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

First Watch Restaurant's EBT Margin history runs 7 years deep, the most recent figure standing at 1.04% for Q1 2026.

• In Q1 2026, EBT Margin fell 49.0% year-over-year to 1.04%; the TTM figure through Mar 2026 stood at 0.81% (down 76.0% YoY), while the FY2025 annual figure was 0.99%, down 177.0% from the prior year.
• EBT Margin was 1.04% for Q1 2026 at First Watch Restaurant, down from 1.4% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 6.58% in Q1 2023 to a low of 1.04% in Q1 2026.
• Historically, EBT Margin has averaged 2.2% across 5 years, with a median of 1.8% in 2025.
• The sharpest annual moves came in 2022 and 2025: EBT Margin soared 574 bps in 2022, then sank 467 bps in 2025.
• A 5-year view of EBT Margin shows it stood at 0.14% in 2022, then surged by 1533 bps to 2.25% in 2023, then slumped by 88 bps to 0.28% in 2024, then surged by 398 bps to 1.4% in 2025, then slumped 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.