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Operating Margin for Chipotle Mexican Grill (CMG)

As of · Reported

Metric

TTM

15.8%

YoY change

−0.06pp

Trough year (2001)

-18.8%

Peak year (2014)

17.3%

Operating Margin history chart for Chipotle Mexican Grill (CMG) from 2001 to 2025

Latest: 16.9%

Operating Margin change chart for Chipotle Mexican Grill (CMG) from 2001 to 2025

Latest: −0.06pp

Operating Margin history table for Chipotle Mexican Grill (CMG) from 2001 to 2025

  • 202516.9%-0.06pp
  • 202416.9%+1.16pp
  • 202315.8%+2.34pp
  • 202213.4%+2.77pp
  • 202110.7%+5.82pp
  • 20204.8%-3.10pp
  • 20197.9%+2.64pp
  • 20185.3%-0.74pp
  • 20176.0%+5.16pp
  • 20160.9%-16.08pp
  • 201517.0%-0.34pp
  • 201417.3%+0.73pp
  • 201316.6%-0.12pp
  • 201216.7%+1.24pp
  • 201115.4%-0.23pp
  • 201015.7%+2.26pp
  • 200913.4%+4.10pp
  • 20089.3%-0.65pp
  • 200710.0%+2.44pp
  • 20067.5%+2.59pp
  • 20054.9%+3.64pp
  • 20041.3%+3.81pp
  • 2003-2.5%+6.10pp
  • 2002-8.6%+10.17pp
  • 2001-18.8%—

Operating Margin values are taken from Chipotle Mexican Grill's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Chipotle Mexican Grill (CMG)

According to Chipotle Mexican Grill's latest reported financial statements, the company's latest reported operating margin is 15.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Chipotle Mexican Grill (CMG) operating margin is 16.88% – contracted 0.1 percentage points year-over-year.

17.30% stands as the all-time-high annual operating margin, posted in 2014, against a low of -18.79% during 2001.

Chipotle Mexican Grill Operating Margin by Year

Chipotle Mexican Grill Operating Margin 2025: 16.9%

Chipotle Mexican Grill posted operating margin of 16.88% in 2025, contracted 0.1 percentage points from 2024.

Chipotle Mexican Grill Operating Margin 2024: 16.9%

In 2024, Chipotle Mexican Grill reported operating margin of 16.94%, expanded 1.2 percentage points from 2023.

Chipotle Mexican Grill Operating Margin 2023: 15.8%

Chipotle Mexican Grill operating margin in 2023 was 15.78%, expanded 2.3 percentage points from 2022.

Chipotle Mexican Grill Operating Margin 2022: 13.4%

2022's operating margin for Chipotle Mexican Grill came in at 13.44%, expanded 2.8 percentage points from 2021.

Chipotle Mexican Grill Operating Margin 2021: 10.7%

Chipotle Mexican Grill operating margin in 2021 was 10.67%.

See more financial history for Chipotle Mexican Grill (CMG).

Sector peers by Operating Margin

Consumer Cyclical peers of Chipotle Mexican Grill (CMG), ranked by their latest operating margin

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