First Watch Restaurant (FWRG) Market Capitalization (2021 - 2026)
First Watch Restaurant (FWRG) recorded Market Capitalization of $786.22 million in Q2 2026, down 20.0% from $983.1 million a year earlier but up 23.7% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Market Capitalization (2021 - 2026) Analysis & Trends
For FY2025, First Watch Restaurant reported Market Capitalization of $972.61 million, down 14.3% from FY2024.
- Annual Market Capitalization has a four-year compound annual growth rate of 6.0% (FY2021 to FY2025).
- Across earlier years, Market Capitalization came in at $1.14 billion in FY2024 (-5.7%), $1.2 billion in FY2023 (+43.1%), $841.39 million in FY2022 (+9.3%) and $769.98 million in FY2021.
- Quarterly Market Capitalization has ranged from $635.36 million in Q1 2026 to $1.49 billion in Q1 2024 over the past five years.
- On a year-over-year basis, Market Capitalization has declined for three consecutive quarters, with an average decline of 15.6% over the last eight quarters.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 63.3% in Q1 2024, against a decline of 38.2% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $635.36 million (Q1 2026), $972.61 million (Q4 2025) and $976.51 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 786.22 Mn |
| Mar 29, 2026 | 635.36 Mn |
| Dec 28, 2025 | 972.61 Mn |
| Sep 28, 2025 | 976.51 Mn |
| Jun 29, 2025 | 983.10 Mn |
| Mar 30, 2025 | 1.03 Bn |
| Dec 29, 2024 | 1.14 Bn |
| Sep 29, 2024 | 953.09 Mn |
| Jun 30, 2024 | 1.06 Bn |
| Mar 31, 2024 | 1.49 Bn |
| Dec 31, 2023 | 1.20 Bn |
| Sep 24, 2023 | 1.07 Bn |
| Jun 25, 2023 | 957.37 Mn |
| Mar 26, 2023 | 910.02 Mn |
| Dec 25, 2022 | 841.39 Mn |
| Sep 25, 2022 | 857.78 Mn |
| Jun 26, 2022 | 856.60 Mn |
| Mar 27, 2022 | 742.83 Mn |
| Dec 26, 2021 | 769.98 Mn |
API Access
First Watch Restaurant Market Capitalization 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=market-capitalization&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();