Growth Metrics

First Watch Restaurant (FWRG) Debt Ratio (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Debt Ratio data on record, last reported at 0.15 in Q4 2025.

  • For Q4 2025, Debt Ratio rose 24.08% year-over-year to 0.15; the TTM value through Dec 2025 reached 0.15, up 24.08%, while the annual FY2025 figure was 0.15, 24.08% up from the prior year.
  • Debt Ratio reached 0.15 in Q4 2025 per FWRG's latest filing, up from 0.15 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.28 in Q3 2021 and bottomed at 0.08 in Q3 2023.
  • Average Debt Ratio over 5 years is 0.12, with a median of 0.1 recorded in 2024.
  • Peak YoY movement for Debt Ratio: crashed 68.63% in 2022, then soared 69.68% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.1 in 2021, then decreased by 10.04% to 0.09 in 2022, then rose by 10.28% to 0.09 in 2023, then soared by 32.14% to 0.12 in 2024, then grew by 24.08% to 0.15 in 2025.
  • Per Business Quant database, its latest 3 readings for Debt Ratio were 0.15 in Q4 2025, 0.15 in Q3 2025, and 0.15 in Q2 2025.