Growth Metrics

First Watch Restaurant (FWRG) Equity Ratio (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Equity Ratio data on record, last reported at 0.35 in Q3 2025.

  • For Q3 2025, Equity Ratio fell 11.01% year-over-year to 0.35; the TTM value through Sep 2025 reached 0.35, down 11.01%, while the annual FY2024 figure was 0.39, 11.25% down from the prior year.
  • Equity Ratio reached 0.35 in Q3 2025 per FWRG's latest filing, down from 0.36 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.49 in Q1 2022 and bottomed at 0.31 in Q3 2021.
  • Average Equity Ratio over 5 years is 0.43, with a median of 0.45 recorded in 2024.
  • Peak YoY movement for Equity Ratio: surged 52.9% in 2022, then decreased 14.13% in 2024.
  • A 5-year view of Equity Ratio shows it stood at 0.48 in 2021, then dropped by 1.69% to 0.47 in 2022, then fell by 6.48% to 0.44 in 2023, then decreased by 11.25% to 0.39 in 2024, then dropped by 10.21% to 0.35 in 2025.
  • Per Business Quant database, its latest 3 readings for Equity Ratio were 0.35 in Q3 2025, 0.36 in Q2 2025, and 0.39 in Q1 2025.