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Chipotle Mexican Grill, Inc. logo

Chipotle Mexican Grill, Inc.

CMG

NYSEConsumer CyclicalRestaurants

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Latest quote

$36.90

+$1.61 · +4.56%

CMG company overview

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

62

Undervalued

Momentum

48

Neutral

Sentiment

71

Bullish

Risk resilience

53

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Chipotle Mexican Grill, Inc., along with its affiliated companies, oversees the ownership and daily running of Chipotle Mexican Grill eateries. By February 15, 2022, its global presence included roughly 3,000 restaurant locations spread across the United States, Canada, the United Kingdom, France, Germany, and other parts of Europe. The company was established in 1993 and maintains its principal office in Newport Beach, California.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
US
CEO
Scott Boatwright
Listed since
Jan 26, 2006
Employees
130,301

Market position

Volume
20.41M
1.07× average
Average volume
19.13M
Average daily volume
Market cap
47.33B USD
Beta
0.94
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
58.98B USD
P/E (TTM)
33.85×
P/B (TTM)
21.6×
P/S (TTM)
3.81×
EV / EBITDA
24.84×
Earnings yield
3.10%
Free cash flow yield
2.93%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.13%
Operating margin
15.20%
Net margin
11.42%
Return on equity
54.26%
Return on assets
17.07%
Return on invested capital
18.97%

Financial health

Debt / equity
2.46×
Current ratio
1.23×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%21%14%7%Gross margin, FY2021: 22.62%Gross margin, FY2022: 23.88%Gross margin, FY2023: 26.20%Gross margin, FY2024: 26.67%Gross margin, FY2025: 25.38%Operating margin, FY2021: 10.67%Operating margin, FY2022: 13.44%Operating margin, FY2023: 15.78%Operating margin, FY2024: 16.94%Operating margin, FY2025: 16.88%Net margin, FY2021: 8.65%Net margin, FY2022: 10.41%Net margin, FY2023: 12.45%Net margin, FY2024: 13.56%Net margin, FY2025: 12.88%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.62%. Gross margin FY2022 23.88%. Gross margin FY2023 26.20%. Gross margin FY2024 26.67%. Gross margin FY2025 25.38%. Operating margin FY2021 10.67%. Operating margin FY2022 13.44%. Operating margin FY2023 15.78%. Operating margin FY2024 16.94%. Operating margin FY2025 16.88%. Net margin FY2021 8.65%. Net margin FY2022 10.41%. Net margin FY2023 12.45%. Net margin FY2024 13.56%. Net margin FY2025 12.88%.

Income trends

Revenue

11.93B USD+5.41%

Operating income

2.01B USD+5.03%

Net income

1.54B USD+0.11%
Income trends across reported periods13.05B USD8.54B USD4.03B USD−474.28M USDRevenue, FY2021: 7.55B USDRevenue, FY2022: 8.63B USDRevenue, FY2023: 9.87B USDRevenue, FY2024: 11.31B USDRevenue, FY2025: 11.93B USDOperating income, FY2021: 804.94M USDOperating income, FY2022: 1.16B USDOperating income, FY2023: 1.56B USDOperating income, FY2024: 1.92B USDOperating income, FY2025: 2.01B USDNet income, FY2021: 652.98M USDNet income, FY2022: 899.1M USDNet income, FY2023: 1.23B USDNet income, FY2024: 1.53B USDNet income, FY2025: 1.54B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.55B USD. Revenue FY2022 8.63B USD. Revenue FY2023 9.87B USD. Revenue FY2024 11.31B USD. Revenue FY2025 11.93B USD. Operating income FY2021 804.94M USD. Operating income FY2022 1.16B USD. Operating income FY2023 1.56B USD. Operating income FY2024 1.92B USD. Operating income FY2025 2.01B USD. Net income FY2021 652.98M USD. Net income FY2022 899.1M USD. Net income FY2023 1.23B USD. Net income FY2024 1.53B USD. Net income FY2025 1.54B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.93B USD11.31B USD9.87B USD8.63B USD7.55B USD
Cost of goods sold8.9B USD8.3B USD7.29B USD6.57B USD5.84B USD
Gross profit3.03B USD3.02B USD2.59B USD2.06B USD1.71B USD
Selling, general, and administrative652.02M USD697.48M USD633.58M USD564.19M USD606.85M USD
Operating expenses1.01B USD1.1B USD1.03B USD901.72M USD902.07M USD
Interest income73.72M USD93.9M USD62.69M USD21.13M USD7.82M USD
Depreciation and amortization361.38M USD335.03M USD319.39M USD286.83M USD254.66M USD
Operating income2.01B USD1.92B USD1.56B USD1.16B USD804.94M USD
Net income1.54B USD1.53B USD1.23B USD899.1M USD652.98M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+5.59%
11 comparable reports
Latest EPS result
0.33
Estimate 0.32 · Beat by 3.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.370.310.260.2Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 0.25, estimate 0.24, surprise +4.17%, Beat. Q2 2025, reported Apr 23, 2025: actual 0.29, estimate 0.277, surprise +4.69%, Beat. Q3 2025, reported Jul 23, 2025: actual 0.33, estimate 0.326, surprise +1.23%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.29, estimate 0.286, surprise +1.51%, Beat. Q1 2026, reported Feb 3, 2026: actual 0.25, estimate 0.238, surprise +5.00%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.24, estimate 0.238, surprise +1.05%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.33, estimate 0.319, surprise +3.55%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.29, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.48B3.23B2.97B2.71BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 2.85B USD, estimate 2.85B USD, surprise -0.11%, Miss. Q2 2025, reported Apr 23, 2025: actual 2.88B USD, estimate 2.94B USD, surprise -2.35%, Miss. Q3 2025, reported Jul 23, 2025: actual 3.06B USD, estimate 3.11B USD, surprise -1.56%, Miss. Q4 2025, reported Oct 29, 2025: actual 3B USD, estimate 3.02B USD, surprise -0.46%, Miss. Q1 2026, reported Feb 3, 2026: actual 2.98B USD, estimate 2.96B USD, surprise +0.70%, Beat. Q2 2026, reported Apr 29, 2026: actual 3.09B USD, estimate 3.07B USD, surprise +0.70%, Beat. Q3 2026, reported Jul 29, 2026: actual 3.35B USD, estimate 3.33B USD, surprise +0.52%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 3.28B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

67 ratings
Strong buy00%
Buy4770%
Hold2030%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

CMG news

defenseworld.net

Bank of New York Mellon Corp Acquires New Shares in Chipotle Mexican Grill, Inc. $CMG

Bank of New York Mellon Corp acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and…

Read source
fool.com

Amid Industry Headwinds, Is Chipotle Stock a Buying Opportunity?

Chipotle (CMG +4.56%) is performing relatively well amid industry headwinds.

Read source
247wallst.com

Trump's 90-Day Inflation Band-Aid: Why His Beef Tariff Pause Won't Help Consumers

Food inflation has become one of those problems that refuses to disappear when politicians declare victory over it.

Read source
247wallst.com

Which Restaurant Stock Has Dominated in 2026: McDonald's, Chipotle, or Starbucks?

This year's restaurant-stock scoreboard has rewarded structural change over stability.

Read source
zacks.com

Can Chipotle Scale to 7,000 Units Without Eroding Store Economics?

CMG's 7,000-unit growth plan rests on disciplined openings, resilient new-store returns and efficiency gains that support store economics.

Read source
barrons.com

Chipotle and Yum! Look Like Bargains After Food-Safety Selloff

The two chains have been performing strongly, and the scares should have a temporary effect on sales.

Read source

Corporate actions

Corporate action history

Stock split

Effective Jun 26, 2024

50:1

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ETFs holding CMG

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.52B
Weight
0.07%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
1.25B
Weight
0.07%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.03B
Weight
0.46%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
610.16M
Weight
0.07%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
570.22M
Weight
0.15%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
562.98M
Weight
0.07%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
JPMorgan Equity Premium Income ETF logoJPMorgan Equity Premium Income ETFJEPI
Market value
511.68M
Weight
1.11%
AUM
46.27B USD
Expense ratio
0.35%
Price / 1D
$57.92+0.35%
iShares MSCI USA Quality Factor ETF logoiShares MSCI USA Quality Factor ETFQUAL
Market value
437.87M
Weight
0.92%
AUM
47.68B USD
Expense ratio
0.15%
Price / 1D
$223.22+0.41%

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