Chipotle Mexican Grill (CMG) Operating Margin (2016 - 2025)
Chipotle Mexican Grill (CMG) has disclosed Operating Margin for 17 consecutive years, with 14.09% as the latest value for Q4 2025.
- On a quarterly basis, Operating Margin fell 52.0% to 14.09% in Q4 2025 year-over-year; TTM through Dec 2025 was 16.23%, a 71.0% decrease, with the full-year FY2025 number at 16.23%, down 71.0% from a year prior.
- Operating Margin was 14.09% for Q4 2025 at Chipotle Mexican Grill, down from 15.89% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 19.71% in Q2 2024 to a low of 8.07% in Q4 2021.
- A 5-year average of 14.58% and a median of 15.2% in 2022 define the central range for Operating Margin.
- Peak YoY movement for Operating Margin: skyrocketed 1334bps in 2021, then crashed -146bps in 2025.
- Chipotle Mexican Grill's Operating Margin stood at 8.07% in 2021, then surged by 68bps to 13.59% in 2022, then rose by 6bps to 14.44% in 2023, then rose by 1bps to 14.61% in 2024, then fell by -4bps to 14.09% in 2025.
- Per Business Quant, the three most recent readings for CMG's Operating Margin are 14.09% (Q4 2025), 15.89% (Q3 2025), and 18.25% (Q2 2025).