Company / Working Capital
First Watch Restaurant Group, Inc. Working Capital History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$118.4M
FY2025
5-year range
-$118.4M / -$28.8M
FY2021-FY2025
Trend
-43.4%
vs FY2024
Sector context
#174 of 214
Consumer Discretionary
What the data says
First Watch Restaurant Group, Inc.'s working capital of -$118M is lower than 81% of companies in the Consumer Discretionary sector (FY2025). Working Capital has declined for 5 consecutive years, from -$27M in FY2020 to -$118M in FY2025.
Based on SEC 10-K filings.
-$118M in FY2025.
Declined from -$44M to -$118M over the past 2 years.
Consumer Discretionary sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 19% in Consumer DiscretionaryTop 81% of 214This company -$118.4M Sector average $841.8M
▼
-114.1% below sector average
Key checks
Key Insights
- First Watch Restaurant Group, Inc.'s working capital has declined for 5 consecutive years.
- In FY2025, working capital decreased 43.4% year-over-year.
- Ranks #174 out of 214 companies in the Consumer Discretionary sector.
- Peak working capital was recorded in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.92 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$118.4M | -43.4% |
| FY2024 | -$82.6M | -88.2% |
| FY2023 | -$43.9M | -34.2% |
| FY2022 | -$32.7M | -13.4% |
| FY2021 | -$28.8M | -4.8% |
| FY2020 | -$27.5M | - |
| FY2019 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026