First Watch Restaurant (FWRG) Debt Ratio (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly Debt Ratio of 0.16 for Q1 2026, up 21.67% year-over-year from 0.13 in Q1 2025, and down 1.9% quarter-over-quarter from 0.16 in Q4 2025.
First Watch Restaurant (FWRG) Debt Ratio (2020 - 2026) Analysis & Trends
First Watch Restaurant's Debt Ratio history runs 7 years deep, the most recent figure standing at 0.16 for Q1 2026.
- In Q1 2026, Debt Ratio rose 21.67% year-over-year to 0.16; the TTM figure through Mar 2026 stood at 0.16 (up 21.67% YoY), while the FY2025 annual figure was 0.16, up 23.81% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.16, down from 0.16 in the prior quarter.
- The five-year high for Debt Ratio was 0.16 in Q4 2025, with the low at 0.08 in Q3 2023.
- The 5-year median for Debt Ratio is 0.1 (2023), against an average of 0.12.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio slumped 66.79% in 2022, then jumped 63.9% in 2024.
- First Watch Restaurant's Debt Ratio stood at 0.09 in 2022, then advanced by 8.3% to 0.1 in 2023, then soared by 32.29% to 0.13 in 2024, then gained by 23.81% to 0.16 in 2025, then declined by 1.9% to 0.16 in 2026.
- Business Quant data shows FWRG's Debt Ratio at 0.16 in Q1 2026, 0.16 in Q4 2025, and 0.15 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 0.67 |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 0.52 |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | - |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.41 |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 0.53 |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 0.18 |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 0.53 |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 0.01 |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 0.01 |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 0.16 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 0.16 |
| Mar 29, 2026 | 0.16 |
| Dec 28, 2025 | 0.16 |
| Sep 28, 2025 | 0.15 |
| Jun 29, 2025 | 0.16 |
| Mar 30, 2025 | 0.13 |
| Dec 29, 2024 | 0.13 |
| Sep 29, 2024 | 0.13 |
| Jun 30, 2024 | 0.14 |
| Mar 31, 2024 | 0.10 |
| Dec 31, 2023 | 0.10 |
| Sep 24, 2023 | 0.08 |
| Jun 25, 2023 | 0.09 |
| Mar 26, 2023 | 0.09 |
| Dec 25, 2022 | 0.09 |
| Sep 25, 2022 | 0.09 |
| Jun 26, 2022 | 0.09 |
| Mar 27, 2022 | 0.10 |
| Dec 26, 2021 | 0.10 |
| Sep 26, 2021 | 0.28 |