Growth Metrics

First Watch Restaurant (FWRG) Capital Expenditures (2020 - 2025)

First Watch Restaurant has reported Capital Expenditures over the past 6 years, most recently at $36.8 million for Q4 2025.

  • Quarterly results put Capital Expenditures at $36.8 million for Q4 2025, down 9.46% from a year ago — trailing twelve months through Dec 2025 was $156.9 million (up 22.66% YoY), and the annual figure for FY2025 was $156.9 million, up 22.66%.
  • Capital Expenditures for Q4 2025 was $36.8 million at First Watch Restaurant, down from $42.4 million in the prior quarter.
  • Over the last five years, Capital Expenditures for FWRG hit a ceiling of $42.4 million in Q3 2025 and a floor of $93000.0 in Q1 2021.
  • Median Capital Expenditures over the past 5 years was $27.4 million (2022), compared with a mean of $23.3 million.
  • Biggest five-year swings in Capital Expenditures: tumbled 65.23% in 2021 and later surged 3943.0% in 2024.
  • First Watch Restaurant's Capital Expenditures stood at $8.2 million in 2021, then soared by 109.0% to $17.2 million in 2022, then skyrocketed by 77.32% to $30.6 million in 2023, then surged by 33.0% to $40.6 million in 2024, then decreased by 9.46% to $36.8 million in 2025.
  • The last three reported values for Capital Expenditures were $36.8 million (Q4 2025), $42.4 million (Q3 2025), and $41.1 million (Q2 2025) per Business Quant data.