Chipotle Mexican Grill (CMG) EBT Margin (2010 - 2026)
Chipotle Mexican Grill (CMG) reported EBT Margin of 13.14% for Q1 2026, down 430.0% year-over-year from 3.98% in Q1 2025, and down 9.59% quarter-over-quarter 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.
- EBT Margin for Q1 2026 came in at 13.14%, down 430.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.77% (down 209.0% YoY), and the FY2025 annual result was 16.85%, down 92.0% from the prior year.
- EBT Margin slipped to 13.14% in Q1 2026 per CMG's latest filing, from 14.53% in the prior quarter.
- Over five years, EBT Margin peaked at 20.45% in Q2 2024 and troughed at 9.4% in Q1 2022.
- A 5-year average of 15.97% and a median of 15.9% in 2023 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2023 and 2026: EBT Margin jumped 649 bps in 2023, then plunged 430 bps in 2026.
- A 5-year view of EBT Margin shows it stood at 13.91% in 2022, then rose by 9 bps to 15.19% in 2023, then increased by 2 bps to 15.43% in 2024, then declined by 6 bps to 14.53% in 2025, then declined by 10 bps to 13.14% in 2026.
- Business Quant data shows CMG's EBT Margin at 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 | 114.58 Bn | 112.88 Bn | 9.40 Bn | 7.64% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 13.14% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 25.06% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 21.33% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 10.67% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 13.82% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 9.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 15.70% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 2.21% |
| 10 | Dutch Bros | 8.99 Bn | 8.95 Bn | 107.48 Mn | 5.81% |
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% |