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 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.
• The 5-year median for EBT Margin is 1.8% (2025), against an average of 2.2%.
• The sharpest annual moves came in 2022 and 2025: EBT Margin surged 574 bps in 2022, then plunged 467 bps in 2025.
• First Watch Restaurant's EBT Margin stood at 0.14% in 2022, then jumped by 1533 bps to 2.25% in 2023, then sank by 88 bps to 0.28% in 2024, then jumped by 398 bps to 1.4% in 2025, then sank by 174 bps to 1.04% in 2026.
• Business Quant data shows FWRG's EBT Margin at 1.04% in Q1 2026, 1.4% in Q4 2025, and 1.8% in Q3 2025.