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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 25.16% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 3057.0% to 25.16% in Q4 2025 year-over-year; TTM through Dec 2025 was 70.43%, a 25.0% increase, with the full-year FY2025 number at 70.43%, up 25.0% from a year prior.
  • Gross Margin was 25.16% for Q4 2025 at Chipotle Mexican Grill, down from 100.23% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.23% in Q3 2025 to a low of 25.16% in Q4 2022.
  • A 5-year average of 73.26% and a median of 84.74% in 2021 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: soared 6012bps in 2023, then crashed -3057bps in 2025.
  • Chipotle Mexican Grill's Gross Margin stood at 26.96% in 2021, then dropped by -7bps to 25.16% in 2022, then soared by 239bps to 85.28% in 2023, then plummeted by -35bps to 55.73% in 2024, then tumbled by -55bps to 25.16% in 2025.
  • Per Business Quant, the three most recent readings for CMG's Gross Margin are 25.16% (Q4 2025), 100.23% (Q3 2025), and 71.08% (Q2 2025).