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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

First Watch Restaurant has reported EBITDA Margin over the past 6 years, most recently at 4.81% for Q4 2025.

  • Quarterly results put EBITDA Margin at 4.81% for Q4 2025, up 376.0% from a year ago — trailing twelve months through Dec 2025 was 1.54% (down 35.0% YoY), and the annual figure for FY2025 was 1.54%, down 35.0%.
  • EBITDA Margin for Q4 2025 was 4.81% at First Watch Restaurant, up from 0.97% in the prior quarter.
  • Over the last five years, EBITDA Margin for FWRG hit a ceiling of 4.81% in Q4 2025 and a floor of 2.86% in Q4 2021.
  • Median EBITDA Margin over the past 5 years was 1.0% (2024), compared with a mean of 1.37%.
  • Biggest five-year swings in EBITDA Margin: soared 1167bps in 2021 and later tumbled -389bps in 2025.
  • First Watch Restaurant's EBITDA Margin stood at 2.86% in 2021, then soared by 91bps to 0.26% in 2022, then skyrocketed by 281bps to 0.47% in 2023, then soared by 120bps to 1.04% in 2024, then skyrocketed by 361bps to 4.81% in 2025.
  • The last three reported values for EBITDA Margin were 4.81% (Q4 2025), 0.97% (Q3 2025), and 0.65% (Q2 2025) per Business Quant data.