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% on a QoQ basis from $420.3 million in Q4 2025.
Chipotle Mexican Grill (CMG) has 18 years of Operating Income data on file, last reported at $397.1 million in Q1 2026.
- Quarterly Operating Income fell 17.15% year-over-year to $397.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (down 5.15% YoY) and the FY2025 annual result came in at $1.9 billion, up 1.02% from the prior year.
- Operating Income fell to $397.1 million in Q1 2026 per CMG's latest filing, from $420.3 million in the prior quarter.
- Across five years, Operating Income topped out at $586.1 million in Q2 2024 and bottomed at $190.2 million in Q1 2022.
- The 5-year median for Operating Income is $415.7 million (2024), against an average of $409.8 million.
- The widest annual swing landed in 2023, when Operating Income surged 93.25%; it then dropped 17.15% in 2026.
- Tracing CMG's Operating Income over 5 years: stood at $296.3 million in 2022, then gained by 22.65% to $363.4 million in 2023, then climbed by 14.39% to $415.7 million in 2024, then climbed by 1.1% to $420.3 million in 2025, then declined by 5.53% to $397.1 million in 2026.
- Per Business Quant, the three latest CMG Operating Income figures stand at $397.1 million (Q1 2026), $420.3 million (Q4 2025), and $477.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 828.10 Mn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 644.00 Mn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 397.06 Mn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 606.00 Mn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 406.40 Mn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 447.00 Mn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 146.34 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 230.36 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 2.81 Mn |
| 10 | Dutch Bros | 7.47 Bn | 7.43 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 |
| Mar 31, 2021 | 161.44 Mn |
| Dec 31, 2020 | 116.89 Mn |
| Sep 30, 2020 | 107.10 Mn |
| Jun 30, 2020 | -4.94 Mn |
| Mar 31, 2020 | 71.12 Mn |
| Dec 31, 2019 | 98.16 Mn |
| Sep 30, 2019 | 115.62 Mn |
| Jun 30, 2019 | 120.02 Mn |
| Mar 31, 2019 | 110.16 Mn |
| Dec 31, 2018 | 39.61 Mn |
| Sep 30, 2018 | 57.99 Mn |
| Jun 30, 2018 | 67.96 Mn |
| Mar 31, 2018 | 92.81 Mn |
| Dec 31, 2017 | 60.03 Mn |
| Sep 30, 2017 | 30.87 Mn |
| Jun 30, 2017 | 106.73 Mn |
| Mar 31, 2017 | 73.17 Mn |
| Dec 31, 2016 | 30.55 Mn |
| Sep 30, 2016 | 9.73 Mn |
| Jun 30, 2016 | 40.90 Mn |
| Mar 31, 2016 | -46.60 Mn |
| Dec 31, 2015 | 103.61 Mn |
| Sep 30, 2015 | 234.76 Mn |
| Jun 30, 2015 | 227.42 Mn |
| Mar 31, 2015 | 197.80 Mn |
| Dec 31, 2014 | 187.87 Mn |
| Sep 30, 2014 | 207.44 Mn |
| Jun 30, 2014 | 179.84 Mn |
| Mar 31, 2014 | 135.65 Mn |
| Dec 31, 2013 | 129.10 Mn |
| Sep 30, 2013 | 137.15 Mn |
| Jun 30, 2013 | 146.42 Mn |
| Mar 31, 2013 | 120.04 Mn |
| Dec 31, 2012 | 102.19 Mn |
| Sep 30, 2012 | 117.66 Mn |
| Jun 30, 2012 | 133.79 Mn |
| Mar 31, 2012 | 102.22 Mn |
| Dec 31, 2011 | 93.87 Mn |
| Sep 30, 2011 | 98.01 Mn |
| Jun 30, 2011 | 83.86 Mn |
| Mar 31, 2011 | 74.82 Mn |
| Dec 31, 2010 | 73.99 Mn |
| Sep 30, 2010 | 77.58 Mn |
| Jun 30, 2010 | 74.96 Mn |
| Mar 31, 2010 | 61.30 Mn |
| Dec 31, 2009 | 50.39 Mn |
| Sep 30, 2009 | 54.81 Mn |
| Jun 30, 2009 | 57.32 Mn |