Chipotle Mexican Grill (CMG) EBITDA Margin (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly EBITDA Margin came in at 12.86% in Q1 2026, down 381.0% year-on-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) EBITDA Margin (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has 17 years of EBITDA Margin data on file, last reported at 12.86% in Q1 2026.
- On a quarterly basis, EBITDA Margin fell 381.0% year-over-year to 12.86% in Q1 2026; TTM through Mar 2026 was 15.27%, a 174.0% decrease from a year earlier, with the FY2025 full-year figure at 16.23%, down 71.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 12.86%, down from 14.09% in the prior quarter.
- Over the last five years, EBITDA Margin for CMG reached as high as 19.71% in Q2 2024 and fell as low as 9.41% in Q1 2022.
- Historically, EBITDA Margin has averaged 15.4% across 5 years, with a median of 15.52% in 2023.
- Across the five-year window, EBITDA Margin surged 611 bps in 2023 and sank 381 bps in 2026, its largest moves.
- Year by year, EBITDA Margin stood at 13.59% in 2022, then increased by 6 bps to 14.44% in 2023, then advanced by 1 bps to 14.61% in 2024, then decreased by 4 bps to 14.09% in 2025, then dropped by 9 bps to 12.86% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 12.86% in Q1 2026, 14.09% in Q4 2025, and 15.89% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 8.69% |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 31.28% |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 12.86% |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 13.67% |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 19.43% |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 7.39% |
| 10 | Brinker International | 8.13 Bn | 8.07 Bn | 1.10 Bn | 11.33% |
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% |