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| Date | Value |
|---|---|
| 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% |