First Watch Restaurant (FWRG) Equity Ratio (2020 - 2025)
First Watch Restaurant has reported Equity Ratio over the past 6 years, most recently at 0.36 for Q4 2025.
- Quarterly results put Equity Ratio at 0.36 for Q4 2025, down 8.56% from a year ago — trailing twelve months through Dec 2025 was 0.36 (down 8.56% YoY), and the annual figure for FY2025 was 0.36, down 8.56%.
- Equity Ratio for Q4 2025 was 0.36 at First Watch Restaurant, up from 0.35 in the prior quarter.
- Over the last five years, Equity Ratio for FWRG hit a ceiling of 0.49 in Q1 2022 and a floor of 0.31 in Q3 2021.
- Median Equity Ratio over the past 5 years was 0.45 (2023), compared with a mean of 0.43.
- Biggest five-year swings in Equity Ratio: skyrocketed 52.9% in 2022 and later dropped 14.13% in 2024.
- First Watch Restaurant's Equity Ratio stood at 0.48 in 2021, then decreased by 1.69% to 0.47 in 2022, then dropped by 6.48% to 0.44 in 2023, then fell by 11.25% to 0.39 in 2024, then fell by 8.56% to 0.36 in 2025.
- The last three reported values for Equity Ratio were 0.36 (Q4 2025), 0.35 (Q3 2025), and 0.36 (Q2 2025) per Business Quant data.