First Watch Restaurant (FWRG) Return on Capital Employed (2021 - 2026)
First Watch Restaurant (FWRG) posted quarterly Return on Capital Employed of 1.73% for Q1 2026, down 27.0% year-over-year from 2.37% in Q1 2025, and down 1.48% quarter-over-quarter from 1.76% in Q4 2025.
First Watch Restaurant (FWRG) Return on Capital Employed (2021 - 2026) Analysis & Trends
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 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.
- The 5-year median for Return on Capital Employed is 2.4% (2023), against an average of 2.43%.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed surged 198 bps in 2023, then sank 222 bps in 2025.
- First Watch Restaurant's Return on Capital Employed stood at 1.7% in 2022, then jumped by 117 bps to 3.68% in 2023, then dropped by 22 bps to 2.86% in 2024, then slumped by 38 bps to 1.76% in 2025, then dropped by 1 bps to 1.73% in 2026.
- Business Quant data shows FWRG's Return on Capital Employed at 1.73% in Q1 2026, 1.76% in Q4 2025, and 1.47% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 22.88% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 15.26% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 24.21% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 65.06% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 11.51% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 16.04% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 11.51% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 16.42% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 17.04% |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 1.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 1.74% |
| Mar 29, 2026 | 1.73% |
| Dec 28, 2025 | 1.76% |
| Sep 28, 2025 | 1.47% |
| Jun 29, 2025 | 1.28% |
| Mar 30, 2025 | 2.00% |
| Dec 29, 2024 | 2.86% |
| Sep 29, 2024 | 3.16% |
| Jun 30, 2024 | 3.50% |
| Mar 31, 2024 | 3.28% |
| Dec 31, 2023 | 3.68% |
| Sep 24, 2023 | 3.34% |
| Jun 25, 2023 | 2.99% |
| Mar 26, 2023 | 2.40% |
| Dec 25, 2022 | 1.70% |
| Sep 25, 2022 | 1.45% |
| Jun 26, 2022 | 1.94% |
| Mar 27, 2022 | 2.71% |
| Dec 26, 2021 | 2.35% |