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
DateValue
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