As of Q4'25, Chipotle Mexican Grill (CMG) reported a Gross Margin of 20.3%, an Operating Margin of 14.8%, and a Net Profit Margin of 11.1%. These figures represent the latest available data points, marking a decline across all margin categories compared to the previous quarter. Analyzing the period from Q1'23 to Q4'25, the chart reveals moderate volatility in all three margin metrics, with notable peaks in Q2'24—Gross Margin at 28.9%, Operating Margin at 19.7%, and Net Profit Margin at 15.3%. However, after these highs, margins trended downward, particularly in the latter half of 2025, indicating potential cost pressures or revenue challenges. Overall, while CMG experienced periods of margin expansion, the most recent quarters suggest a contraction in profitability.