Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026)
Chipotle Mexican Grill (CMG) posted quarterly Net Margin of 12.05% for Q2 2026, down 219.0% year-over-year from 10.13% in Q2 2025, and up 22.9% on a QoQ basis from 9.81% in Q1 2026.
Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill has reported Net Margin for 17 years, with the latest figure at 12.05% in Q2 2026.
- Net Margin for Q2 2026 came in at 12.05%, down 219.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 11.42% (down 189.0% YoY), and the FY2025 annual result was 12.88%, down 68.0% from the prior year.
- Net Margin advanced to 12.05% in Q2 2026, 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.
- The widest annual swing landed in 2023, when Net Margin soared 448 bps; it then plunged 364 bps in 2026.
- A 5-year view of Net Margin shows it stood at 10.26% in 2022, then rose by 9 bps to 11.21% in 2023, then gained by 4 bps to 11.66% in 2024, then declined by 5 bps to 11.09% in 2025, then rose by 9 bps to 12.05% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 12.05% in Q2 2026, 9.81% in Q1 2026, and 11.09% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | -0.08% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 7.26% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 11.37% |
Historic Data
Download 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 | 6.81% |
| Sep 30, 2021 | 10.47% |