First Watch Restaurant (FWRG) EBIT Margin (2020 - 2026)

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 was 0.3% for Q1 2026 at First Watch Restaurant, down from 2.86% in the prior quarter.
• In the past five years, EBIT Margin ranged from a high of 7.25% in Q1 2023 to a low of 0.3% in Q1 2026.
• Historically, EBIT Margin has averaged 3.1% across 5 years, with a median of 2.8% in 2023.
• The sharpest annual moves came in 2022 and 2023: EBIT Margin slumped 526 bps in 2022, then surged 277 bps in 2023.
• A 5-year view of EBIT Margin shows it stood at 0.8% in 2022, then jumped by 252 bps to 2.8% in 2023, then sank by 48 bps to 1.47% in 2024, then jumped by 95 bps to 2.86% in 2025, then slumped by 89 bps to 0.3% in 2026.
• The last three EBIT Margin figures came in at 0.3% (Q1 2026), 2.86% (Q4 2025), and 3.18% (Q3 2025), per Business Quant data.