Growth Metrics

Sweetgreen (SG) Net Margin (2021 - 2025)

Sweetgreen's Net Margin history spans 5 years, with the latest figure at 32.03% for Q4 2025.

  • For Q4 2025, Net Margin fell 1401.0% year-over-year to 32.03%; the TTM value through Dec 2025 reached 19.73%, down 638.0%, while the annual FY2025 figure was 19.73%, 638.0% down from the prior year.
  • Net Margin for Q4 2025 was 32.03% at Sweetgreen, down from 20.97% in the prior quarter.
  • Across five years, Net Margin topped out at 7.83% in Q2 2024 and bottomed at 68.63% in Q4 2021.
  • The 5-year median for Net Margin is 23.93% (2023), against an average of 27.88%.
  • The largest annual shift saw Net Margin skyrocketed 2713bps in 2022 before it plummeted -1401bps in 2025.
  • A 5-year view of Net Margin shows it stood at 68.63% in 2021, then surged by 40bps to 41.51% in 2022, then soared by 57bps to 17.91% in 2023, then decreased by -1bps to 18.02% in 2024, then crashed by -78bps to 32.03% in 2025.
  • Per Business Quant, the three most recent readings for SG's Net Margin are 32.03% (Q4 2025), 20.97% (Q3 2025), and 12.48% (Q2 2025).