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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Watch Restaurant (FWRG) FCF Margin (2020 - 2025)

First Watch Restaurant (FWRG) has 5 years of FCF Margin data on record, last reported at 5.8% in Q4 2025.

  • For Q4 2025, FCF Margin rose 93.0% year-over-year to 5.8%; the TTM value through Dec 2025 reached 2.54%, down 133.0%, while the annual FY2025 figure was 2.54%, 133.0% down from the prior year.
  • FCF Margin reached 5.8% in Q4 2025 per FWRG's latest filing, down from 1.73% in the prior quarter.
  • Across five years, FCF Margin topped out at 31.66% in Q4 2022 and bottomed at 6.73% in Q4 2024.
  • Average FCF Margin over 5 years is 2.1%, with a median of 1.31% recorded in 2025.
  • Peak YoY movement for FCF Margin: soared 2523bps in 2022, then crashed -3504bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 6.43% in 2021, then soared by 392bps to 31.66% in 2022, then tumbled by -111bps to 3.38% in 2023, then plummeted by -99bps to 6.73% in 2024, then rose by 14bps to 5.8% in 2025.
  • Per Business Quant database, its latest 3 readings for FCF Margin were 5.8% in Q4 2025, 1.73% in Q3 2025, and 0.55% in Q2 2025.