Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026)

Chipotle Mexican Grill's (CMG) quarterly Net Margin came in at 9.81% in Q1 2026, down 364.0% year-on-year from 3.71% in Q1 2025, and down 11.6% on a QoQ basis from 11.09% in Q4 2025.

Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026) Analysis & Trends

Chipotle Mexican Grill (CMG) has 17 years of Net Margin data on file, last reported at 9.81% in Q1 2026.

  • On a quarterly basis, Net Margin fell 364.0% year-over-year to 9.81% in Q1 2026; TTM through Mar 2026 was 11.96%, a 163.0% decrease from a year earlier, with the FY2025 full-year figure at 12.88%, down 68.0% from the prior year.
  • Net Margin for Q1 2026 stood at 9.81%, down from 11.09% in the prior quarter.
  • Over the last five years, Net Margin for CMG reached as high as 15.33% in Q2 2024 and fell as low as 7.83% in Q1 2022.
  • Historically, Net Margin has averaged 12.16% across 5 years, with a median of 12.31% in 2023.
  • Across the five-year window, Net Margin soared 448 bps in 2023 and slumped 364 bps in 2026, its largest moves.
  • Year by year, Net Margin stood at 10.26% in 2022, then advanced by 9 bps to 11.21% in 2023, then climbed by 4 bps to 11.66% in 2024, then retreated by 5 bps to 11.09% in 2025, then decreased by 12 bps to 9.81% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 9.81% in Q1 2026, 11.09% in Q4 2025, and 12.72% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Starbucks 118.28 Bn 116.58 Bn 6.32 Bn 5.36%
2 Yum Brands 41.26 Bn 40.58 Bn 1.38 Bn 20.98%
3 Chipotle Mexican Grill 41.21 Bn 40.34 Bn 2.61 Bn 9.81%
4 Restaurant Brands International 25.26 Bn 24.25 Bn 2.14 Bn 14.93%
5 Darden Restaurants 22.64 Bn 22.40 Bn 3.31 Bn -0.11%
6 Yum China Holdings 15.35 Bn 13.92 Bn 2.31 Bn 10.06%
7 Texas Roadhouse 12.76 Bn 12.54 Bn 1.40 Bn 7.56%
8 Dominos Pizza 11.11 Bn 10.98 Bn 478.23 Mn 11.37%
9 Dutch Bros 8.18 Bn 7.92 Bn 107.48 Mn 5.10%
10 Brinker International 8.13 Bn 8.07 Bn 1.10 Bn 8.70%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 9.93%