First Watch Restaurant (FWRG) Times Interest Earned (2020 - 2026)

First Watch Restaurant (FWRG) recorded quarterly Times Interest Earned of $0.21 in Q1 2026, down 88.9% quarter-over-quarter from $1.88 in Q4 2025, and down 37.37% on a YoY basis from $0.33 in Q1 2025.

First Watch Restaurant (FWRG) Times Interest Earned (2020 - 2026) Analysis & Trends

First Watch Restaurant's Times Interest Earned history runs 7 years deep, the most recent figure standing at $0.21 for Q1 2026.

  • In Q1 2026, Times Interest Earned fell 37.37% year-over-year to $0.21; the TTM figure through Mar 2026 stood at $1.51 (down 27.18% YoY), while the FY2025 annual figure was $1.65, down 46.48% from the prior year.
  • Times Interest Earned was $0.21 for Q1 2026 at First Watch Restaurant, down from $1.88 in the prior quarter.
  • In the past five years, Times Interest Earned ranged from a high of $8.04 in Q1 2023 to a low of $0.21 in Q1 2026.
  • Historically, Times Interest Earned has averaged $3.23 across 5 years, with a median of $2.2 in 2025.
  • The sharpest annual moves came in 2022 and 2025: Times Interest Earned jumped 1167.1% in 2022, then tumbled 92.94% in 2025.
  • A 5-year view of Times Interest Earned shows it stood at $0.85 in 2022, then soared by 254.71% to $3.02 in 2023, then tumbled by 60.26% to $1.2 in 2024, then jumped by 57.09% to $1.88 in 2025, then tumbled by 88.9% to $0.21 in 2026.
  • The last three Times Interest Earned figures came in at $0.21 (Q1 2026), $1.88 (Q4 2025), and $2.2 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 6.04
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn -
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn -
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn -
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn -
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn -
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn -
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 4.98
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn -
10 First Watch Restaurant 722.06 Mn 698.50 Mn 256.65 Mn 0.21

Historic Data

Download Data
DateValue
Mar 29, 2026 0.21
Dec 28, 2025 1.88
Sep 28, 2025 2.20
Jun 29, 2025 1.83
Mar 30, 2025 0.33
Dec 29, 2024 1.20
Sep 29, 2024 1.83
Jun 30, 2024 4.86
Mar 31, 2024 4.73
Dec 31, 2023 3.02
Sep 24, 2023 4.19
Jun 25, 2023 5.57
Mar 26, 2023 8.04
Dec 25, 2022 0.85
Sep 25, 2022 1.92
Jun 26, 2022 4.49
Mar 27, 2022 7.71
Dec 26, 2021 -0.74
Sep 26, 2021 1.18
Jun 27, 2021 1.96