First Watch Restaurant (FWRG) Return on Equity [ROE] (2021 - 2026)
First Watch Restaurant (FWRG) reported Return on Equity [ROE] of 3.07% for Q3 2026, up 2.25 percentage points from 0.82% a year earlier and up 0.25 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 -0.51% in Q4 2021 and a high of 4.54% in Q4 2023.
- Year over year, Return on Equity [ROE] has now increased in each of the last three quarters, with an average year-over-year change of -0.56 percentage points over the last eight quarters.
- 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 Q3 2026 came in at 2.82% (Q2 2026), 2.80% (Q1 2026) and 3.15% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 199.07 Bn | 195.11 Bn | 6.47 Bn | - |
| 2 | Starbucks | 125.34 Bn | 125.35 Bn | - | - |
| 3 | Chipotle Mexican Grill | 45.50 Bn | 42.00 Bn | - | 59.11% |
| 4 | Yum Brands | 42.97 Bn | 38.79 Bn | 1.38 Bn | - |
| 5 | Restaurant Brands International | 27.07 Bn | 24.44 Bn | 1.40 Bn | 36.05% |
| 6 | Darden Restaurants | 25.87 Bn | 24.97 Bn | 1.68 Bn | 55.30% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 36.05% |
| 8 | Yum China Holdings | 16.86 Bn | 11.73 Bn | 652.00 Mn | 17.82% |
| 9 | Texas Roadhouse | 12.35 Bn | 11.68 Bn | 1.02 Bn | 26.86% |
| 10 | First Watch Restaurant | 829.60 Mn | 743.24 Mn | 3.14 Mn | 3.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 3.35% |
| Jun 28, 2026 | 2.96% |
| Mar 29, 2026 | 2.89% |
| Dec 28, 2025 | 3.04% |
| Sep 28, 2025 | 0.71% |
| Jun 29, 2025 | 0.11% |
| Mar 30, 2025 | 1.25% |
| Dec 29, 2024 | 2.89% |
| Sep 29, 2024 | 2.99% |
| Jun 30, 2024 | 4.23% |
| Mar 31, 2024 | 4.14% |
| Dec 31, 2023 | 4.42% |
| Sep 24, 2023 | 4.18% |
| Jun 25, 2023 | 4.46% |
| Mar 26, 2023 | 3.59% |
| Dec 25, 2022 | 2.73% |
| Sep 25, 2022 | 1.94% |
| Jun 26, 2022 | 0.68% |
| Mar 27, 2022 | 0.90% |
| Dec 26, 2021 | -0.51% |
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();