First Watch Restaurant (FWRG) Non-Current Debt (2020 - 2026)
First Watch Restaurant (FWRG) posted Non-Current Debt of $277.69 million for Q2 2026, up 11.1% from $250.01 million a year earlier and up 3.3% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Non-Current Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, First Watch Restaurant's Non-Current Debt came in at $269.07 million, up 42.3% from FY2024.
- Annual Non-Current Debt has increased for three consecutive years, though with a five-year compound annual growth rate of -1.2% (FY2020 to FY2025).
- In prior years, First Watch Restaurant's Non-Current Debt was $189.04 million in FY2024 (+57.8%), $119.77 million in FY2023 (+26.5%), $94.67 million in FY2022 (-5.1%) and $99.75 million in FY2021 (-65.2%).
- The Q2 2026 figure stands as the highest quarterly Non-Current Debt since Q3 2021.
- On a year-over-year basis, Non-Current Debt has increased in each of the last 11 quarters, with growth averaging 47.3% over the last eight quarters.
- The strongest year-over-year quarter for Non-Current Debt in the past five years was Q3 2024, with growth of 108.5%; the weakest was Q3 2022, with a decline of 66.7%.
- According to Business Quant data, Non-Current Debt for the three prior quarters was $268.74 million (Q1 2026), $269.07 million (Q4 2025) and $250.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 39.86 Bn |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | 11.78 Bn |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | - |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 9.46 Bn |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 13.21 Bn |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | - |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 13.21 Bn |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | - |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | 50.00 Mn |
| 10 | First Watch Restaurant | 640.58 Mn | 554.57 Mn | - | 277.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 277.69 Mn |
| Mar 29, 2026 | 268.74 Mn |
| Dec 28, 2025 | 269.07 Mn |
| Sep 28, 2025 | 250.99 Mn |
| Jun 29, 2025 | 250.01 Mn |
| Mar 30, 2025 | 191.52 Mn |
| Dec 29, 2024 | 189.04 Mn |
| Sep 29, 2024 | 189.65 Mn |
| Jun 30, 2024 | 192.07 Mn |
| Mar 31, 2024 | 122.71 Mn |
| Dec 31, 2023 | 119.77 Mn |
| Sep 24, 2023 | 90.95 Mn |
| Jun 25, 2023 | 92.17 Mn |
| Mar 26, 2023 | 93.41 Mn |
| Dec 25, 2022 | 94.67 Mn |
| Sep 25, 2022 | 95.91 Mn |
| Jun 26, 2022 | 97.18 Mn |
| Mar 27, 2022 | 98.45 Mn |
| Dec 26, 2021 | 99.75 Mn |
| Sep 26, 2021 | 287.66 Mn |
API Access
First Watch Restaurant Non-Current Debt 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=non-current-debt&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();