First Watch Restaurant (FWRG) EBT Margin (2020 - 2026)
First Watch Restaurant's quarterly EBT Margin came in at 1.04% in Q1 2026, down 49.0% year-on-year from 2.03% in Q1 2025, and down 174.26% quarter-over-quarter from 1.4% in Q4 2025.
First Watch Restaurant has reported EBT Margin for 7 years, with the latest figure at 1.04% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 49.0% year-over-year to 1.04%; the trailing twelve-month figure through Mar 2026 stood at 0.81% (down 76.0% YoY), and the FY2025 full-year result was 0.99%, down 177.0% from the prior year.
- EBT Margin for Q1 2026 stood at 1.04%, down from 1.4% in the prior quarter.
- The five-year high for EBT Margin was 6.58% in Q1 2023, with the low at 1.04% in Q1 2026.
- Average EBT Margin over 5 years is 2.2%, with a median of 1.8% recorded in 2025.
- Year-over-year, EBT Margin surged 574 bps in 2022 and sank 467 bps in 2025.
- Tracing FWRG's EBT Margin over 5 years: stood at 0.14% in 2022, then soared by 1533 bps to 2.25% in 2023, then sank by 88 bps to 0.28% in 2024, then soared by 398 bps to 1.4% in 2025, then sank by 174 bps to 1.04% in 2026.
- The last three EBT Margin figures came in at 1.04% (Q1 2026), 1.4% (Q4 2025), and 1.8% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 7.64% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 25.06% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 13.14% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 21.33% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 10.67% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 13.82% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 9.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 15.70% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 2.21% |
| 10 | First Watch Restaurant | 680.42 Mn | 656.85 Mn | 256.65 Mn | -1.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | -1.04% |
| Dec 28, 2025 | 1.40% |
| Sep 28, 2025 | 1.80% |
| Jun 29, 2025 | 1.16% |
| Mar 30, 2025 | -0.54% |
| Dec 29, 2024 | 0.28% |
| Sep 29, 2024 | 1.39% |
| Jun 30, 2024 | 5.33% |
| Mar 31, 2024 | 4.13% |
| Dec 31, 2023 | 2.25% |
| Sep 24, 2023 | 3.04% |
| Jun 25, 2023 | 4.62% |
| Mar 26, 2023 | 6.58% |
| Dec 25, 2022 | 0.14% |
| Sep 25, 2022 | 0.74% |
| Jun 26, 2022 | 2.19% |
| Mar 27, 2022 | 4.00% |
| Dec 26, 2021 | -2.96% |
| Sep 26, 2021 | 0.84% |
| Jun 27, 2021 | 3.96% |
| Mar 28, 2021 | -1.74% |
| Dec 27, 2020 | -10.03% |
| Sep 27, 2020 | -14.44% |