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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and First Watch Restaurant Group, Inc. (FWRG). Click either name above to swap in a different company.

First Watch Restaurant Group, Inc. is the larger business by last-quarter revenue ($316.4M vs $225.3M, roughly 1.4× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.

APWC vs FWRG — Head-to-Head

Bigger by revenue
FWRG
FWRG
1.4× larger
FWRG
$316.4M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
FWRG
FWRG
Revenue
$225.3M
$316.4M
Net Profit
Gross Margin
7.9%
Operating Margin
2.2%
2.9%
Net Margin
Revenue YoY
20.2%
Net Profit YoY
EPS (diluted)
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
FWRG
FWRG
Q4 25
$316.4M
Q3 25
$316.0M
Q2 25
$307.9M
Q1 25
$282.2M
Q4 24
$263.3M
Q3 24
$251.6M
Q2 24
$258.6M
Q1 24
$242.4M
Net Profit
APWC
APWC
FWRG
FWRG
Q4 25
Q3 25
$3.0M
Q2 25
$2.1M
Q1 25
$-829.0K
Q4 24
Q3 24
$2.1M
Q2 24
$8.9M
Q1 24
$7.2M
Operating Margin
APWC
APWC
FWRG
FWRG
Q4 25
2.9%
Q3 25
3.2%
Q2 25
2.4%
Q1 25
0.4%
Q4 24
1.5%
Q3 24
2.5%
Q2 24
6.4%
Q1 24
5.1%
Net Margin
APWC
APWC
FWRG
FWRG
Q4 25
Q3 25
0.9%
Q2 25
0.7%
Q1 25
-0.3%
Q4 24
Q3 24
0.8%
Q2 24
3.4%
Q1 24
3.0%
EPS (diluted)
APWC
APWC
FWRG
FWRG
Q4 25
$0.24
Q3 25
$0.05
Q2 25
$0.03
Q1 25
$-0.01
Q4 24
$0.01
Q3 24
$0.03
Q2 24
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
FWRG
FWRG
Cash + ST InvestmentsLiquidity on hand
$21.2M
Total DebtLower is stronger
$269.1M
Stockholders' EquityBook value
$626.3M
Total Assets
$1.7B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
FWRG
FWRG
Q4 25
$21.2M
Q3 25
$20.7M
Q2 25
$19.2M
Q1 25
$18.6M
Q4 24
$33.3M
Q3 24
$51.1M
Q2 24
$45.1M
Q1 24
$43.2M
Total Debt
APWC
APWC
FWRG
FWRG
Q4 25
$269.1M
Q3 25
$251.0M
Q2 25
$250.0M
Q1 25
$191.5M
Q4 24
$189.0M
Q3 24
$189.7M
Q2 24
$192.1M
Q1 24
$122.7M
Stockholders' Equity
APWC
APWC
FWRG
FWRG
Q4 25
$626.3M
Q3 25
$607.3M
Q2 25
$601.3M
Q1 25
$596.3M
Q4 24
$595.4M
Q3 24
$589.1M
Q2 24
$585.8M
Q1 24
$574.4M
Total Assets
APWC
APWC
FWRG
FWRG
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.3B
Debt / Equity
APWC
APWC
FWRG
FWRG
Q4 25
0.43×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.32×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.33×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
FWRG
FWRG
Operating Cash FlowLast quarter
$18.5M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-5.8%
Capex IntensityCapex / Revenue
11.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-31.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
FWRG
FWRG
Q4 25
$18.5M
Q3 25
$47.9M
Q2 25
$39.4M
Q1 25
$20.1M
Q4 24
$22.9M
Q3 24
$35.9M
Q2 24
$31.9M
Q1 24
$25.0M
Free Cash Flow
APWC
APWC
FWRG
FWRG
Q4 25
$-18.3M
Q3 25
$5.5M
Q2 25
$-1.7M
Q1 25
$-16.4M
Q4 24
$-17.7M
Q3 24
$6.8M
Q2 24
$2.3M
Q1 24
$-3.6M
FCF Margin
APWC
APWC
FWRG
FWRG
Q4 25
-5.8%
Q3 25
1.7%
Q2 25
-0.5%
Q1 25
-5.8%
Q4 24
-6.7%
Q3 24
2.7%
Q2 24
0.9%
Q1 24
-1.5%
Capex Intensity
APWC
APWC
FWRG
FWRG
Q4 25
11.6%
Q3 25
13.4%
Q2 25
13.4%
Q1 25
13.0%
Q4 24
15.4%
Q3 24
11.6%
Q2 24
11.5%
Q1 24
11.8%
Cash Conversion
APWC
APWC
FWRG
FWRG
Q4 25
Q3 25
16.01×
Q2 25
18.72×
Q1 25
Q4 24
Q3 24
16.98×
Q2 24
3.59×
Q1 24
3.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

FWRG
FWRG

In Restaurant Dining Sales$254.1M80%
Third Party Delivery Sales$38.6M12%
Take Out Sales$21.3M7%
Royalty And System Fund Contributions$2.3M1%

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