Growth Metrics

First Watch Restaurant (FWRG) Interest Coverage Ratio (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Interest Coverage Ratio data on record, last reported at 1.88 in Q4 2025.

  • For Q4 2025, Interest Coverage Ratio rose 57.09% year-over-year to 1.88; the TTM value through Dec 2025 reached 1.65, down 46.48%, while the annual FY2025 figure was 1.65, 46.48% down from the prior year.
  • Interest Coverage Ratio reached 1.88 in Q4 2025 per FWRG's latest filing, down from 2.2 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 8.04 in Q1 2023 and bottomed at 0.74 in Q4 2021.
  • Average Interest Coverage Ratio over 5 years is 2.88, with a median of 1.94 recorded in 2022.
  • Peak YoY movement for Interest Coverage Ratio: skyrocketed 1167.1% in 2022, then tumbled 92.94% in 2025.
  • A 5-year view of Interest Coverage Ratio shows it stood at 0.74 in 2021, then skyrocketed by 215.09% to 0.85 in 2022, then soared by 254.71% to 3.02 in 2023, then tumbled by 60.26% to 1.2 in 2024, then skyrocketed by 57.09% to 1.88 in 2025.
  • Per Business Quant database, its latest 3 readings for Interest Coverage Ratio were 1.88 in Q4 2025, 2.2 in Q3 2025, and 1.83 in Q2 2025.