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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Chipotle Mexican Grill (CMG) Gross Margin (2016 - 2025)

Chipotle Mexican Grill (CMG) has disclosed Gross Margin for 16 consecutive years, with 84.53% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 101.0% to 84.53% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 81.44% through Dec 2025, down 55.0% year-over-year, with the annual reading at 85.28% for FY2025, 86.0% down from the prior year.
  • Gross Margin for Q4 2025 was 84.53% at Chipotle Mexican Grill, down from 85.0% in the prior quarter.
  • The five-year high for Gross Margin was 129.28% in Q4 2023, with the low at 68.37% in Q4 2021.
  • Average Gross Margin over 5 years is 82.05%, with a median of 84.74% recorded in 2021.
  • The sharpest move saw Gross Margin skyrocketed 4494bps in 2023, then tumbled -4374bps in 2024.
  • Over 5 years, Gross Margin stood at 68.37% in 2021, then grew by 23bps to 84.33% in 2022, then soared by 53bps to 129.28% in 2023, then plummeted by -34bps to 85.54% in 2024, then dropped by -1bps to 84.53% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 84.53%, 85.0%, and 71.08% for Q4 2025, Q3 2025, and Q2 2025 respectively.