First Watch Restaurant FWRG
NASDAQ FWRG
$12.16 +0.47 (+3.97%)
As of: Sep 4, 2026 · 3:19 PM EDT

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

First Watch Restaurant (FWRG) posted quarterly Gross Profit of $279.1 million for Q1 2026, up 7.71% year-over-year from $259.1 million in Q1 2025, and up 57.43% quarter-over-quarter from $177.3 million in Q4 2025.

Analysis

First Watch Restaurant (FWRG) Gross Profit (2020 - 2026) Analysis & Trends

First Watch Restaurant's Gross Profit history runs 7 years deep, the most recent figure standing at $279.1 million for Q1 2026.

  • In Q1 2026, Gross Profit rose 7.71% year-over-year to $279.1 million; the TTM figure through Mar 2026 stood at $985.7 million (up 16.43% YoY), while the FY2025 annual figure was $942.4 million, up 9.08% from the prior year.
  • Gross Profit for Q1 2026 stood at $279.1 million, up from $177.3 million in the prior quarter.
  • The five-year high for Gross Profit was $319.3 million in Q4 2023, with the low at $133.7 million in Q1 2022.
  • The 5-year median for Gross Profit is $201.7 million (2023), against an average of $208.3 million.
  • The sharpest annual moves came in 2023 and 2024: Gross Profit jumped 103.31% in 2023, then tumbled 46.11% in 2024.
  • First Watch Restaurant's Gross Profit stood at $157.0 million in 2022, then surged by 103.31% to $319.3 million in 2023, then sank by 46.11% to $172.1 million in 2024, then gained by 3.02% to $177.3 million in 2025, then jumped by 57.43% to $279.1 million in 2026.
  • Business Quant data shows FWRG's Gross Profit at $279.1 million in Q1 2026, $177.3 million in Q4 2025, and $246.3 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Mcdonalds 181.97 Bn 181.15 Bn 6.42 Bn
2 Starbucks 119.42 Bn 115.81 Bn 6.49 Bn
3 Chipotle Mexican Grill 47.31 Bn 46.63 Bn 2.35 Bn
4 Yum Brands 41.46 Bn 40.78 Bn 1.47 Bn
5 Restaurant Brands International 28.02 Bn 26.95 Bn 1.89 Bn
6 Darden Restaurants 25.13 Bn 24.91 Bn 3.68 Bn
7 Restaurant Brands International Limited Partnership 17.24 Bn 16.18 Bn 1.89 Bn
8 Yum China Holdings 15.19 Bn 13.81 Bn 2.22 Bn
9 Texas Roadhouse 12.44 Bn 12.24 Bn 1.44 Bn
10 First Watch Restaurant 750.21 Mn 729.73 Mn 272.08 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 272.08 Mn
Mar 29, 2026 256.65 Mn
Dec 28, 2025 244.61 Mn
Sep 28, 2025 246.29 Mn
Jun 29, 2025 235.91 Mn
Mar 30, 2025 215.59 Mn
Dec 29, 2024 204.05 Mn
Sep 29, 2024 195.74 Mn
Jun 30, 2024 202.76 Mn
Mar 31, 2024 190.27 Mn
Dec 31, 2023 190.29 Mn
Sep 24, 2023 170.50 Mn
Jun 25, 2023 168.61 Mn
Mar 26, 2023 164.78 Mn
Dec 25, 2022 142.38 Mn
Sep 25, 2022 142.27 Mn
Jun 26, 2022 139.23 Mn
Mar 27, 2022 133.71 Mn
Dec 26, 2021 124.80 Mn
Sep 26, 2021 121.57 Mn