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Chipotle Mexican Grill CMG Net debt / EBITDA

Net debt / EBITDA at other companies

McDonald's logo
McDonald'sMCD
4.1×-0.2×
Starbucks logo
StarbucksSBUX
4.9×+1.2×
Yum! Brands logo
Yum! BrandsYUM
0.8×+0.7×
Darden Restaurants logo
Darden RestaurantsDRI
3.9×-0.1×
DoorDash logo
DoorDashDASH
-2.8×-0.9×

Other financials

Income statement

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Revenue$3.1B+7.4%
Operating income$397.1M-17.2%
Net income$302.8M-21.7%
EPS (diluted)$0.23-17.9%

Balance sheet

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Cash & equivalents$282.3M-62.7%
Total debt$5.2B+13.2%
Total equity$2.4B-31.0%
Total assets$8.8B-2.7%

Cash flow

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Operating cash flow$651.4M+16.9%
CapEx$180.3M+24.5%
Free cash flow$471.0M+14.2%

Valuation

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Market cap$41.68B-38.7%
Enterprise value$46.64B-35.1%
P/E28.7×-14.9×
P/S3.4×-2.5×

Profitability

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Operating margin15.3%-1.7pp
Net margin12%-1.6pp

Returns & leverage

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Return on equity49.2%+3.7pp
Debt / equity2.2×+0.9×
Current ratio0.9×-0.6×

Where this comes from

Calculated from Chipotle Mexican Grill’s reported figures.

Based on the most recent quarter.

The official record: Chipotle Mexican Grill’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chipotle Mexican Grill's net debt / EBITDA?
Chipotle Mexican Grill (CMG) reported net debt / EBITDA of 2.2× in Q1 2026.
How has Chipotle Mexican Grill's net debt / EBITDA changed year-over-year?
Chipotle Mexican Grill's net debt / EBITDA increased by 32.0% year-over-year, from 1.7× to 2.2×.
What is the long-term trend for Chipotle Mexican Grill's net debt / EBITDA?
Over 4 years (2021 to 2025), Chipotle Mexican Grill's net debt / EBITDA has grown at a -12.2% compound annual growth rate (CAGR), from 12.3× to 7.3×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.