Chipotle Mexican Grill annual ebitda margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Chipotle Mexican Grill EBITDA Margin Growth & History (CMG)
Chipotle Mexican Grill's ebitda margin was 19.26% for fiscal 2025.
View full Chipotle Mexican Grill company overviewChipotle Mexican Grill annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 19.26% | −0.64 pp |
| 2024 | 2024-12-31 | 19.90% | +0.88 pp |
| 2023 | 2023-12-31 | 19.02% | +2.26 pp |
| 2022 | 2022-12-31 | 16.76% | +2.72 pp |
| 2021 | 2021-12-31 | 14.04% | +5.21 pp |
| 2020 | 2020-12-31 | 8.83% | −2.92 pp |
| 2019 | 2019-12-31 | 11.76% | +2.29 pp |
| 2018 | 2018-12-31 | 9.46% | −0.24 pp |
| 2017 | 2017-12-31 | 9.70% | +5.06 pp |
| 2016 | 2016-12-31 | 4.63% | — |
Chipotle Mexican Grill quarterly ebitda margin
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.63% | −2.59 pp |
| Q1 2026 | 2026-03-31 | 15.99% | −3.71 pp |
| Q4 2025 | 2025-12-31 | 17.20% | −0.36 pp |
| Q3 2025 | 2025-09-30 | 18.90% | −1.06 pp |
| Q2 2025 | 2025-06-30 | 21.22% | −1.30 pp |
| Q1 2025 | 2025-03-31 | 19.70% | +0.29 pp |
| Q4 2024 | 2024-12-31 | 17.56% | −0.28 pp |
| Q3 2024 | 2024-09-30 | 19.96% | +0.81 pp |
| Q2 2024 | 2024-06-30 | 22.52% | +2.22 pp |
| Q1 2024 | 2024-03-31 | 19.41% | +0.66 pp |
| Q4 2023 | 2023-12-31 | 17.84% | +0.86 pp |
| Q3 2023 | 2023-09-30 | 19.15% | +0.79 pp |
| Q2 2023 | 2023-06-30 | 20.30% | +1.90 pp |
| Q1 2023 | 2023-03-31 | 18.75% | +5.79 pp |
| Q4 2022 | 2022-12-31 | 16.98% | +5.53 pp |
| Q3 2022 | 2022-09-30 | 18.36% | +2.85 pp |
| Q2 2022 | 2022-06-30 | 18.40% | +2.15 pp |
| Q1 2022 | 2022-03-31 | 12.96% | +0.07 pp |
| Q4 2021 | 2021-12-31 | 11.45% | +0.45 pp |
| Q3 2021 | 2021-09-30 | 15.51% | +5.07 pp |
| Q2 2021 | 2021-06-30 | 16.25% | +12.22 pp |
| Q1 2021 | 2021-03-31 | 12.89% | +3.72 pp |
| Q4 2020 | 2020-12-31 | 11.00% | +0.36 pp |
| Q3 2020 | 2020-09-30 | 10.45% | −1.51 pp |
| Q2 2020 | 2020-06-30 | 4.04% | −7.93 pp |
| Q1 2020 | 2020-03-31 | 9.18% | −3.35 pp |
| Q4 2019 | 2019-12-31 | 10.64% | +3.07 pp |
| Q3 2019 | 2019-09-30 | 11.96% | +2.92 pp |
| Q2 2019 | 2019-06-30 | 11.97% | +2.72 pp |
| Q1 2019 | 2019-03-31 | 12.53% | +0.36 pp |
| Q4 2018 | 2018-12-31 | 7.58% | −1.56 pp |
| Q3 2018 | 2018-09-30 | 9.03% | +2.61 pp |
| Q2 2018 | 2018-06-30 | 9.25% | −3.39 pp |
| Q1 2018 | 2018-03-31 | 12.17% | +1.65 pp |
| Q4 2017 | 2017-12-31 | 9.14% | — |
| Q3 2017 | 2017-09-30 | 6.42% | — |
| Q2 2017 | 2017-06-30 | 12.64% | — |
| Q1 2017 | 2017-03-31 | 10.52% | — |
Chipotle Mexican Grill ebitda margin trends
Over the last five fiscal years, Chipotle Mexican Grill's ebitda margin increased from 8.83% to 19.26%, a change of +10.43 percentage points. The latest reported quarter, Q2 2026, shows 18.63%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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