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.
Follow CMG
Chipotle Mexican Grill, Inc. (CMG) Operating margin
Chipotle Mexican Grill, Inc.'s operating margin over the twelve months to 30 June 2026 was 14.7%, down 1.6 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 4.30% and above the Consumer Cyclical sector median of 3.57%.
Operating margin, annual
Embed this chart
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) |
|---|---|---|
| Jun 2026 | 15.7% | 2.84 |
| Mar 2026 | 12.9% | (1.23) |
| Dec 2025 | 14.1% | (1.80) |
| Sep 2025 | 15.9% | (2.36) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MCD McDonald's Corporation compare | 46.2% |
| YUM Yum! Brands, Inc. compare | 31.0% |
| QSR Restaurant Brands International Inc. compare | 26.9% |
| DPZ Domino's Pizza Inc compare | 19.7% |
| CMG Chipotle Mexican Grill, Inc. | 14.7% |
| DRI Darden Restaurants, Inc. compare | 11.7% |
| YUMC Yum China compare | 11.1% |
| SBUX Starbucks Corporation compare | 7.77% |
| TXRH Texas Roadhouse, Inc. compare | 7.75% |
| Restaurants industry median | 4.30% |
| Consumer Cyclical sector median | 3.57% |
| 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
More on CMG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement