CMG
Chipotle Mexican Grill margins
- Stocks
- Consumer Cyclical
- NYSE: CMG
- Margins
Using the latest TTM figures, Chipotle Mexican Grill shows a gross margin of 24.1%, an operating margin of 14.7%, an EBITDA margin of 18.1%, and a net margin of 11.4%. EBITDA margin had the largest decline, contracting by 2.3 percentage points, while the other available margins also decreased.
CMG margin history
Over the last 3 years, Chipotle Mexican Grill recorded average margins of 25.98% gross, 16.24% operating, 19.98% EBITDA, and 12.87% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.
CMG margin expansion
Chipotle Mexican Grill's gross margin contracted by 1.9 percentage points, operating margin by 1.9 percentage points, EBITDA margin by 2.3 percentage points, and net margin by 1.9 percentage points, led by EBITDA margin with a decline of 2.3 percentage points.
CMG Gross margin
Over the last 3 years, Chipotle Mexican Grill's gross margin averaged 25.98%. As of the latest period, Chipotle Mexican Grill's current gross margin is 24.1%, which is 1.9 percentage points below its three-year average. During this period, gross margin reached a high of 27.1% in Jun 2024 and a low of 24.1% in Jun 2026.
CMG Operating margin
Looking at the last 3 years, Chipotle Mexican Grill had an average operating margin of 16.24%. The current operating margin stands at 14.7%, 1.5 percentage points below its three-year average. Looking back over the last 3 years, Chipotle Mexican Grill's operating margin reached 17% at its highest point in Mar 2025 and 14.7% at its lowest in Jun 2026.
CMG EBITDA margin
Across the last 3 years, Chipotle Mexican Grill's EBITDA margin came to 19.98%. The current EBITDA margin of 18.1% is 1.9 percentage points below its three-year average. EBITDA margin was highest at 20.8% in Mar 2025 and lowest at 18.1% in Jun 2026.
CMG Net margin
Chipotle Mexican Grill's net margin averaged 12.87% over the last 3 years. Chipotle Mexican Grill currently reports a net margin of 11.4%, 1.5 percentage points below its three-year average. Over the last 3 years, Chipotle Mexican Grill's net margin peaked at 13.6% in Mar 2025 and reached a low of 11.4% in Jun 2026.
CMG margin group comparison
Chipotle Mexican Grill's gross margin of 24.1% is below the Consumer Cyclical sector, the industry and its peers average. In comparison with its Consumer Cyclical sector average of 36.3%, Chipotle Mexican Grill's gross margin is 34% lower.
CMG margin peer comparison
Frequently asked questions
What is Chipotle Mexican Grill's gross margin?
The current gross margin for CMG is 24.1% as of Jun 30, 2026.
What is Chipotle Mexican Grill's operating margin?
As of Jun 30, 2026, CMG has an operating margin of 14.7%.
What is Chipotle Mexican Grill's EBITDA margin?
As of Jun 30, 2026, CMG has an EBITDA margin of 18.1%.
What is Chipotle Mexican Grill's net margin?
For the period ending Jun 30, 2026, CMG recorded a net margin of 11.4%.
What are the average margins of CMG?
Chipotle Mexican Grill's gross, operating, EBITDA, and net margins averaged 26.0% gross, 16.2% operating, 20.0% EBITDA, and 12.9% net over the last 3 years.
What are the highest historical margins of CMG?
Within the 5-year period, CMG recorded its highest margins at 27.1% gross in Jun 2024, 17% operating in Mar 2025, 20.8% EBITDA in Mar 2025, and 13.6% net in Mar 2025.
What are the lowest historical margins of CMG?
Across the 5-year period, CMG posted its lowest margins at 22.2% gross in Mar 2022, 10.7% operating in Dec 2021, 14.1% EBITDA in Dec 2021, and 8.7% net in Dec 2021.