Growth Metrics

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

First Watch Restaurant has reported EBITDA Margin over the past 7 years, most recently at 0.64% for Q1 2026.

  • For Q1 2026, EBITDA Margin fell 12.0% year-over-year to 0.64%; the TTM value through Mar 2026 reached 1.43%, up 53.0%, while the annual FY2025 figure was 1.54%, 35.0% down from the prior year.
  • EBITDA Margin for Q1 2026 was 0.64% at First Watch Restaurant, down from 4.81% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 4.81% in Q4 2025 and troughed at 0.64% in Q1 2026.
  • A 5-year average of 1.66% and a median of 1.04% in 2024 define the central range for EBITDA Margin.
  • Biggest five-year swings in EBITDA Margin: soared 429bps in 2022 and later crashed -389bps in 2025.
  • Year by year, EBITDA Margin stood at 0.26% in 2022, then surged by 281bps to 0.47% in 2023, then skyrocketed by 120bps to 1.04% in 2024, then surged by 361bps to 4.81% in 2025, then crashed by -113bps to 0.64% in 2026.
  • Business Quant data shows EBITDA Margin for FWRG at 0.64% in Q1 2026, 4.81% in Q4 2025, and 0.97% in Q3 2025.