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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)

First Watch Restaurant has reported Return on Invested Capital over the past 5 years, most recently at 0.05% for Q4 2025.

  • Quarterly results put Return on Invested Capital at 0.05% for Q4 2025, up 2.0% from a year ago — trailing twelve months through Dec 2025 was 0.05% (up 2.0% YoY), and the annual figure for FY2025 was 0.05%, up 2.0%.
  • Return on Invested Capital for Q4 2025 was 0.05% at First Watch Restaurant, up from 0.02% in the prior quarter.
  • Over the last five years, Return on Invested Capital for FWRG hit a ceiling of 0.05% in Q4 2025 and a floor of 0.21% in Q4 2021.
  • Median Return on Invested Capital over the past 5 years was 0.02% (2023), compared with a mean of 0.01%.
  • Peak annual rise in Return on Invested Capital hit 22bps in 2022, while the deepest fall reached -2bps in 2022.
  • First Watch Restaurant's Return on Invested Capital stood at 0.21% in 2021, then soared by 107bps to 0.01% in 2022, then surged by 190bps to 0.04% in 2023, then decreased by -23bps to 0.03% in 2024, then surged by 49bps to 0.05% in 2025.
  • The last three reported values for Return on Invested Capital were 0.05% (Q4 2025), 0.02% (Q3 2025), and 0.01% (Q2 2025) per Business Quant data.