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

Chipotle Mexican Grill (CMG) has 17 years of Gross Margin data on file, last reported at 84.44% in Q1 2026.

• Gross Margin for Q1 2026 came in at 84.44%, up 1360.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 85.0% (up 1489.0% YoY), and the FY2025 annual result was 85.28%, up 1510.0% from the prior year.
• Gross Margin held at 84.44% in Q1 2026 per CMG's latest filing, from 84.53% in the prior quarter.
• Over five years, Gross Margin peaked at 129.28% in Q4 2023 and troughed at 25.16% in Q4 2022.
• A 5-year average of 78.04% and a median of 83.63% in 2022 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 10412 bps in 2023, then sank 5972 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 25.16% in 2022, then surged by 414 bps to 129.28% in 2023, then slumped by 46 bps to 69.56% in 2024, then grew by 22 bps to 84.53% in 2025, then decreased by 0 bps to 84.44% in 2026.
• Business Quant data shows CMG's Gross Margin at 84.44% in Q1 2026, 84.53% in Q4 2025, and 85.0% in Q3 2025.