First Watch Restaurant (FWRG) Tax Rate (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly Tax Rate of 21.81% for Q1 2026, down 2425.0% year-over-year from 0.94% in Q1 2025, and up 126.34% quarter-over-quarter from 82.81% in Q4 2025.
First Watch Restaurant (FWRG) Tax Rate (2020 - 2026) Analysis & Trends
First Watch Restaurant's Tax Rate history runs 7 years deep, the most recent figure standing at 21.81% for Q1 2026.
- In Q1 2026, Tax Rate fell 2425.0% year-over-year to 21.81%; the TTM figure through Mar 2026 stood at 2.5% (down 3645.0% YoY), while the FY2025 annual figure was 1.77%, down 3425.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.81%, up from 82.81% in the prior quarter.
- The five-year high for Tax Rate was 96.65% in Q3 2022, with the low at 1930.47% in Q4 2022.
- The 5-year median for Tax Rate is 32.92% (2022), against an average of 86.03%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 193393 bps in 2022, then soared 198237 bps in 2023.
- First Watch Restaurant's Tax Rate stood at 1930.47% in 2022, then surged by 103 bps to 51.9% in 2023, then sank by 90 bps to 5.28% in 2024, then plunged by 1667 bps to 82.81% in 2025, then soared by 126 bps to 21.81% in 2026.
- Business Quant data shows FWRG's Tax Rate at 21.81% in Q1 2026, 82.81% in Q4 2025, and 47.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 26.38% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 24.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | -60.04% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | -12.33% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 12.41% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | -12.33% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 25.99% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 13.53% |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 30.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 30.55% |
| Jun 28, 2026 | 30.55% |
| Jun 28, 2026 | 30.55% |
| Mar 29, 2026 | 21.81% |
| Mar 29, 2026 | 21.81% |
| Mar 29, 2026 | 21.81% |
| Dec 28, 2025 | -82.81% |
| Dec 28, 2025 | -82.81% |
| Dec 28, 2025 | -82.81% |
| Sep 28, 2025 | 47.29% |
| Sep 28, 2025 | 47.29% |
| Sep 28, 2025 | 47.29% |
| Jun 29, 2025 | 41.11% |
| Jun 29, 2025 | 41.11% |
| Jun 29, 2025 | 41.11% |
| Mar 30, 2025 | 46.06% |
| Mar 30, 2025 | 46.06% |
| Mar 30, 2025 | 46.06% |
| Dec 29, 2024 | 5.28% |
| Dec 29, 2024 | 5.28% |