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Chipotle Mexican Grill CMG Q2 2025 earnings

Reported July 23, 2025 · After market close

Revenue$3.1BMiss by $48.7MDiluted EPS$0.33Beat by $0.00
Revenue estimate$3.1B
EPS estimate$0.33

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$3.3B
EPS estimate$0.32

Financials

Q2 2025

Income statement

See full
Revenue$3.1B+3.0%
Operating income$559.1M-4.6%
Net income$436.1M-4.3%
EPS (diluted)$0.32-3.0%

Balance sheet

See full
Cash & equivalents$875.2M+4.9%
Total debt$4.8B+11.7%
Total equity$3.5B-4.9%
Total assets$9.3B+3.9%

Cash flow

See full
Operating cash flow$561.3M-0.2%
CapEx$160.6M+14.3%
Free cash flow$400.7M-5.1%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$73.63B-14.4%
Enterprise value$77.54B-13.3%
P/E47.8×-13.3×
P/S6.4×-1.7×

Profitability

See full
Operating margin16.6%-0.1pp
Net margin13.3%+0.1pp
FCF margin12.7%+0.5pp

Returns & leverage

See full
Return on equity42.6%-0.9pp
Debt / equity1.4×+0.2×
Current ratio1.7×-0.1×

Segments

By product

See full
Food and beverage revenue$3.0B+3.1%
Delivery service revenue$15.6M-14.1%

By segment

See full
U.S.$3.0B+2.7%

Versus estimates

Revenue

Q1 2026$3.1BBeat by $21.5MQ4 2025$3.0BBeat by $20.7MQ3 2025$3.0BMiss by $13.7M
Q2 2025$3.1BMiss by $48.7M
Q1 2025$2.9BMiss by $69.2MQ4 2024$2.8BMiss by $3.2M

Diluted EPS

Q1 2026$0.24Beat by $0.00Q4 2025$0.25Beat by $0.01Q3 2025$0.29Beat by $0.00
Q2 2025$0.33Beat by $0.00
Q1 2025$0.29Beat by $0.01Q4 2024$0.25Beat by $0.01

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Questions, answered.

When did Chipotle Mexican Grill report Q2 2025 earnings?
Chipotle Mexican Grill (CMG) reported Q2 2025 earnings on July 23, 2025 after market close.
What were Chipotle Mexican Grill's Q2 2025 revenue and EPS?
Chipotle Mexican Grill reported revenue of $3.1B and diluted EPS of $0.33 for Q2 2025.
Did Chipotle Mexican Grill beat estimates in Q2 2025?
Revenue missed the consensus estimate of $3.1B by $48.7M. EPS beat the consensus estimate of $0.33 by $0.00.
How did Chipotle Mexican Grill's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.0% from $3.0B a year earlier and diluted EPS declined 2.9% from $0.34.
Where can I find Chipotle Mexican Grill's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001058090-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.