First Watch Restaurant (FWRG) Common Equity (2020 - 2026)
First Watch Restaurant (FWRG) reported Common Equity of $643.84 million for Q3 2026, up 6.0% from $607.31 million a year earlier and up 1.5% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Common Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, First Watch Restaurant posted Common Equity of $626.28 million, up 5.2% from FY2024.
- Common Equity has increased for five consecutive years, with a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- By year, Common Equity came in at $595.39 million in FY2024 (+6.1%), $561.28 million in FY2023 (+7.3%), $523.14 million in FY2022 (+3.7%) and $504.43 million in FY2021 (+57.2%).
- The Q3 2026 figure ranks as the highest quarterly Common Equity in data going back to Q3 2020.
- Year over year, Common Equity has now increased in each of the last 20 quarters, with growth averaging 4.7% over the last eight quarters.
- The year-over-year growth in Common Equity has ranged between 2.7% (Q2 2025) and 60.5% (Q3 2022) over the last five years.
- Per Business Quant data, the three quarters before Q3 2026 came in at $634.17 million (Q2 2026), $627.66 million (Q1 2026) and $626.28 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.08 Bn | 192.90 Bn | 6.42 Bn | -1.02 Bn |
| 2 | Starbucks | 123.34 Bn | 110.96 Bn | - | -7.67 Bn |
| 3 | Chipotle Mexican Grill | 45.28 Bn | 41.78 Bn | - | 2.46 Bn |
| 4 | Yum Brands | 43.42 Bn | 40.31 Bn | 1.47 Bn | -7.11 Bn |
| 5 | Restaurant Brands International | 26.75 Bn | 22.54 Bn | 1.40 Bn | 5.53 Bn |
| 6 | Darden Restaurants | 25.71 Bn | 24.80 Bn | 1.68 Bn | 2.07 Bn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 5.53 Bn |
| 8 | Yum China Holdings | 17.17 Bn | 10.82 Bn | 537.00 Mn | 6.06 Bn |
| 9 | Texas Roadhouse | 12.34 Bn | 11.68 Bn | - | 1.58 Bn |
| 10 | First Watch Restaurant | 835.07 Mn | 748.71 Mn | - | 643.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 643.84 Mn |
| Jun 28, 2026 | 634.17 Mn |
| Mar 29, 2026 | 627.66 Mn |
| Dec 28, 2025 | 626.28 Mn |
| Sep 28, 2025 | 607.31 Mn |
| Jun 29, 2025 | 601.31 Mn |
| Mar 30, 2025 | 596.29 Mn |
| Dec 29, 2024 | 595.39 Mn |
| Sep 29, 2024 | 589.13 Mn |
| Jun 30, 2024 | 585.78 Mn |
| Mar 31, 2024 | 574.44 Mn |
| Dec 31, 2023 | 561.28 Mn |
| Sep 24, 2023 | 557.09 Mn |
| Jun 25, 2023 | 545.84 Mn |
| Mar 26, 2023 | 534.56 Mn |
| Dec 25, 2022 | 523.14 Mn |
| Sep 25, 2022 | 520.27 Mn |
| Jun 26, 2022 | 517.12 Mn |
| Mar 27, 2022 | 511.36 Mn |
| Dec 26, 2021 | 504.43 Mn |
API Access
First Watch Restaurant Common Equity 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=common-equity&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();