First Watch Restaurant (FWRG) Asset Utilization Ratio (2021 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Asset Utilization Ratio of 0.72 in Q1 2026, up 2.39% quarter-over-quarter from 0.71 in Q4 2025, and up 4.74% on a YoY basis from 0.69 in Q1 2025.

First Watch Restaurant (FWRG) Asset Utilization Ratio (2021 - 2026) Analysis & Trends

First Watch Restaurant's Asset Utilization Ratio history runs 6 years deep, the most recent figure standing at 0.72 for Q1 2026.

  • In Q1 2026, Asset Utilization Ratio rose 4.74% year-over-year to 0.72; the TTM figure through Mar 2026 stood at 0.72 (up 4.74% YoY), while the FY2025 annual figure was 0.75, up 2.78% from the prior year.
  • Asset Utilization Ratio was 0.72 for Q1 2026 at First Watch Restaurant, up from 0.71 in the prior quarter.
  • In the past five years, Asset Utilization Ratio ranged from a high of 0.72 in Q1 2024 to a low of 0.62 in Q1 2022.
  • Historically, Asset Utilization Ratio has averaged 0.69 across 5 years, with a median of 0.69 in 2025.
  • The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio climbed 15.41% in 2022, then dropped 6.05% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.67 in 2022, then gained by 8.38% to 0.72 in 2023, then decreased by 6.05% to 0.68 in 2024, then advanced by 4.25% to 0.71 in 2025, then climbed by 2.39% to 0.72 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.72 (Q1 2026), 0.71 (Q4 2025), and 0.69 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 1.23
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 1.36
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 1.03
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 0.38
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 0.99
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 1.12
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 1.70
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 2.80
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 0.88
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn 0.72

Historic Data

Download Data
DateValue
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