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

First Watch Restaurant's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 1.73% for Q1 2026.

• In Q1 2026, Return on Capital Employed fell 27.0% year-over-year to 1.73%; the TTM figure through Mar 2026 stood at 1.73% (down 27.0% YoY), while the FY2025 annual figure was 1.88%, down 122.0% from the prior year.
• Return on Capital Employed was 1.73% for Q1 2026 at First Watch Restaurant, down from 1.76% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 3.68% in Q4 2023 to a low of 1.28% in Q2 2025.
• Historically, Return on Capital Employed has averaged 2.43% across 5 years, with a median of 2.4% in 2023.
• The sharpest annual moves came in 2023 and 2025: Return on Capital Employed soared 198 bps in 2023, then slumped 222 bps in 2025.
• A 5-year view of Return on Capital Employed shows it stood at 1.7% in 2022, then surged by 117 bps to 3.68% in 2023, then declined by 22 bps to 2.86% in 2024, then tumbled by 38 bps to 1.76% in 2025, then declined 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.