First Watch Restaurant Group annual capital expenditures (capex)
2019
2020
2021
2022
2023
2024
2025
First Watch Restaurant Group Capital Expenditures (CapEx) Growth & History (FWRG)
First Watch Restaurant Group's capital expenditures (capex) was $156.9M for fiscal 2025.
View full First Watch Restaurant Group company overviewFirst Watch Restaurant Group annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | $156.9M | $29.0M | +22.66% |
| 2024 | 2024-12-29 | $127.9M | $44.6M | +53.51% |
| 2023 | 2023-12-31 | $83.3M | $21.1M | +33.93% |
| 2022 | 2022-12-25 | $62.2M | $26.9M | +76.20% |
| 2021 | 2021-12-26 | $35.3M | $8.6M | +32.01% |
| 2020 | 2020-12-27 | $26.7M | −$32.4M | −54.79% |
| 2019 | 2019-12-29 | $59.2M | — | — |
First Watch Restaurant Group quarterly capital expenditures (capex)
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $40.5M | −$589,000 | −1.43% |
| Q1 2026 | 2026-03-29 | $29.3M | −$7.2M | −19.70% |
| Q4 2025 | 2025-12-28 | $36.8M | −$3.8M | −9.46% |
| Q3 2025 | 2025-09-28 | $42.5M | $13.4M | +46.09% |
| Q2 2025 | 2025-06-29 | $41.1M | $11.5M | +38.75% |
| Q1 2025 | 2025-03-30 | $36.5M | $8.0M | +27.85% |
| Q4 2024 | 2024-12-29 | $40.6M | $10.1M | +33.00% |
| Q3 2024 | 2024-09-29 | $29.1M | $6.0M | +25.90% |
| Q2 2024 | 2024-06-30 | $29.6M | $14.5M | +95.38% |
| Q1 2024 | 2024-03-31 | $28.6M | $14.1M | +96.87% |
| Q4 2023 | 2023-12-31 | $30.6M | $13.3M | +77.32% |
| Q3 2023 | 2023-09-24 | $23.1M | $4.7M | +25.38% |
| Q2 2023 | 2023-06-25 | $15.2M | −$51,000 | −0.34% |
| Q1 2023 | 2023-03-26 | $14.5M | $3.2M | +27.84% |
| Q4 2022 | 2022-12-25 | $17.2M | $9.0M | +109.00% |
| Q3 2022 | 2022-09-25 | $18.4M | $10.5M | +133.15% |
| Q2 2022 | 2022-06-26 | $15.2M | $6.6M | +75.70% |
| Q1 2022 | 2022-03-27 | $11.4M | $848,000 | +8.07% |
| Q4 2021 | 2021-12-26 | $8.2M | — | — |
| Q3 2021 | 2021-09-26 | $7.9M | — | — |
| Q2 2021 | 2021-06-27 | $8.7M | — | — |
| Q1 2021 | 2021-03-28 | $10.5M | — | — |
First Watch Restaurant Group capital expenditures (capex) trends
Over the last five fiscal years, First Watch Restaurant Group's capital expenditures (capex) increased from $26.7M to $156.9M, a change of $130.2M. The latest reported quarter, Q2 2026, shows $40.5M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Watch Restaurant Group source filings ↗