Chipotle Mexican Grill (CMG) Operating Income (2009 - 2026)
Chipotle Mexican Grill (CMG) reported Operating Income of $397.1 million for Q1 2026, down 17.15% year-over-year from $479.2 million in Q1 2025, and down 5.53% quarter-over-quarter from $420.3 million in Q4 2025.
Chipotle Mexican Grill (CMG) Operating Income (2009 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has 18 years of Operating Income data on file, last reported at $397.1 million in Q1 2026.
- Operating Income for Q1 2026 came in at $397.1 million, down 17.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (down 5.15% YoY), and the FY2025 annual result was $1.9 billion, up 1.02% from the prior year.
- Operating Income declined to $397.1 million in Q1 2026 per CMG's latest filing, from $420.3 million in the prior quarter.
- Over five years, Operating Income peaked at $586.1 million in Q2 2024 and troughed at $190.2 million in Q1 2022.
- A 5-year average of $409.8 million and a median of $415.7 million in 2024 frame the typical range for Operating Income.
- The sharpest annual moves came in 2023 and 2026: Operating Income jumped 93.25% in 2023, then fell 17.15% in 2026.
- A 5-year view of Operating Income shows it stood at $296.3 million in 2022, then climbed by 22.65% to $363.4 million in 2023, then increased by 14.39% to $415.7 million in 2024, then increased by 1.1% to $420.3 million in 2025, then retreated by 5.53% to $397.1 million in 2026.
- Business Quant data shows CMG's Operating Income at $397.1 million in Q1 2026, $420.3 million in Q4 2025, and $477.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 828.10 Mn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 397.06 Mn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 644.00 Mn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 606.00 Mn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 406.40 Mn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 447.00 Mn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 146.34 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 230.36 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 2.81 Mn |
| 10 | Dutch Bros | 8.99 Bn | 8.95 Bn | 107.48 Mn | 34.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 397.06 Mn |
| Dec 31, 2025 | 420.32 Mn |
| Sep 30, 2025 | 477.17 Mn |
| Jun 30, 2025 | 559.06 Mn |
| Mar 31, 2025 | 479.25 Mn |
| Dec 31, 2024 | 415.73 Mn |
| Sep 30, 2024 | 473.26 Mn |
| Jun 30, 2024 | 586.05 Mn |
| Mar 31, 2024 | 441.29 Mn |
| Dec 31, 2023 | 363.45 Mn |
| Sep 30, 2023 | 394.95 Mn |
| Jun 30, 2023 | 431.81 Mn |
| Mar 31, 2023 | 367.61 Mn |
| Dec 31, 2022 | 296.33 Mn |
| Sep 30, 2022 | 336.25 Mn |
| Jun 30, 2022 | 337.60 Mn |
| Mar 31, 2022 | 190.22 Mn |
| Dec 31, 2021 | 158.30 Mn |
| Sep 30, 2021 | 239.68 Mn |
| Jun 30, 2021 | 245.53 Mn |