First Watch Restaurant (FWRG) Debt to Equity (2020 - 2026)
First Watch Restaurant's quarterly Debt to Equity came in at $0.43 in Q1 2026, up 33.39% year-on-year from $0.32 in Q1 2025, and little changed quarter-over-quarter from $0.43 in Q4 2025.
First Watch Restaurant has reported Debt to Equity for 7 years, with the latest figure at $0.43 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 33.39% year-over-year to $0.43; the trailing twelve-month figure through Mar 2026 stood at $0.43 (up 33.39% YoY), and the FY2025 full-year result was $0.43, up 35.69% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.43, roughly flat from $0.43 in the prior quarter.
- The five-year high for Debt to Equity was $0.43 in Q4 2025, with the low at $0.16 in Q3 2023.
- Average Debt to Equity over 5 years is $0.27, with a median of $0.21 recorded in 2024.
- Year-over-year, Debt to Equity plunged 79.49% in 2022 and surged 97.59% in 2024.
- Tracing FWRG's Debt to Equity over 5 years: stood at $0.18 in 2022, then increased by 17.91% to $0.21 in 2023, then soared by 48.88% to $0.32 in 2024, then surged by 35.69% to $0.43 in 2025, then retreated by 0.48% to $0.43 in 2026.
- The last three Debt to Equity figures came in at $0.43 (Q1 2026), $0.43 (Q4 2025), and $0.41 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | -1.78 |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | -1.64 |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | - |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 2.51 |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 0.14 |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 0.00 |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 0.03 |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | -1.25 |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | - |
| 10 | First Watch Restaurant | 680.42 Mn | 656.85 Mn | 256.65 Mn | 0.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 0.43 |
| Dec 28, 2025 | 0.43 |
| Sep 28, 2025 | 0.41 |
| Jun 29, 2025 | 0.42 |
| Mar 30, 2025 | 0.32 |
| Dec 29, 2024 | 0.32 |
| Sep 29, 2024 | 0.32 |
| Jun 30, 2024 | 0.33 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 0.21 |
| Sep 24, 2023 | 0.16 |
| Jun 25, 2023 | 0.17 |
| Mar 26, 2023 | 0.17 |
| Dec 25, 2022 | 0.18 |
| Sep 25, 2022 | 0.18 |
| Jun 26, 2022 | 0.19 |
| Mar 27, 2022 | 0.19 |
| Dec 26, 2021 | 0.20 |
| Sep 26, 2021 | 0.90 |
| Dec 27, 2020 | 0.90 |