Growth Metrics

First Watch Restaurant (FWRG) Tax Rate (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Tax Rate data on record, last reported at 243.08% in Q4 2025.

  • For Q4 2025, Tax Rate fell 24836.0% year-over-year to 243.08%; the TTM value through Dec 2025 reached 60.16%, down 9263.0%, while the annual FY2025 figure was 60.16%, 9263.0% down from the prior year.
  • Tax Rate reached 243.08% in Q4 2025 per FWRG's latest filing, down from 47.29% in the prior quarter.
  • Across five years, Tax Rate topped out at 289.84% in Q4 2022 and bottomed at 243.08% in Q4 2025.
  • Average Tax Rate over 5 years is 33.26%, with a median of 34.23% recorded in 2024.
  • Peak YoY movement for Tax Rate: skyrocketed 28638bps in 2022, then tumbled -24836bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 3.46% in 2021, then soared by 8266bps to 289.84% in 2022, then plummeted by -82bps to 51.9% in 2023, then plummeted by -90bps to 5.28% in 2024, then tumbled by -4700bps to 243.08% in 2025.
  • Per Business Quant database, its latest 3 readings for Tax Rate were 243.08% in Q4 2025, 47.29% in Q3 2025, and 41.11% in Q2 2025.