First Watch Restaurant Group Inc Tangible Net Worth Ratio
First Watch Restaurant Group Inc tangible net worth ratio. First Watch Restaurant Group Inc (FWRG) has a Tangible Net Worth Ratio of 73.1% as of June 2026. This metric is calculated by deducting intangible assets ($170.77 Million) from net assets ($634.17 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore how fast is First Watch Restaurant Group Inc growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of First Watch Restaurant Group Inc (2018–2025)
Tangible net worth ratio of First Watch Restaurant Group Inc from 2018 to 2025. This chart shows how First Watch Restaurant Group Inc's Tangible Net Worth Ratio has changed across 8 annual periods from 2018 to 2025. As of June 2026, the ratio stands at 73.1%, reflecting net assets of $634.17 Million with intangible assets of $170.77 Million USD. Check how strategically is First Watch Restaurant Group Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
First Watch Restaurant Group Inc Tangible Net Worth Ratio by Year (2018–2025)
First Watch Restaurant Group Inc tangible net worth ratio by year from 2018 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for First Watch Restaurant Group Inc from 2018 to 2025, covering 8 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see First Watch Restaurant Group Inc stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 72.1% | $626.28 Million | $174.91 Million | $1.74 Billion | ▲ +0.2 pp |
| 2024 | 71.9% | $595.39 Million | $167.60 Million | $1.51 Billion | ▼ -1.2 pp |
| 2023 | 73.1% | $561.28 Million | $151.19 Million | $1.27 Billion | ▲ +0.4 pp |
| 2022 | 72.6% | $523.13 Million | $143.15 Million | $1.10 Billion | ▲ +1.0 pp |
| 2021 | 71.7% | $504.43 Million | $143.00 Million | $1.05 Billion | ▲ +16.4 pp |
| 2020 | 55.2% | $320.87 Million | $143.66 Million | $1.01 Billion | ▼ -0.9 pp |
| 2019 | 56.2% | $329.80 Million | $144.56 Million | $982.08 Million | ▲ +3.7 pp |
| 2018 | 52.4% | $374.67 Million | $178.25 Million | $664.51 Million | — |