First Watch Restaurant (FWRG) Return on Equity [ROE] (2021 - 2026)
First Watch Restaurant (FWRG) reported Return on Equity [ROE] of 2.82% for Q2 2026, up 2.14 percentage points from 0.68% a year earlier and up 0.02 percentage points from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Return on Equity [ROE] (2021 - 2026) Analysis & Trends
For FY2025, First Watch Restaurant posted Return on Equity [ROE] of 3.18%, down 0.09 percentage points from FY2024.
- Return on Equity [ROE] has a five-year change of +18.45 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at 3.27% in FY2024 (-1.41 pp), 4.68% in FY2023 (+3.34 pp), 1.34% in FY2022 (+1.85 pp) and -0.51% in FY2021 (+14.76 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of -1.41% in Q3 2021 and a high of 4.54% in Q4 2023.
- Year over year, Return on Equity [ROE] gained in two of the last eight quarters, with an average year-over-year change of -0.90 percentage points.
- The high point for year-over-year Return on Equity [ROE] in five years was Q2 2022 (a gain of 5.82 percentage points); the low point was Q2 2025 (a drop of 3.49 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.80% (Q1 2026), 3.15% (Q4 2025) and 0.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 163.51 Bn | 158.34 Bn | 6.42 Bn | - |
| 2 | Starbucks | 107.11 Bn | 94.75 Bn | - | - |
| 3 | Chipotle Mexican Grill | 40.42 Bn | 36.40 Bn | - | 61.61% |
| 4 | Yum Brands | 37.23 Bn | 34.12 Bn | 1.47 Bn | - |
| 5 | Restaurant Brands International | 24.82 Bn | 21.92 Bn | 1.38 Bn | 31.84% |
| 6 | Darden Restaurants | 22.06 Bn | 21.17 Bn | -113.70 Mn | 55.98% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 31.84% |
| 8 | Yum China Holdings | 14.18 Bn | 8.54 Bn | 537.00 Mn | 17.31% |
| 9 | Texas Roadhouse | 10.25 Bn | 9.62 Bn | - | 27.07% |
| 10 | First Watch Restaurant | 627.62 Mn | 541.61 Mn | - | 2.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 2.82% |
| Mar 29, 2026 | 2.80% |
| Dec 28, 2025 | 3.15% |
| Sep 28, 2025 | 0.82% |
| Jun 29, 2025 | 0.68% |
| Mar 30, 2025 | 1.83% |
| Dec 29, 2024 | 3.20% |
| Sep 29, 2024 | 3.55% |
| Jun 30, 2024 | 4.17% |
| Mar 31, 2024 | 4.09% |
| Dec 31, 2023 | 4.54% |
| Sep 24, 2023 | 4.03% |
| Jun 25, 2023 | 3.12% |
| Mar 26, 2023 | 2.20% |
| Dec 25, 2022 | 1.32% |
| Sep 25, 2022 | 0.53% |
| Jun 26, 2022 | 0.68% |
| Mar 27, 2022 | 0.90% |
| Dec 26, 2021 | -0.51% |
| Sep 26, 2021 | -1.41% |
API Access
First Watch Restaurant Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();