Sweetgreen (SG) Operating Margin (2021 - 2026)
Sweetgreen recorded quarterly Operating Margin of 21.26% in Q1 2026, up 31.37% quarter-over-quarter from 30.98% in Q4 2025, and down 410.0% year-over-year from 6.86% in Q1 2025.
Sweetgreen's Operating Margin history runs 6 years deep, the most recent figure standing at 21.26% for Q1 2026.
- In Q1 2026, Operating Margin fell 410.0% year-over-year to 21.26%; the TTM figure through Mar 2026 stood at 21.51% (down 731.0% YoY), while the FY2025 annual figure was 20.5%, down 636.0% from the prior year.
- Operating Margin came in at 21.26% for Q1 2026 at Sweetgreen, up from 30.98% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 8.77% in Q2 2024 to a low of 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.
- Across the five-year window, Operating Margin surged 2541 bps in 2023 and slumped 1145 bps in 2025, its largest moves.
- Sweetgreen's Operating Margin stood at 40.24% in 2022, then soared by 52 bps to 19.14% in 2023, then fell by 2 bps to 19.53% in 2024, then sank by 59 bps to 30.98% in 2025, then surged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.69% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 31.28% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 12.86% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 13.67% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 20.02% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 1.02% |
| 10 | Sweetgreen | 1.15 Bn | 989.50 Mn | 16.20 Mn | -21.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 27, 2021 | -28.03% |
| Mar 28, 2021 | -49.09% |