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Side-by-side financial comparison of First Watch Restaurant Group, Inc. (FWRG) and SILVERCORP METALS INC (SVM). 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 $223.8M, roughly 1.4× SILVERCORP METALS INC). Over the past eight quarters, SILVERCORP METALS INC's revenue compounded faster (87.6% CAGR vs 14.2%).

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.

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

FWRG vs SVM — Head-to-Head

Bigger by revenue
FWRG
FWRG
1.4× larger
FWRG
$316.4M
$223.8M
SVM
Faster 2-yr revenue CAGR
SVM
SVM
Annualised
SVM
87.6%
14.2%
FWRG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FWRG
FWRG
SVM
SVM
Revenue
$316.4M
$223.8M
Net Profit
$-2.9M
Gross Margin
Operating Margin
2.9%
Net Margin
-1.3%
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
FWRG
FWRG
SVM
SVM
Q4 25
$316.4M
$223.8M
Q3 25
$316.0M
Q2 25
$307.9M
$72.2M
Q1 25
$282.2M
Q4 24
$263.3M
$172.5M
Q3 24
$251.6M
$114.0M
Q2 24
$258.6M
$60.0M
Q1 24
$242.4M
Net Profit
FWRG
FWRG
SVM
SVM
Q4 25
$-2.9M
Q3 25
$3.0M
Q2 25
$2.1M
$28.1M
Q1 25
$-829.0K
Q4 24
$42.1M
Q3 24
$2.1M
$28.0M
Q2 24
$8.9M
$13.2M
Q1 24
$7.2M
Operating Margin
FWRG
FWRG
SVM
SVM
Q4 25
2.9%
Q3 25
3.2%
Q2 25
2.4%
Q1 25
0.4%
Q4 24
1.5%
30.5%
Q3 24
2.5%
30.7%
Q2 24
6.4%
30.0%
Q1 24
5.1%
Net Margin
FWRG
FWRG
SVM
SVM
Q4 25
-1.3%
Q3 25
0.9%
Q2 25
0.7%
39.0%
Q1 25
-0.3%
Q4 24
24.4%
Q3 24
0.8%
24.5%
Q2 24
3.4%
22.0%
Q1 24
3.0%
EPS (diluted)
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
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
FWRG
FWRG
SVM
SVM
Operating Cash FlowLast quarter
$18.5M
$107.9M
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
FWRG
FWRG
SVM
SVM
Q4 25
$18.5M
$107.9M
Q3 25
$47.9M
Q2 25
$39.4M
$40.0M
Q1 25
$20.1M
Q4 24
$22.9M
$81.3M
Q3 24
$35.9M
$57.7M
Q2 24
$31.9M
$28.9M
Q1 24
$25.0M
Free Cash Flow
FWRG
FWRG
SVM
SVM
Q4 25
$-18.3M
Q3 25
$5.5M
Q2 25
$-1.7M
Q1 25
$-16.4M
Q4 24
$-17.7M
Q3 24
$6.8M
$33.8M
Q2 24
$2.3M
$17.0M
Q1 24
$-3.6M
FCF Margin
FWRG
FWRG
SVM
SVM
Q4 25
-5.8%
Q3 25
1.7%
Q2 25
-0.5%
Q1 25
-5.8%
Q4 24
-6.7%
Q3 24
2.7%
29.6%
Q2 24
0.9%
28.3%
Q1 24
-1.5%
Capex Intensity
FWRG
FWRG
SVM
SVM
Q4 25
11.6%
Q3 25
13.4%
Q2 25
13.4%
Q1 25
13.0%
Q4 24
15.4%
Q3 24
11.6%
21.0%
Q2 24
11.5%
19.8%
Q1 24
11.8%
Cash Conversion
FWRG
FWRG
SVM
SVM
Q4 25
Q3 25
16.01×
Q2 25
18.72×
1.42×
Q1 25
Q4 24
1.93×
Q3 24
16.98×
2.06×
Q2 24
3.59×
2.19×
Q1 24
3.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SVM
SVM

Segment breakdown not available.

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