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.

• On a quarterly basis, Gross Margin fell 112.0% year-over-year to 84.44% in Q1 2026; TTM through Mar 2026 was 81.23%, a 348.0% increase from a year earlier, with the FY2025 full-year figure at 85.28%, down 86.0% from the prior year.
• Gross Margin for Q1 2026 stood at 84.44%, roughly flat from 84.53% in the prior quarter.
• Over the last five years, Gross Margin for CMG reached as high as 129.88% in Q4 2022 and fell as low as 69.38% in Q3 2024.
• Historically, Gross Margin has averaged 82.45% across 5 years, with a median of 84.53% in 2025.
• Across the five-year window, Gross Margin soared 6151 bps in 2022 and sank 4460 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 129.88% in 2022, then sank by 34 bps to 85.28% in 2023, then increased by 0 bps to 85.54% in 2024, then decreased by 1 bps to 84.53% in 2025, then declined by 0 bps to 84.44% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 84.44% in Q1 2026, 84.53% in Q4 2025, and 85.0% in Q3 2025.