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| Date | Value |
|---|---|
| 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 |