Chipotle Mexican Grill Inc (CMG)
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. The company sells food and beverages, such as burritos, burrito bowls, quesadillas, tacos, and salads, as well as kids' meals, chips, and sides. It also offers Mexican-inspired meals using responsibly sourced meats, such as chicken, beef, and pork under the Responsibly Raised brand. In addition, the company provides digital ordering through its website, mobile app, and third-party delivery platforms. It operates in the United States, Canada, France, Germany, South Korea, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.
- Symbol
- CMG
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Market cap
- $40.84B
- 52 week range
- 28.04 - 42.82
Valuation
- Share price
- $32.32 (close of 2026-10-01)
- P/E (TTM)
- 29.33x
- Price to book
- 18.56x
- Price to free cash flow
- 26.03x
- Enterprise value
- $46.03B
- Book value per share
- $1.72
Price performance
| Period | Change |
|---|---|
| 1 day | +1.16% |
| 5 days | +0.97% |
| 1 month | -13.84% |
| 3 months | -7.66% |
| 6 months | -0.95% |
| Year to date | -12.65% |
| 1 year | -17.06% |
| 3 years | -11.79% |
| 5 years | -11.62% |
| 10 years | +281.58% |
| All time | +3572.73% |
Members of Congress who disclosed CMG trades
Byron Donalds · Gilbert Ray Cisneros · Jefferson Shreve · Cleo Fields · Julia Letlow · Lisa McClain · John Hickenlooper · Markwayne Mullin · Robert Bresnahan
Profitability and growth
- Return on equity
- 54.26%
- Return on invested capital
- 19.35%
- Return on assets
- 17.07%
- Return on capital employed
- 24.80%
- Gross margin
- 24.75%
- Net margin
- 12.88%
- EBITDA margin
- 19.26%
- Revenue growth
- 5.41%
- Net income growth
- 0.11%
- Free cash flow growth
- -4.23%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.84%
- Current ratio
- 0.72x
- Net debt to EBITDA
- 2.26x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $11.93B
- Cost of revenue
- $8.97B
- Gross profit
- $2.95B
- EBITDA
- $2.30B
- Net income
- $1.54B
- Earnings per share
- $1.15
- Shares outstanding
- 1.34B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $11.93B | $2.95B | $1.54B | $1.15 |
| 2024-12-31 | $11.31B | $2.90B | $1.53B | $1.12 |
| 2023-12-31 | $9.87B | $2.46B | $1.23B | $0.89 |
| 2022-12-31 | $8.63B | $1.98B | $899.10M | $0.65 |
| 2021-12-31 | $7.55B | $1.63B | $652.98M | $0.46 |
| 2020-12-31 | $5.98B | $979.27M | $355.77M | $0.25 |
| 2019-12-31 | $5.59B | $1.06B | $350.16M | $0.25 |
| 2018-12-31 | $4.86B | $745.52M | $176.55M | $0.13 |
| 2017-12-31 | $4.48B | $673.53M | $176.25M | $0.12 |
| 2016-12-31 | $3.90B | $413.78M | $22.94M | $0.02 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 24.75% | 12.88% | 54.26% | 19.35% |
| 2024-12-31 | 25.63% | 13.56% | 41.97% | 19.34% |
| 2023-12-31 | 24.87% | 12.45% | 40.13% | 17.79% |
| 2022-12-31 | 22.88% | 10.41% | 37.97% | 15.36% |
| 2021-12-31 | 21.65% | 8.65% | 28.42% | 12.89% |
| 2020-12-31 | 16.36% | 5.94% | 17.61% | 6.35% |
| 2019-12-31 | 19.05% | 6.27% | 20.81% | 8.28% |
| 2018-12-31 | 15.32% | 3.63% | 12.25% | 21.69% |
| 2017-12-31 | 15.05% | 3.94% | 12.92% | 14.50% |
| 2016-12-31 | 10.60% | 0.59% | 1.64% | 1.43% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $350.55M |
| 2024-12-31 | $748.54M |
| 2023-12-31 | $560.61M |
| 2022-12-31 | $384.00M |
| 2021-12-31 | $815.37M |
| 2020-12-31 | $607.99M |
| 2019-12-31 | $480.63M |
| 2018-12-31 | $249.95M |
| 2017-12-31 | $184.57M |
| 2016-12-31 | $87.88M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.45B | $119.54M |
| 2024-12-31 | $1.51B | $131.73M |
| 2023-12-31 | $1.22B | $124.02M |
| 2022-12-31 | $844.01M | $98.03M |
| 2021-12-31 | $839.61M | $176.39M |
| 2020-12-31 | $290.50M | $82.63M |
| 2019-12-31 | $387.72M | $91.40M |
| 2018-12-31 | $334.16M | $69.16M |
| 2017-12-31 | $251.44M | $65.25M |
| 2016-12-31 | $96.32M | $64.17M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $0.29
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-29 | Jun/2026 | $0.32 |
| 2026-04-29 | - | - |
| 2026-02-03 | - | - |
| 2025-10-29 | - | - |
| 2025-07-23 | - | - |
| 2025-07-22 | - | - |
| 2025-04-23 | - | - |
| 2025-04-22 | - | - |
Filings and sources
- Company website
- chipotle.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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