First Watch Restaurant (FWRG) Liabilities and Shareholders Equity (2020 - 2026)
First Watch Restaurant's Liabilities and Shareholders Equity came in at $1.82 billion for Q2 2026, up 8.6% from $1.68 billion a year earlier and up 2.6% from the prior quarter.
Powered by 
Analysis
First Watch Restaurant (FWRG) Liabilities and Shareholders Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, First Watch Restaurant's Liabilities and Shareholders Equity was $1.74 billion, up 15.0% from FY2024.
- Liabilities and Shareholders Equity has increased in each of the last five years, with a five-year compound annual growth rate of 11.6% (FY2020 to FY2025).
- Going back by year, Liabilities and Shareholders Equity was $1.51 billion in FY2024 (+19.5%), $1.27 billion in FY2023 (+14.7%), $1.1 billion in FY2022 (+5.5%) and $1.05 billion in FY2021 (+3.9%).
- The Q2 2026 figure represents the highest quarterly Liabilities and Shareholders Equity in data going back to Q4 2020.
- Year-over-year, Liabilities and Shareholders Equity has increased for 16 consecutive quarters, with growth averaging 16.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Liabilities and Shareholders Equity ranged from 3.9% (Q4 2021) to 23.6% (Q2 2024).
- Business Quant data shows FWRG's Liabilities and Shareholders Equity at $1.77 billion (Q1 2026), $1.74 billion (Q4 2025) and $1.72 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | 59.92 Bn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | 28.29 Bn |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 8.86 Bn |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | 8.68 Bn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 25.02 Bn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 12.86 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 25.02 Bn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 10.87 Bn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 3.67 Bn |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 1.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 1.82 Bn |
| Mar 29, 2026 | 1.77 Bn |
| Dec 28, 2025 | 1.74 Bn |
| Sep 28, 2025 | 1.72 Bn |
| Jun 29, 2025 | 1.68 Bn |
| Mar 30, 2025 | 1.54 Bn |
| Dec 29, 2024 | 1.51 Bn |
| Sep 29, 2024 | 1.48 Bn |
| Jun 30, 2024 | 1.44 Bn |
| Mar 31, 2024 | 1.28 Bn |
| Dec 31, 2023 | 1.27 Bn |
| Sep 24, 2023 | 1.21 Bn |
| Jun 25, 2023 | 1.16 Bn |
| Mar 26, 2023 | 1.12 Bn |
| Dec 25, 2022 | 1.10 Bn |
| Sep 25, 2022 | 1.09 Bn |
| Jun 26, 2022 | 1.08 Bn |
| Mar 27, 2022 | 1.05 Bn |
| Dec 26, 2021 | 1.05 Bn |
| Sep 26, 2021 | 1.04 Bn |
API Access
First Watch Restaurant Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();