Growth Metrics

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

First Watch Restaurant (FWRG) has 5 years of Return on Invested Capital data on record, last reported at 0.02% in Q3 2025.

  • For Q3 2025, Return on Invested Capital fell 2.0% year-over-year to 0.02%; the TTM value through Sep 2025 reached 0.02%, down 2.0%, while the annual FY2025 figure was 0.11%, 8.0% up from the prior year.
  • Return on Invested Capital reached 0.02% in Q3 2025 per FWRG's latest filing, up from 0.02% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.13% in Q3 2021 and bottomed at 0.27% in Q4 2021.
  • Average Return on Invested Capital over 5 years is 0.02%, with a median of 0.02% recorded in 2023.
  • The widest YoY moves for Return on Invested Capital: up 29bps in 2022, down -12bps in 2022.
  • A 5-year view of Return on Invested Capital shows it stood at 0.27% in 2021, then soared by 106bps to 0.02% in 2022, then surged by 188bps to 0.05% in 2023, then decreased by -29bps to 0.03% in 2024, then plummeted by -46bps to 0.02% in 2025.
  • Per Business Quant database, its latest 3 readings for Return on Invested Capital were 0.02% in Q3 2025, 0.02% in Q2 2025, and 0.02% in Q1 2025.