Chipotle Mexican Grill, Inc. (CMG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CMG Revenue Growth
Revenue Breakdown (FY 2025)
CMG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CMG Revenue Analysis (2014–2025)
As of May 8, 2026, Chipotle Mexican Grill, Inc. (CMG) generated trailing twelve-month (TTM) revenue of $12.14 billion, reflecting solid growth of +7.4% year-over-year. The most recent quarter (Q1 2026) recorded $3.09 billion in revenue, up 3.5% sequentially.
Looking at the longer-term picture, CMG's 5-year compound annual growth rate (CAGR) stands at +14.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $11.93 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CMG's business is primarily driven by Food and Beverage (100%), and Delivery Service (0%). With over half of revenue concentrated in Food and Beverage, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including SFM (+10.2% YoY), SHAK (+16.2% YoY), and TXRH (+10.3% YoY), CMG has underperformed the peer group in terms of revenue growth. Compare CMG vs SFM →
CMG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CMGCurrent | $12.1B | +7.4% | +14.8% | 16.9% | |
 SFM | $8.8B | +10.2% | +6.4% | 7.8% | |
 SHAK | $1.4B | +16.2% | +22.6% | 5.9% | |
 TXRH | $5.9B | +10.3% | +19.6% | 8.6% | |
 CAVA | $848M | -12.0% | - | 6.5% | |
 WING | $697M | +9.0% | +22.9% | 27.6% |
CMG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.93B | +5.4% | $3.03B | 25.4% | $2.01B | 16.9% |
| 2024 | $11.31B | +14.6% | $3.02B | 26.7% | $1.92B | 16.9% |
| 2023 | $9.87B | +14.3% | $2.59B | 26.2% | $1.56B | 15.8% |
| 2022 | $8.63B | +14.4% | $2.06B | 23.9% | $1.16B | 13.4% |
| 2021 | $7.55B | +26.1% | $1.71B | 22.6% | $804.9M | 10.7% |
| 2020 | $5.98B | +7.1% | $1.04B | 17.4% | $290.2M | 4.8% |
| 2019 | $5.59B | +14.8% | $1.14B | 20.5% | $444.0M | 7.9% |
| 2018 | $4.86B | +8.7% | $911.0M | 18.7% | $258.4M | 5.3% |
| 2017 | $4.48B | +14.7% | $756.2M | 16.9% | $270.8M | 6.0% |
| 2016 | $3.90B | -13.3% | $498.2M | 12.8% | $34.6M | 0.9% |
Full CMG Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See CMG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CMG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CMG vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonCMG — Frequently Asked Questions
Quick answers to the most common questions about buying CMG stock.
Is CMG's revenue growth accelerating or slowing?
CMG maintains +7.4% revenue growth, in line with its 5-year CAGR of +14.8%. TTM revenue stands at $12.1B. Growth rate remains consistent with historical average.
What is CMG's long-term revenue growth rate?
Chipotle Mexican Grill, Inc.'s 5-year revenue CAGR of +14.8% reflects the sustained expansion pattern. Current YoY growth of +7.4% is near this long-term average.
How is CMG's revenue distributed by segment?
CMG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.