First Watch Restaurant (FWRG) Invested Capital (2020 - 2026)
First Watch Restaurant's quarterly Invested Capital came in at $909.8 million in Q1 2026, up 13.99% year-on-year from $798.1 million in Q1 2025, and little changed quarter-over-quarter from $908.7 million in Q4 2025.
First Watch Restaurant has reported Invested Capital for 7 years, with the latest figure at $909.8 million in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 13.99% year-over-year to $909.8 million; the trailing twelve-month figure through Mar 2026 stood at $909.8 million (up 13.99% YoY), and the FY2025 full-year result was $908.7 million, up 14.49% from the prior year.
- Invested Capital for Q1 2026 stood at $909.8 million, roughly flat from $908.7 million in the prior quarter.
- The five-year high for Invested Capital was $909.8 million in Q1 2026, with the low at $511.4 million in Q1 2022.
- Average Invested Capital over 5 years is $729.8 million, with a median of $700.2 million recorded in 2024.
- Peak annual rise in Invested Capital reached 90.72% in 2022, while the deepest fall reached 0.59% in 2022.
- Tracing FWRG's Invested Capital over 5 years: stood at $624.1 million in 2022, then increased by 10.03% to $686.7 million in 2023, then advanced by 15.58% to $793.7 million in 2024, then rose by 14.49% to $908.7 million in 2025, then rose by 0.12% to $909.8 million in 2026.
- The last three Invested Capital figures came in at $909.8 million (Q1 2026), $908.7 million (Q4 2025), and $871.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 6.62 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | -6.79 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 2.41 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 18.56 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 4.25 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 5.45 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 1.52 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | -3.90 Bn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 779.66 Mn |
| 10 | First Watch Restaurant | 680.42 Mn | 656.85 Mn | 256.65 Mn | 909.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 909.76 Mn |
| Dec 28, 2025 | 908.66 Mn |
| Sep 28, 2025 | 871.42 Mn |
| Jun 29, 2025 | 863.14 Mn |
| Mar 30, 2025 | 798.10 Mn |
| Dec 29, 2024 | 793.66 Mn |
| Sep 29, 2024 | 786.61 Mn |
| Jun 30, 2024 | 784.50 Mn |
| Mar 31, 2024 | 700.18 Mn |
| Dec 31, 2023 | 686.68 Mn |
| Sep 24, 2023 | 654.93 Mn |
| Jun 25, 2023 | 644.89 Mn |
| Mar 26, 2023 | 633.59 Mn |
| Dec 25, 2022 | 624.06 Mn |
| Sep 25, 2022 | 619.07 Mn |
| Jun 26, 2022 | 615.92 Mn |
| Mar 27, 2022 | 511.36 Mn |
| Dec 26, 2021 | 607.37 Mn |
| Sep 26, 2021 | 615.44 Mn |
| Jun 27, 2021 | 322.95 Mn |
| Mar 28, 2021 | 318.95 Mn |
| Dec 27, 2020 | 610.86 Mn |
| Sep 27, 2020 | 327.81 Mn |