Growth Metrics

First Watch Restaurant (FWRG) Gross Profit (2020 - 2026)

First Watch Restaurant's quarterly Gross Profit came in at $256.6 million in Q1 2026, up 7.84% year-on-year from $238.0 million in Q1 2025, and down 39.46% quarter-over-quarter from $423.9 million in Q4 2025.

First Watch Restaurant has reported Gross Profit for 7 years, with the latest figure at $256.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Gross Profit rose 7.84% year-over-year to $256.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (up 32.5% YoY), and the FY2025 full-year result was $1.1 billion, up 41.49% from the prior year.
  • Gross Profit for Q1 2026 stood at $256.6 million, down from $423.9 million in the prior quarter.
  • The five-year high for Gross Profit was $423.9 million in Q4 2025, with the low at $133.7 million in Q1 2022.
  • Average Gross Profit over 5 years is $221.9 million, with a median of $207.7 million recorded in 2023.
  • Year-over-year, Gross Profit declined 1.77% in 2024 and surged 107.76% in 2025.
  • Tracing FWRG's Gross Profit over 5 years: stood at $200.5 million in 2022, then grew by 3.62% to $207.7 million in 2023, then dropped by 1.77% to $204.0 million in 2024, then surged by 107.76% to $423.9 million in 2025, then slumped by 39.46% to $256.6 million in 2026.
  • The last three Gross Profit figures came in at $256.6 million (Q1 2026), $423.9 million (Q4 2025), and $290.1 million (Q3 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data 🔒
DateValue
Mar 29, 2026 256.65 Mn
Mar 29, 2026 256.65 Mn
Dec 28, 2025 423.92 Mn
Dec 28, 2025 423.92 Mn
Sep 28, 2025 290.13 Mn
Sep 28, 2025 290.13 Mn
Jun 29, 2025 235.91 Mn
Jun 29, 2025 235.91 Mn
Mar 30, 2025 237.98 Mn
Mar 30, 2025 237.98 Mn
Dec 29, 2024 204.05 Mn
Dec 29, 2024 204.05 Mn
Sep 29, 2024 230.53 Mn
Sep 29, 2024 230.53 Mn
Jun 30, 2024 238.07 Mn
Jun 30, 2024 238.07 Mn
Mar 31, 2024 223.28 Mn
Mar 31, 2024 223.28 Mn
Dec 31, 2023 207.73 Mn
Dec 31, 2023 207.73 Mn
Sep 24, 2023 185.52 Mn
Sep 24, 2023 185.52 Mn
Jun 25, 2023 184.12 Mn
Jun 25, 2023 184.12 Mn
Mar 26, 2023 179.71 Mn
Mar 26, 2023 179.71 Mn
Dec 25, 2022 200.47 Mn
Dec 25, 2022 200.47 Mn
Sep 25, 2022 171.76 Mn
Sep 25, 2022 171.76 Mn
Jun 26, 2022 169.61 Mn
Jun 26, 2022 169.61 Mn
Mar 27, 2022 133.71 Mn
Mar 27, 2022 133.71 Mn
Dec 26, 2021 124.80 Mn
Dec 26, 2021 124.80 Mn
Sep 26, 2021 157.32 Mn
Sep 26, 2021 157.32 Mn
Jun 27, 2021 140.20 Mn
Jun 27, 2021 140.20 Mn
Mar 28, 2021 113.87 Mn
Mar 28, 2021 113.87 Mn
Dec 27, 2020 70.73 Mn
Dec 27, 2020 70.73 Mn
Sep 27, 2020 79.87 Mn
Sep 27, 2020 79.87 Mn