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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |