Chipotle Mexican Grill (CMG) EBIT Margin (2010 - 2026)
Chipotle Mexican Grill (CMG) reported EBIT Margin of 12.86% for Q1 2026, down 381.0% year-over-year from 4.58% in Q1 2025, and down 8.74% on a QoQ basis from 14.09% in Q4 2025.
Chipotle Mexican Grill (CMG) has 17 years of EBIT Margin data on file, last reported at 12.86% in Q1 2026.
- Quarterly EBIT Margin fell 381.0% year-over-year to 12.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.27% (down 174.0% YoY) and the FY2025 annual result came in at 16.23%, down 71.0% from the prior year.
- EBIT Margin declined to 12.86% in Q1 2026 per CMG's latest filing, from 14.09% in the prior quarter.
- Across five years, EBIT Margin topped out at 19.71% in Q2 2024 and bottomed at 9.41% in Q1 2022.
- The 5-year median for EBIT Margin is 15.52% (2023), against an average of 15.4%.
- The widest annual swing landed in 2023, when EBIT Margin surged 611 bps; it then sank 381 bps in 2026.
- Tracing CMG's EBIT Margin over 5 years: stood at 13.59% in 2022, then rose by 6 bps to 14.44% in 2023, then climbed by 1 bps to 14.61% in 2024, then slipped by 4 bps to 14.09% in 2025, then declined by 9 bps to 12.86% in 2026.
- Per Business Quant, the three latest CMG EBIT Margin figures stand at 12.86% (Q1 2026), 14.09% (Q4 2025), and 15.89% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.69% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 31.28% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 12.86% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 13.67% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 20.02% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 1.02% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 7.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.86% |
| Dec 31, 2025 | 14.09% |
| Sep 30, 2025 | 15.89% |
| Jun 30, 2025 | 18.25% |
| Mar 31, 2025 | 16.67% |
| Dec 31, 2024 | 14.61% |
| Sep 30, 2024 | 16.94% |
| Jun 30, 2024 | 19.71% |
| Mar 31, 2024 | 16.33% |
| Dec 31, 2023 | 14.44% |
| Sep 30, 2023 | 15.98% |
| Jun 30, 2023 | 17.17% |
| Mar 31, 2023 | 15.52% |
| Dec 31, 2022 | 13.59% |
| Sep 30, 2022 | 15.15% |
| Jun 30, 2022 | 15.25% |
| Mar 31, 2022 | 9.41% |
| Dec 31, 2021 | 8.07% |
| Sep 30, 2021 | 12.28% |
| Jun 30, 2021 | 12.97% |
| Mar 31, 2021 | 9.27% |
| Dec 31, 2020 | 7.27% |
| Sep 30, 2020 | 6.69% |
| Jun 30, 2020 | -0.36% |
| Mar 31, 2020 | 5.04% |
| Dec 31, 2019 | 6.82% |
| Sep 30, 2019 | 8.24% |
| Jun 30, 2019 | 8.37% |
| Mar 31, 2019 | 8.42% |
| Dec 31, 2018 | 3.23% |
| Sep 30, 2018 | 4.73% |
| Jun 30, 2018 | 5.37% |
| Mar 31, 2018 | 8.08% |
| Dec 31, 2017 | 5.41% |
| Sep 30, 2017 | 2.74% |
| Jun 30, 2017 | 9.13% |
| Mar 31, 2017 | 6.85% |
| Dec 31, 2016 | 2.95% |
| Sep 30, 2016 | 0.94% |
| Jun 30, 2016 | 4.10% |
| Mar 31, 2016 | -5.58% |
| Dec 31, 2015 | 10.39% |
| Sep 30, 2015 | 19.29% |
| Jun 30, 2015 | 18.99% |
| Mar 31, 2015 | 18.16% |
| Dec 31, 2014 | 17.56% |
| Sep 30, 2014 | 19.13% |
| Jun 30, 2014 | 17.13% |
| Mar 31, 2014 | 15.00% |
| Dec 31, 2013 | 15.29% |
| Sep 30, 2013 | 16.59% |
| Jun 30, 2013 | 17.93% |
| Mar 31, 2013 | 16.52% |
| Dec 31, 2012 | 14.62% |
| Sep 30, 2012 | 16.80% |
| Jun 30, 2012 | 19.36% |
| Mar 31, 2012 | 15.96% |
| Dec 31, 2011 | 15.73% |
| Sep 30, 2011 | 16.56% |
| Jun 30, 2011 | 14.67% |
| Mar 31, 2011 | 14.69% |
| Dec 31, 2010 | 15.33% |
| Sep 30, 2010 | 16.27% |
| Jun 30, 2010 | 16.06% |
| Mar 31, 2010 | 14.96% |