Chipotle Mexican Grill CMG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 15.3%-1.0pp | 16.2%-0.2pp | 16.4%-0.3pp | 16.6%-0.4pp | 17%+0.1pp | |
| Net margin | 12%-0.9pp | 12.9%-0.2pp | 13%-0.3pp | 13.3%-0.3pp | 13.6%0.0pp | |
| EBITDA margin | 18.3%-0.9pp | 19.3%-0.1pp | 19.4%-0.3pp | 19.6%-0.3pp | 20%+0.1pp | |
| Free cash flow margin | 12.4%+0.3pp | 12.1%-1.2pp | 13.3%+0.7pp | 12.7%-0.3pp | 12.9%-0.4pp | |
| Returns | ||||||
| Return on equity | 49.2%+1.9pp | 47.4%+2.4pp | 45%+2.4pp | 42.6%-3.0pp | 45.6%-0.1pp | |
| Return on assets | 16.3%-0.6pp | 16.9%+0.1pp | 16.8%-0.2pp | 17%-0.9pp | 17.9%+0.1pp | |
| Return on invested capital | 19.1%-0.7pp | 19.8%0.0pp | 19.8%-0.3pp | 20.2%-0.9pp | 21.1%+0.1pp | |
| 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×-0.3× | 1.2×-0.3× | 1.5×-0.1× | 1.7×+0.1× | 1.5×0.0× | |
| Quick ratio | 0.9×-0.3× | 1.2×-0.3× | 1.5×-0.1× | 1.6×+0.1× | 1.5×0.0× | |
| Cash ratio | 0.2×-0.1× | 0.3×-0.3× | 0.6×-0.1× | 0.8×+0.1× | 0.7×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.2×+0.4× | 1.8×+0.2× | 1.5×+0.2× | 1.4×0.0× | 1.3×+0.1× | |
| Debt-to-assets | 0.6×0.0× | 0.6×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 2.2×+0.2× | 2×+0.2× | 1.9×+0.1× | 1.7×0.0× | 1.7×0.0× | |
| Per Share | ||||||
| Book value per share | $1.85-12.3% | $2.11-12.3% | $2.41-8.0% | $2.61+1.9% | $2.57-3.4% | |
| Valuation | ||||||
| Market capitalization | $41.69B-14.8% | $48.92B-6.9% | $52.55B-28.6% | $73.63B+8.2% | $68.05B-17.2% | |
| Enterprise value | $46.65B-13.0% | $53.61B-5.6% | $56.8B-26.7% | $77.54B+7.8% | $71.93B-16.3% | |
| Price / earnings | 28.7×-3.1× | 31.9×-2.3× | 34.2×-13.6× | 47.8×+4.2× | 43.6×-10.0× | |
| Price / sales | 3.4×-0.7× | 4.1×-0.4× | 4.5×-1.9× | 6.4×+0.4× | 5.9×-1.3× | |
| Price / book | 17.3×0.0× | 17.3×+1.0× | 16.3×-4.6× | 20.9×+1.4× | 19.5×-3.0× | |
| EV / EBITDA | 21×-2.4× | 23.3×-1.5× | 24.9×-9.2× | 34.1×+2.7× | 31.4×-6.8× | |
| EV / sales | 3.8×-0.7× | 4.5×-0.3× | 4.8×-1.9× | 6.7×+0.4× | 6.3×-1.3× | |
| Free cash flow yield | 3.6%+0.7pp | 3%0.0pp | 3%+1.0pp | 2%-0.2pp | 2.2%+0.3pp | |
| Earnings yield | 3.5%+0.3pp | 3.1%+0.2pp | 2.9%+0.8pp | 2.1%-0.2pp | 2.3%+0.4pp |
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.
