Growth Metrics

First Watch Restaurant (FWRG) EBIT Margin (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of EBIT Margin data on record, last reported at 2.86% in Q4 2025.

  • For Q4 2025, EBIT Margin rose 139.0% year-over-year to 2.86%; the TTM value through Dec 2025 reached 2.25%, down 158.0%, while the annual FY2025 figure was 2.25%, 158.0% down from the prior year.
  • EBIT Margin reached 2.86% in Q4 2025 per FWRG's latest filing, down from 3.18% in the prior quarter.
  • Across five years, EBIT Margin topped out at 8.0% in Q2 2021 and bottomed at 0.66% in Q4 2021.
  • Average EBIT Margin over 5 years is 3.37%, with a median of 2.94% recorded in 2021.
  • Peak YoY movement for EBIT Margin: soared 1314bps in 2021, then crashed -526bps in 2022.
  • A 5-year view of EBIT Margin shows it stood at 0.66% in 2021, then soared by 221bps to 0.8% in 2022, then skyrocketed by 252bps to 2.8% in 2023, then crashed by -48bps to 1.47% in 2024, then skyrocketed by 95bps to 2.86% in 2025.
  • Per Business Quant database, its latest 3 readings for EBIT Margin were 2.86% in Q4 2025, 3.18% in Q3 2025, and 2.38% in Q2 2025.