First Watch Restaurant (FWRG) Share-based Compensation (2020 - 2026)
First Watch Restaurant (FWRG) recorded Share-based Compensation of $3.64 million in Q3 2026, up 26.5% from $2.88 million a year earlier but down 1.6% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Share-based Compensation (2020 - 2026) Analysis & Trends
On a TTM basis, First Watch Restaurant's Share-based Compensation came in at $13.52 million as of Sep 27, 2026, up 34.5% year-over-year; for FY2025, it was $10.76 million, up 26.2% from FY2024.
- Annual Share-based Compensation has a five-year compound annual growth rate of 70.4% (FY2020 to FY2025).
- Across earlier years, Share-based Compensation came in at $8.53 million in FY2024 (+12.1%), $7.6 million in FY2023 (-26.7%), $10.37 million in FY2022 (+20.7%) and $8.6 million in FY2021.
- Quarterly Share-based Compensation has ranged from $1.5 million in Q1 2023 to $7.85 million in Q4 2021 over the past five years.
- On a year-over-year basis, Share-based Compensation has increased for seven consecutive quarters, with growth averaging 26.2% over the last eight quarters.
- Peak year-over-year performance for Share-based Compensation in the last five years was growth of 532.3% in Q3 2022, against a decline of 67.5% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.7 million (Q2 2026), $3.35 million (Q1 2026) and $2.83 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.08 Bn | 192.90 Bn | 6.42 Bn | 39.00 Mn |
| 2 | Starbucks | 123.34 Bn | 110.96 Bn | - | 71.10 Mn |
| 3 | Chipotle Mexican Grill | 45.28 Bn | 41.78 Bn | - | 31.85 Mn |
| 4 | Yum Brands | 43.42 Bn | 40.31 Bn | 1.47 Bn | 11.00 Mn |
| 5 | Restaurant Brands International | 26.75 Bn | 22.54 Bn | 1.40 Bn | 34.00 Mn |
| 6 | Darden Restaurants | 25.71 Bn | 24.80 Bn | 1.68 Bn | 26.60 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 34.00 Mn |
| 8 | Yum China Holdings | 17.17 Bn | 10.82 Bn | 537.00 Mn | 13.00 Mn |
| 9 | Texas Roadhouse | 12.34 Bn | 11.68 Bn | - | 13.45 Mn |
| 10 | First Watch Restaurant | 835.07 Mn | 748.71 Mn | - | 3.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 3.64 Mn |
| Jun 28, 2026 | 3.70 Mn |
| Mar 29, 2026 | 3.35 Mn |
| Dec 28, 2025 | 2.83 Mn |
| Sep 28, 2025 | 2.88 Mn |
| Jun 29, 2025 | 2.79 Mn |
| Mar 30, 2025 | 2.26 Mn |
| Dec 29, 2024 | 2.13 Mn |
| Sep 29, 2024 | 2.08 Mn |
| Jun 30, 2024 | 2.45 Mn |
| Mar 31, 2024 | 1.87 Mn |
| Dec 31, 2023 | 2.22 Mn |
| Sep 24, 2023 | 1.76 Mn |
| Jun 25, 2023 | 2.13 Mn |
| Mar 26, 2023 | 1.50 Mn |
| Dec 25, 2022 | 2.55 Mn |
| Sep 25, 2022 | 2.72 Mn |
| Jun 26, 2022 | 2.81 Mn |
| Mar 27, 2022 | 2.29 Mn |
| Dec 26, 2021 | 7.85 Mn |
API Access
First Watch Restaurant Share-based Compensation 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=share-based-compensation&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();