Growth Metrics

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

Chipotle Mexican Grill (CMG) has disclosed Net Margin for 17 consecutive years, with 11.09% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin fell 57.0% to 11.09% in Q4 2025 year-over-year; TTM through Dec 2025 was 12.88%, a 68.0% decrease, with the full-year FY2025 number at 12.88%, down 68.0% from a year prior.
  • Net Margin was 11.09% for Q4 2025 at Chipotle Mexican Grill, down from 12.72% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 15.33% in Q2 2024 to a low of 6.18% in Q4 2021.
  • A 5-year average of 11.54% and a median of 11.7% in 2022 define the central range for Net Margin.
  • Biggest YoY gain for Net Margin was 933bps in 2021; the steepest drop was -570bps in 2021.
  • Chipotle Mexican Grill's Net Margin stood at 6.18% in 2021, then surged by 66bps to 10.26% in 2022, then rose by 9bps to 11.21% in 2023, then grew by 4bps to 11.66% in 2024, then decreased by -5bps to 11.09% in 2025.
  • Per Business Quant, the three most recent readings for CMG's Net Margin are 11.09% (Q4 2025), 12.72% (Q3 2025), and 14.24% (Q2 2025).