Growth Metrics

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

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DateValue
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