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

First Watch Restaurant has reported Return on Capital Employed for 6 years, with the latest figure at 1.73% in Q1 2026.

• For the quarter ending Q1 2026, Return on Capital Employed fell 27.0% year-over-year to 1.73%; the trailing twelve-month figure through Mar 2026 stood at 1.73% (down 27.0% YoY), and the FY2025 full-year result was 1.88%, down 122.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 1.73%, down from 1.76% in the prior quarter.
• The five-year high for Return on Capital Employed was 3.68% in Q4 2023, with the low at 1.28% in Q2 2025.
• Average Return on Capital Employed over 5 years is 2.43%, with a median of 2.4% recorded in 2023.
• Year-over-year, Return on Capital Employed surged 198 bps in 2023 and slumped 222 bps in 2025.
• Tracing FWRG's Return on Capital Employed over 5 years: stood at 1.7% in 2022, then soared by 117 bps to 3.68% in 2023, then fell by 22 bps to 2.86% in 2024, then slumped by 38 bps to 1.76% in 2025, then fell by 1 bps to 1.73% in 2026.
• The last three Return on Capital Employed figures came in at 1.73% (Q1 2026), 1.76% (Q4 2025), and 1.47% (Q3 2025), per Business Quant data.

Peer Comparison