Growth Metrics

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

First Watch Restaurant has reported EBT Margin over the past 7 years, most recently at 1.04% for Q1 2026.

  • For Q1 2026, EBT Margin fell 49.0% year-over-year to 1.04%; the TTM value through Mar 2026 reached 0.81%, down 76.0%, while the annual FY2025 figure was 0.99%, 177.0% down from the prior year.
  • EBT Margin for Q1 2026 was 1.04% at First Watch Restaurant, down from 1.4% in the prior quarter.
  • Over five years, EBT Margin peaked at 6.58% in Q1 2023 and troughed at 1.04% in Q1 2026.
  • A 5-year average of 2.2% and a median of 1.8% in 2025 define the central range for EBT Margin.
  • Biggest five-year swings in EBT Margin: soared 574bps in 2022 and later crashed -467bps in 2025.
  • Year by year, EBT Margin stood at 0.14% in 2022, then skyrocketed by 1533bps to 2.25% in 2023, then plummeted by -88bps to 0.28% in 2024, then skyrocketed by 398bps to 1.4% in 2025, then crashed by -174bps to 1.04% in 2026.
  • Business Quant data shows EBT Margin for FWRG at 1.04% in Q1 2026, 1.4% in Q4 2025, and 1.8% in Q3 2025.