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First Watch revenue
First Watch's revenue is $1.0 billion.
What is First Watch's revenue?
- First Watch's revenue growth from 2020 to 2024 is 196.71%.
- First Watch has 10,000 employees, and the revenue per employee ratio is $101,591.
- First Watch's peak quarterly revenue was $263.3M in 2024(q4).
- First Watch peak revenue was $1.0B in 2024.
- First Watch annual revenue for 2023 was 891.6M, 22.1% growth from 2022.
- First Watch annual revenue for 2024 was 1.0B, 13.95% growth from 2023.
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First Watch historical revenue
First Watch's peak revenue was $1.0B in 2024. The peak quarterly revenue was $263.3M in 2024(q4).
First Watch's revenue increased from $342.4m in 2020 to $1.0B currently. That's a 196.71% change in annual revenue.
First Watch annual revenue
First Watch annual revenue over time
| Fiscal year / year | First Watch revenue |
|---|---|
| 2020 | $342.4M |
| 2021 | $601.2M |
| 2022 | $730.2M |
| 2023 | $891.6M |
| 2024 | $1.0B |
How accurately did First Watch's revenue projections match actual performance?
First Watch annual growth
First Watch saw the greatest revenue growth in 2021, when revenue increased by 75.59%.
First Watch had the lowest revenue growth in 2022, when revenue changed by 21.45%.
First Watch annual growth rate over time
| Year | First Watch growth |
|---|---|
| 2021 | 76%↑ |
| 2022 | 21%↑ |
| 2023 | 22%↑ |
| 2024 | 14%↑ |
First Watch quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
First Watch quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | - | - | $157.4M | $162.6M |
| 2022 | $173.1M | $184.5M | $186.9M | $185.7M |
| 2023 | $211.4M | $216.3M | $219.2M | $244.6M |
| 2024 | $242.4M | $258.6M | $251.6M | $263.3M |
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Is First Watch transparent about its revenue structure?
First Watch financial information
| CEO | Christopher Tomasso |
| Industry | Consumer Services |
| Company Type | Public |
| Employees Number | 10,000 |
| Date Founded | 1983 |
| Headquarters | Bradenton, Florida |
| Number of Locations | 1 |
| Revenue | $1.0B |
| Net Income | $6,907,000 |
| Gross Proft | $457.8M (2024) |
| EBITDA | $98.4M (2024) |
| Tax Rate | 0.3% |
| Total Assets | $1,104,446,000 |
| Ticker | FWRG |
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First Watch competitors
First Watch's top competitor, Texas Roadhouse, earned an annual revenue of $5.4B.
First Watch's smallest competitor is Fudpuckers with revenue of $1.6M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Texas Roadhouse | $31,839 | $5.4B | 64,900 | 3,664 |
| Shoney's | $27,729 | $760,000 | 2,500 | 3 |
| TGI Fridays | $27,440 | $630,000 | 5,000 | - |
| Hooters | $26,406 | $1.2B | 25,000 | 390 |
| Max & Erma's | $33,156 | $130.0M | 1,715 | - |
| The Melting Pot | $29,479 | $180.0M | 3,000 | 122 |
| Dunkin Brands | $47,084 | $1.4B | 270,000 | 7,362 |
| The Sagamore Resort | $31,613 | $1.6M | 500 | 11 |
| Legal Sea Foods | $35,979 | $300.0M | 4,000 | 68 |
| North Italia | $33,802 | $8.8M | 750 | 469 |
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Zippia gives an in-depth look into the details of First Watch, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Watch. The employee data is based on information from people who have self-reported their past or current employments at First Watch. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Watch. The data presented on this page does not represent the view of First Watch and its employees or that of Zippia.
First Watch may also be known as or be related to First Watch and First Watch Restaurants Inc.