Chipotle Mexican Grill (CMG) EBT Margin (2010 - 2026)

Chipotle Mexican Grill's (CMG) quarterly EBT Margin came in at 13.14% in Q1 2026, down 430.0% year-on-year from 3.98% in Q1 2025, and down 9.59% on a QoQ basis from 14.53% in Q4 2025.

Chipotle Mexican Grill (CMG) EBT Margin (2010 - 2026) Analysis & Trends

Chipotle Mexican Grill (CMG) has 17 years of EBT Margin data on file, last reported at 13.14% in Q1 2026.

  • On a quarterly basis, EBT Margin fell 430.0% year-over-year to 13.14% in Q1 2026; TTM through Mar 2026 was 15.77%, a 209.0% decrease from a year earlier, with the FY2025 full-year figure at 16.85%, down 92.0% from the prior year.
  • EBT Margin for Q1 2026 stood at 13.14%, down from 14.53% in the prior quarter.
  • Over the last five years, EBT Margin for CMG reached as high as 20.45% in Q2 2024 and fell as low as 9.4% in Q1 2022.
  • Historically, EBT Margin has averaged 15.97% across 5 years, with a median of 15.9% in 2023.
  • Across the five-year window, EBT Margin surged 649 bps in 2023 and slumped 430 bps in 2026, its largest moves.
  • Year by year, EBT Margin stood at 13.91% in 2022, then climbed by 9 bps to 15.19% in 2023, then advanced by 2 bps to 15.43% in 2024, then decreased by 6 bps to 14.53% in 2025, then decreased by 10 bps to 13.14% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 13.14% in Q1 2026, 14.53% in Q4 2025, and 16.55% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Starbucks 118.28 Bn 116.58 Bn 6.32 Bn 7.64%
2 Yum Brands 41.26 Bn 40.58 Bn 1.38 Bn 25.06%
3 Chipotle Mexican Grill 41.21 Bn 40.34 Bn 2.61 Bn 13.14%
4 Restaurant Brands International 25.26 Bn 24.25 Bn 2.14 Bn 21.33%
5 Darden Restaurants 22.64 Bn 22.40 Bn 3.31 Bn 10.67%
6 Yum China Holdings 15.35 Bn 13.92 Bn 2.31 Bn 13.82%
7 Texas Roadhouse 12.76 Bn 12.54 Bn 1.40 Bn 9.00%
8 Dominos Pizza 11.11 Bn 10.98 Bn 478.23 Mn 14.67%
9 Dutch Bros 8.18 Bn 7.92 Bn 107.48 Mn 5.81%
10 Brinker International 8.13 Bn 8.07 Bn 1.10 Bn 10.66%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.14%
Dec 31, 2025 14.53%
Sep 30, 2025 16.55%
Jun 30, 2025 18.85%
Mar 31, 2025 17.44%
Dec 31, 2024 15.43%
Sep 30, 2024 17.99%
Jun 30, 2024 20.45%
Mar 31, 2024 17.05%
Dec 31, 2023 15.19%
Sep 30, 2023 16.72%
Jun 30, 2023 17.82%
Mar 31, 2023 15.90%
Dec 31, 2022 13.91%
Sep 30, 2022 15.31%
Jun 30, 2022 15.73%
Mar 31, 2022 9.40%
Dec 31, 2021 8.55%
Sep 30, 2021 12.27%
Jun 30, 2021 13.02%