Growth Metrics

First Watch Restaurant (FWRG) Return on Capital Employed (2021 - 2026)

First Watch Restaurant has reported Return on Capital Employed over the past 6 years, most recently at 1.73% for Q1 2026.

  • For Q1 2026, Return on Capital Employed fell 27.0% year-over-year to 1.73%; the TTM value through Mar 2026 reached 1.73%, down 27.0%, while the annual FY2025 figure was 1.88%, 122.0% down from the prior year.
  • Return on Capital Employed for Q1 2026 was 1.73% at First Watch Restaurant, down from 1.76% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 3.68% in Q4 2023 and troughed at 1.28% in Q2 2025.
  • A 5-year average of 2.43% and a median of 2.4% in 2023 define the central range for Return on Capital Employed.
  • Biggest five-year swings in Return on Capital Employed: soared 198bps in 2023 and later crashed -222bps in 2025.
  • Year by year, Return on Capital Employed stood at 1.7% in 2022, then skyrocketed by 117bps to 3.68% in 2023, then dropped by -22bps to 2.86% in 2024, then crashed by -38bps to 1.76% in 2025, then dropped by -1bps to 1.73% in 2026.
  • Business Quant data shows Return on Capital Employed for FWRG at 1.73% in Q1 2026, 1.76% in Q4 2025, and 1.47% in Q3 2025.