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Chipotle Mexican Grill CMG Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin15.3%-1.0pp16.2%-0.2pp16.4%-0.3pp16.6%-0.4pp17%+0.1pp
Net margin12%-0.9pp12.9%-0.2pp13%-0.3pp13.3%-0.3pp13.6%0.0pp
EBITDA margin18.3%-0.9pp19.3%-0.1pp19.4%-0.3pp19.6%-0.3pp20%+0.1pp
Free cash flow margin12.4%+0.3pp12.1%-1.2pp13.3%+0.7pp12.7%-0.3pp12.9%-0.4pp
Returns
Return on equity49.2%+1.9pp47.4%+2.4pp45%+2.4pp42.6%-3.0pp45.6%-0.1pp
Return on assets16.3%-0.6pp16.9%+0.1pp16.8%-0.2pp17%-0.9pp17.9%+0.1pp
Return on invested capital19.1%-0.7pp19.8%0.0pp19.8%-0.3pp20.2%-0.9pp21.1%+0.1pp
Efficiency
Asset turnover1.4×0.0×1.3×0.0×1.3×0.0×1.3×0.0×1.3×0.0×
Liquidity
Current ratio0.9×-0.3×1.2×-0.3×1.5×-0.1×1.7×+0.1×1.5×0.0×
Quick ratio0.9×-0.3×1.2×-0.3×1.5×-0.1×1.6×+0.1×1.5×0.0×
Cash ratio0.2×-0.1×0.3×-0.3×0.6×-0.1×0.8×+0.1×0.7×0.0×
Leverage
Debt-to-equity2.2×+0.4×1.8×+0.2×1.5×+0.2×1.4×0.0×1.3×+0.1×
Debt-to-assets0.6×0.0×0.6×0.0×0.5×0.0×0.5×0.0×0.5×0.0×
Net debt / EBITDA2.2×+0.2×+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 / earnings28.7×-3.1×31.9×-2.3×34.2×-13.6×47.8×+4.2×43.6×-10.0×
Price / sales3.4×-0.7×4.1×-0.4×4.5×-1.9×6.4×+0.4×5.9×-1.3×
Price / book17.3×0.0×17.3×+1.0×16.3×-4.6×20.9×+1.4×19.5×-3.0×
EV / EBITDA21×-2.4×23.3×-1.5×24.9×-9.2×34.1×+2.7×31.4×-6.8×
EV / sales3.8×-0.7×4.5×-0.3×4.8×-1.9×6.7×+0.4×6.3×-1.3×
Free cash flow yield3.6%+0.7pp3%0.0pp3%+1.0pp2%-0.2pp2.2%+0.3pp
Earnings yield3.5%+0.3pp3.1%+0.2pp2.9%+0.8pp2.1%-0.2pp2.3%+0.4pp

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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.