Saturday 17 October 2026
Export CMG’s income statement to Excel — free account
Chipotle Mexican Grill, Inc.
CMG Consumer Cyclical Restaurants
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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
457.32 | 47.41 | 68.14 | 66.32 | 108.92 | 75.33 | 42.45 | 50.35 | 54.24 | 32.17 |
Piotroski F-Score |
5 | 9 | 7 | 7 | 5 | 7 | 8 | 9 | 7 | 5 |
Altman Z-Score |
14.28 | 11.70 | 13.05 | 6.35 | 7.91 | 9.23 | 7.90 | 10.60 | 11.16 | 6.99 |
P/S ratio |
2.81 | 1.86 | 2.47 | 4.16 | 6.47 | 6.52 | 4.42 | 6.27 | 7.29 | 4.15 |
P/FCF ratio |
113.94 | 33.20 | 35.97 | 57.80 | 133.24 | 58.31 | 45.24 | 50.59 | 53.87 | 34.18 |
Altman Z″-Score (non-manufacturers) |
6.83 | 7.79 | 7.36 | 3.49 | 3.30 | 3.79 | 4.18 | 4.88 | 3.08 | 2.36 |
Beneish M-Score |
(3.65) | (3.48) | (3.43) | 3.90 | (0.43) | (3.33) | (2.90) | (2.76) | (2.53) | (2.60) |
P/Operating CF |
148.13 | 93.89 | 93.14 | 124.44 | 336.22 | 112.20 | 95.08 | 233.04 | 156.64 | 116.20 |
P/B ratio |
7.82 | 6.12 | 8.34 | 13.80 | 19.16 | 21.41 | 16.12 | 20.20 | 22.57 | 17.48 |
Price to Tangible BV |
7.95 | 6.22 | 8.47 | 13.98 | 19.37 | 21.62 | 16.28 | 20.35 | 22.71 | 17.62 |
EV/Sales |
2.70 | 1.75 | 2.33 | 4.00 | 6.31 | 6.38 | 4.32 | 6.14 | 7.17 | 4.06 |
EV/EBITDA |
58.35 | 18.06 | 24.64 | 34.01 | 71.41 | 45.41 | 25.76 | 32.26 | 36.02 | 21.08 |
EV/Operating CF |
29.72 | 16.74 | 18.25 | 30.95 | 56.87 | 37.53 | 28.18 | 33.96 | 38.52 | 22.91 |
EV/FCF |
109.60 | 31.18 | 33.94 | 55.61 | 129.97 | 57.03 | 44.18 | 49.53 | 52.94 | 33.46 |
Quick Ratio |
1.64 | 1.73 | 1.64 | 1.48 | 1.63 | 1.45 | 1.14 | 1.42 | 1.40 | 1.09 |
Current Ratio |
1.85 | 1.94 | 1.81 | 1.61 | 1.73 | 1.58 | 1.28 | 1.57 | 1.52 | 1.23 |
Net Debt/EBITDA |
(2.31) | (1.17) | (1.47) | (1.34) | (1.80) | (1.02) | (0.62) | (0.69) | (0.63) | (0.46) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.64 | 2.20 | 2.26 | 1.52 | 1.08 | 1.19 | 1.27 | 1.32 | 1.31 | 1.31 |
Operating CF/Net income |
15.48 | 2.66 | 3.52 | 2.06 | 1.87 | 1.96 | 1.47 | 1.45 | 1.37 | 1.38 |
Capex/Depreciation |
(1.77) | (1.33) | (1.42) | (1.50) | (1.57) | (1.72) | (1.67) | (1.76) | (1.71) | (1.84) |
| 1.30% | 12.74% | 12.58% | 22.41% | 19.21% | 30.25% | 38.54% | 45.26% | 45.67% | 47.36% | |
| 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% |
Return on Tangible Assets |
1.49% | 10.72% | 10.12% | 18.78% | 16.30% | 28.68% | 40.77% | 44.52% | 51.10% | 51.92% |
Average Days of Receivables |
4.26 | 4.06 | 4.68 | 7.07 | 23.62 | 9.37 | 6.54 | 6.23 | 6.81 | 7.59 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.08% | 6.62% | 7.72% | 8.08% | 7.79% | 8.04% | 6.53% | 6.42% | 6.16% | 5.47% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.64% | 1.46% | 1.42% | 1.64% | 1.38% | 2.34% | 1.14% | 1.26% | 1.16% | 1.00% |
Graham Net Nets |
(0.01) | (0.01) | 0.00 | (0.10) | (0.07) | (0.06) | (0.09) | (0.05) | (0.05) | (0.09) |
Graham Number |
0.59 | 1.63 | 1.72 | 2.63 | 2.88 | 4.13 | 4.97 | 6.68 | 8.17 | 7.40 |
Earnings Yield |
0.22% | 2.11% | 1.47% | 1.51% | 0.92% | 1.33% | 2.36% | 1.99% | 1.84% | 3.11% |
Free Cash Flow Yield |
0.88% | 3.01% | 2.78% | 1.73% | 0.75% | 1.72% | 2.21% | 1.98% | 1.86% | 2.93% |
Revenue per Share |
2.67 | 3.14 | 3.50 | 4.03 | 4.29 | 5.37 | 6.20 | 7.17 | 8.27 | 8.92 |
Operating CF per Share |
0.24 | 0.33 | 0.45 | 0.52 | 0.48 | 0.91 | 0.95 | 1.29 | 1.54 | 1.58 |
Capex per Share |
(0.18) | (0.15) | (0.21) | (0.23) | (0.27) | (0.31) | (0.34) | (0.41) | (0.42) | (0.50) |
Free Cash Flow per Share |
0.07 | 0.18 | 0.24 | 0.29 | 0.21 | 0.60 | 0.61 | 0.89 | 1.12 | 1.08 |
Cash per Share |
0.29 | 0.36 | 0.49 | 0.64 | 0.68 | 0.77 | 0.65 | 0.94 | 1.04 | 0.78 |
Shareholders Equity per Share |
0.96 | 0.96 | 1.04 | 1.21 | 1.45 | 1.63 | 1.70 | 2.22 | 2.67 | 2.12 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.96 | 0.96 | 1.04 | 1.21 | 1.45 | 1.63 | 1.70 | 2.22 | 2.67 | 2.12 |
Free Cash Flow |
96.32 | 251.44 | 334.16 | 401.69 | 290.50 | 843.64 | 844.02 | 1,222.75 | 1,531.59 | 1,447.59 |
Working Capital |
240.58 | 305.64 | 364.80 | 405.61 | 598.04 | 507.88 | 253.96 | 590.09 | 611.82 | 278.81 |
Capital Expenditures |
(258.84) | (216.78) | (287.39) | (319.94) | (373.35) | (438.44) | (479.16) | (560.73) | (573.49) | (666.34) |
Net Current Asset Value |
(101.24) | (51.71) | (9.38) | (2,349.37) | (2,542.52) | (2,974.02) | (3,383.64) | (3,361.44) | (3,768.24) | (4,696.97) |
EV/EBIT |
305.40 | 28.95 | 43.90 | 50.31 | 130.12 | 59.77 | 32.13 | 38.88 | 42.31 | 25.02 |
Capex to Sales |
0.07 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 |
Price to Operating Income |
317.48 | 30.83 | 46.52 | 52.30 | 133.40 | 61.11 | 32.91 | 39.71 | 43.06 | 25.56 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.11 | 0.12 | 0.15 | 0.15 | 0.15 | 0.14 | 0.15 | 0.15 | 0.14 | 0.13 |
Cash ROIC |
5.29% | 13.42% | 15.78% | 15.67% | 9.78% | 25.01% | 25.83% | 28.06% | 30.16% | 37.31% |
Accounts Receivable Turnover |
54.99 | 93.88 | 86.78 | 65.51 | 24.15 | 25.98 | 49.58 | 61.10 | 59.60 | 51.96 |
Accounts Payable Turnover |
41.52 | 46.39 | 40.53 | 38.83 | 41.58 | 40.96 | 37.80 | 38.12 | 40.63 | 42.03 |
Inventory Turnover |
226.61 | 213.32 | 190.95 | 186.52 | 188.18 | 197.06 | 191.92 | 194.34 | 188.01 | 180.79 |
Average Days of Payables |
8.40 | 8.05 | 10.44 | 9.51 | 9.01 | 10.20 | 10.25 | 9.90 | 9.27 | 8.73 |
Days of Inventory on Hand |
1.61 | 1.95 | 1.99 | 2.14 | 1.95 | 2.05 | 1.98 | 1.97 | 2.15 | 2.03 |
Average Receivables |
71.00 | 47.68 | 56.06 | 85.28 | 247.77 | 290.47 | 174.14 | 161.56 | 189.84 | 229.53 |
Average Payables |
82.04 | 80.20 | 97.55 | 114.44 | 118.90 | 142.58 | 173.86 | 191.11 | 204.17 | 211.75 |
Average Inventory |
15.03 | 17.44 | 20.71 | 23.83 | 26.27 | 29.64 | 34.25 | 37.49 | 44.13 | 49.23 |
Average Assets |
2,375.58 | 2,035.90 | 2,155.61 | 3,685.06 | 5,543.75 | 6,317.93 | 6,790.23 | 7,485.93 | 8,624.37 | 9,099.45 |
Average Common Equity |
1,765.23 | 1,383.47 | 1,402.89 | 1,562.18 | 1,851.58 | 2,158.75 | 2,332.70 | 2,715.12 | 3,358.88 | 3,243.08 |
Columns are period end dates