First Watch Restaurant Group annual return on equity
2020
2021
2022
2023
2024
2025
First Watch Restaurant Group Return on Equity (ROE) Growth & History (FWRG)
First Watch Restaurant Group's return on equity was 3.18% for fiscal 2025.
View full First Watch Restaurant Group company overviewFirst Watch Restaurant Group annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-28 | 3.18% | −0.09 pp |
| 2024 | 2024-12-29 | 3.27% | −1.41 pp |
| 2023 | 2023-12-31 | 4.68% | +3.34 pp |
| 2022 | 2022-12-25 | 1.34% | +1.85 pp |
| 2021 | 2021-12-26 | −0.51% | +14.76 pp |
| 2020 | 2020-12-27 | −15.27% | — |
First Watch Restaurant Group quarterly return on equity
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 | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | 0.37% | +0.02 pp |
| Q1 2026 | 2026-03-29 | −0.43% | −0.29 pp |
| Q4 2025 | 2025-12-28 | 2.46% | +2.34 pp |
| Q3 2025 | 2025-09-28 | 0.49% | +0.14 pp |
| Q2 2025 | 2025-06-29 | 0.35% | −1.18 pp |
| Q1 2025 | 2025-03-30 | −0.14% | −1.41 pp |
| Q4 2024 | 2024-12-29 | 0.12% | −4.42 pp |
| Q3 2024 | 2024-09-29 | 0.36% | −0.62 pp |
| Q2 2024 | 2024-06-30 | 1.53% | +0.06 pp |
| Q1 2024 | 2024-03-31 | 1.27% | −0.50 pp |
| Q4 2023 | 2023-12-31 | 4.54% | +3.22 pp |
| Q3 2023 | 2023-09-24 | 0.98% | +0.97 pp |
| Q2 2023 | 2023-06-25 | 1.47% | +0.95 pp |
| Q1 2023 | 2023-03-26 | 1.77% | +0.86 pp |
| Q4 2022 | 2022-12-25 | 1.32% | +2.45 pp |
| Q3 2022 | 2022-09-25 | 0.01% | −0.23 pp |
| Q2 2022 | 2022-06-26 | 0.53% | — |
| Q1 2022 | 2022-03-27 | 0.91% | — |
| Q4 2021 | 2021-12-26 | −1.12% | — |
| Q3 2021 | 2021-09-26 | 0.24% | — |
First Watch Restaurant Group return on equity trends
Over the last five fiscal years, First Watch Restaurant Group's return on equity increased from −15.27% to 3.18%, a change of +18.45 percentage points. The latest reported quarter, Q2 2026, shows 0.37%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Watch Restaurant Group source filings ↗