Sweetgreen (SG) Operating Margin (2021 - 2026)
Sweetgreen (SG) posted Operating Margin of 21.26% for Q1 2026, up 31.37% sequentially from 30.98% in Q4 2025, and down 410.0% YoY from 6.86% in Q1 2025.
Sweetgreen (SG) Operating Margin (2021 - 2026) Analysis & Trends
Sweetgreen has reported Operating Margin for 6 years, with the latest figure at 21.26% in Q1 2026.
- Quarterly Operating Margin fell 410.0% year-over-year to 21.26% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.51% (down 731.0% YoY) and the FY2025 annual result came in at 20.5%, down 636.0% from the prior year.
- Operating Margin grew to 21.26% in Q1 2026 per SG's latest filing, from 30.98% in the prior quarter.
- Over five years, Operating Margin peaked at 8.77% in Q2 2024 and troughed at 48.76% in Q1 2022.
- A 5-year average of 24.31% and a median of 20.49% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2025: Operating Margin soared 2541 bps in 2023, then tumbled 1145 bps in 2025.
- Over 5 years, Operating Margin stood at 40.24% in 2022, then jumped by 52 bps to 19.14% in 2023, then retreated by 2 bps to 19.53% in 2024, then slumped by 59 bps to 30.98% in 2025, then soared by 31 bps to 21.26% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 21.26%, 30.98%, and 21.04% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 10.52% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 15.70% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 30.20% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 28.41% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 13.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 28.41% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 11.09% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 8.50% |
| 10 | Sweetgreen | 747.53 Mn | 604.90 Mn | 25.18 Mn | -14.23% |
Historic Data
Download 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% |