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

First Watch Restaurant's FCF Margin history runs 7 years deep, the most recent figure standing at 1.54% for Q1 2026.

• On a quarterly basis, FCF Margin rose 736.0% year-over-year to 1.54% in Q1 2026; TTM through Mar 2026 was 0.75%, a 163.0% increase from a year earlier, with the FY2025 full-year figure at 2.54%, down 133.0% from the prior year.
• FCF Margin climbed to 1.54% in Q1 2026 per FWRG's latest filing, from 5.8% 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.
• The 5-year median for FCF Margin is 0.55% (2025), against an average of 1.5%.
• Across the five-year window, FCF Margin surged 2523 bps in 2022 and tumbled 3504 bps in 2023, its largest moves.
• Year by year, FCF Margin stood at 31.66% in 2022, then slumped by 111 bps to 3.38% in 2023, then sank by 99 bps to 6.73% in 2024, then rose by 14 bps to 5.8% in 2025, then soared by 127 bps to 1.54% in 2026.
• Per Business Quant, the three latest FWRG FCF Margin figures stand at 1.54% (Q1 2026), 5.8% (Q4 2025), and 1.73% (Q3 2025).