First Watch Restaurant (FWRG) Capital Expenditures (2020 - 2026)
First Watch Restaurant's Capital Expenditures was $40.5 million in Q2 2026, down 1.4% from $41.09 million a year earlier but up 38.0% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Capital Expenditures (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Watch Restaurant's Capital Expenditures was $149.12 million through Jun 28, 2026, up 1.2% year-over-year; for FY2025, it came in at $156.91 million, up 22.7% from FY2024.
- Capital Expenditures has now increased for five consecutive years, with a five-year compound annual growth rate of 42.5% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $127.92 million in FY2024 (+53.5%), $83.33 million in FY2023 (+33.9%), $62.22 million in FY2022 (+76.2%) and $35.31 million in FY2021 (+32.0%).
- Quarterly Capital Expenditures has moved between $7.9 million (Q3 2021) and $42.47 million (Q3 2025) over five years.
- Compared with a year earlier, Capital Expenditures has declined for three straight quarters, with growth averaging 17.6% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2022 (growth of 133.2%); the worst was Q1 2026 (a decline of 19.7%).
- Per Business Quant data, FWRG's Capital Expenditures in the three quarters before Q2 2026 was $29.35 million (Q1 2026), $36.8 million (Q4 2025) and $42.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 831.00 Mn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 291.40 Mn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 217.27 Mn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 100.00 Mn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 51.00 Mn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 193.10 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 51.00 Mn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 127.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 98.68 Mn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 40.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 40.50 Mn |
| Mar 29, 2026 | 29.35 Mn |
| Dec 28, 2025 | 36.80 Mn |
| Sep 28, 2025 | 42.47 Mn |
| Jun 29, 2025 | 41.09 Mn |
| Mar 30, 2025 | 36.54 Mn |
| Dec 29, 2024 | 40.64 Mn |
| Sep 29, 2024 | 29.07 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Mar 31, 2024 | 28.58 Mn |
| Dec 31, 2023 | 30.56 Mn |
| Sep 24, 2023 | 23.09 Mn |
| Jun 25, 2023 | 15.16 Mn |
| Mar 26, 2023 | 14.52 Mn |
| Dec 25, 2022 | 17.23 Mn |
| Sep 25, 2022 | 18.42 Mn |
| Jun 26, 2022 | 15.21 Mn |
| Mar 27, 2022 | 11.36 Mn |
| Dec 26, 2021 | 8.25 Mn |
| Sep 26, 2021 | 7.90 Mn |
API Access
First Watch Restaurant Capital Expenditures 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=capital-expenditures&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();