Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026)
Chipotle Mexican Grill (CMG) posted Net Margin of 12.05% for Q2 2026, down 2.19 percentage points from 14.24% a year earlier but up 2.25 percentage points from the prior quarter.
Powered by 
Analysis
Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Chipotle Mexican Grill was 11.42%, down 1.89 percentage points year-over-year; for FY2025, it was 12.88%, down 0.68 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +6.93 percentage points (FY2020 to FY2025).
- In prior years, Chipotle Mexican Grill's Net Margin was 13.56% in FY2024 (+1.11 pp), 12.45% in FY2023 (+2.03 pp), 10.41% in FY2022 (+1.76 pp) and 8.65% in FY2021 (+2.71 pp).
- Quarterly Net Margin has run from a low of 6.81% in Q4 2021 to a high of 15.33% in Q2 2024 over five years.
- On a year-over-year basis, Net Margin has declined in each of the last five quarters, with an average year-over-year change of -0.85 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2021, with a gain of 5.46 percentage points; the weakest was Q4 2021, with a drop of 5.07 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 9.81% (Q1 2026), 11.09% (Q4 2025) and 12.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - | 11.21% |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn | 39.33% |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - | 10.32% |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn | 21.47% |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn | 7.29% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.88% |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn | 7.78% |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - | 7.26% |
| 10 | Dominos Pizza | 11.21 Bn | 10.45 Bn | 476.38 Mn | 12.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.32% |
| 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% |
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();