First Watch Restaurant (FWRG) Gross Profit (2020 - 2026)
First Watch Restaurant's (FWRG) quarterly Gross Profit came in at $279.1 million in Q1 2026, up 7.71% year-on-year from $259.1 million in Q1 2025, and up 57.43% quarter-over-quarter from $177.3 million in Q4 2025.
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.
- On a quarterly basis, Gross Profit rose 7.71% year-over-year to $279.1 million in Q1 2026; TTM through Mar 2026 was $985.7 million, a 16.43% increase from a year earlier, with the FY2025 full-year figure at $942.4 million, up 9.08% from the prior year.
- Gross Profit rose to $279.1 million in Q1 2026 per FWRG's latest filing, from $177.3 million in the prior quarter.
- Across five years, Gross Profit topped out at $319.3 million in Q4 2023 and bottomed 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.
- Across the five-year window, Gross Profit jumped 103.31% in 2023 and plunged 46.11% in 2024, its largest moves.
- Year by year, Gross Profit stood at $157.0 million in 2022, then soared by 103.31% to $319.3 million in 2023, then plunged by 46.11% to $172.1 million in 2024, then advanced by 3.02% to $177.3 million in 2025, then surged by 57.43% to $279.1 million in 2026.
- Per Business Quant, the three latest FWRG Gross Profit figures stand at $279.1 million (Q1 2026), $177.3 million (Q4 2025), and $246.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn |
| 10 | First Watch Restaurant | 737.04 Mn | 713.47 Mn | 279.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 279.06 Mn |
| Mar 29, 2026 | 279.06 Mn |
| Dec 28, 2025 | 177.26 Mn |
| Dec 28, 2025 | 177.26 Mn |
| Sep 28, 2025 | 246.29 Mn |
| Sep 28, 2025 | 246.29 Mn |
| Jun 29, 2025 | 283.08 Mn |
| Jun 29, 2025 | 283.08 Mn |
| Mar 30, 2025 | 259.09 Mn |
| Mar 30, 2025 | 259.09 Mn |
| Dec 29, 2024 | 172.06 Mn |
| Dec 29, 2024 | 172.06 Mn |
| Sep 29, 2024 | 212.72 Mn |
| Sep 29, 2024 | 212.72 Mn |
| Jun 30, 2024 | 202.76 Mn |
| Jun 30, 2024 | 202.76 Mn |
| Mar 31, 2024 | 205.66 Mn |
| Mar 31, 2024 | 205.66 Mn |
| Dec 31, 2023 | 319.26 Mn |
| Dec 31, 2023 | 319.26 Mn |