Growth Metrics

First Watch Restaurant (FWRG) Leases (2020 - 2026)

First Watch Restaurant's quarterly Leases came in at $631.5 million in Q1 2026, up 15.11% year-on-year from $548.5 million in Q1 2025, and up 2.75% quarter-over-quarter from $614.5 million in Q4 2025.

First Watch Restaurant has reported Leases for 7 years, with the latest figure at $631.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Leases rose 15.11% year-over-year to $631.5 million; the trailing twelve-month figure through Mar 2026 stood at $631.5 million (up 15.11% YoY), and the FY2025 full-year result was $614.5 million, up 16.46% from the prior year.
  • Leases for Q1 2026 stood at $631.5 million, up from $614.5 million in the prior quarter.
  • The five-year high for Leases was $631.5 million in Q1 2026, with the low at $919000.0 in Q2 2024.
  • Average Leases over 5 years is $390.5 million, with a median of $420.0 million recorded in 2023.
  • Year-over-year, Leases sank 99.75% in 2024 and surged 64694.78% in 2025.
  • Tracing FWRG's Leases over 5 years: stood at $352.4 million in 2022, then advanced by 19.19% to $420.0 million in 2023, then climbed by 25.64% to $527.7 million in 2024, then rose by 16.46% to $614.5 million in 2025, then gained by 2.75% to $631.5 million in 2026.
  • The last three Leases figures came in at $631.5 million (Q1 2026), $614.5 million (Q4 2025), and $609.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Leases (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn 8.19 Bn
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn 1.23 Bn
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 4.61 Bn
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 1.97 Bn
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 1.39 Bn
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 2.18 Bn
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 912.79 Mn
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn 202.80 Mn
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 389.42 Mn
10 First Watch Restaurant 680.42 Mn 656.85 Mn 256.65 Mn 631.46 Mn

Historic Data

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DateValue
Mar 29, 2026 631.46 Mn
Dec 28, 2025 614.55 Mn
Sep 28, 2025 609.82 Mn
Jun 29, 2025 595.46 Mn
Mar 30, 2025 548.55 Mn
Dec 29, 2024 527.67 Mn
Sep 29, 2024 507.63 Mn
Jun 30, 2024 919,000.00
Mar 31, 2024 422.59 Mn
Dec 31, 2023 420.00 Mn
Sep 24, 2023 1.06 Mn
Jun 25, 2023 369.59 Mn
Mar 26, 2023 355.50 Mn
Dec 25, 2022 352.37 Mn
Sep 25, 2022 349.27 Mn
Jun 26, 2022 1.56 Mn
Mar 27, 2022 331.11 Mn
Dec 26, 2021 325.00 Mn
Sep 26, 2021 318.93 Mn
Dec 27, 2020 307.56 Mn