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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.
  • According to the latest figures from Q3 2025, First Watch Restaurant's Gross Margin is 77.94%, which was up 1400.0% from 76.62% recorded in Q2 2025.
  • First Watch Restaurant's Gross Margin's 5-year high stood at 78.83% during Q1 2021, with a 5-year trough of 75.48% in Q2 2022.
  • Its 5-year average for Gross Margin is 77.43%, with a median of 77.78% in 2023.
  • Per our database at Business Quant, First Watch Restaurant's Gross Margin tumbled by -26900bps in 2022 and then soared by 24700bps in 2023.
  • First Watch Restaurant's Gross Margin (Quarter) stood at 76.74% in 2021, then decreased by 0bps to 76.66% in 2022, then increased by 1bps to 77.78% in 2023, then fell by 0bps to 77.5% in 2024, then rose by 1bps to 77.94% in 2025.
  • Its Gross Margin stands at 77.94% for Q3 2025, versus 76.62% for Q2 2025 and 76.39% for Q1 2025.