Growth Metrics

First Watch Restaurant (FWRG) Invested Capital (2020 - 2025)

First Watch Restaurant has reported Invested Capital over the past 6 years, most recently at $908.7 million for Q4 2025.

  • Quarterly results put Invested Capital at $908.7 million for Q4 2025, up 14.49% from a year ago — trailing twelve months through Dec 2025 was $908.7 million (up 14.49% YoY), and the annual figure for FY2025 was $908.7 million, up 14.49%.
  • Invested Capital for Q4 2025 was $908.7 million at First Watch Restaurant, up from $871.4 million in the prior quarter.
  • Over the last five years, Invested Capital for FWRG hit a ceiling of $908.7 million in Q4 2025 and a floor of $319.0 million in Q1 2021.
  • Median Invested Capital over the past 5 years was $649.9 million (2023), compared with a mean of $668.1 million.
  • Biggest five-year swings in Invested Capital: dropped 0.57% in 2021 and later surged 90.72% in 2022.
  • First Watch Restaurant's Invested Capital stood at $607.4 million in 2021, then rose by 2.75% to $624.1 million in 2022, then increased by 10.03% to $686.7 million in 2023, then increased by 15.58% to $793.7 million in 2024, then rose by 14.49% to $908.7 million in 2025.
  • The last three reported values for Invested Capital were $908.7 million (Q4 2025), $871.4 million (Q3 2025), and $863.1 million (Q2 2025) per Business Quant data.