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

First Watch Restaurant's (FWRG) quarterly Inventory Average came in at $7.2 million in Q1 2026, up 16.19% year-on-year from $6.2 million in Q1 2025, and up 4.77% quarter-over-quarter from $6.8 million in Q4 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.

  • On a quarterly basis, Inventory Average rose 16.19% year-over-year to $7.2 million in Q1 2026; TTM through Mar 2026 was $7.2 million, a 16.19% increase from a year earlier, with the FY2025 full-year figure at $6.6 million, up 15.59% from the prior year.
  • Inventory Average improved to $7.2 million in Q1 2026 per FWRG's latest filing, from $6.8 million in the prior quarter.
  • Across five years, Inventory Average topped out at $7.2 million in Q1 2026 and bottomed at $3.8 million in Q2 2022.
  • The 5-year median for Inventory Average is $5.3 million (2024), against an average of $5.3 million.
  • Across the five-year window, Inventory Average climbed 21.99% in 2022 and rose 11.24% in 2023, its largest moves.
  • Year by year, Inventory Average 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.
  • Per Business Quant, the three latest FWRG Inventory Average figures stand at $7.2 million (Q1 2026), $6.8 million (Q4 2025), and $6.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 2.14 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 47.10 Mn
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 204.00 Mn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 335.80 Mn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 426.00 Mn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 45.80 Mn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 72.11 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 43.15 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 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