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| 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 |
| 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 |