Last 48 quarters of trend data · Consumer Cyclical · Restaurants
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Chipotle Mexican Grill, Inc.'s quarterly P/E stands at 34.8x, down 22.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 24.0% YoY to 23.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 29.18 | 34.77 | 37.00 | 33.78 | 43.87 | 44.83 | 62.81 | 51.45 | 47.46 | 55.90 | 57.17 | 39.83 | 42.78 |
| — | -22.4% | -41.1% | -34.3% | -7.6% | -19.8% | +9.9% | +29.2% | +10.9% | +37.4% | +31.9% | -4.6% | +24.3% | |
| P/S Ratio | 3.63 | 3.37 | 4.09 | 4.37 | 6.19 | 5.94 | 7.25 | 7.09 | 7.28 | 7.43 | 6.28 | 5.13 | 5.90 |
| — | -43.2% | -43.6% | -38.4% | -15.0% | -20.1% | +15.6% | +38.2% | +23.4% | +48.3% | +41.4% | +8.4% | +42.2% | |
| P/B Ratio | 15.78 | 17.30 | 17.25 | 16.29 | 21.49 | 19.57 | 22.58 | 21.92 | 23.32 | 23.89 | 20.63 | 17.57 | 21.45 |
| — | -11.6% | -23.6% | -25.7% | -7.8% | -18.1% | +9.5% | +24.7% | +8.7% | +24.9% | +26.2% | -2.7% | +25.8% | |
| P/FCF | 29.93 | 22.10 | 53.46 | 32.31 | 47.30 | 41.43 | 58.31 | 66.23 | 51.26 | 45.99 | 168.85 | 36.30 | 33.32 |
| — | -46.6% | -8.3% | -51.2% | -7.7% | -9.9% | -65.5% | +82.5% | +53.8% | +29.7% | +350.0% | -26.4% | -32.3% | |
| EV / EBITDA | 22.25 | 23.62 | 27.09 | 24.11 | 29.93 | 31.09 | 43.20 | 37.21 | 33.61 | 39.91 | 37.12 | 28.58 | 30.72 |
| — | -24.0% | -37.3% | -35.2% | -10.9% | -22.1% | +16.4% | +30.2% | +9.4% | +39.5% | +30.8% | +2.7% | +25.6% | |
| EV / EBIT | 26.25 | 29.37 | 32.72 | 28.48 | 34.67 | 36.58 | 50.29 | 41.39 | 37.46 | 46.11 | 43.45 | 32.86 | 34.42 |
| — | -19.7% | -34.9% | -31.2% | -7.5% | -20.7% | +15.8% | +26.0% | +8.8% | +38.7% | +29.5% | +1.4% | +20.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Chipotle Mexican Grill, Inc.'s operating margin was 12.9% in Q1 2026, down 2.1 pp QoQ and down 4.3 pp YoY. This marks the 4th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 15.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 161.0% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.4% | 68.4% | 23.4% | 24.5% | 27.4% | 26.2% | 24.8% | 25.5% | 28.9% | 27.5% | 25.4% | 26.3% | 27.5% |
| — | +161.0% | -5.4% | -3.9% | -5.3% | -4.5% | -2.4% | -3.0% | +5.2% | +7.1% | +5.9% | +3.8% | +9.0% | |
| Operating Margin | 16.9% | 12.9% | 14.9% | 16.6% | 18.8% | 17.2% | 14.6% | 16.9% | 19.7% | 16.3% | 14.4% | 16.0% | 17.2% |
| — | -25.1% | +2.2% | -2.1% | -4.8% | +5.1% | +1.2% | +6.0% | +14.8% | +5.2% | +6.3% | +5.5% | +12.6% | |
| Net Margin | 12.9% | 9.8% | 11.1% | 12.7% | 14.2% | 13.4% | 11.7% | 13.9% | 15.3% | 13.3% | 11.2% | 12.7% | 13.6% |
| — | -27.1% | -4.9% | -8.3% | -7.1% | +1.1% | +4.0% | +9.4% | +12.8% | +8.0% | +9.3% | +9.4% | +15.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 47.4% | 11.6% | 10.9% | 11.3% | 12.4% | 10.8% | 9.1% | 10.6% | 12.9% | 11.2% | 9.5% | 11.1% | 13.0% |
| — | +6.9% | +19.8% | +7.0% | -3.6% | -3.3% | -3.8% | -4.6% | -1.1% | -7.0% | -0.5% | -3.4% | +7.4% | |
| ROA | 16.9% | 3.4% | 3.6% | 4.1% | 4.8% | 4.2% | 3.6% | 4.3% | 5.3% | 4.4% | 3.5% | 4.1% | 4.7% |
| — | -19.7% | -0.6% | -4.7% | -9.4% | -3.0% | +3.0% | +6.7% | +12.4% | +4.7% | +8.6% | +5.3% | +17.1% | |
| ROIC | 15.3% | 3.0% | 3.4% | 5.0% | 5.8% | 5.0% | 4.2% | 4.9% | 6.3% | 5.0% | 4.2% | 4.8% | 5.4% |
| — | -39.5% | -19.7% | +2.6% | -7.7% | +0.5% | -1.0% | +2.3% | +16.5% | +4.0% | +8.8% | +3.3% | +10.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Chipotle Mexican Grill, Inc.'s Debt/EBITDA ratio is 10.6x, down from 18.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 39.6% YoY to 0.92x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.48 | 2.18 | 3.48 | 1.55 | 1.35 | 1.33 | 1.24 | 1.24 | 1.15 | 1.24 | 1.32 | 1.39 | 1.41 |
| — | +64.2% | +180.1% | +24.6% | +17.5% | +7.3% | -6.1% | -10.9% | -18.0% | -18.6% | -16.0% | -13.1% | -16.5% | |
| Debt / EBITDA | 4.15 | 10.62 | 18.29 | 8.46 | 7.18 | 7.98 | 9.09 | 8.04 | 6.39 | 7.93 | 9.02 | 8.49 | 7.61 |
| — | +33.2% | +101.3% | +5.2% | +12.3% | +0.6% | +0.7% | -5.2% | -16.1% | -6.7% | -10.4% | -7.2% | -14.4% | |
| Current Ratio | 1.23 | 0.92 | 1.23 | 1.54 | 1.65 | 1.52 | 1.52 | 1.62 | 1.71 | 1.65 | 1.57 | 1.53 | 1.58 |
| — | -39.6% | -19.0% | -4.7% | -3.6% | -7.7% | -3.1% | +5.5% | +8.1% | +17.0% | +23.3% | +16.5% | +25.9% | |
| Quick Ratio | 1.19 | 0.88 | 1.19 | 1.50 | 1.62 | 1.48 | 1.48 | 1.57 | 1.68 | 1.61 | 1.53 | 1.50 | 1.55 |
| — | -40.5% | -19.5% | -4.4% | -3.8% | -7.9% | -3.4% | +4.9% | +8.4% | +17.5% | +24.1% | +17.4% | +26.6% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying CMG stock.
Chipotle Mexican Grill, Inc.'s current P/E is 29.2x. The average P/E over the last 4 quarters is 37.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Chipotle Mexican Grill, Inc.'s current operating margin is 16.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Chipotle Mexican Grill, Inc.'s business trajectory between earnings reports.