First Watch Restaurant (FWRG) EBIT Margin (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly EBIT Margin of 0.3% for Q1 2026, down 9.0% year-over-year from 0.33% in Q1 2025, and down 89.43% quarter-over-quarter from 2.86% in Q4 2025.
First Watch Restaurant (FWRG) EBIT Margin (2020 - 2026) Analysis & Trends
First Watch Restaurant's EBIT Margin history runs 7 years deep, the most recent figure standing at 0.3% for Q1 2026.
- In Q1 2026, EBIT Margin fell 9.0% year-over-year to 0.3%; the TTM figure through Mar 2026 stood at 2.16% (down 47.0% YoY), while the FY2025 annual figure was 2.25%, down 158.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 0.3%, down from 2.86% in the prior quarter.
- The five-year high for EBIT Margin was 7.25% in Q1 2023, with the low at 0.3% in Q1 2026.
- The 5-year median for EBIT Margin is 2.8% (2023), against an average of 3.1%.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin sank 526 bps in 2022, then jumped 277 bps in 2023.
- First Watch Restaurant's EBIT Margin stood at 0.8% in 2022, then soared by 252 bps to 2.8% in 2023, then plunged by 48 bps to 1.47% in 2024, then soared by 95 bps to 2.86% in 2025, then sank by 89 bps to 0.3% in 2026.
- Business Quant data shows FWRG's EBIT Margin at 0.3% in Q1 2026, 2.86% in Q4 2025, and 3.18% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 10.52% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 15.70% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 30.20% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 28.41% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 13.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 28.41% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 11.09% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 8.50% |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 2.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 2.29% |
| Mar 29, 2026 | 0.30% |
| Dec 28, 2025 | 2.86% |
| Sep 28, 2025 | 3.18% |
| Jun 29, 2025 | 2.38% |
| Mar 30, 2025 | 0.39% |
| Dec 29, 2024 | 1.47% |
| Sep 29, 2024 | 2.51% |
| Jun 30, 2024 | 6.36% |
| Mar 31, 2024 | 5.07% |
| Dec 31, 2023 | 2.80% |
| Sep 24, 2023 | 3.53% |
| Jun 25, 2023 | 5.24% |
| Mar 26, 2023 | 7.25% |
| Dec 25, 2022 | 0.80% |
| Sep 25, 2022 | 1.40% |
| Jun 26, 2022 | 2.74% |
| Mar 27, 2022 | 4.48% |
| Dec 26, 2021 | -0.66% |
| Sep 26, 2021 | 4.54% |