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) Operating margin

Alert me on Operating margin

Chipotle Mexican Grill, Inc.'s operating margin over the twelve months to 30 September 2026 was 14.1%, down 2.1 percentage points from fiscal 2025 (16.2%). Over the past ten years it has ranged from 0.89% (fiscal 2016) to 17.0% (fiscal 2015); the current reading is higher than 82% of that period. That is above the Restaurants industry median of 4.59% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.2% (0.71)
FY2024 16.9% 1.16
FY2023 15.8% 2.34
FY2022 13.4% 2.77
FY2021 10.7% 5.82
FY2020 4.85% (3.10)
FY2019 7.95% 2.64
FY2018 5.31% (0.74)
FY2017 6.05% 5.16
FY2016 0.89% (16.07)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 13.7% (1.98)
Jun 2026 15.7% 2.84
Mar 2026 12.9% (1.23)
Dec 2025 14.1% (1.80)
43 more quarters

Against its own ten years

Low 0.89% High 17.0%
Ten-year median 10.7%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
YUM Yum! Brands, Inc. compare 49.5%
MCD McDonald's Corporation compare 46.9%
QSR Restaurant Brands International Inc. compare 27.1%
DPZ Domino's Pizza Inc compare 19.7%
CMG Chipotle Mexican Grill, Inc. 14.1%
DRI Darden Restaurants, Inc. compare 11.7%
YUMC Yum China compare 11.3%
SBUX Starbucks Corporation compare 9.74%
TXRH Texas Roadhouse, Inc. compare 7.75%
Restaurants industry median 4.59%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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