Growth Metrics

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

First Watch Restaurant has reported Equity Ratio over the past 7 years, most recently at 0.35 for Q1 2026.

  • For Q1 2026, Equity Ratio fell 8.38% year-over-year to 0.35; the TTM value through Mar 2026 reached 0.35, down 8.38%, while the annual FY2025 figure was 0.36, 8.56% down from the prior year.
  • Equity Ratio for Q1 2026 was 0.35 at First Watch Restaurant, down from 0.36 in the prior quarter.
  • Over five years, Equity Ratio peaked at 0.49 in Q1 2022 and troughed at 0.35 in Q3 2025.
  • A 5-year average of 0.43 and a median of 0.44 in 2023 define the central range for Equity Ratio.
  • Biggest five-year swings in Equity Ratio: surged 52.9% in 2022 and later decreased 14.13% in 2024.
  • Year by year, Equity Ratio stood at 0.47 in 2022, then decreased by 6.48% to 0.44 in 2023, then dropped by 11.25% to 0.39 in 2024, then dropped by 8.56% to 0.36 in 2025, then decreased by 1.59% to 0.35 in 2026.
  • Business Quant data shows Equity Ratio for FWRG at 0.35 in Q1 2026, 0.36 in Q4 2025, and 0.35 in Q3 2025.