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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

First Watch Restaurant's quarterly Equity Ratio came in at 0.35 in Q1 2026, down 8.38% year-on-year from 0.39 in Q1 2025, and down 1.59% quarter-over-quarter from 0.36 in Q4 2025.

First Watch Restaurant has reported Equity Ratio for 7 years, with the latest figure at 0.35 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 8.38% year-over-year to 0.35; the trailing twelve-month figure through Mar 2026 stood at 0.35 (down 8.38% YoY), and the FY2025 full-year result was 0.36, down 8.56% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.35, down from 0.36 in the prior quarter.
  • The five-year high for Equity Ratio was 0.49 in Q1 2022, with the low at 0.35 in Q3 2025.
  • Average Equity Ratio over 5 years is 0.43, with a median of 0.44 recorded in 2023.
  • Year-over-year, Equity Ratio jumped 52.9% in 2022 and retreated 14.13% in 2024.
  • Tracing FWRG's Equity Ratio over 5 years: stood at 0.47 in 2022, then dropped by 6.48% to 0.44 in 2023, then slipped by 11.25% to 0.39 in 2024, then fell by 8.56% to 0.36 in 2025, then dropped by 1.59% to 0.35 in 2026.
  • The last three Equity Ratio figures came in at 0.35 (Q1 2026), 0.36 (Q4 2025), and 0.35 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn -0.28
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn -0.89
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 0.27
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 0.21
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 0.16
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 0.50
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 0.42
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn -2.12
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 0.57
10 First Watch Restaurant 680.42 Mn 656.85 Mn 256.65 Mn 0.35

Historic Data

Download Data 🔒
DateValue
Mar 29, 2026 0.35
Dec 28, 2025 0.36
Sep 28, 2025 0.35
Jun 29, 2025 0.36
Mar 30, 2025 0.39
Dec 29, 2024 0.39
Sep 29, 2024 0.40
Jun 30, 2024 0.41
Mar 31, 2024 0.45
Dec 31, 2023 0.44
Sep 24, 2023 0.46
Jun 25, 2023 0.47
Mar 26, 2023 0.48
Dec 25, 2022 0.47
Sep 25, 2022 0.48
Jun 26, 2022 0.48
Mar 27, 2022 0.49
Dec 26, 2021 0.48
Sep 26, 2021 0.31
Dec 27, 2020 0.32