First Watch Restaurant Group, Inc. (FWRG) Operating margin 2019–2025
First Watch Restaurant Group, Inc. (FWRG) operating margin by fiscal year — reported operating income divided by reported revenue.
2.3%FY2025 · since FY2019: -8.6% → 2.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 2.3% | -1.6 pp |
| FY2024 | 3.8% | -0.8 pp |
| FY2023 | 4.6% | +2.3 pp |
| FY2022 | 2.3% | -1.4 pp |
| FY2021 | 3.7% | +17.5 pp |
| FY2020 | -13.8% | -5.2 pp |
| FY2019 | -8.6% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice