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| Date | Value |
|---|---|
| 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 |