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

First Watch Restaurant has reported Net Margin for 7 years, with the latest figure at 0.81% in Q1 2026.

• For the quarter ending Q1 2026, Net Margin fell 52.0% year-over-year to 0.81%; the trailing twelve-month figure through Mar 2026 stood at 1.38% (up 35.0% YoY), and the FY2025 full-year result was 1.59%, down 27.0% from the prior year.
• Net Margin for Q1 2026 stood at 0.81%, down from 4.79% in the prior quarter.
• The five-year high for Net Margin was 4.79% in Q4 2025, with the low at 0.81% in Q1 2026.
• Average Net Margin over 5 years is 1.67%, with a median of 1.08% recorded in 2023.
• Peak annual rise in Net Margin reached 453 bps in 2025, while the deepest fall reached 327 bps in 2025.
• Tracing FWRG's Net Margin over 5 years: stood at 0.26% in 2022, then soared by 514 bps to 1.08% in 2023, then sank by 75 bps to 0.27% in 2024, then jumped by 1706 bps to 4.79% in 2025, then tumbled by 117 bps to 0.81% in 2026.
• The last three Net Margin figures came in at 0.81% (Q1 2026), 4.79% (Q4 2025), and 0.95% (Q3 2025), per Business Quant data.

Peer Comparison