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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) Net Margin (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Net Margin data on record, last reported at 4.79% in Q4 2025.

  • For Q4 2025, Net Margin rose 453.0% year-over-year to 4.79%; the TTM value through Dec 2025 reached 1.59%, down 27.0%, while the annual FY2025 figure was 1.59%, 27.0% down from the prior year.
  • Net Margin reached 4.79% in Q4 2025 per FWRG's latest filing, up from 0.95% in the prior quarter.
  • Across five years, Net Margin topped out at 4.79% in Q4 2025 and bottomed at 2.86% in Q4 2021.
  • Average Net Margin over 5 years is 1.39%, with a median of 1.01% recorded in 2023.
  • Peak YoY movement for Net Margin: skyrocketed 1167bps in 2021, then tumbled -327bps in 2025.
  • A 5-year view of Net Margin shows it stood at 2.86% in 2021, then surged by 91bps to 0.26% in 2022, then surged by 514bps to 1.08% in 2023, then tumbled by -75bps to 0.27% in 2024, then soared by 1706bps to 4.79% in 2025.
  • Per Business Quant database, its latest 3 readings for Net Margin were 4.79% in Q4 2025, 0.95% in Q3 2025, and 0.68% in Q2 2025.