First Watch Restaurant (FWRG) Capital Expenditures (2020 - 2026)
First Watch Restaurant (FWRG) recorded quarterly Capital Expenditures of $29.3 million in Q1 2026, down 20.25% quarter-over-quarter from $36.8 million in Q4 2025, and down 19.7% on a YoY basis from $36.5 million in Q1 2025.
First Watch Restaurant (FWRG) Capital Expenditures (2020 - 2026) Analysis & Trends
First Watch Restaurant's Capital Expenditures history runs 7 years deep, the most recent figure standing at $29.3 million for Q1 2026.
- In Q1 2026, Capital Expenditures fell 19.7% year-over-year to $29.3 million; the TTM figure through Mar 2026 stood at $149.7 million (up 10.18% YoY), while the FY2025 annual figure was $156.9 million, up 22.66% from the prior year.
- Capital Expenditures was $29.3 million for Q1 2026 at First Watch Restaurant, down from $36.8 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $42.4 million in Q3 2025 to a low of $707000.0 in Q1 2023.
- Historically, Capital Expenditures has averaged $27.0 million across 5 years, with a median of $29.1 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Capital Expenditures surged 12111.83% in 2022, then plunged 93.77% in 2023.
- A 5-year view of Capital Expenditures shows it stood at $17.2 million in 2022, then soared by 77.32% to $30.6 million in 2023, then jumped by 33.0% to $40.6 million in 2024, then retreated by 9.46% to $36.8 million in 2025, then fell by 20.25% to $29.3 million in 2026.
- The last three Capital Expenditures figures came in at $29.3 million (Q1 2026), $36.8 million (Q4 2025), and $42.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 272.70 Mn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 180.33 Mn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 75.00 Mn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 58.00 Mn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 165.90 Mn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 144.00 Mn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 80.17 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 15.04 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 37.44 Mn |
| 10 | First Watch Restaurant | 722.06 Mn | 698.50 Mn | 256.65 Mn | 29.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 29.35 Mn |
| Mar 29, 2026 | 29.35 Mn |
| Dec 28, 2025 | 36.80 Mn |
| Dec 28, 2025 | 36.80 Mn |
| Sep 28, 2025 | 42.43 Mn |
| Sep 28, 2025 | 42.43 Mn |
| Jun 29, 2025 | 41.14 Mn |
| Jun 29, 2025 | 41.14 Mn |
| Mar 30, 2025 | 36.54 Mn |
| Mar 30, 2025 | 36.54 Mn |
| Dec 29, 2024 | 40.64 Mn |
| Dec 29, 2024 | 40.64 Mn |
| Sep 29, 2024 | 29.07 Mn |
| Sep 29, 2024 | 29.07 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Mar 31, 2024 | 28.58 Mn |
| Mar 31, 2024 | 28.58 Mn |
| Dec 31, 2023 | 30.56 Mn |
| Dec 31, 2023 | 30.56 Mn |