc.

$659M

$10.67Consumer CyclicalDelayed quote: Oct 6, 2026, 10:35 AM EDT

MCFT

MasterCraft Boat Holdings, Inc.

$475M

$19.62Consumer CyclicalDelayed quote: Oct 6, 2026, 10:34 AM EDT

Total return — FWRG vs MCFT

growth of $100 · dividends reinvested · last 5y

FWRG -52.5% (-13.8%/yr)MCFT -21.4% (-4.7%/yr)MCFT compounded faster over this window

FWRG MCFT

FWRG vs MCFT: by the numbers

•FWRG is the larger company ($659M vs $475M market cap).
•FWRG is profitable (1.35% net margin) while MCFT runs a net loss (-0.48%).
•FWRG grew revenue faster over the past five years (25.36% vs -7.88% CAGR).

Metrics side by side

Valuation

Metric	FWRG	MCFT
P/E ratio	37.61	N/A
Forward P/E	92.06	9.55
P/S ratio	0.50	1.36
P/B ratio	1.04	1.25
EV / EBITDA	12.26	19.01
FCF yield	N/A	4.71%

Profitability

Metric	FWRG	MCFT
Gross margin	13.04%	22.61%
Operating margin	4.25%	2.59%
Net margin	1.35%	-0.48%
ROE	2.81%	-0.44%
ROIC	3.38%	1.23%

Growth (annualized)

Metric	FWRG	MCFT
Revenue CAGR (5Y)	25.36%	-7.88%
FCF CAGR (5Y)	N/A	-11.26%
Total return CAGR (5Y)	-13.18%	-5.57%

Frequently asked

Which has grown faster, FWRG or MCFT?: Over the past five years, FWRG grew revenue faster — FWRG at a 25.36% CAGR versus MCFT at -7.88%.
Is FWRG or MCFT more profitable?: FWRG runs the higher net margin — FWRG at 1.35% versus MCFT at -0.48%.
How have FWRG and MCFT total returns compared?: Over the past 5 years, FWRG delivered -13.18% and MCFT delivered -5.57% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FWRG analysis Full MCFT analysis Interactive comparison tool

Dig into the metrics

First Watch Restaurant P/E ratio First Watch Restaurant ROE MasterCraft Boat ROE First Watch Restaurant operating margin MasterCraft Boat operating margin First Watch Restaurant revenue growth MasterCraft Boat revenue growth First Watch Restaurant free cash flow MasterCraft Boat free cash flow

First Watch Restaurant & MasterCraft Boat appear in these rankings

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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.