What is the current annual gross margin of CMG?

As of today, CMG annual gross margin is 22.35%

What is 1-year change in CMG annual gross margin?

CMG annual gross margin is down -5.74% year-over-year

What is 3-year change in CMG annual gross margin?

CMG annual gross margin is up +8.71% over the past 3 years

How far is CMG annual gross margin from its all-time high?

CMG annual gross margin is currently -8.85% below its historical high of 24.52% set on December 31, 2014

How does CMG annual gross margin rank versus sector peers?

CMG annual gross margin is higher than 37.66% of companies in Consumer Cyclical sector

When is CMG next annual earnings release?

The next annual earnings release for CMG is on February 9, 2027

What is the current quarterly gross margin of CMG?

As of today, CMG quarterly gross margin is 20.21%

What is CMG quarterly gross margin most recent change?

CMG quarterly gross margin was down -9.33% on September 30, 2026

What is 1-year change in CMG quarterly gross margin?

CMG quarterly gross margin is down -5.91% year-over-year

How far is CMG quarterly gross margin from its all-time high?

CMG quarterly gross margin is currently -22.86% below its historical high of 26.20% set on September 30, 2014

How does CMG quarterly gross margin rank versus sector peers?

CMG quarterly gross margin is higher than 31.60% of companies in Consumer Cyclical sector

When is CMG next earnings release?

The next earnings release for CMG is on February 9, 2027

CMG Gross Margin History & Chart Since 2002

Annual Gross Margin

22.35%1.36%-5.74%

December 31, 2025

Summary

Current Value: As of today, CMG annual gross margin is 22.35%, down -5.74% on December 31, 2025
Historical Performance: CMG annual gross margin is up +8.71% over the past 3 years, up +66.67% over the past 5 years
All-Time High Comparison: CMG annual gross margin is currently -8.85% below its historical high of 24.52% set on December 31, 2014
3-Year Low Comparison: CMG annual gross margin is +8.71% above its 3-year low of 20.56% reached on an earlier date
Sector Comparison: CMG annual gross margin is higher than 37.66% of companies in Consumer Cyclical sector

Gross Margin Chart

beforeafter

Performance

CMG Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	22.35%	-5.7%	+8.7%	+66.7%	-2.4%
Quarterly Gross Margin	Sep 30, 26	20.21%	-5.9%	-12.6%	-0.4%	-13.9%
Price	Nov 6, 26	$34.69	+13.5%	-16.2%	-3.4%	+411.6%
PE Ratio	Nov 6, 26	32.51	+20.7%	-33.8%	-54.9%	-38.4%
Annual Revenue	Dec 31, 25	$11.93B	+5.4%	+38.1%	+99.3%	+549.6%
Annual Gross Profit	Dec 31, 25	$2.66B	-0.7%	+50.1%	+232.1%	+533.8%
Annual Operating Margin	Dec 31, 25	16.84%	-3.9%	+18.9%	+169.0%	+5.1%
Annual Net Margin	Dec 31, 25	12.88%	-5.0%	+23.7%	+116.8%	+32.1%

Gross Margin Highs

CMG Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	23.71%	Dec 31, 24	-5.7%
5Y	23.71%	Dec 31, 24	-5.7%
All	24.52%	Dec 31, 14	-8.8%

Gross Margin Lows

CMG Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	20.56%	N/A	+8.7%
5Y	13.41%	N/A	+66.7%
All	5.22%	Dec 31, 02	+328.2%

Gross Margin History

Year	Value	Change
2025	22.35%	-5.7%
2024	23.71%	+3.3%
2023	22.96%	+11.7%
2022	20.56%	+6.9%
2021	19.24%	+43.5%
2020	13.41%	-19.4%
2019	16.64%	+14.2%
2018	14.57%	+10.0%
2017	13.24%	+46.9%
2016	9.01%	-61.1%
2015	23.19%	-5.4%
2014	24.52%	+3.9%

Year	Value	Change
2013	23.60%	-1.8%
2012	24.03%	+6.0%
2011	22.66%	-1.0%
2010	22.90%	+9.6%
2009	20.89%	+18.8%
2008	17.58%	-4.1%
2007	18.33%	+9.3%
2006	16.77%	+19.5%
2005	14.03%	+20.5%
2004	11.64%	+13.3%
2003	10.27%	+96.7%
2002	5.22%	-

FAQ

What is the current annual gross margin of CMG?: As of today, CMG annual gross margin is 22.35%
What is 1-year change in CMG annual gross margin?: CMG annual gross margin is down -5.74% year-over-year
What is 3-year change in CMG annual gross margin?: CMG annual gross margin is up +8.71% over the past 3 years
How far is CMG annual gross margin from its all-time high?: CMG annual gross margin is currently -8.85% below its historical high of 24.52% set on December 31, 2014
How does CMG annual gross margin rank versus sector peers?: CMG annual gross margin is higher than 37.66% of companies in Consumer Cyclical sector
When is CMG next annual earnings release?: The next annual earnings release for CMG is on February 9, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

20.21%2.08%-9.33%

September 30, 2026

Summary

Current Value: As of today, CMG quarterly gross margin is 20.21%, down -9.33% on September 30, 2026
Historical Performance: CMG quarterly gross margin is down -5.91% year-over-year, down -12.55% over the past 3 years
All-Time High Comparison: CMG quarterly gross margin is currently -22.86% below its historical high of 26.20% set on September 30, 2014
3-Year Low Comparison: CMG quarterly gross margin is +0.30% above its 3-year low of 20.15% reached on March 31, 2026
Sector Comparison: CMG quarterly gross margin is higher than 31.60% of companies in Consumer Cyclical sector

Performance

CMG Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	20.21%	-9.3%	-5.9%	-12.6%	-0.4%
Annual Gross Margin	Dec 31, 25	22.35%	–	-5.7%	+8.7%	+66.7%
Price	Nov 6, 26	$34.69	+2.9%	+13.5%	-16.2%	-3.4%
PE Ratio	Nov 6, 26	32.51	+4.5%	+20.7%	-33.8%	-54.9%
Quarterly Revenue	Sep 30, 26	$3.29B	-1.6%	+9.7%	+33.2%	+68.7%
Quarterly Gross Profit	Sep 30, 26	$665.55M	-10.8%	+3.2%	+16.5%	+68.0%
Quarterly Operating Margin	Sep 30, 26	14.59%	-12.1%	-12.1%	-12.4%	+13.8%
Quarterly Net Margin	Sep 30, 26	10.32%	-14.4%	-18.9%	-18.6%	-1.4%

Quarterly Gross Margin Highs

CMG Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	22.29%	Jun 30, 26	-9.3%
3Y	26.10%	Jun 30, 24	-22.6%
5Y	26.10%	Jun 30, 24	-22.6%
All	26.20%	Sep 30, 14	-22.9%

Quarterly Gross Margin Lows

CMG Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	20.15%	Mar 31, 26	+0.3%
3Y	20.15%	Mar 31, 26	+0.3%
5Y	16.82%	Dec 31, 21	+20.1%
All	2.64%	Mar 31, 16	+665.5%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	20.21%	-9.3%
Jun 2026	22.29%	+10.6%
Mar 2026	20.15%	-0.8%
Dec 2025	20.31%	-5.4%
Sep 2025	21.48%	-11.9%
Jun 2025	24.39%	+5.2%
Mar 2025	23.18%	+6.3%
Dec 2024	21.80%	-3.0%
Sep 2024	22.47%	-13.9%
Jun 2024	26.10%	+7.1%
Mar 2024	24.38%	+11.0%
Dec 2023	21.97%	-4.9%
Sep 2023	23.11%	-5.1%
Jun 2023	24.34%	+8.7%
Mar 2023	22.40%	+8.9%
Dec 2022	20.57%	-7.0%
Sep 2022	22.12%	+0.3%
Jun 2022	22.06%	+28.3%
Mar 2022	17.19%	+2.2%
Dec 2021	16.82%	-17.1%
Sep 2021	20.29%	-4.2%
Jun 2021	21.18%	+13.3%
Mar 2021	18.70%	+18.7%
Dec 2020	15.75%	+0.1%
Sep 2020	15.74%	+101.3%
Jun 2020	7.82%	-42.1%
Mar 2020	13.50%	-12.2%
Dec 2019	15.37%	-10.0%
Sep 2019	17.08%	-1.2%
Jun 2019	17.29%	+2.5%
Mar 2019	16.87%	+33.3%
Dec 2018	12.66%	-12.0%
Sep 2018	14.38%	-9.2%
Jun 2018	15.83%	+2.5%
Mar 2018	15.45%	+38.7%
Dec 2017	11.14%	-9.9%
Sep 2017	12.37%	-19.3%
Jun 2017	15.33%	+9.0%
Mar 2017	14.07%	+43.3%
Dec 2016	9.82%	-6.8%
Sep 2016	10.54%	-11.6%
Jun 2016	11.92%	+351.5%
Mar 2016	2.64%	-83.7%
Dec 2015	16.18%	-36.8%
Sep 2015	25.59%	+1.3%

Month	Value	Change
Jun 2015	25.27%	+2.5%
Mar 2015	24.65%	+3.4%
Dec 2014	23.85%	-9.0%
Sep 2014	26.20%	+5.9%
Jun 2014	24.73%	+7.3%
Mar 2014	23.05%	+1.7%
Dec 2013	22.67%	-4.8%
Sep 2013	23.81%	-3.7%
Jun 2013	24.73%	+6.7%
Mar 2013	23.18%	+8.3%
Dec 2012	21.40%	-12.0%
Sep 2012	24.33%	-7.1%
Jun 2012	26.18%	+8.0%
Mar 2012	24.24%	+6.0%
Dec 2011	22.87%	-2.6%
Sep 2011	23.48%	+4.2%
Jun 2011	22.54%	+4.4%
Mar 2011	21.59%	-2.9%
Dec 2010	22.24%	-7.4%
Sep 2010	24.02%	+3.5%
Jun 2010	23.21%	+5.4%
Mar 2010	22.03%	+8.0%
Dec 2009	20.40%	-5.2%
Sep 2009	21.53%	-2.7%
Jun 2009	22.13%	+14.2%
Mar 2009	19.37%	+13.8%
Dec 2008	17.02%	-1.7%
Sep 2008	17.32%	-7.4%
Jun 2008	18.71%	+8.5%
Mar 2008	17.24%	-4.6%
Dec 2007	18.07%	-5.6%
Sep 2007	19.14%	-1.3%
Jun 2007	19.39%	+18.1%
Mar 2007	16.42%	+1.9%
Dec 2006	16.11%	-7.4%
Sep 2006	17.39%	-1.4%
Jun 2006	17.63%	+10.9%
Mar 2006	15.90%	+12.4%
Dec 2005	14.15%	+2.0%
Sep 2005	13.87%	-10.8%
Jun 2005	15.55%	+26.7%
Mar 2005	12.27%	+21.8%
Dec 2004	10.07%	-19.7%
Sep 2004	12.54%	-

FAQ

What is the current quarterly gross margin of CMG?: As of today, CMG quarterly gross margin is 20.21%
What is CMG quarterly gross margin most recent change?: CMG quarterly gross margin was down -9.33% on September 30, 2026
What is 1-year change in CMG quarterly gross margin?: CMG quarterly gross margin is down -5.91% year-over-year
How far is CMG quarterly gross margin from its all-time high?: CMG quarterly gross margin is currently -22.86% below its historical high of 26.20% set on September 30, 2014
How does CMG quarterly gross margin rank versus sector peers?: CMG quarterly gross margin is higher than 31.60% of companies in Consumer Cyclical sector
When is CMG next earnings release?: The next earnings release for CMG is on February 9, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

CMG Official Website www.chipotle.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1058090/000105809026000009/0001058090-26-000009-index.htm
CMG Profile on Yahoo Finance finance.yahoo.com/quote/CMG
CMG Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cmg