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Chipotle Mexican Grill CMG Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin64.5%-1.7pp66.3%-0.7pp67%-0.6pp67.6%-0.1pp67.7%+1.0pp
Net margin51.2%-1.6pp52.8%-0.7pp53.5%-0.5pp54%+0.1pp53.9%+0.9pp
EBITDA margin76.6%-1.6pp78.2%-0.6pp78.9%-0.7pp79.5%-0.2pp79.7%+0.8pp
Free cash flow margin50.6%-0.5pp51.1%-1.2pp52.3%+2.0pp50.4%+0.5pp49.9%0.0pp
Returns
Return on equity184.1%+3.7pp180.5%+1.7pp178.8%-0.7pp179.5%-0.9pp180.5%+1.2pp
Return on assets66.9%-1.6pp68.5%-0.9pp69.4%-0.7pp70.2%-0.2pp70.3%+1.1pp
Return on invested capital78.9%-2.0pp80.9%-1.2pp82%-0.9pp82.9%-0.2pp83.1%+1.3pp
Efficiency
Asset turnover5.2×0.0×5.2×0.0×5.2×0.0×5.2×0.0×5.2×0.0×
Liquidity
Current ratio5.3×-0.6×-0.3×6.2×-0.1×6.3×-0.1×6.4×-0.1×
Quick ratio5.2×-0.6×5.8×-0.3×6.1×-0.1×6.2×-0.1×6.2×-0.1×
Cash ratio-0.5×2.4×-0.3×2.8×-0.1×2.8×0.0×2.9×-0.1×
Leverage
Debt-to-equity6.9×+0.9×+0.6×5.5×+0.3×5.2×+0.2×+0.1×
Debt-to-assets2.2×+0.1×2.1×+0.1×2.1×0.0×0.0×0.0×
Net debt / EBITDA7.9×+0.5×7.3×+0.4×6.9×+0.2×6.8×+0.1×6.7×0.0×
Per Share
Book value per share$8.98-7.4%$9.69-5.3%$10.24-2.1%$10.46-0.7%$10.54+1.3%
Valuation
Market capitalization$216.8B-10.8%$243.16B-12.0%$276.4B-8.7%$302.76B-3.9%$315.17B-3.6%
Enterprise value$234.61B-9.7%$259.88B-11.1%$292.19B-8.1%$318.06B-3.6%$330.01B-3.3%
Price / earnings142.5×-14.9×157.4×-21.7×179.1×-19.0×198.1×-13.3×211.3×-17.9×
Price / sales18.4×-2.5×20.8×-3.2×24×-2.7×26.7×-1.7×28.4×-1.9×
Price / book71.8×-2.2×74×-5.2×79.2×-5.5×84.7×-2.3×87×-4.2×
EV / EBITDA103.3×-10.4×113.7×-14.8×128.5×-12.7×141.2×-8.2×149.4×-11.1×
EV / sales19.9×-2.4×22.3×-3.1×25.4×-2.7×28.1×-1.7×29.8×-1.9×
Free cash flow yield11.6%+1.4pp10.1%+1.1pp9%+1.4pp7.6%+0.5pp7.1%+0.5pp
Earnings yield11.6%+1.2pp10.5%+1.3pp9.2%+1.0pp8.1%+0.5pp7.7%+0.7pp

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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.