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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%
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

Chipotle Mexican Grill, Inc. (CMG) Gross margin

Alert me on Gross margin

Chipotle Mexican Grill, Inc.'s gross margin over the twelve months to 30 June 2026 was 24.1%, down 1.3 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 38.8% and below the Consumer Cyclical sector median of 35.0%.

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)
Jun 2026 25.2% 1.94
Mar 2026 23.3% (0.14)
Dec 2025 23.4% (1.07)
Sep 2025 24.5% (2.87)
42 more quarters

Against its own ten years

Low 12.8% High 26.7%
Ten-year median 22.6%
Current reading's percentile 69

Gross margin against peers

Company Gross margin
YUM Yum! Brands, Inc. compare 68.1%
SBUX Starbucks Corporation compare 67.7%
MCD McDonald's Corporation compare 57.4%
QSR Restaurant Brands International Inc. compare 48.5%
DPZ Domino's Pizza Inc compare 40.0%
CMG Chipotle Mexican Grill, Inc. 24.1%
YUMC Yum China compare 22.0%
DRI Darden Restaurants, Inc. compare 21.7%
TXRH Texas Roadhouse, Inc. compare 15.7%
Restaurants industry median 38.8%
Consumer Cyclical sector median 35.0%
Market median 46.2%

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

The full definition of Gross margin →

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