SuperworthChipotle Mexican Grill profit margin CMG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 11.4%
- Operating margin, 12 months
- 14.7%
- Net margin on a year earlier
- −1.9 pts
- Peer median
- 8.1%
Over the twelve months to Jun 30, 2026, Chipotle Mexican Grill kept 11.4% of its revenue as net profit, with an operating margin of 14.7% and a gross margin of 70.1%.
Five years earlier its net margin was 8.6%.
The median for 10 restaurant stocks of a similar size is 8.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.9% | 16.2% | 70.4% |
| FY2024 | 13.6% | 16.9% | 70.2% |
| FY2023 | 12.4% | 15.8% | 70.5% |
| FY2022 | 10.4% | 13.4% | 69.9% |
| FY2021 | 8.7% | 10.7% | 69.4% |
| FY2020 | 5.9% | 4.8% | 67.7% |
| FY2019 | 6.3% | 7.9% | 66.9% |
| FY2018 | 3.6% | 5.3% | 67.1% |
| FY2017 | 3.9% | 6.0% | n/a |
| FY2016 | 0.6% | 0.9% | n/a |
| FY2015 | 10.6% | 17.0% | n/a |
| FY2014 | 10.8% | 17.3% | n/a |
| FY2013 | 10.2% | 16.6% | n/a |
| FY2012 | 10.2% | 16.7% | n/a |
| FY2011 | 9.5% | 15.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 11.4% | −1.9 pts | 14.7% | |
| Q1 FY26 | 12.0% | −1.6 pts | 15.3% | |
| Q4 FY25 | 12.9% | −0.7 pts | 16.2% | |
| Q3 FY25 | 13.0% | −0.5 pts | 16.4% | |
| Q2 FY25 | 13.3% | +0.1 pts | 16.6% | |
| Q1 FY25 | 13.6% | +0.9 pts | 17.0% | |
| Q4 FY24 | 13.6% | +1.1 pts | 16.9% | |
| Q3 FY24 | 13.5% | +1.2 pts | 17.0% | |
| Q2 FY24 | 13.2% | +1.2 pts | 16.7% | |
| Q1 FY24 | 12.7% | +1.2 pts | 16.0% | |
| Q4 FY23 | 12.4% | +2.0 pts | 15.8% | |
| Q3 FY23 | 12.3% | +2.7 pts | 15.6% |
Against its peers
Companies in Restaurants nearest Chipotle Mexican Grill's size, closest first, today.
| Company | Profit margin |
|---|---|
| CMGChipotle Mexican Grill | 11.4% |
| QSRRestaurant Brands International | 13.1% |
| YUMYum! Brands | 25.4% |
| DRIDarden Restaurants | 8.8% |
| YUMCYum China | 7.8% |
| ARMKAramark | 1.9% |
| TXRHTexas Roadhouse | 6.6% |
| SBUXStarbucks | 5.2% |
| EATBrinker International | 8.4% |
| BROSDutch Bros | 4.9% |
| MCDMcDonald's | 31.7% |
| Peer median | 8.1% |
Where Chipotle Mexican Grill ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Chipotle Mexican Grill
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.