Chipotle Mexican Grill
CMG NYSE· Restaurants
Last close · Oct 26, 2026
$28.41
KIRA · Stoqly’s AI analyst, in plain words
- Chipotle Mexican Grill had $11.9B of revenue in fiscal 2025, up 5.4% on the year before. Over five years, revenue changed +14.8% a year on average.
- Its operating margin was 16.2%, down 0.7 pts: of every 100 in sales, about 16 is left after running the business.
- Chipotle Mexican Grill made $1.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 56.7% a year.
- Free cash flow was $1.4B in fiscal 2025, 12.1% of revenue.
- Chipotle Mexican Grill returned $2.4B to shareholders in fiscal 2025, 168% of free cash flow. The diluted share count fell 2.5%.
- Chipotle Mexican Grill has $1.0B more cash than debt.
Market cap
$36.3B
P/E
26.1x
Revenue
$11.9B
Net income
$1.5B
Free cash flow
$1.4B
Operating margin
16.2%
Chipotle Mexican Grill in 30 seconds · fiscal 2025
Are sales growing?
+5.4%
Yes. Sales grew 5.4% last year.
Does it make a profit?
12.9%
Yes. It keeps 12.9% of every sale as profit.
Does profit turn into cash?
12.1%
Yes. 12.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
26.1x
One share costs 26.1 times its yearly profit per share. Typical for its sector: 17.7x.
What Chipotle Mexican Grill does
Chipotle owns and operates Chipotle Mexican Grill restaurants, which serve burritos, burrito bowls (a burrito without the tortilla), quesadillas, tacos and salads. It says it serves food made without artificial colors, flavors or preservatives, and it brands its meats as "Responsibly Raised." As of December 31, 2025, it owned 3,938 restaurants in the United States and 104 international restaurants, and there were 14 international restaurants run by partners. Its first restaurant opened in Denver, Colorado in 1993. Chipotle's revenue comes from sales by its restaurants, and it reports one segment. Digital orders, placed through its website, its app or third-party delivery services, made up 36.7% of food and beverage revenue in 2025. It is building more Chipotlanes, drive-through lanes where guests pick up digital orders.
Biggest risks, in its own words
- Food safety problems and food-borne illness that could hurt its brand, cut sales and raise costs.
- Failing to hire, train and keep enough qualified restaurant workers, and rising labor costs such as minimum wage increases.
- Rising costs of ingredients, or shortages and interruptions in their supply.
- Missing its goals for opening new restaurants, or its supply chain not growing fast enough to support them.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 4, 2026
- Legal name
- CHIPOTLE MEXICAN GRILL, INC.
- CIK
- 0001058090
Chipotle Mexican Grill · CMG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $7.5B | $8.6B | $9.9B | $11.3B | $11.9B |
| Revenue growth | 26.1% | 14.4% | 14.3% | 14.6% | 5.4% |
| Operating margin | 10.7% | 13.4% | 15.8% | 16.9% | 16.2% |
| Net income | $653M | $899M | $1.2B | $1.5B | $1.5B |
| Net margin | 8.7% | 10.4% | 12.5% | 13.6% | 12.9% |
| Diluted EPS | $0.46 | $0.64 | $0.89 | $1.11 | $1.14 |
| Cash | |||||
| Cash from operations | $1.3B | $1.3B | $1.8B | $2.1B | $2.1B |
| Capital expenditure | $443M | $479M | $561M | $594M | $666M |
| Free cash flow | $840M | $844M | $1.2B | $1.5B | $1.4B |
| FCF margin | 11.1% | 9.8% | 12.4% | 13.4% | 12.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $467M | $830M | $592M | $1.0B | $2.4B |
| Share count change | 0.3% | −1.6% | −1.3% | −0.7% | −2.5% |
| Debt and strength | |||||
| Cash and short-term investments | $1.1B | $899M | $1.3B | $1.4B | $1.0B |
| Debt incl. finance leases | $1.5M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.3B | $2.4B | $3.1B | $3.7B | $2.8B |
| Net debt / EBITDA | −1.0x | −0.6x | −0.7x | −0.6x | −0.5x |
| Current ratio | 1.6x | 1.3x | 1.6x | 1.5x | 1.2x |
| Returns and quality | |||||
| Return on capital | 56.4% | 65.6% | 73.0% | 73.1% | 73.7% |
| Return on equity | 30.3% | 38.5% | 45.3% | 45.7% | 47.4% |
| Piotroski F-score | 5 | 6 | 7 | 5 | 4 |
| Altman Z'' | 3.8 | 4.2 | 4.9 | 3.1 | 2.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$7.2M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Chipotle Mexican Grill · CMG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Chipotle Mexican Grill CMG | $36.3B | 5.4% | 16.2% | 12.1% | 73.7% | 26.1x | 4 |
| Yum China YUMC | $15.9B | 4.4% | 10.9% | 7.1% | — | 16.7x | — |
| Darden Restaurants DRI | $24.4B | 9.4% | 12.0% | 8.5% | 24.8% | 20.8x | 6 |
| Restaurant Brands Internatio... QSR | $34.3B | 12.2% | 23.3% | 15.4% | 9.0% | 20.0x | 6 |
| Yum! Brands YUM | $41.4B | 8.8% | 31.3% | 20.0% | 54.8% | 18.8x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $28.41 a share, the company is worth $36.3B: 26.1 times its earnings of the last four quarters.
Chipotle Mexican Grill grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 4 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001058090). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.