First Watch Restaurant (FWRG) Operating Leases (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly Operating Leases of $763.4 million for Q1 2026, up 31.87% year-over-year from $578.9 million in Q1 2025, and up 3.28% quarter-over-quarter from $739.2 million in Q4 2025.
First Watch Restaurant (FWRG) Operating Leases (2020 - 2026) Analysis & Trends
First Watch Restaurant's Operating Leases history runs 7 years deep, the most recent figure standing at $763.4 million for Q1 2026.
- In Q1 2026, Operating Leases rose 31.87% year-over-year to $763.4 million; the TTM figure through Mar 2026 stood at $763.4 million (up 31.87% YoY), while the FY2025 annual figure was $739.2 million, up 20.38% from the prior year.
- Operating Leases for Q1 2026 stood at $763.4 million, up from $739.2 million in the prior quarter.
- The five-year high for Operating Leases was $763.4 million in Q1 2026, with the low at $366.1 million in Q4 2022.
- The 5-year median for Operating Leases is $485.7 million (2024), against an average of $526.8 million.
- The sharpest annual moves came in 2023 and 2024: Operating Leases grew 8.79% in 2023, then soared 39.15% in 2024.
- First Watch Restaurant's Operating Leases stood at $366.1 million in 2022, then grew by 20.53% to $441.3 million in 2023, then surged by 39.15% to $614.0 million in 2024, then increased by 20.38% to $739.2 million in 2025, then advanced by 3.28% to $763.4 million in 2026.
- Business Quant data shows FWRG's Operating Leases at $763.4 million in Q1 2026, $739.2 million in Q4 2025, and $731.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 795.41 Mn |
| Mar 29, 2026 | 763.41 Mn |
| Dec 28, 2025 | 739.19 Mn |
| Sep 28, 2025 | 731.16 Mn |
| Jun 29, 2025 | 629.35 Mn |
| Mar 30, 2025 | 578.90 Mn |
| Dec 29, 2024 | 614.05 Mn |
| Sep 29, 2024 | 582.24 Mn |
| Jun 30, 2024 | 550.80 Mn |
| Mar 31, 2024 | 485.70 Mn |
| Dec 31, 2023 | 441.29 Mn |
| Sep 24, 2023 | 463.35 Mn |
| Jun 25, 2023 | 427.60 Mn |
| Mar 26, 2023 | 411.20 Mn |
| Dec 25, 2022 | 366.11 Mn |
| Sep 25, 2022 | 400.74 Mn |
| Jun 26, 2022 | 393.05 Mn |
| Mar 27, 2022 | 377.98 Mn |
| Dec 26, 2021 | 330.50 Mn |
| Sep 26, 2021 | 362.15 Mn |