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 0.3% for Q1 2026.

• On a quarterly basis, EBITDA Margin fell 9.0% year-over-year to 0.3% in Q1 2026; TTM through Mar 2026 was 2.16%, a 47.0% decrease from a year earlier, with the FY2025 full-year figure at 2.25%, down 158.0% from the prior year.
• EBITDA Margin fell to 0.3% in Q1 2026 per FWRG's latest filing, from 2.86% in the prior quarter.
• Across five years, EBITDA Margin topped out at 7.25% in Q1 2023 and bottomed at 0.3% in Q1 2026.
• The 5-year median for EBITDA Margin is 2.8% (2023), against an average of 3.1%.
• Across the five-year window, EBITDA Margin slumped 526 bps in 2022 and jumped 277 bps in 2023, its largest moves.
• Year by year, EBITDA Margin stood at 0.8% in 2022, then jumped by 252 bps to 2.8% in 2023, then tumbled by 48 bps to 1.47% in 2024, then jumped by 95 bps to 2.86% in 2025, then plunged by 89 bps to 0.3% in 2026.
• Per Business Quant, the three latest FWRG EBITDA Margin figures stand at 0.3% (Q1 2026), 2.86% (Q4 2025), and 3.18% (Q3 2025).