First Watch Restaurant (FWRG) Tax Rate (2020 - 2026)

First Watch Restaurant has reported Tax Rate for 7 years, with the latest figure at 21.81% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 2425.0% year-over-year to 21.81%; the trailing twelve-month figure through Mar 2026 stood at 71.71% (down 10566.0% YoY), and the FY2025 full-year result was 60.16%, down 9263.0% from the prior year.
• Tax Rate for Q1 2026 stood at 21.81%, up from 243.08% in the prior quarter.
• The five-year high for Tax Rate was 289.84% in Q4 2022, with the low at 243.08% in Q4 2025.
• Average Tax Rate over 5 years is 35.15%, with a median of 33.04% recorded in 2022.
• Year-over-year, Tax Rate soared 28638 bps in 2022 and plunged 24836 bps in 2025.
• Tracing FWRG's Tax Rate over 5 years: stood at 289.84% in 2022, then tumbled by 82 bps to 51.9% in 2023, then sank by 90 bps to 5.28% in 2024, then plunged by 4700 bps to 243.08% in 2025, then soared by 109 bps to 21.81% in 2026.
• The last three Tax Rate figures came in at 21.81% (Q1 2026), 243.08% (Q4 2025), and 47.29% (Q3 2025), per Business Quant data.

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