Chipotle Mexican Grill CMG
- Market cap
- $34.8B
- PE
- 25.2×
- 10y median 63.3×
- Forward PE
- 21.7×
- 10y median 49.5×
- Price to sales
- 2.8×
- EV/EBIT
- 21.6×
- Revenue, 12 months
- $12.4B
- +7% on a year ago
- Net margin
- 11.4%
- Free cash flow yield
- 4.5%
Chipotle Mexican Grill trades at 25.2× trailing earnings, cheaper than 100% of the last ten years. Revenue was $12.4B over the last twelve months, up 7% on a year earlier with a 11% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.5B+11% | $2.5B+15% | $2.7B+14% | $3B+18% | $2.8B+13% | $2.8B+13% | $2.9B+6% | $3.1B+3% | $3B+8% | $3B+5% | $3.1B+7% | $3.3B+9% | |
| Cost of revenue | $734.2M+11% | $747.2M+17% | $779.1M+13% | $873.7M+18% | $855.5M+17% | $866.3M+16% | $838.4M+8% | $886M+1% | $902.4M+6% | $900.2M+4% | $913.3M+9% | $993.6M+12% |
| Gross profit | $1.7B+12% | $1.8B+15% | $1.9B+15% | $2.1B+18% | $1.9B+12% | $2B+12% | $2B+6% | $2.2B+4% | $2.1B+8% | $2.1B+5% | $2.2B+7% | $2.4B+8% |
| SG&A | $159.5M+13% | $169.2M+25% | $204.6M+38% | $175M+12% | $126.6M−21% | $191.2M+13% | $172.8M−16% | $172.2M−2% | $146.7M+16% | $160.3M−16% | $203.7M+18% | $190.5M+11% |
| $394.9M+18% | $363.4M+23% | $441.3M+20% | $586.1M+36% | $473.3M+20% | $415.7M+14% | $479.3M+9% | $559.1M−5% | $477.2M+1% | $420.3M+1% | $397.1M−17% | $525.6M−6% | |
| Pre-tax income | $413.3M+22% | $382.4M+26% | $460.7M+22% | $607.9M+36% | $502.6M+22% | $439.1M+15% | $501.5M+9% | $577.4M−5% | $497M−1% | $433.6M−1% | $405.8M−19% | $533.3M−8% |
| $100.1M+21% | $100.3M+26% | $101.4M+19% | $152.2M+43% | $115.2M+15% | $107.3M+7% | $114.9M+13% | $141.3M−7% | $114.9M−0% | $102.7M−4% | $103M−10% | $129.7M−8% | |
| Net income | $313.2M+22% | $282.1M+26% | $359.3M+23% | $455.7M+33% | $387.4M+24% | $331.8M+18% | $386.6M+8% | $436.1M−4% | $382.1M−1% | $330.9M−0% | $302.8M−22% | $403.5M−8% |
| $0.23+25% | $0.20+25% | $0.26+24% | $0.33+32% | $0.28+22% | $0.24+20% | $0.28+8% | $0.32−3% | $0.29+4% | $0.25+4% | $0.23−18% | $0.32+0% | |
| 1.4B−1% | 1.4B−1% | 1.4B−1% | 1.4B−0% | 1.4B−1% | 1.4B−1% | 1.4B−2% | 1.4B−2% | 1.3B−3% | 1.3B−4% | 1.3B−4% | 1.3B−5% |
Gross profit: 36 periods, Q3 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 7 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 17 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.3B | $3.3B to $3.4B | $0.29 | $0.28 to $0.31 | 22 |
| Q4 FY26 | $3.3B | $3.1B to $3.3B | $0.28 | $0.26 to $0.32 | 21 |
| Q1 FY27 | $3.4B | $3.3B to $3.5B | $0.31 | $0.29 to $0.32 | 15 |
| Q2 FY27 | $3.7B | $3.6B to $3.8B | $0.38 | $0.37 to $0.39 | 9 |
| Q3 FY27 | $3.6B | $3.5B to $3.7B | $0.35 | $0.33 to $0.35 | 9 |
| Q4 FY27 | $3.6B | $3.5B to $3.7B | $0.33 | $0.31 to $0.33 | 12 |
| Q1 FY28 | $3.8B | $3.6B to $3.8B | $0.34 | $0.33 to $0.35 | 20 |
| Q2 FY28 | $4.1B | $3.9B to $4.1B | $0.44 | $0.42 to $0.45 | 10 |
Peers
Companies in Restaurants nearest Chipotle Mexican Grill's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CMGChipotle Mexican Grill | $34.8B | 25.2× | 63.3× | 21.7× | 2.8× | +7% | 11.4% |
| QSRRestaurant Brands International | $34.2B | 20.8× | 26.5× | 17.8× | 3.5× | +7% | 13.1% |
| YUMYum! Brands | $40.9B | 18.9× | 24.7× | 22.4× | 4.7× | +10% | 25.4% |
| DRIDarden Restaurants | $24B | 20.8× | 20.8× | 18.5× | 1.8× | +8% | 8.8% |
| YUMCYum China | $15.3B | 16.4× | 24.7× | n/m | 1.2× | +9% | 7.8% |
| ARMKAramark | $13.9B | 36.8× | 22.5× | n/m | 0.7× | +11% | 1.9% |
| TXRHTexas Roadhouse | $10.9B | 26.5× | 28.4× | 23.2× | 1.7× | +10% | 6.6% |
| SBUXStarbucks | $114.9B | 57.9× | 30.3× | 33.8× | 3.0× | +4% | 5.2% |
| EATBrinker International | $7.6B | 16.8× | 14.4× | n/m | 1.3× | +8% | 8.4% |
| BROSDutch Bros | $7.2B | 57.6× | 130× | n/m | 3.9× | +30% | 4.9% |
| MCDMcDonald's | $175.8B | 20.2× | 26.0× | 18.9× | 6.3× | +6% | 31.7% |
| Peer median | $19.6B | 20.8× | 25.4× | 20.6× | 2.4× | +8% | 8.1% |
Investors who own it
Investors we follow who held Chipotle Mexican Grill at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.0% of portfoliotrimmed
More on Chipotle Mexican Grill
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #2of 170Consumer cyclical stocks cheapest against their own PE history
- #1of 20Restaurant stocks cheapest against their own PE history
- #6of 39Restaurant stocks with the highest profit margins
- #8of 39Consumer cyclical stocks with the fastest expected revenue growth
Its groups
About
- Industry
- Restaurants
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .