Sweetgreen (SG) Operating Margin (2021 - 2026)
Sweetgreen (SG) recorded Operating Margin of -14.23% in Q2 2026, up 0.01 percentage points from -14.24% a year earlier and up 7.04 percentage points from the prior quarter.
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Analysis
Sweetgreen (SG) Operating Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Sweetgreen's Operating Margin came in at -21.43% as of Jun 28, 2026, down 5.76 percentage points year-over-year; for FY2025, it came in at -20.50%, down 6.36 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +43.68 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -14.14% in FY2024 (+6.81 pp), -20.95% in FY2023 (+20.18 pp), -41.13% in FY2022 (-1.58 pp) and -39.54% in FY2021 (+24.64 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q3 2024.
- On a year-over-year basis, Operating Margin rose in two of the last eight quarters, with an average year-over-year change of -3.16 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 25.41 percentage points in Q3 2023, against a drop of 11.45 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -21.26% (Q1 2026), -30.98% (Q4 2025) and -21.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 174.06 Bn | 168.88 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 112.44 Bn | 100.07 Bn | - | 10.52% |
| 3 | Yum Brands | 41.53 Bn | 38.41 Bn | 1.47 Bn | 30.20% |
| 4 | Chipotle Mexican Grill | 35.87 Bn | 31.85 Bn | - | 15.70% |
| 5 | Restaurant Brands International | 25.81 Bn | 21.37 Bn | 1.38 Bn | 28.41% |
| 6 | Darden Restaurants | 24.39 Bn | 23.48 Bn | 1.68 Bn | 9.98% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 28.41% |
| 8 | Yum China Holdings | 15.44 Bn | 9.10 Bn | 537.00 Mn | 11.09% |
| 9 | Texas Roadhouse | 10.95 Bn | 10.29 Bn | - | 8.50% |
| 10 | Sweetgreen | 1.21 Bn | 688.24 Mn | 25.18 Mn | -14.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | -14.23% |
| Mar 29, 2026 | -21.26% |
| Dec 28, 2025 | -30.98% |
| Sep 28, 2025 | -21.04% |
| Jun 29, 2025 | -14.24% |
| Mar 30, 2025 | -17.16% |
| Dec 29, 2024 | -19.53% |
| Sep 29, 2024 | -12.21% |
| Jun 30, 2024 | -8.77% |
| Mar 31, 2024 | -17.05% |
| Dec 31, 2023 | -19.14% |
| Sep 24, 2023 | -17.26% |
| Jun 25, 2023 | -20.49% |
| Mar 26, 2023 | -28.24% |
| Dec 25, 2022 | -40.24% |
| Sep 25, 2022 | -42.68% |
| Jun 26, 2022 | -34.16% |
| Mar 27, 2022 | -48.76% |
| Dec 26, 2021 | -49.55% |
| Sep 26, 2021 | -33.72% |
API Access
Sweetgreen Operating 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=operating-margin&ticker=SG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();