First Watch Restaurant Group, Inc. FWRG Operating margin
Operating margin at other companies
Other financials
Where this comes from
Calculated from First Watch Restaurant Group, Inc.’s reported figures.
Based on trailing twelve months.
The official record: First Watch Restaurant Group, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Watch Restaurant Group, Inc.'s operating margin?
- First Watch Restaurant Group, Inc. (FWRG) reported operating margin of 2.2% in Q1 2026.
- How has First Watch Restaurant Group, Inc.'s operating margin changed year-over-year?
- First Watch Restaurant Group, Inc.'s operating margin decreased by 18.0% year-over-year, from 2.6% to 2.2%.
- What is the long-term trend for First Watch Restaurant Group, Inc.'s operating margin?
- Over 4 years (2021 to 2025), First Watch Restaurant Group, Inc.'s operating margin has grown at a -12.7% compound annual growth rate (CAGR), from 3.9% to 2.3%.
- What does operating margin mean?
- Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.