stockrowChipotle 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
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Chipotle Mexican Grill, Inc. (CMG) Gross margin
Chipotle Mexican Grill, Inc.'s gross margin over the twelve months to 30 September 2026 was 23.8%, down 1.5 percentage points from fiscal 2025 (25.4%). Over the past ten years it has ranged from 12.8% (fiscal 2016) to 26.7% (fiscal 2024); the current reading is higher than 73% of that period. That is below the Restaurants industry median of 38.9% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 25.4% | (1.29) |
| FY2024 | 26.7% | 0.47 |
| FY2023 | 26.2% | 2.32 |
| FY2022 | 23.9% | 1.26 |
| FY2021 | 22.6% | 5.22 |
| FY2020 | 17.4% | (3.05) |
| FY2019 | 20.5% | 1.72 |
| FY2018 | 18.7% | 1.84 |
| FY2017 | 16.9% | 4.13 |
| FY2016 | 12.8% | (13.33) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 23.3% | (1.89) |
| Jun 2026 | 25.2% | 1.94 |
| Mar 2026 | 23.3% | (0.14) |
| Dec 2025 | 23.4% | (1.07) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SBUX Starbucks Corporation compare | 67.7% |
| YUM Yum! Brands, Inc. compare | 67.4% |
| MCD McDonald's Corporation compare | 57.6% |
| QSR Restaurant Brands International Inc. compare | 48.7% |
| DPZ Domino's Pizza Inc compare | 40.0% |
| CMG Chipotle Mexican Grill, Inc. | 23.8% |
| DRI Darden Restaurants, Inc. compare | 21.7% |
| TXRH Texas Roadhouse, Inc. compare | 15.7% |
| YUMC Yum China compare | 0.00% |
| Restaurants industry median | 38.9% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Net margin
- Free cash flow margin
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- Price to free cash flow
- EV/EBITDA
- EV/Sales
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