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% on a QoQ basis from 14.53% in Q4 2025.
Chipotle Mexican Grill (CMG) has 17 years of EBT Margin data on file, last reported at 13.14% in Q1 2026.
- Quarterly EBT Margin fell 430.0% year-over-year to 13.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.77% (down 209.0% YoY) and the FY2025 annual result came in at 16.85%, down 92.0% from the prior year.
- EBT Margin eased to 13.14% in Q1 2026 per CMG's latest filing, from 14.53% in the prior quarter.
- Across five years, EBT Margin topped out at 20.45% in Q2 2024 and bottomed at 9.4% in Q1 2022.
- The 5-year median for EBT Margin is 15.9% (2023), against an average of 15.97%.
- The widest annual swing landed in 2023, when EBT Margin surged 649 bps; it then slumped 430 bps in 2026.
- Tracing CMG's EBT Margin over 5 years: stood at 13.91% in 2022, then grew by 9 bps to 15.19% in 2023, then climbed by 2 bps to 15.43% in 2024, then slipped by 6 bps to 14.53% in 2025, then slipped by 10 bps to 13.14% in 2026.
- Per Business Quant, the three latest CMG EBT Margin figures stand at 13.14% (Q1 2026), 14.53% (Q4 2025), and 16.55% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 7.64% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 25.06% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 13.14% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 21.33% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 10.67% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 13.82% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 9.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 15.70% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 2.21% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 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% |
| Mar 31, 2021 | 9.15% |
| Dec 31, 2020 | 7.32% |
| Sep 30, 2020 | 6.65% |
| Jun 30, 2020 | -0.32% |
| Mar 31, 2020 | 5.24% |
| Dec 31, 2019 | 7.01% |
| Sep 30, 2019 | 8.55% |
| Jun 30, 2019 | 8.64% |
| Mar 31, 2019 | 8.66% |
| Dec 31, 2018 | 3.55% |
| Sep 30, 2018 | 4.94% |
| Jun 30, 2018 | 5.55% |
| Mar 31, 2018 | 8.20% |
| Dec 31, 2017 | 5.54% |
| Sep 30, 2017 | 2.85% |
| Jun 30, 2017 | 9.22% |
| Mar 31, 2017 | 6.96% |
| Dec 31, 2016 | 3.01% |
| Sep 30, 2016 | 1.00% |
| Jun 30, 2016 | 4.17% |
| Mar 31, 2016 | -5.33% |
| Dec 31, 2015 | 10.57% |
| Sep 30, 2015 | 19.42% |
| Jun 30, 2015 | 19.13% |
| Mar 31, 2015 | 18.28% |
| Dec 31, 2014 | 17.64% |
| Sep 30, 2014 | 19.20% |
| Jun 30, 2014 | 17.24% |
| Mar 31, 2014 | 15.08% |
| Dec 31, 2013 | 15.34% |
| Sep 30, 2013 | 16.68% |
| Jun 30, 2013 | 17.97% |
| Mar 31, 2013 | 16.55% |
| Dec 31, 2012 | 14.68% |
| Sep 30, 2012 | 16.87% |
| Jun 30, 2012 | 19.42% |
| Mar 31, 2012 | 16.03% |
| Dec 31, 2011 | 15.80% |
| Sep 30, 2011 | 16.64% |
| Jun 30, 2011 | 14.32% |
| Mar 31, 2011 | 14.74% |
| Dec 31, 2010 | 15.40% |
| Sep 30, 2010 | 16.35% |
| Jun 30, 2010 | 16.13% |
| Mar 31, 2010 | 15.01% |