First Watch Restaurant (FWRG) Depreciation & Amortization (CF) (2020 - 2026)
First Watch Restaurant's Depreciation & Amortization (CF) was $22.7 million in Q3 2026, up 15.5% from $19.66 million a year earlier and up 3.9% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Depreciation & Amortization (CF) (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Watch Restaurant's Depreciation & Amortization (CF) was $86.59 million through Sep 27, 2026, up 23.5% year-over-year; for FY2025, it was $75.01 million, up 30.0% from FY2024.
- Depreciation & Amortization (CF) has now increased for six consecutive years, with a five-year compound annual growth rate of 19.5% (FY2020 to FY2025).
- In earlier years, Depreciation & Amortization (CF) was $57.72 million in FY2024 (+40.0%), $41.22 million in FY2023 (+20.4%), $34.23 million in FY2022 (+5.7%) and $32.38 million in FY2021 (+5.4%).
- The Q3 2026 figure marks the highest quarterly Depreciation & Amortization (CF) in data going back to Q3 2020.
- Compared with a year earlier, Depreciation & Amortization (CF) has increased for 21 straight quarters, with growth averaging 26.8% over the last eight quarters.
- The year-over-year growth in Depreciation & Amortization (CF) has ranged between 5.3% (Q2 2022) and 54.0% (Q2 2024) over the last five years.
- Per Business Quant data, FWRG's Depreciation & Amortization (CF) in the three quarters before Q3 2026 was $21.84 million (Q2 2026), $21.4 million (Q1 2026) and $20.66 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 199.07 Bn | 195.11 Bn | 6.47 Bn | 567.00 Mn |
| 2 | Starbucks | 125.34 Bn | 125.35 Bn | - | 384.20 Mn |
| 3 | Chipotle Mexican Grill | 45.50 Bn | 42.00 Bn | - | 102.61 Mn |
| 4 | Yum Brands | 42.97 Bn | 38.79 Bn | 1.38 Bn | 57.00 Mn |
| 5 | Restaurant Brands International | 27.07 Bn | 24.44 Bn | 1.40 Bn | 74.00 Mn |
| 6 | Darden Restaurants | 25.87 Bn | 24.97 Bn | 1.68 Bn | 144.20 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 74.00 Mn |
| 8 | Yum China Holdings | 16.86 Bn | 11.73 Bn | 652.00 Mn | 121.00 Mn |
| 9 | Texas Roadhouse | 12.35 Bn | 11.68 Bn | 1.02 Bn | 60.32 Mn |
| 10 | First Watch Restaurant | 829.60 Mn | 743.24 Mn | 3.14 Mn | 22.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 22.70 Mn |
| Jun 28, 2026 | 21.84 Mn |
| Mar 29, 2026 | 21.40 Mn |
| Dec 28, 2025 | 20.66 Mn |
| Sep 28, 2025 | 19.66 Mn |
| Jun 29, 2025 | 18.14 Mn |
| Mar 30, 2025 | 16.56 Mn |
| Dec 29, 2024 | 15.76 Mn |
| Sep 29, 2024 | 15.15 Mn |
| Jun 30, 2024 | 14.54 Mn |
| Mar 31, 2024 | 12.27 Mn |
| Dec 31, 2023 | 12.23 Mn |
| Sep 24, 2023 | 10.43 Mn |
| Jun 25, 2023 | 9.44 Mn |
| Mar 26, 2023 | 9.12 Mn |
| Dec 25, 2022 | 8.93 Mn |
| Sep 25, 2022 | 8.68 Mn |
| Jun 26, 2022 | 8.40 Mn |
| Mar 27, 2022 | 8.22 Mn |
| Dec 26, 2021 | 8.41 Mn |
API Access
First Watch Restaurant Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();