First Watch Restaurant Group, Inc. (FWRG) Return on equity 2019–2025
First Watch Restaurant Group, Inc. (FWRG) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
3.1%FY2025 · since FY2019: -13.8% → 3.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 3.1% | -0.1 pp |
| FY2024 | 3.2% | -1.3 pp |
| FY2023 | 4.5% | +3.2 pp |
| FY2022 | 1.3% | +1.7 pp |
| FY2021 | -0.4% | +15.1 pp |
| FY2020 | -15.5% | -1.7 pp |
| FY2019 | -13.8% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice