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| Date | Value |
|---|---|
| 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% |