COMP <GO>
BH vs FWRG // FREE CASH FLOW YIELD
Biglari Holdings Inc. (Class B) (NYSE) VS. First Watch Restaurant Group Inc. (NASDAQ) • 15-METRIC TALLY: BH 3
— FWRG 4
▲ FREE CASH FLOW YIELD LEADER: BH
LAST: $393.70 (+0.87%) • MKT CAP: $908.1M
fcf-yield
8.44%
LAST: $12.74 (+1.84%) • MKT CAP: $772.0M
fcf-yield
-4.01%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BH VS. FWRG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BH | FWRG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 59.20% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -7.20% | 3.60% | -10.80 | FWRG | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 4.7x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield ACTIVE | 8.44% | -4.01% | +12.45 | BH | /fcf-yield <GO> |
| Operating Margin | — | 2.30% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -9.50% | 1.60% | -11.10 | FWRG | /net-margins <GO> |
| Revenue Growth (YoY) | 9.20% | 20.30% | -11.10 | FWRG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 1.06 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | BH | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 50.9 | 61.2 | -10.30 | FWRG | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 33.3x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $908.1M | $772.0M | $136.1M | BH | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BH REV | FWRG REV | BH GROSS % | FWRG GROSS % | BH FCF | FWRG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $395.3M | $1.22B | 59.2% | — | $76.6M | -$31.0M |
| FY 2024 | $362.1M | $1.02B | 60.4% | — | $19.1M | -$12.2M |
| FY 2023 | $365.3M | $891.6M | — | — | $73.0M | $95.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BH // BETA —
FWRG // BETA —