Chipotle Mexican Grill (CMG) EBITDA Margin (2010 - 2026)
Chipotle Mexican Grill (CMG) reported EBITDA Margin of 9.78% for Q1 2026, down 368.0% year-over-year from 3.65% in Q1 2025, and down 11.98% on a QoQ basis from 11.11% in Q4 2025.
Chipotle Mexican Grill (CMG) has 17 years of EBITDA Margin data on file, last reported at 9.78% in Q1 2026.
- Quarterly EBITDA Margin fell 368.0% year-over-year to 9.78% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.98% (down 160.0% YoY) and the FY2025 annual result came in at 12.9%, down 62.0% from the prior year.
- EBITDA Margin eased to 9.78% in Q1 2026 per CMG's latest filing, from 11.11% in the prior quarter.
- Across five years, EBITDA Margin topped out at 15.31% in Q2 2024 and bottomed at 7.84% in Q1 2022.
- The 5-year median for EBITDA Margin is 12.33% (2023), against an average of 12.15%.
- The widest annual swing landed in 2023, when EBITDA Margin jumped 449 bps; it then sank 368 bps in 2026.
- Tracing CMG's EBITDA Margin over 5 years: stood at 10.31% in 2022, then advanced by 9 bps to 11.27% in 2023, then advanced by 3 bps to 11.56% in 2024, then decreased by 4 bps to 11.11% in 2025, then dropped by 12 bps to 9.78% in 2026.
- Per Business Quant, the three latest CMG EBITDA Margin figures stand at 9.78% (Q1 2026), 11.11% (Q4 2025), and 12.7% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 12.50% |
| 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 | 9.78% |
| 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 | 7.55% |
| 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 | 9.78% |
| Dec 31, 2025 | 11.11% |
| Sep 30, 2025 | 12.70% |
| Jun 30, 2025 | 14.32% |
| Mar 31, 2025 | 13.46% |
| Dec 31, 2024 | 11.56% |
| Sep 30, 2024 | 13.91% |
| Jun 30, 2024 | 15.31% |
| Mar 31, 2024 | 13.25% |
| Dec 31, 2023 | 11.27% |
| Sep 30, 2023 | 12.63% |
| Jun 30, 2023 | 13.61% |
| Mar 31, 2023 | 12.33% |
| Dec 31, 2022 | 10.31% |
| Sep 30, 2022 | 11.48% |
| Jun 30, 2022 | 11.68% |
| Mar 31, 2022 | 7.84% |
| Dec 31, 2021 | 6.80% |
| Sep 30, 2021 | 10.42% |
| Jun 30, 2021 | 9.95% |
| Mar 31, 2021 | 7.28% |
| Dec 31, 2020 | 11.95% |
| Sep 30, 2020 | 5.05% |
| Jun 30, 2020 | 0.68% |
| Mar 31, 2020 | 5.28% |
| 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 | 5.88% |
| Mar 31, 2017 | 4.36% |
| Dec 31, 2016 | 1.28% |
| Sep 30, 2016 | 0.68% |
| Jun 30, 2016 | 2.54% |
| Mar 31, 2016 | -2.71% |
| Dec 31, 2015 | 6.49% |
| Sep 30, 2015 | 11.76% |
| Jun 30, 2015 | 11.85% |
| Mar 31, 2015 | 10.83% |
| Dec 31, 2014 | 11.24% |
| Sep 30, 2014 | 11.94% |
| Jun 30, 2014 | 10.49% |
| Mar 31, 2014 | 9.17% |
| Dec 31, 2013 | 9.46% |
| Sep 30, 2013 | 10.27% |
| Jun 30, 2013 | 10.75% |
| Mar 31, 2013 | 10.39% |
| Dec 31, 2012 | 8.81% |
| Sep 30, 2012 | 10.46% |
| Jun 30, 2012 | 11.67% |
| Mar 31, 2012 | 9.89% |
| Dec 31, 2011 | 9.55% |
| Sep 30, 2011 | 10.10% |
| Jun 30, 2011 | 8.88% |
| Mar 31, 2011 | 9.23% |
| Dec 31, 2010 | 15.33% |
| Sep 30, 2010 | 16.27% |
| Jun 30, 2010 | 16.06% |
| Mar 31, 2010 | 14.96% |