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Sweetgreen SG Operating margin

Operating margin at other companies

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AmazonAMZN
11.5%+0.5pp
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Chipotle Mexican GrillCMG
15.3%-1.7pp
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Shake ShackSHAK
3.8%+3.4pp
CAVA Group logo
CAVA GroupCAVA
4.7%+0.2pp
First Watch Restaurant Group, Inc. logo
First Watch Restaurant Group, Inc.FWRG
2.2%-0.5pp
BJ's Restaurants logo
BJ's RestaurantsBJRI
3%

Other financials

Income statement

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Revenue$161.5M-2.9%
Gross profit$16.2M-45.4%
Operating income-$34.3M-20.4%
Net income$125.8M+602%
EPS (diluted)$1.05+600%

Balance sheet

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Cash & equivalents$161.0M-13.7%
Total debt$356.1M+8.1%
Total equity$488.9M+13.0%
Total assets$912.7M+9.4%

Cash flow

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Operating cash flow-$17.2M-30.7%
CapEx$12.4M-25.9%
Free cash flow-$29.6M+1.0%

Valuation

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Market cap$1.06B-26.8%
Enterprise value$1.25B-21.1%
P/E63×
P/S1.6×-0.5×

Profitability

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Gross margin13.3%-6.2pp
Net margin2.5%+1.4pp
FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Where this comes from

Calculated from Sweetgreen’s reported figures.

Based on trailing twelve months.

The official record: Sweetgreen’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sweetgreen's operating margin?
Sweetgreen (SG) reported operating margin of -21.5% in Q1 2026.
How has Sweetgreen's operating margin changed year-over-year?
Sweetgreen's operating margin decreased by 51.5% year-over-year, from -14.2% to -21.5%.
What is the long-term trend for Sweetgreen's operating margin?
Over 5 years (2020 to 2025), Sweetgreen's operating margin has grown at a -20.4% compound annual growth rate (CAGR), from -64.2% to -20.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.