Growth Metrics

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

Historic EBITDA Margin for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to 0.97%.

  • First Watch Restaurant's EBITDA Margin rose 11900.0% to 0.97% in Q3 2025 from the same period last year, while for Sep 2025 it was 0.54%, marking a year-over-year decrease of 35800.0%. This contributed to the annual value of 1.89% for FY2024, which is 8900.0% down from last year.
  • According to the latest figures from Q3 2025, First Watch Restaurant's EBITDA Margin is 0.97%, which was up 11900.0% from 0.65% recorded in Q2 2025.
  • First Watch Restaurant's 5-year EBITDA Margin high stood at 10.1% for Q4 2023, and its period low was 2.86% during Q4 2021.
  • Moreover, its 5-year median value for EBITDA Margin was 1.47% (2022), whereas its average is 1.9%.
  • As far as peak fluctuations go, First Watch Restaurant's EBITDA Margin surged by 116700bps in 2021, and later plummeted by -90600bps in 2024.
  • Quarter analysis of 5 years shows First Watch Restaurant's EBITDA Margin stood at 2.86% in 2021, then skyrocketed by 230bps to 3.72% in 2022, then soared by 172bps to 10.1% in 2023, then crashed by -90bps to 1.04% in 2024, then dropped by -7bps to 0.97% in 2025.
  • Its EBITDA Margin was 0.97% in Q3 2025, compared to 0.65% in Q2 2025 and 0.53% in Q1 2025.