Chipotle Mexican Grill (CMG) Gross Margin (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Gross Margin came in at 70.33% in Q2 2026, down 75.0% year-over-year from 281.31% in Q2 2025, and little changed quarter-over-quarter from 70.43% in Q1 2026.
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Analysis
Chipotle Mexican Grill (CMG) Gross Margin (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has reported Gross Margin for 17 consecutive years, with 70.33% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 75.0% year-over-year to 70.33% in Q2 2026; TTM through Jun 2026 was 70.14%, a 9.0% decrease from a year earlier, with the FY2025 full-year figure at 70.43%, up 25.0% from the prior year.
- Gross Margin was 70.33% for Q2 2026 at Chipotle Mexican Grill, roughly flat from 70.43% in the prior quarter.
- Over five years, Gross Margin peaked at 71.17% in Q1 2024 and troughed at 68.97% in Q1 2022.
- A 5-year average of 70.25% and a median of 70.32% in 2026 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 233 bps in 2022, down 102 bps in 2022.
- Over 5 years, Gross Margin stood at 70.7% in 2022, then decreased by 1 bps to 70.31% in 2023, then decreased by 1 bps to 69.56% in 2024, then grew by 0 bps to 69.83% in 2025, then increased by 1 bps to 70.33% in 2026.
- The last three Gross Margin figures came in at 70.33% (Q2 2026), 70.43% (Q1 2026), and 69.83% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 85.89% |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 40.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.33% |
| Mar 31, 2026 | 70.43% |
| Dec 31, 2025 | 69.83% |
| Sep 30, 2025 | 69.95% |
| Jun 30, 2025 | 71.08% |
| Mar 31, 2025 | 70.84% |
| Dec 31, 2024 | 69.56% |
| Sep 30, 2024 | 69.38% |
| Jun 30, 2024 | 70.61% |
| Mar 31, 2024 | 71.17% |
| Dec 31, 2023 | 70.31% |
| Sep 30, 2023 | 70.30% |
| Jun 30, 2023 | 70.63% |
| Mar 31, 2023 | 70.76% |
| Dec 31, 2022 | 70.70% |
| Sep 30, 2022 | 70.16% |
| Jun 30, 2022 | 69.55% |
| Mar 31, 2022 | 68.97% |
| Dec 31, 2021 | 68.37% |
| Sep 30, 2021 | 69.71% |
API Access
Chipotle Mexican Grill Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();