First Watch Restaurant (FWRG) Total Non-Current Liabilities (2020 - 2026)
First Watch Restaurant's Total Non-Current Liabilities was $1.18 billion in Q2 2026, up 10.1% from $1.07 billion a year earlier and up 3.4% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Total Non-Current Liabilities (2020 - 2026) Analysis & Trends
At the end of FY2025, Total Non-Current Liabilities at First Watch Restaurant came in at $1.11 billion, up 21.2% from FY2024.
- Total Non-Current Liabilities has now increased for four consecutive years, with a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- In earlier years, Total Non-Current Liabilities was $915.81 million in FY2024 (+30.3%), $702.81 million in FY2023 (+21.6%), $577.93 million in FY2022 (+7.2%) and $539.26 million in FY2021 (-21.1%).
- The Q2 2026 figure marks the highest quarterly Total Non-Current Liabilities in data going back to Q4 2020.
- Compared with a year earlier, Total Non-Current Liabilities has increased for 15 straight quarters, with growth averaging 25.7% over the last eight quarters.
- The best year-over-year quarter for Total Non-Current Liabilities over five years was Q2 2024 (growth of 38.3%); the worst was Q4 2021 (a decline of 21.1%).
- Per Business Quant data, FWRG's Total Non-Current Liabilities in the three quarters before Q2 2026 was $1.14 billion (Q1 2026), $1.11 billion (Q4 2025) and $1.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 174.50 Bn | 169.32 Bn | 6.42 Bn | 60.09 Bn |
| 2 | Starbucks | 113.12 Bn | 100.74 Bn | - | - |
| 3 | Yum Brands | 41.68 Bn | 38.56 Bn | 1.47 Bn | 13.75 Bn |
| 4 | Chipotle Mexican Grill | 37.78 Bn | 33.76 Bn | - | 6.58 Bn |
| 5 | Restaurant Brands International | 26.16 Bn | 21.71 Bn | 1.38 Bn | 18.73 Bn |
| 6 | Darden Restaurants | 24.73 Bn | 23.83 Bn | 1.68 Bn | 9.21 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 18.73 Bn |
| 8 | Yum China Holdings | 15.70 Bn | 9.35 Bn | 537.00 Mn | 4.65 Bn |
| 9 | Texas Roadhouse | 11.11 Bn | 10.45 Bn | - | 1.88 Bn |
| 10 | First Watch Restaurant | 737.26 Mn | 651.25 Mn | - | 1.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 1.18 Bn |
| Mar 29, 2026 | 1.14 Bn |
| Dec 28, 2025 | 1.11 Bn |
| Sep 28, 2025 | 1.11 Bn |
| Jun 29, 2025 | 1.07 Bn |
| Mar 30, 2025 | 943.07 Mn |
| Dec 29, 2024 | 915.31 Mn |
| Sep 29, 2024 | 889.74 Mn |
| Jun 30, 2024 | 847.25 Mn |
| Mar 31, 2024 | 701.47 Mn |
| Dec 31, 2023 | 701.46 Mn |
| Sep 24, 2023 | 645.50 Mn |
| Jun 25, 2023 | 612.24 Mn |
| Mar 26, 2023 | 577.19 Mn |
| Dec 25, 2022 | 577.93 Mn |
| Sep 25, 2022 | 566.47 Mn |
| Jun 26, 2022 | 559.49 Mn |
| Mar 27, 2022 | 534.70 Mn |
| Dec 26, 2021 | 539.26 Mn |
| Sep 26, 2021 | 708.04 Mn |
API Access
First Watch Restaurant Total Non-Current Liabilities 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=total-non-current-liabilities&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-non-current-liabilities", "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=total-non-current-liabilities&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();