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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Watch Restaurant (FWRG) Return on Invested Capital (2021 - 2025)

Historic Return on Invested Capital for First Watch Restaurant (FWRG) over the last 5 years, with Q3 2025 value amounting to 0.02%.

  • First Watch Restaurant's Return on Invested Capital fell 200.0% to 0.02% in Q3 2025 from the same period last year, while for Sep 2025 it was 0.02%, marking a year-over-year decrease of 200.0%. This contributed to the annual value of 0.04% for FY2024, which is 100.0% down from last year.
  • First Watch Restaurant's Return on Invested Capital amounted to 0.02% in Q3 2025, which was down 200.0% from 0.01% recorded in Q2 2025.
  • First Watch Restaurant's 5-year Return on Invested Capital high stood at 0.04% for Q4 2023, and its period low was 0.21% during Q4 2021.
  • Over the past 5 years, First Watch Restaurant's median Return on Invested Capital value was 0.02% (recorded in 2025), while the average stood at 0.01%.
  • Per our database at Business Quant, First Watch Restaurant's Return on Invested Capital soared by 2200bps in 2022 and then tumbled by -200bps in 2025.
  • First Watch Restaurant's Return on Invested Capital (Quarter) stood at 0.21% in 2021, then surged by 108bps to 0.02% in 2022, then soared by 167bps to 0.04% in 2023, then decreased by -23bps to 0.03% in 2024, then tumbled by -54bps to 0.02% in 2025.
  • Its Return on Invested Capital was 0.02% in Q3 2025, compared to 0.01% in Q2 2025 and 0.02% in Q1 2025.