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First Watch Restaurant Group, Inc. (FWRG) — benchmarks from SEC filings

Latest fiscal year 2025 · computed deterministically from XBRL 10-K data · coverage 100%

$1.22BRevenue FY2025
20.3%Revenue growth
2.3%Operating margin
1.6%Net margin
-2.5%FCF margin

In fiscal 2025, First Watch Restaurant Group, Inc. reported revenue of $1.22B, up 20.3% year over year. Operating margin was 2.3% and net margin 1.6%, on a free-cash-flow margin of -2.5% with capital expenditure at 12.8% of revenue. Every figure is computed directly from FWRG's SEC XBRL 10-K filing — deterministic, with no estimates.

Fiscal yearRevenueOp marginNet margin
FY2025$1.22B2.3%1.6%
FY2024$1.02B3.8%1.9%
FY2023$892M4.6%2.8%
FY2022$730M2.3%0.9%
FY2021$601M3.7%-0.4%

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Source: SEC EDGAR XBRL (10-K filings), latest filed values. "n/a" = not disclosed under mapped tags — never estimated. Informational benchmarking, not investment advice. © CompsDesk / Sam Arora.