First Watch Restaurant (FWRG) Gross Profit (2020 - 2026)
First Watch Restaurant (FWRG) recorded quarterly Gross Profit of $256.6 million in Q1 2026, down 39.46% quarter-over-quarter from $423.9 million in Q4 2025, and up 7.84% on a YoY basis from $238.0 million in Q1 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 $256.6 million for Q1 2026.
- In Q1 2026, Gross Profit rose 7.84% year-over-year to $256.6 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 32.5% YoY), while the FY2025 annual figure was $1.1 billion, up 41.49% from the prior year.
- Gross Profit was $256.6 million for Q1 2026 at First Watch Restaurant, down from $423.9 million in the prior quarter.
- In the past five years, Gross Profit ranged from a high of $423.9 million in Q4 2025 to a low of $133.7 million in Q1 2022.
- Historically, Gross Profit has averaged $221.9 million across 5 years, with a median of $207.7 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Profit slipped 1.77% in 2024, then soared 107.76% in 2025.
- A 5-year view of Gross Profit shows it stood at $200.5 million in 2022, then climbed by 3.62% to $207.7 million in 2023, then slipped by 1.77% to $204.0 million in 2024, then jumped by 107.76% to $423.9 million in 2025, then tumbled 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 | 114.58 Bn | 112.88 Bn | 9.40 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn |
| 10 | First Watch Restaurant | 722.06 Mn | 698.50 Mn | 256.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |