Chipotle Mexican Grill, Inc.(CMG)Earnings, Financials & Key Ratios

CMG•NYSE

$32.71

$42.6B mkt cap·28.7× P/E·Price updated May 6, 2026

SectorConsumer Cyclical IndustryRestaurants Sub-IndustryFast-Casual Chains

AboutChipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.Show more

Revenue$11.93B+5.4%
EBITDA$2.37B+5.5%
Net Income$1.54B+0.1%
EPS (Diluted)1.14+2.7%
Gross Margin25.38%-4.9%
EBITDA Margin19.91%
Operating Margin16.88%-0.4%
Net Margin12.88%-5.0%
ROE47.36%+3.7%
ROIC15.27%-25.6%
Debt/Equity3.48+180.1%

Analysis→Technical→

CMG Key Insights

Chipotle Mexican Grill, Inc. (CMG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 46.1%
✓Strong 5Y profit CAGR of 34.0%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.8%
✓Share count reduced 2.5% through buybacks
✓Healthy 5Y average net margin of 11.6%

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Trading more than 30% below 52-week high
✗Expensive at 15.5x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CMG Price & Volume

Chipotle Mexican Grill, Inc. (CMG) stock price & volume — 10-year historical chart

Loading chart...

CMG Growth Metrics

Chipotle Mexican Grill, Inc. (CMG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.23%

5 Years14.79%

3 Years11.36%

TTM5.67%

Profit CAGR

10 Years12.44%

5 Years33.98%

3 Years19.54%

TTM-7.01%

EPS CAGR

10 Years14.28%

5 Years35.45%

3 Years21.22%

TTM-3.54%

Return on Capital

10 Years16.13%

5 Years21.84%

3 Years24.94%

Last Year25.41%

CMG Recent Earnings

Chipotle Mexican Grill, Inc. (CMG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

Apr 29, 2026

EPS

$0.24

Est $0.24

+1.1%

Revenue

$3.1B

Est $3.1B

+0.7%

Q1 2026

Feb 3, 2026

EPS

$0.25

Est $0.24

+5.0%

Revenue

$3.0B

Est $3.0B

+0.7%

Q4 2025

Oct 29, 2025

EPS

$0.29

Est $0.29

+1.5%

Revenue

$3.0B

Est $3.0B

-0.5%

Q3 2025

Jul 23, 2025

EPS

$0.33

Est $0.33

+1.2%

Revenue

$3.1B

Est $3.1B

-1.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 29, 2026	$0.24vs $0.24+1.1%	$3.1Bvs $3.1B+0.7%
Q1 2026	Feb 3, 2026	$0.25vs $0.24+5.0%	$3.0Bvs $3.0B+0.7%
Q4 2025	Oct 29, 2025	$0.29vs $0.29+1.5%	$3.0Bvs $3.0B-0.5%
Q3 2025	Jul 23, 2025	$0.33vs $0.33+1.2%	$3.1Bvs $3.1B-1.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
SFMSprouts Farmers Market, Inc.Direct Competitor	7.36B	78.26	14.74	14.08%	5.7%	36.06%	1.39
SHAKShake Shack Inc.Direct Competitor	3.89B	96.52	88.55	15.38%	3.16%	8.69%	1.63
TXRHTexas Roadhouse, Inc.Direct Competitor	10.58B	159.69	24.68	16.01%	7.49%	29.6%	0.62
CAVACAVA Group, Inc.Direct Competitor	10.39B	89.48	165.70	-12.02%	4.49%	4.88%	0.60
WINGWingstop Inc.Direct Competitor	3.96B	145.43	23.42	11.35%	15.77%
BROSDutch Bros Inc.Direct Competitor	7.5B	59.06	93.75	27.88%	4.61%	9.16%	1.21
MCDMcDonald's CorporationProduct Competitor	202.32B	284.10	24.94	1.67%	32.04%
YUMYum! Brands, Inc.Product Competitor	43.13B	156.02	28.06	8.81%	20.48%

Compare CMG vs Peers

Chipotle Mexican Grill, Inc. (CMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SFM

Most directly comparable listed peer for CMG.

Scale Benchmark

vs MCD

Larger-name benchmark to compare CMG against a more recognizable public peer.

Peer Set

Compare Top 5

vs SFM, SHAK, TXRH, CAVA

CMG Income Statement

Chipotle Mexican Grill, Inc. (CMG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	4.48B	4.86B	5.59B	5.98B	7.55B	8.63B	9.87B	11.31B	11.93B	12.14B
Revenue Growth %	14.65%	8.68%	14.83%	7.13%	26.11%	14.41%	14.33%	14.61%	5.41%	5.67%
Cost of Goods Sold	3.72B	3.95B	4.44B	4.94B	5.84B	6.57B	7.29B	8.3B	8.9B	7.75B
COGS % of Revenue	83.11%	81.27%	79.55%	82.6%	77.38%	76.12%	73.8%	73.33%	74.62%	-
Gross Profit	756.22M▲ 0%	910.99M▲ 20.5%	1.14B▲ 25.4%	1.04B▼ 8.9%	1.71B▲ 64.0%	2.06B▲ 20.8%	2.59B▲ 25.4%	3.02B▲ 16.7%	3.03B▲ 0.3%	4.39B▲ 0%
Gross Margin %	16.89%	18.73%	20.45%	17.4%	22.62%	23.88%	26.2%	26.67%	25.38%	36.13%
Gross Profit Growth %	51.79%	20.47%	25.41%	-8.88%	63.97%	20.8%	25.41%	16.69%	0.28%	-
Operating Expenses	485.42M	652.62M	698.53M	750.92M	902.07M	901.72M	1.03B	1.1B	1.01B	2.47B
OpEx % of Revenue	10.84%	13.41%	12.5%	12.55%	11.95%	10.44%	10.42%	9.73%	8.5%	-
Selling, General & Admin	296.39M	375.46M	451.55M	466.29M	606.85M	564.19M	633.58M	697.48M	652.02M	682.95M
SG&A % of Revenue	6.62%	7.72%	8.08%	7.79%	8.04%	6.53%	6.42%	6.16%	5.47%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	189.03M	277.16M	246.98M	284.63M	295.21M	337.52M	394.69M	403.88M	361.38M	4M
Operating Income	270.79M▲ 0%	258.37M▼ 4.6%	443.96M▲ 71.8%	290.16M▼ 34.6%	804.94M▲ 177.4%	1.16B▲ 44.2%	1.56B▲ 34.2%	1.92B▲ 23.0%	2.01B▲ 5.0%	1.92B▲ 0%
Operating Margin %	6.05%	5.31%	7.95%	4.85%	10.67%	13.44%	15.78%	16.94%	16.88%	15.79%
Operating Income Growth %	683.39%	-4.59%	71.83%	-34.64%	177.41%	44.16%	34.25%	23.01%	5.03%	-
EBITDA	434.14M	460.35M	656.74M	528.7M	1.06B	1.45B	1.88B	2.25B	2.37B	2.29B
EBITDA Margin %	9.7%	9.46%	11.76%	8.83%	14.04%	16.76%	19.02%	19.9%	19.91%	18.84%
EBITDA Growth %	139.94%	6.04%	42.66%	-19.5%	100.42%	36.58%	29.71%	19.93%	5.46%	-0.89%
D&A (Non-Cash Add-back)	163.35M	201.98M	212.78M	238.53M	254.66M	286.83M	319.39M	335.03M	361.38M	370.89M
EBIT	296.48M	333.55M	478.16M	336.26M	845.5M	1.21B	1.63B	1.99B	2.01B	1.92B
Net Interest Income	4.95M	10.07M	14.33M	3.62M	7.82M	21.13M	62.69M	93.9M	73.72M	51.47M
Interest Income	4.95M	10.07M	14.33M	3.62M	7.82M	21.13M	62.69M	93.9M	73.72M	51.47M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	4.95M	10.07M	14.33M	3.62M	7.82M	21.13M	62.69M	93.9M	-3.29M	-2.42M
Pretax Income	275.74M▲ 0%	268.44M▼ 2.6%	458.29M▲ 70.7%	293.78M▼ 35.9%	812.76M▲ 176.7%	1.18B▲ 45.4%	1.62B▲ 37.2%	2.01B▲ 24.0%	2.01B▼ 0.0%	1.91B▲ 0%
Pretax Margin %	6.16%	5.52%	8.2%	4.91%	10.77%	13.68%	16.42%	17.77%	16.85%	15.77%
Income Tax	99.49M	91.88M	108.13M	-61.98M	159.78M	282.43M	391.77M	476.12M	473.76M	461.83M
Effective Tax Rate %	36.08%	34.23%	23.59%	-21.1%	19.66%	23.9%	24.18%	23.68%	23.58%	24.13%
Net Income	176.25M▲ 0%	176.55M▲ 0.2%	350.16M▲ 98.3%	355.77M▲ 1.6%	652.98M▲ 83.5%	899.1M▲ 37.7%	1.23B▲ 36.7%	1.53B▲ 24.9%	1.54B▲ 0.1%	1.45B▲ 0%
Net Margin %	3.94%	3.63%	6.27%	5.94%	8.65%	10.41%	12.45%	13.56%	12.88%	11.96%
Net Income Growth %	668.39%	0.17%	98.33%	1.6%	83.54%	37.69%	36.66%	24.85%	0.11%	-7.01%
Net Income (Continuing)	176.25M	176.55M	350.16M	355.77M	652.98M	899.1M	1.23B	1.53B	1.54B	1.45B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.12▲ 0%	0.13▲ 8.3%	0.25▲ 92.3%	0.25▲ 0.0%	0.46▲ 84.0%	0.64▲ 39.1%	0.89▲ 39.1%	1.11▲ 24.7%	1.14▲ 2.7%	1.12▲ 0%
EPS Growth %	679.22%	8.33%	92.31%	0%	84%	39.13%	39.06%	24.72%	2.7%	-3.54%
EPS (Basic)	0.12	0.13	0.25	0.25	0.46	0.65	0.89	1.12	1.15	-
Diluted Shares Outstanding	1.43B	1.4B	1.41B	1.42B	1.43B	1.4B	1.39B	1.38B	1.34B	1.3B
Basic Shares Outstanding	1.42B	1.39B	1.39B	1.4B	1.41B	1.39B	1.38B	1.37B	1.34B	1.3B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CMG Balance Sheet

Chipotle Mexican Grill, Inc. (CMG) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	629.53M	814.79M	1.07B	1.42B	1.38B	1.18B	1.62B	1.78B	1.47B	1.14B
Cash & Short-Term Investments	508.95M	676.8M	880.78M	951.6M	1.08B	899.14M	1.3B	1.42B	1.05B	871.42M
Cash Only	184.57M	249.95M	480.63M	607.99M	815.37M	384M	560.61M	748.54M	350.55M	246.64M
Short-Term Investments	324.38M	426.85M	400.16M	343.62M	260.94M	515.14M	734.84M	674.38M	698.59M	624.79M
Accounts Receivable	49.81M	62.31M	108.25M	387.28M	193.66M	154.62M	168.5M	211.19M	247.86M	94.93M
Days Sales Outstanding	4.06	4.67	7.07	23.62	9.37	6.54	6.23	6.81	7.59	5.52
Inventory	19.86M	21.55M	26.1M	26.45M	32.83M	35.67M	39.31M	48.94M	49.51M	44.69M
Days Inventory Outstanding	1.95	1.99	2.14	1.95	2.05	1.98	1.97	2.15	2.03	2.13
Other Current Assets	0	0	0	0	0	0	19.79M	17.29M	120.45M	126.28M
Total Non-Current Assets	1.42B	1.45B	4.03B	4.56B	5.27B	5.75B	6.42B	7.42B	7.53B	7.67B
Property, Plant & Equipment	1.34B	1.38B	3.96B	4.35B	4.89B	5.25B	5.75B	6.39B	7.14B	7.38B
Fixed Asset Turnover	3.34x	3.53x	1.41x	1.38x	1.54x	1.64x	1.72x	1.77x	1.67x	1.72x
Goodwill	21.94M	21.94M	21.94M	21.94M	21.94M	21.94M	21.94M	21.94M	21.94M	21.94M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	102.33M	274.31M	388.06M	564.49M	868.02M	232.49M	1.35B
Other Non-Current Assets	55.85M	49.53M	46.3M	86.9M	87.57M	88.12M	88.64M	143.57M	130.78M	453.89M
Total Assets	2.05B▲ 0%	2.27B▲ 10.7%	5.1B▲ 125.3%	5.98B▲ 17.2%	6.65B▲ 11.2%	6.93B▲ 4.1%	8.04B▲ 16.1%	9.2B▲ 14.4%	8.99B▼ 2.3%	8.8B▲ 0%
Asset Turnover	2.19x	2.15x	1.09x	1.00x	1.13x	1.25x	1.23x	1.23x	1.33x	1.34x
Asset Growth %	0.97%	10.75%	125.32%	17.21%	11.2%	4.13%	16.12%	14.42%	-2.28%	1.97%
Total Current Liabilities	323.89M	449.99M	666.59M	822.2M	873.68M	921.88M	1.03B	1.17B	1.19B	1.24B
Accounts Payable	82.03M	113.07M	115.82M	121.99M	163.16M	184.57M	197.65M	210.69M	212.81M	247.29M
Days Payables Outstanding	8.05	10.44	9.51	9.01	10.2	10.25	9.9	9.27	8.73	11.02
Short-Term Debt	0	0	0	0	0	0	0	0	302.38M	310.15M
Deferred Revenue (Current)	63.65M	70.47M	95.19M	127.75M	156.35M	183.07M	209.68M	238.58M	240.38M	861.16M
Other Current Liabilities	0	4.66M	45.72M	51.21M	48.1M	0	60.69M	69.65M	182.45M	231.31M
Current Ratio	1.94x	1.81x	1.61x	1.73x	1.58x	1.28x	1.57x	1.52x	1.23x	1.23x
Quick Ratio	1.88x	1.76x	1.57x	1.70x	1.54x	1.24x	1.53x	1.48x	1.19x	1.19x
Cash Conversion Cycle	-2.04	-3.77	-0.3	16.57	1.22	-1.73	-1.7	-0.3	0.89	-3.38
Total Non-Current Liabilities	357.35M	374.19M	2.75B	3.14B	3.48B	3.64B	3.95B	4.38B	4.98B	5.16B
Long-Term Debt	0	0	0	0	0	0	0	0	4.77B	0
Capital Lease Obligations	0	0	2.68B	2.95B	3.3B	3.5B	3.8B	4.26B	4.77B	18.89B
Deferred Tax Liabilities	814K	11.57M	37.81M	149.42M	141.76M	98.62M	89.11M	46.21M	125.67M	446.01M
Other Non-Current Liabilities	356.54M	362.62M	38.8M	38.84M	38.54M	43.82M	58.87M	71.07M	-4.7B	-4.46B
Total Liabilities	681.25M	824.18M	3.42B	3.96B	4.36B	4.56B	4.98B	5.55B	6.16B	6.4B
Total Debt	0	0	2.85B	3.16B	3.52B	3.73B	4.05B	4.54B	9.85B	5.25B
Net Debt	-184.57M	-249.95M	2.37B	2.55B	2.7B	3.35B	3.49B	3.79B	9.5B	5B
Debt / Equity	-	-	1.69x	1.56x	1.53x	1.58x	1.32x	1.24x	3.48x	3.48x
Debt / EBITDA	-	-	4.34x	5.97x	3.32x	2.58x	2.16x	2.02x	4.15x	2.29x
Net Debt / EBITDA	-0.43x	-0.54x	3.61x	4.82x	2.55x	2.31x	1.86x	1.68x	4.00x	4.00x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity	1.36B▲ 0%	1.44B▲ 5.6%	1.68B▲ 16.8%	2.02B▲ 20.0%	2.3B▲ 13.7%	2.37B▲ 3.1%	3.06B▲ 29.3%	3.66B▲ 19.4%	2.83B▼ 22.6%	2.41B▲ 0%
Equity Growth %	-2.71%	5.64%	16.77%	20.03%	13.72%	3.08%	29.31%	19.38%	-22.57%	-69.39%
Book Value per Share	0.96	1.03	1.19	1.42	1.61	1.69	2.21	2.66	2.11	1.85
Total Shareholders' Equity	1.36B	1.44B	1.68B	2.02B	2.3B	2.37B	3.06B	3.66B	2.83B	2.41B
Common Stock	359K	360K	363K	367K	371K	373K	18.74M	13.59M	13.04M	12.87M
Retained Earnings	2.4B	2.57B	2.92B	3.28B	3.93B	4.83B	6.06B	1.57B	619.91M	167.67M
Treasury Stock	-2.33B	-2.5B	-2.7B	-2.8B	-3.36B	-4.28B	-4.94B	0	0	0
Accumulated OCI	-3.66M	-6.24M	-5.36M	-4.23M	-5.35M	-7.89M	-6.66M	-10.28M	-7.29M	-8.01M
Minority Interest	0	0	0	0	0	0	0	0	0	0

CMG Cash Flow Statement

Chipotle Mexican Grill, Inc. (CMG) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	467.11M	621.55M	721.63M	663.85M	1.28B	1.32B	1.78B	2.11B	2.11B	2.11B
Operating CF Margin %	10.43%	12.78%	12.92%	11.09%	16.99%	15.32%	18.07%	18.61%	17.73%	-
Operating CF Growth %	33.75%	33.06%	16.1%	-8.01%	93.13%	3.21%	34.79%	18.03%	0.42%	25.13%
Net Income	176.25M	176.55M	350.16M	355.77M	652.98M	899.1M	1.23B	1.53B	1.54B	1.45B
Depreciation & Amortization	163.35M	201.98M	376.73M	423.07M	254.66M	286.83M	319.39M	335.03M	361.38M	370.89M
Stock-Based Compensation	65.25M	69.16M	91.4M	82.63M	176.39M	98.03M	124.02M	131.73M	119.54M	84.36M
Deferred Taxes	-18.03M	10.59M	29.96M	108.35M	-12.36M	-43.2M	-9.51M	-42.94M	79.48M	119.5M
Other Non-Cash Items	13.34M	59.19M	4.84M	32.68M	12.98M	3.78M	25.52M	21.32M	11.26M	135.05M
Working Capital Changes	66.93M	104.08M	-131.46M	-338.65M	197.43M	78.64M	95.32M	125.82M	6.5M	46.41M
Change in Receivables	-140K	-8.3M	-2.63M	3.01M	-1.69M	-14.03M	-11.22M	-29.27M	-11.38M	5.22M
Change in Inventory	-5.25M	-1.72M	-4.53M	-394K	-6.39M	-3.01M	-3.65M	-9.8M	-710K	-3.5M
Change in Payables	10.91M	32.08M	-973K	-3.86M	21.44M	18.21M	5.31M	8.47M	-7.45M	2.02M
Cash from Investing	-86.58M	-387.58M	-291.97M	-432.72M	-522.04M	-830.03M	-946.01M	-837.53M	-35.08M	-49.23M
Capital Expenditures	-216.78M	-287.39M	-333.91M	-373.35M	-442.48M	-479.16M	-560.73M	-593.6M	-666.34M	-701.86M
CapEx % of Revenue	4.84%	5.91%	5.98%	6.24%	5.86%	5.55%	5.68%	5.25%	5.59%	-
Acquisitions	0	0	0	-10.03M	4.04M	350.87M	0	20.11M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	13.97M	0	0	-350.87M	0	0	0	0
Cash from Financing	-285.89M	-166.53M	-201.74M	-104.85M	-548.61M	-929.4M	-660.65M	-1.07B	-2.47B	-2.63B
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	-285.22M	-160.94M	-201.04M	-54.4M	-466.46M	-830.14M	-592.35M	-1B	-2.43B	-2.57B
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-285.22M	-160.94M	-190.62M	-54.4M	-466.46M	-830.14M	-592.35M	-1B	-2.43B	-2.57B
Other Financing	-676K	-5.6M	-698K	-50.45M	-82.14M	-99.26M	-68.3M	-72.14M	-45.38M	-59.57M
Net Change in Cash	96.69M▲ 0%	65.98M▼ 31.8%	228.33M▲ 246.0%	127.36M▼ 44.2%	210.39M▲ 65.2%	-437.26M▼ 307.8%	177.2M▲ 140.5%	192.22M▲ 8.5%	-392.47M▼ 304.2%	-478.3M▲ 0%
Free Cash Flow	250.33M▲ 0%	334.16M▲ 33.5%	387.72M▲ 16.0%	290.5M▼ 25.1%	839.61M▲ 189.0%	844.01M▲ 0.5%	1.22B▲ 44.9%	1.51B▲ 23.6%	1.45B▼ 4.2%	1.51B▲ 0%
FCF Margin %	5.59%	6.87%	6.94%	4.85%	11.12%	9.77%	12.39%	13.36%	12.14%	12.41%
FCF Growth %	176.91%	33.49%	16.03%	-25.08%	189.03%	0.53%	44.87%	23.61%	-4.23%	1.29%
FCF per Share	0.18	0.24	0.27	0.20	0.59	0.60	0.88	1.10	1.08	1.08
FCF Conversion (FCF/Net Income)	2.65x	3.52x	2.06x	1.87x	1.96x	1.47x	1.45x	1.37x	1.38x	1.04x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	119.79M	-67.05M	109.57M	85.01M	0	275.8M	400.23M	532.86M	0	310.25M

CMG Key Ratios

Chipotle Mexican Grill, Inc. (CMG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	12.74%	12.58%	22.41%	19.21%	30.25%	38.54%	45.26%	45.67%	47.36%	48.45%
Return on Invested Capital (ROIC)	16.28%	16.34%	12.7%	5.05%	12.61%	16.24%	19.05%	20.53%	15.27%	15.27%
Gross Margin	16.89%	18.73%	20.45%	17.4%	22.62%	23.88%	26.2%	26.67%	25.38%	36.13%
Net Margin	3.94%	3.63%	6.27%	5.94%	8.65%	10.41%	12.45%	13.56%	12.88%	11.96%
Debt / Equity	-	-	1.69x	1.56x	1.53x	1.58x	1.32x	1.24x	3.48x	3.48x
FCF Conversion	2.65x	3.52x	2.06x	1.87x	1.96x	1.47x	1.45x	1.37x	1.38x	1.04x
Revenue Growth	14.65%	8.68%	14.83%	7.13%	26.11%	14.41%	14.33%	14.61%	5.41%	5.67%

CMG SEC Filings & Documents

Chipotle Mexican Grill, Inc. (CMG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 29, 2026·SEC

Material company update

Apr 27, 2026·SEC

Material company update

Feb 3, 2026·SEC

10-K Annual Reports

FY 2026

Feb 4, 2026·SEC

FY 2025

Feb 5, 2025·SEC

FY 2024

Feb 8, 2024·SEC

10-Q Quarterly Reports

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 24, 2025·SEC

FY 2025

Apr 24, 2025·SEC

CMG Frequently Asked Questions

Chipotle Mexican Grill, Inc. (CMG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Chipotle Mexican Grill, Inc. (CMG) reported $12.14B in revenue for fiscal year 2025. This represents a 2479% increase from $470.7M in 2004.

Chipotle Mexican Grill, Inc. (CMG) grew revenue by 5.4% over the past year. This is steady growth.

Yes, Chipotle Mexican Grill, Inc. (CMG) is profitable, generating $1.45B in net income for fiscal year 2025 (12.9% net margin).

Dividend & Returns

Chipotle Mexican Grill, Inc. (CMG) has a return on equity (ROE) of 47.4%. This is excellent, indicating efficient use of shareholder capital.

Chipotle Mexican Grill, Inc. (CMG) generated $1.51B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CMG

Chipotle Mexican Grill, Inc. (CMG) financial analysis — history, returns, DCA and operating performance tools

Full CMG Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Chipotle Mexican Grill, Inc.(CMG)Earnings, Financials & Key Ratios

CMG Key Insights

✓Strengths

✗Weaknesses

CMG Price & Volume

CMG Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

CMG Recent Earnings

CMG Peer Comparison

Compare CMG vs Peers

vs SFM

vs MCD

Compare Top 5

CMG Income Statement

CMG Balance Sheet

CMG Cash Flow Statement

CMG Key Ratios

CMG SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

CMG Frequently Asked Questions

Explore More CMG

Full CMG Stock Analysis

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation