Chipotle Mexican Grill CMG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 15.3%-1.7pp | 16.2%-0.7pp | 16.4%-0.6pp | 16.6%-0.1pp | 17%+1.0pp | |
| Net margin | 12%-1.6pp | 12.9%-0.7pp | 13%-0.5pp | 13.3%+0.1pp | 13.6%+0.9pp | |
| Returns | ||||||
| Return on equity | 49.2%+3.7pp | 47.4%+1.7pp | 45%-0.7pp | 42.6%-0.9pp | 45.6%+1.2pp | |
| Return on invested capital | 19.1%-2.0pp | 19.8%-1.2pp | 19.8%-0.9pp | 20.2%-0.2pp | 21.1%+1.3pp | |
| Efficiency | ||||||
| Asset turnover | 1.4×0.0× | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.6× | 1.2×-0.3× | 1.5×-0.1× | 1.7×-0.1× | 1.5×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 2.2×+0.9× | 1.8×+0.6× | 1.5×+0.3× | 1.4×+0.2× | 1.3×+0.1× | |
| Net debt / EBITDA | 2.2×+0.5× | 2×+0.4× | 1.9×+0.2× | 1.7×+0.1× | 1.7×0.0× | |
| Per Share | ||||||
| Book value per share | $1.85-27.9% | $2.11-20.6% | $2.41-8.5% | $2.61-2.7% | $2.57+5.4% | |
| Valuation | ||||||
| Market capitalization | $41.69B-38.7% | $48.92B-40.5% | $52.55B-33.4% | $73.63B-14.4% | $68.05B-14.6% | |
| Price / earnings | 28.7×-14.9× | 31.9×-21.7× | 34.2×-19.0× | 47.8×-13.3× | 43.6×-17.9× | |
| Price / sales | 3.4×-2.5× | 4.1×-3.2× | 4.5×-2.7× | 6.4×-1.7× | 5.9×-1.9× | |
| Price / book | 17.3×-2.2× | 17.3×-5.2× | 16.3×-5.5× | 20.9×-2.3× | 19.5×-4.2× | |
| EV / EBITDA | 21×-10.4× | 23.3×-14.8× | 24.9×-12.7× | 34.1×-8.2× | 31.4×-11.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Chipotle Mexican Grill's ratios come from?
- Every ratio is computed from Chipotle Mexican Grill's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
