First Watch Restaurant (FWRG) Non-Current Deferred Tax Liability (2020 - 2026)
First Watch Restaurant's Non-Current Deferred Tax Liability was $21.26 million in Q2 2026, down 32.5% from $31.5 million a year earlier but up 2.3% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Non-Current Deferred Tax Liability (2020 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Deferred Tax Liability at First Watch Restaurant came in at $21.97 million, down 31.8% from FY2024.
- Non-Current Deferred Tax Liability shows a five-year compound annual growth rate of 16.3% (FY2020 to FY2025).
- In earlier years, Non-Current Deferred Tax Liability was $32.22 million in FY2024 (+27.2%), $25.33 million in FY2023 (+47.6%), $17.17 million in FY2022 (+37.4%) and $12.49 million in FY2021 (+21.1%).
- Quarterly Non-Current Deferred Tax Liability has moved between $12.49 million (Q4 2021) and $33.79 million (Q3 2025) over five years.
- Compared with a year earlier, Non-Current Deferred Tax Liability has declined for three straight quarters, with an average decline of 2.8% over the last eight quarters.
- The best year-over-year quarter for Non-Current Deferred Tax Liability over five years was Q4 2023 (growth of 47.6%); the worst was Q1 2026 (a decline of 32.5%).
- Per Business Quant data, FWRG's Non-Current Deferred Tax Liability in the three quarters before Q2 2026 was $20.78 million (Q1 2026), $21.97 million (Q4 2025) and $33.79 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 | 21.26 Mn |
| Mar 29, 2026 | 20.78 Mn |
| Dec 28, 2025 | 21.97 Mn |
| Sep 28, 2025 | 33.79 Mn |
| Jun 29, 2025 | 31.50 Mn |
| Mar 30, 2025 | 30.80 Mn |
| Dec 29, 2024 | 32.22 Mn |
| Sep 29, 2024 | 32.22 Mn |
| Jun 30, 2024 | 32.22 Mn |
| Mar 31, 2024 | 27.90 Mn |
| Dec 31, 2023 | 25.33 Mn |
| Sep 24, 2023 | 24.00 Mn |
| Jun 25, 2023 | 23.04 Mn |
| Mar 26, 2023 | 21.40 Mn |
| Dec 25, 2022 | 17.17 Mn |
| Sep 25, 2022 | 16.84 Mn |
| Jun 26, 2022 | 15.66 Mn |
| Mar 27, 2022 | 14.54 Mn |
| Dec 26, 2021 | 12.49 Mn |
| Sep 26, 2021 | 12.84 Mn |
API Access
First Watch Restaurant Non-Current Deferred Tax Liability 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-deferred-tax-liability&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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-deferred-tax-liability&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();