Growth Metrics

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

First Watch Restaurant has reported Tax Rate over the past 6 years, most recently at 243.08% for Q4 2025.

  • Quarterly results put Tax Rate at 243.08% for Q4 2025, down 24836.0% from a year ago — trailing twelve months through Dec 2025 was 60.16% (down 9263.0% YoY), and the annual figure for FY2025 was 60.16%, down 9263.0%.
  • Tax Rate for Q4 2025 was 243.08% at First Watch Restaurant, down from 47.29% in the prior quarter.
  • Over the last five years, Tax Rate for FWRG hit a ceiling of 289.84% in Q4 2022 and a floor of 243.08% in Q4 2025.
  • Median Tax Rate over the past 5 years was 34.23% (2024), compared with a mean of 33.26%.
  • Biggest five-year swings in Tax Rate: soared 28638bps in 2022 and later plummeted -24836bps in 2025.
  • First Watch Restaurant's Tax Rate stood at 3.46% in 2021, then skyrocketed by 8266bps to 289.84% in 2022, then tumbled by -82bps to 51.9% in 2023, then tumbled by -90bps to 5.28% in 2024, then crashed by -4700bps to 243.08% in 2025.
  • The last three reported values for Tax Rate were 243.08% (Q4 2025), 47.29% (Q3 2025), and 41.11% (Q2 2025) per Business Quant data.