Chipotle Mexican Grill, Inc. CMG
31.33
(0.68)
(2.12%)
as of 25 Sep
- Market cap
- $40.8B
- P/E
- 28.7×
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Chipotle Mexican Grill, Inc. (CMG) Gross margin
Chipotle Mexican Grill, Inc.'s gross margin over the twelve months to 30 June 2026 was 24.1%, down 1.3 percentage points from fiscal 2025 (25.4%). Over the past ten years it has ranged from 12.8% (fiscal 2016) to 26.7% (fiscal 2024); the current reading is higher than 73% of that period. That is below the Restaurants industry median of 38.8% and below the Consumer Cyclical sector median of 35.0%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 25.4% | (1.29) |
| FY2024 | 26.7% | 0.47 |
| FY2023 | 26.2% | 2.32 |
| FY2022 | 23.9% | 1.26 |
| FY2021 | 22.6% | 5.22 |
| FY2020 | 17.4% | (3.05) |
| FY2019 | 20.5% | 1.72 |
| FY2018 | 18.7% | 1.84 |
| FY2017 | 16.9% | 4.13 |
| FY2016 | 12.8% | (13.33) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 25.2% | 1.94 |
| Mar 2026 | 23.3% | (0.14) |
| Dec 2025 | 23.4% | (1.07) |
| Sep 2025 | 24.5% | (2.87) |
| 42 more quarters | Free account |
Against its own ten years
Low 12.8%
High 26.7%
Ten-year median
22.6%
Current reading's percentile
73
Gross margin against peers
| Company | Gross margin |
|---|---|
| YUM Yum! Brands, Inc. compare | 68.1% |
| SBUX Starbucks Corporation compare | 67.7% |
| MCD McDonald's Corporation compare | 57.4% |
| QSR Restaurant Brands International Inc. compare | 48.5% |
| DPZ Domino's Pizza Inc compare | 40.0% |
| CMG Chipotle Mexican Grill, Inc. | 24.1% |
| YUMC Yum China compare | 22.0% |
| DRI Darden Restaurants, Inc. compare | 21.7% |
| TXRH Texas Roadhouse, Inc. compare | 15.7% |
| Restaurants industry median | 38.8% |
| Consumer Cyclical sector median | 35.0% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CMG
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement