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.

Revenue
+9.65%
EPS
−7.38%
Free cash flow
−14.5%

Quarter to September 2026, against a year earlier

35.33 0.13 +0.37%
Market cap
$44.8B
P/E
33.1×
Fwd P/E
29.8×
Dividend yield
—
F-score
5/9
Altman Z
6.99
Beneish M
−2.60
Dividend safety
n/a

Chipotle Mexican Grill, Inc. (CMG) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Chipotle Mexican Grill, Inc. (CMG) trades at a EV/EBITDA of 20.0×. Over the past ten years it has ranged from 13.3× (January 2016) to 80.1× (February 2021); the current reading is higher than 14% of that period. That is above the Restaurants industry median of 12.8× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 21.1× (41.46%)
FY2024 36.0× 11.63%
FY2023 32.3× 25.24%
FY2022 25.8× (43.26%)
FY2021 45.4× (36.42%)
FY2020 71.4× 109.95%
FY2019 34.0× 38.04%
FY2018 24.6× 36.46%
FY2017 18.1× (69.05%)
FY2016 58.3× 265.74%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.1× (6.99%)
Jun 2026 19.4× 6.33%
Mar 2026 18.3× (13.25%)
Dec 2025 21.1× (5.40%)
43 more quarters

Against its own ten years

Low 13.3× High 80.1×
Ten-year median 31.6×
Current reading's percentile 14

EV/EBITDA against peers

Company EV/EBITDA
YUMC Yum China compare 8.9×
DRI Darden Restaurants, Inc. compare 12.8×
QSR Restaurant Brands International Inc. compare 13.4×
DPZ Domino's Pizza Inc compare 14.4×
MCD McDonald's Corporation compare 15.8×
TXRH Texas Roadhouse, Inc. compare 17.8×
YUM Yum! Brands, Inc. compare 18.6×
CMG Chipotle Mexican Grill, Inc. 20.0×
SBUX Starbucks Corporation compare 28.1×
Restaurants industry median 12.8×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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