First Watch Restaurant (FWRG) Invested Capital (2020 - 2026)

First Watch Restaurant's Invested Capital history runs 7 years deep, the most recent figure standing at $909.8 million for Q1 2026.

• In Q1 2026, Invested Capital rose 13.99% year-over-year to $909.8 million; the TTM figure through Mar 2026 stood at $909.8 million (up 13.99% YoY), while the FY2025 annual figure was $908.7 million, up 14.49% from the prior year.
• Invested Capital was $909.8 million for Q1 2026 at First Watch Restaurant, roughly flat from $908.7 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $909.8 million in Q1 2026 to a low of $511.4 million in Q1 2022.
• Historically, Invested Capital has averaged $729.8 million across 5 years, with a median of $700.2 million in 2024.
• Biggest YoY gain for Invested Capital was 90.72% in 2022; the steepest drop was 0.59% in 2022.
• A 5-year view of Invested Capital shows it stood at $624.1 million in 2022, then grew by 10.03% to $686.7 million in 2023, then gained by 15.58% to $793.7 million in 2024, then increased by 14.49% to $908.7 million in 2025, then increased 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.