Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Net Margin came in at 12.05% in Q2 2026, down 219.0% year-over-year from 10.13% in Q2 2025, and up 22.9% quarter-over-quarter from 9.81% in Q1 2026.
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Analysis
Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has reported Net Margin for 17 consecutive years, with 12.05% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 219.0% year-over-year to 12.05% in Q2 2026; TTM through Jun 2026 was 11.42%, a 189.0% decrease from a year earlier, with the FY2025 full-year figure at 12.88%, down 68.0% from the prior year.
- Net Margin was 12.05% for Q2 2026 at Chipotle Mexican Grill, up from 9.81% in the prior quarter.
- Over five years, Net Margin peaked at 15.33% in Q2 2024 and troughed at 7.83% in Q1 2022.
- A 5-year average of 12.15% and a median of 12.18% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 448 bps in 2023 and sank 364 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 10.26% in 2022, then grew by 9 bps to 11.21% in 2023, then increased by 4 bps to 11.66% in 2024, then slipped by 5 bps to 11.09% in 2025, then grew by 9 bps to 12.05% in 2026.
- The last three Net Margin figures came in at 12.05% (Q2 2026), 9.81% (Q1 2026), and 11.09% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 10.89% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 7.26% |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 11.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.05% |
| Mar 31, 2026 | 9.81% |
| Dec 31, 2025 | 11.09% |
| Sep 30, 2025 | 12.72% |
| Jun 30, 2025 | 14.24% |
| Mar 31, 2025 | 13.45% |
| Dec 31, 2024 | 11.66% |
| Sep 30, 2024 | 13.87% |
| Jun 30, 2024 | 15.33% |
| Mar 31, 2024 | 13.30% |
| Dec 31, 2023 | 11.21% |
| Sep 30, 2023 | 12.67% |
| Jun 30, 2023 | 13.59% |
| Mar 31, 2023 | 12.31% |
| Dec 31, 2022 | 10.26% |
| Sep 30, 2022 | 11.58% |
| Jun 30, 2022 | 11.74% |
| Mar 31, 2022 | 7.83% |
| Dec 31, 2021 | 6.18% |
| Sep 30, 2021 | 10.47% |
API Access
Chipotle Mexican Grill Net 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=net-margin&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();