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

First Watch Restaurant's EBITDA Margin history runs 7 years deep, the most recent figure standing at 0.64% for Q1 2026.

• In Q1 2026, EBITDA Margin fell 12.0% year-over-year to 0.64%; the TTM figure through Mar 2026 stood at 1.43% (up 53.0% YoY), while the FY2025 annual figure was 1.54%, down 35.0% from the prior year.
• EBITDA Margin was 0.64% for Q1 2026 at First Watch Restaurant, down from 4.81% in the prior quarter.
• In the past five years, EBITDA Margin ranged from a high of 4.81% in Q4 2025 to a low of 0.64% in Q1 2026.
• Historically, EBITDA Margin has averaged 1.66% across 5 years, with a median of 1.04% in 2024.
• The sharpest annual moves came in 2022 and 2025: EBITDA Margin soared 429 bps in 2022, then plunged 389 bps in 2025.
• A 5-year view of EBITDA Margin shows it stood at 0.26% in 2022, then soared by 281 bps to 0.47% in 2023, then surged by 120 bps to 1.04% in 2024, then soared by 361 bps to 4.81% in 2025, then sank by 113 bps to 0.64% in 2026.
• The last three EBITDA Margin figures came in at 0.64% (Q1 2026), 4.81% (Q4 2025), and 0.97% (Q3 2025), per Business Quant data.