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| Date | Value |
|---|---|
| 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 |