Superworth

Chipotle Mexican Grill CMG

Restaurants, Consumer Cyclical
$27.52
−2.20%
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 for CMG, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$3.3B$3.3B to $3.4B$0.29$0.28 to $0.3122
Q4 FY26$3.3B$3.1B to $3.3B$0.28$0.26 to $0.3221
Q1 FY27$3.4B$3.3B to $3.5B$0.31$0.29 to $0.3215
Q2 FY27$3.7B$3.6B to $3.8B$0.38$0.37 to $0.399
Q3 FY27$3.6B$3.5B to $3.7B$0.35$0.33 to $0.359
Q4 FY27$3.6B$3.5B to $3.7B$0.33$0.31 to $0.3312
Q1 FY28$3.8B$3.6B to $3.8B$0.34$0.33 to $0.3520
Q2 FY28$4.1B$3.9B to $4.1B$0.44$0.42 to $0.4510

Peers

Companies in Restaurants nearest Chipotle Mexican Grill's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
CMGChipotle Mexican Grill$34.8B25.2×63.3×21.7×2.8×+7%11.4%
QSRRestaurant Brands International$34.2B20.8×26.5×17.8×3.5×+7%13.1%
YUMYum! Brands$40.9B18.9×24.7×22.4×4.7×+10%25.4%
DRIDarden Restaurants$24B20.8×20.8×18.5×1.8×+8%8.8%
YUMCYum China$15.3B16.4×24.7×n/m1.2×+9%7.8%
ARMKAramark$13.9B36.8×22.5×n/m0.7×+11%1.9%
TXRHTexas Roadhouse$10.9B26.5×28.4×23.2×1.7×+10%6.6%
SBUXStarbucks$114.9B57.9×30.3×33.8×3.0×+4%5.2%
EATBrinker International$7.6B16.8×14.4×n/m1.3×+8%8.4%
BROSDutch Bros$7.2B57.6×130×n/m3.9×+30%4.9%
MCDMcDonald's$175.8B20.2×26.0×18.9×6.3×+6%31.7%
Peer median$19.6B20.8×25.4×20.6×2.4×+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.

More on Chipotle Mexican Grill

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About

Industry
Restaurants
Sector
Consumer Cyclical

Valuation data, not investment advice. Prices as of .