First Watch Restaurant (FWRG) Equity Average (2020 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Equity Average of $627.0 million in Q1 2026, up 1.65% quarter-over-quarter from $616.8 million in Q4 2025, and up 5.22% on a YoY basis from $595.8 million in Q1 2025.

First Watch Restaurant (FWRG) Equity Average (2020 - 2026) Analysis & Trends

First Watch Restaurant's Equity Average history runs 7 years deep, the most recent figure standing at $627.0 million for Q1 2026.

  • In Q1 2026, Equity Average rose 5.22% year-over-year to $627.0 million; the TTM figure through Mar 2026 stood at $627.0 million (up 5.22% YoY), while the FY2025 annual figure was $610.8 million, up 5.62% from the prior year.
  • Equity Average was $627.0 million for Q1 2026 at First Watch Restaurant, up from $616.8 million in the prior quarter.
  • In the past five years, Equity Average ranged from a high of $627.0 million in Q1 2026 to a low of $507.9 million in Q1 2022.
  • Historically, Equity Average has averaged $565.4 million across 5 years, with a median of $567.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Equity Average soared 60.31% in 2022, then climbed 2.87% in 2025.
  • A 5-year view of Equity Average shows it stood at $521.7 million in 2022, then advanced by 7.19% to $559.2 million in 2023, then advanced by 5.91% to $592.3 million in 2024, then rose by 4.14% to $616.8 million in 2025, then rose by 1.65% to $627.0 million in 2026.
  • The last three Equity Average figures came in at $627.0 million (Q1 2026), $616.8 million (Q4 2025), and $604.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn -8.42 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 2.62 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn -7.30 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 5.23 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 2.09 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 5.77 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn -3.90 Bn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 774.34 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn 626.97 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 626.97 Mn
Dec 28, 2025 616.80 Mn
Sep 28, 2025 604.31 Mn
Jun 29, 2025 598.80 Mn
Mar 30, 2025 595.84 Mn
Dec 29, 2024 592.26 Mn
Sep 29, 2024 587.46 Mn
Jun 30, 2024 580.11 Mn
Mar 31, 2024 567.86 Mn
Dec 31, 2023 559.19 Mn
Sep 24, 2023 551.46 Mn
Jun 25, 2023 540.20 Mn
Mar 26, 2023 528.85 Mn
Dec 25, 2022 521.70 Mn
Sep 25, 2022 518.70 Mn
Jun 26, 2022 514.24 Mn
Mar 27, 2022 507.90 Mn
Dec 26, 2021 414.29 Mn
Sep 26, 2021 323.55 Mn
Jun 27, 2021 320.95 Mn