Growth Metrics

First Watch Restaurant (FWRG) Net Margin (2020 - 2025)

Historic Net Margin for First Watch Restaurant (FWRG) over the last 6 years, with Q3 2025 value amounting to 0.95%.

  • First Watch Restaurant's Net Margin rose 1100.0% to 0.95% in Q3 2025 from the same period last year, while for Sep 2025 it was 0.42%, marking a year-over-year decrease of 16700.0%. This contributed to the annual value of 1.86% for FY2024, which is 9800.0% down from last year.
  • Per First Watch Restaurant's latest filing, its Net Margin stood at 0.95% for Q3 2025, which was up 1100.0% from 0.68% recorded in Q2 2025.
  • In the past 5 years, First Watch Restaurant's Net Margin ranged from a high of 4.43% in Q1 2023 and a low of 2.86% during Q4 2021
  • For the 5-year period, First Watch Restaurant's Net Margin averaged around 1.21%, with its median value being 0.95% (2025).
  • Its Net Margin has fluctuated over the past 5 years, first surged by 116700bps in 2021, then crashed by -32700bps in 2025.
  • First Watch Restaurant's Net Margin (Quarter) stood at 2.86% in 2021, then soared 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 256bps to 0.95% in 2025.
  • Its last three reported values are 0.95% in Q3 2025, 0.68% for Q2 2025, and 0.29% during Q1 2025.