First Watch Restaurant (FWRG) Asset Utilization Ratio (2021 - 2026)
First Watch Restaurant's (FWRG) Asset Utilization Ratio came in at 0.73 for Q2 2026, up 6.8% from 0.69 a year earlier and up 1.4% from the prior quarter.
Powered by 
Analysis
First Watch Restaurant (FWRG) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, First Watch Restaurant's Asset Utilization Ratio stood at 0.75, up 2.8% from FY2024.
- In prior years, First Watch Restaurant's Asset Utilization Ratio was 0.73 in FY2024 (-2.8%), 0.75 in FY2023 (+10.8%), 0.68 in FY2022 (+16.0%) and 0.59 in FY2021.
- The Q2 2026 figure stands as the highest quarterly Asset Utilization Ratio in data going back to Q4 2021.
- On a year-over-year basis, Asset Utilization Ratio has increased in each of the last four quarters, with an average year-over-year change of 0.0% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was Q4 2022, with growth of 15.4%; the weakest was Q4 2024, with a decline of 6.1%.
- According to Business Quant data, Asset Utilization Ratio for the three prior quarters was 0.72 (Q1 2026), 0.71 (Q4 2025) and 0.69 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 0.46 |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 1.30 |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 1.41 |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 1.03 |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 0.39 |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 1.03 |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 0.39 |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 1.15 |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 1.72 |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 0.73 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 0.73 |
| Mar 29, 2026 | 0.72 |
| Dec 28, 2025 | 0.71 |
| Sep 28, 2025 | 0.69 |
| Jun 29, 2025 | 0.69 |
| Mar 30, 2025 | 0.69 |
| Dec 29, 2024 | 0.68 |
| Sep 29, 2024 | 0.68 |
| Jun 30, 2024 | 0.71 |
| Mar 31, 2024 | 0.72 |
| Dec 31, 2023 | 0.72 |
| Sep 24, 2023 | 0.70 |
| Jun 25, 2023 | 0.70 |
| Mar 26, 2023 | 0.69 |
| Dec 25, 2022 | 0.67 |
| Sep 25, 2022 | 0.65 |
| Jun 26, 2022 | 0.64 |
| Mar 27, 2022 | 0.62 |
| Dec 26, 2021 | 0.58 |
API Access
First Watch Restaurant Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();