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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) Gross Margin (2020 - 2025)

Historic Gross Margin for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to 77.94%.

  • First Watch Restaurant's Gross Margin rose 1400.0% to 77.94% in Q3 2025 from the same period last year, while for Sep 2025 it was 77.12%, marking a year-over-year decrease of 10000.0%. This contributed to the annual value of 78.04% for FY2024, which is 1800.0% up from last year.
  • First Watch Restaurant's Gross Margin amounted to 77.94% in Q3 2025, which was up 1400.0% from 76.62% recorded in Q2 2025.
  • In the past 5 years, First Watch Restaurant's Gross Margin registered a high of 78.83% during Q1 2021, and its lowest value of 75.48% during Q2 2022.
  • Moreover, its 5-year median value for Gross Margin was 77.78% (2023), whereas its average is 77.43%.
  • Per our database at Business Quant, First Watch Restaurant's Gross Margin plummeted by -26900bps in 2022 and then surged by 24700bps in 2023.
  • First Watch Restaurant's Gross Margin (Quarter) stood at 76.74% in 2021, then dropped by 0bps to 76.66% in 2022, then grew by 1bps to 77.78% in 2023, then decreased by 0bps to 77.5% in 2024, then increased by 1bps to 77.94% in 2025.
  • Its last three reported values are 77.94% in Q3 2025, 76.62% for Q2 2025, and 76.39% during Q1 2025.