Saturday 17 October 2026 Export CMG’s income statement to Excel — free account

Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.9 billion, up 5.41% from fiscal 2024. In the quarter to June 2026, revenue grew 9.31%, EPS was flat and free cash flow grew 15.6%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for five.

29.89 0.69 −2.26%

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Market cap: $38.7B
P/E: 27.4×
Fwd P/E: 26.5×
Dividend yield: —
F-score: 5/9
Altman Z: 6.99
Beneish M: −2.60
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 7.25

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	2	—	—	—	—	—	1	—	—

Insider Ownership 1.36%

Capital & Financial Ratios $m

Market Cap 38,700.00

Revenue 12,423.76

Net Income 1,419.41

Free Cash Flow 1,568.99

Net Debt (677.86)

Current Ratio 0.72

Debt/Equity 0.00

P/E ratio 27.42

Fwd P/E 26.50

P/S ratio 3.07

P/B ratio 17.36

Past 5Y EPS Growth 35.41%

This Y EPS Growth (1.83%)

Next Y EPS Growth 19.42%

Next Y revenue growth 9.25%

Next 5Y EPS Growth 10.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 0.81%

10-year low 10-year high

P/S against its own 10 years 21.27%

10-year low 10-year high

P/B against its own 10 years 49.32%

10-year low 10-year high

EV/Sales against its own 10 years 23.26%

10-year low 10-year high

EV/FCF against its own 10 years 0.07%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,295	1,423	1,049	678
Receivables	168	211	248	100
Inventory	39	49	50	47
Other	—	—	—	—
	1,621	1,781	1,467	941

	2023	2024	2025	Q'26
Payables	198	211	213	255
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,031	1,169	1,188	1,315

Compound Annual Growth %

	10y	5y	3y
Sales	10.23%	14.79%	11.36%
Cash Flow	11.96%	26.07%	16.90%
Earnings	12.44%	33.98%	19.54%
Book Value	2.89%	6.98%	6.13%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,088	3,349	—	—	—
’25	2,875	3,063	3,003	2,984	11,926
’24	2,702	2,973	2,794	2,845	11,314
’23	2,369	2,515	2,472	2,516	9,872
’22	2,021	2,213	2,220	2,181	8,635
’21	1,742	1,893	1,952	1,961	7,547
’20	1,411	1,365	1,601	1,608	5,985

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	651	681	—	—	—
’25	557	561	570	426	2,114
’24	569	563	446	527	2,105
’23	455	583	480	265	1,783
’22	283	287	352	402	1,323
’21	306	257	281	438	1,282
’20	182	123	244	115	664

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	471	463	—	—	—
’25	412	401	406	228	1,448
’24	437	422	299	374	1,532
’23	335	445	349	94	1,223
’22	187	186	213	258	844
’21	219	134	172	318	844
’20	104	35	162	(11)	290

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.23	0.32	—	—	—
’25	0.28	0.32	0.29	0.25	1.14
’24	0.26	0.33	0.28	0.24	1.11
’23	0.21	0.25	0.23	0.20	0.89
’22	0.11	0.19	0.18	0.16	0.64
’21	0.09	0.13	0.14	0.09	0.46
’20	0.05	0.01	0.06	0.13	0.25

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.06	5.26	4.95	8.48	8.30	25.13	23.93	26.88	44.08	29.75	Analyst estimates 2026–2028 Powerpack
	High	10.85	9.98	10.61	17.16	28.71	39.17	35.09	46.97	69.26	61.16
People
People	Employees	64,570	68,890	73,000	83,000	88,000	97,660	104,958	116,068	130,504	131,534
	Revenue/emp, $m	0.06	0.06	0.07	0.07	0.07	0.08	0.08	0.09	0.09	0.09
Income, $m
Income, $m	Revenue	3,904	4,476	4,865	5,586	5,985	7,547	8,635	9,872	11,314	11,926
	Gross margin, %	12.76	16.89	18.73	20.45	17.40	22.62	23.88	26.20	26.67	25.38
	EBT	39	276	268	458	294	813	1,182	1,621	2,010	2,010
	EBT margin, %	0.99	6.16	5.52	8.20	4.91	10.77	13.68	16.42	17.77	16.85
	Net income	23	176	177	350	356	653	899	1,229	1,534	1,536
	Depreciation	146	163	202	213	239	255	287	319	335	361
Per share, $
Per share, $	Revenue	2.67	3.14	3.50	4.03	4.29	5.37	6.20	7.17	8.27	8.92
	Earnings	0.02	0.12	0.13	0.25	0.25	0.46	0.65	0.89	1.12	1.15
	Cash flow	0.24	0.33	0.45	0.52	0.48	0.91	0.95	1.29	1.54	1.58
	Capex	(0.18)	(0.15)	(0.21)	(0.23)	(0.27)	(0.31)	(0.34)	(0.41)	(0.42)	(0.50)
	Free cash flow	0.07	0.18	0.24	0.29	0.21	0.60	0.61	0.89	1.12	1.08
	Book value	0.96	0.96	1.04	1.21	1.45	1.63	1.70	2.22	2.67	2.12
	Shares, m	1,463	1,425	1,391	1,387	1,396	1,407	1,393	1,378	1,368	1,337
Valuation, ×
Valuation, ×	P/E	457.32	47.41	68.14	66.32	108.92	75.33	42.45	50.35	54.24	32.17
	P/S	2.81	1.86	2.47	4.16	6.47	6.52	4.42	6.27	7.29	4.15
	P/B	7.82	6.12	8.34	13.80	19.16	21.41	16.12	20.20	22.57	17.48
	EV/Sales	2.70	1.75	2.33	4.00	6.31	6.38	4.32	6.14	7.17	4.06
	EV/FCF	109.60	31.18	33.94	55.61	129.97	57.03	44.18	49.53	52.94	33.46
Cash, $m
Cash, $m	Operating cash flow	355	468	622	722	664	1,282	1,323	1,783	2,105	2,114
	Capex	(259)	(217)	(287)	(320)	(373)	(438)	(479)	(561)	(573)	(666)
	Free cash flow	96	251	334	402	290	844	844	1,223	1,532	1,448
Balance, $m
Balance, $m	Working capital	241	306	365	406	598	508	254	590	612	279
	Total debt	—	—	—	2,855	3,157	3,521	3,731	—	—	—
	Net debt	(418)	(509)	(677)	(881)	(952)	(1,076)	(899)	(1,295)	(1,423)	(1,049)
	Shareholders’ equity	1,402	1,364	1,441	1,683	2,020	2,297	2,368	3,062	3,656	2,831
Returns, %
Returns, %	ROA	0.97	8.66	8.19	9.50	6.42	10.34	13.24	16.41	17.79	16.88
	ROIC	2.19	19.78	21.12	34.59	16.97	41.20	49.37	55.11	53.65	67.91
	ROE	1.30	12.74	12.58	22.41	19.21	30.25	38.54	45.26	45.67	47.36

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MCD McDonald's Corporation	$171.6B	19.7×	21.7×	+3.74% (above 0%: growing)	+5.73% (above 0%: growing)	+57.94% (above 0%: growing)	58.01%	47.02%	Compare
SBUX Starbucks Corporation	$110.4B	56.0×	47.2×	−1.41% (below 0%: shrinking)	+85.71% (above 0%: growing)	+210.96% (above 0%: growing)	69.66%	10.52%	Compare
YUM Yum! Brands, Inc.	$41.2B	18.8×	22.3×	+12.21% (above 0%: growing)	+131.34% (above 0%: growing)	+8.53% (above 0%: growing)	67.73%	30.20%	Compare
CMG Chipotle Mexican Grill, Inc.	$38.7B	27.4×	26.5×	+9.31% (above 0%: growing)	0.00%	+15.63% (above 0%: growing)	25.22%	15.70%
QSR Restaurant Brands International Inc.	$33.7B	20.0×	18.0×	+4.56% (above 0%: growing)	+151.72% (above 0%: growing)	+18.89% (above 0%: growing)	49.13%	28.49%	Compare
DRI Darden Restaurants, Inc.	$24.3B	21.0×	17.4×	+5.11% (above 0%: growing)	−7.24% (below 0%: shrinking)	−41.21% (below 0%: shrinking)	20.50%	9.98%	Compare
YUMC Yum China	$15.3B	16.5×	14.7×	+12.59% (above 0%: growing)	+20.69% (above 0%: growing)	+3.10% (above 0%: growing)	22.21%	11.09%	Compare
TXRH Texas Roadhouse, Inc.	$11.2B	26.9×	26.6×	+11.11% (above 0%: growing)	−0.53% (below 0%: shrinking)	+120.59% (above 0%: growing)	16.80%	8.50%	Compare
DPZ Domino's Pizza Inc	$10.0B	17.0×	16.4×	+3.36% (above 0%: growing)	+12.90% (above 0%: growing)	−3.26% (below 0%: shrinking)	40.18%	20.39%	Compare
Median of peers	$29.0B	19.9×	19.9×	+4.84%	+16.80%	+13.71%	44.66%	15.74%

All 56 Restaurants stocks →

Chipotle Mexican Grill, Inc. (CMG) key facts

Strength: Chipotle Mexican Grill, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.9 billion, up 5.41% from fiscal 2024.
Chipotle Mexican Grill, Inc. (CMG) is a Restaurants company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
Net income was $1.5 billion, or $1.15 per share (basic), a net margin of 12.9%.
As of October 16, 2026, CMG traded at $29.89, a market capitalization of $38.7 billion.
At that price the stock trades at 27.4× trailing-twelve-month earnings and 3.1× sales; its P/E is higher than 1% of its own readings over the past ten years.
Return on equity was 47.4% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.99 (safe zone) for fiscal 2025.