First Watch Restaurant (FWRG) Inventory Average (2021 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Inventory Average of $7.2 million in Q1 2026, up 4.77% quarter-over-quarter from $6.8 million in Q4 2025, and up 16.19% on a YoY basis from $6.2 million in Q1 2025.

First Watch Restaurant (FWRG) Inventory Average (2021 - 2026) Analysis & Trends

First Watch Restaurant's Inventory Average history runs 6 years deep, the most recent figure standing at $7.2 million for Q1 2026.

  • In Q1 2026, Inventory Average rose 16.19% year-over-year to $7.2 million; the TTM figure through Mar 2026 stood at $7.2 million (up 16.19% YoY), while the FY2025 annual figure was $6.6 million, up 15.59% from the prior year.
  • Inventory Average was $7.2 million for Q1 2026 at First Watch Restaurant, up from $6.8 million in the prior quarter.
  • In the past five years, Inventory Average ranged from a high of $7.2 million in Q1 2026 to a low of $3.8 million in Q2 2022.
  • Historically, Inventory Average has averaged $5.3 million across 5 years, with a median of $5.3 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Inventory Average gained 21.99% in 2022, then grew 11.24% in 2023.
  • A 5-year view of Inventory Average shows it stood at $4.6 million in 2022, then grew by 11.24% to $5.1 million in 2023, then rose by 12.52% to $5.7 million in 2024, then climbed by 19.34% to $6.8 million in 2025, then increased by 4.77% to $7.2 million in 2026.
  • The last three Inventory Average figures came in at $7.2 million (Q1 2026), $6.8 million (Q4 2025), and $6.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 2.14 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 47.10 Mn
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 204.00 Mn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 349.90 Mn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 426.00 Mn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 45.80 Mn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 74.17 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 8.80 Mn
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn 7.16 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 7.16 Mn
Dec 28, 2025 6.83 Mn
Sep 28, 2025 6.63 Mn
Jun 29, 2025 6.49 Mn
Mar 30, 2025 6.16 Mn
Dec 29, 2024 5.72 Mn
Sep 29, 2024 5.50 Mn
Jun 30, 2024 5.43 Mn
Mar 31, 2024 5.29 Mn
Dec 31, 2023 5.09 Mn
Sep 24, 2023 4.84 Mn
Jun 25, 2023 4.65 Mn
Mar 26, 2023 4.72 Mn
Dec 25, 2022 4.57 Mn
Sep 25, 2022 4.04 Mn
Jun 26, 2022 3.85 Mn
Mar 27, 2022 3.87 Mn
Dec 26, 2021 3.75 Mn