First Watch Restaurant (FWRG) Enterprise Value (2021 - 2026)
First Watch Restaurant (FWRG) posted quarterly Enterprise Value of -$23.6 million for Q1 2026, down 26.65% year-over-year from -$32.1 million in Q1 2025, and down 10.91% quarter-over-quarter from -$21.2 million in Q4 2025.
Analysis
First Watch Restaurant (FWRG) Enterprise Value (2021 - 2026) Analysis & Trends
First Watch Restaurant's Enterprise Value history runs 7 years deep, the most recent figure standing at -$23.6 million for Q1 2026.
- In Q1 2026, Enterprise Value fell 26.65% year-over-year to -$23.6 million; the TTM figure through Mar 2026 stood at -$23.6 million (down 26.65% YoY), while the FY2025 annual figure was -$21.2 million, up 36.26% from the prior year.
- Enterprise Value for Q1 2026 stood at -$23.6 million, down from -$21.2 million in the prior quarter.
- The five-year high for Enterprise Value was -$18.6 million in Q1 2025, with the low at -$67.1 million in Q2 2023.
- The 5-year median for Enterprise Value is -$46.1 million (2024), against an average of -$40.6 million.
- The sharpest annual moves came in 2025 and 2026: Enterprise Value jumped 59.49% in 2025, then declined 26.65% in 2026.
- First Watch Restaurant's Enterprise Value stood at -$49.9 million in 2022, then slipped by 0.33% to -$50.1 million in 2023, then surged by 33.45% to -$33.3 million in 2024, then surged by 36.26% to -$21.2 million in 2025, then declined by 10.91% to -$23.6 million in 2026.
- Business Quant data shows FWRG's Enterprise Value at -$23.6 million in Q1 2026, -$21.2 million in Q4 2025, and -$20.7 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn |
| 10 | First Watch Restaurant | 743.74 Mn | 723.25 Mn | 272.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 765.73 Mn |
| Mar 29, 2026 | 611.79 Mn |
| Dec 28, 2025 | 951.36 Mn |
| Sep 28, 2025 | 955.80 Mn |
| Jun 29, 2025 | 963.92 Mn |
| Mar 30, 2025 | 1.01 Bn |
| Dec 29, 2024 | 1.10 Bn |
| Sep 29, 2024 | 901.96 Mn |
| Jun 30, 2024 | 1.01 Bn |
| Mar 31, 2024 | 1.44 Bn |
| Dec 31, 2023 | 1.15 Bn |
| Sep 24, 2023 | 1.03 Bn |
| Jun 25, 2023 | 889.88 Mn |
| Mar 26, 2023 | 855.35 Mn |
| Dec 25, 2022 | 791.47 Mn |
| Sep 25, 2022 | 808.16 Mn |
| Jun 26, 2022 | 802.78 Mn |
| Mar 27, 2022 | 696.06 Mn |
| Dec 26, 2021 | 717.86 Mn |