Chipotle Mexican Grill CMG Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 64.5%-1.7pp | 66.3%-0.7pp | 67%-0.6pp | 67.6%-0.1pp | 67.7%+1.0pp | |
| Net margin | 51.2%-1.6pp | 52.8%-0.7pp | 53.5%-0.5pp | 54%+0.1pp | 53.9%+0.9pp | |
| EBITDA margin | 76.6%-1.6pp | 78.2%-0.6pp | 78.9%-0.7pp | 79.5%-0.2pp | 79.7%+0.8pp | |
| Free cash flow margin | 50.6%-0.5pp | 51.1%-1.2pp | 52.3%+2.0pp | 50.4%+0.5pp | 49.9%0.0pp | |
| Returns | ||||||
| Return on equity | 184.1%+3.7pp | 180.5%+1.7pp | 178.8%-0.7pp | 179.5%-0.9pp | 180.5%+1.2pp | |
| Return on assets | 66.9%-1.6pp | 68.5%-0.9pp | 69.4%-0.7pp | 70.2%-0.2pp | 70.3%+1.1pp | |
| Return on invested capital | 78.9%-2.0pp | 80.9%-1.2pp | 82%-0.9pp | 82.9%-0.2pp | 83.1%+1.3pp | |
| Efficiency | ||||||
| Asset turnover | 5.2×0.0× | 5.2×0.0× | 5.2×0.0× | 5.2×0.0× | 5.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 5.3×-0.6× | 6×-0.3× | 6.2×-0.1× | 6.3×-0.1× | 6.4×-0.1× | |
| Quick ratio | 5.2×-0.6× | 5.8×-0.3× | 6.1×-0.1× | 6.2×-0.1× | 6.2×-0.1× | |
| Cash ratio | 2×-0.5× | 2.4×-0.3× | 2.8×-0.1× | 2.8×0.0× | 2.9×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 6.9×+0.9× | 6×+0.6× | 5.5×+0.3× | 5.2×+0.2× | 5×+0.1× | |
| Debt-to-assets | 2.2×+0.1× | 2.1×+0.1× | 2.1×0.0× | 2×0.0× | 2×0.0× | |
| Net debt / EBITDA | 7.9×+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 / earnings | 142.5×-14.9× | 157.4×-21.7× | 179.1×-19.0× | 198.1×-13.3× | 211.3×-17.9× | |
| Price / sales | 18.4×-2.5× | 20.8×-3.2× | 24×-2.7× | 26.7×-1.7× | 28.4×-1.9× | |
| Price / book | 71.8×-2.2× | 74×-5.2× | 79.2×-5.5× | 84.7×-2.3× | 87×-4.2× | |
| EV / EBITDA | 103.3×-10.4× | 113.7×-14.8× | 128.5×-12.7× | 141.2×-8.2× | 149.4×-11.1× | |
| EV / sales | 19.9×-2.4× | 22.3×-3.1× | 25.4×-2.7× | 28.1×-1.7× | 29.8×-1.9× | |
| Free cash flow yield | 11.6%+1.4pp | 10.1%+1.1pp | 9%+1.4pp | 7.6%+0.5pp | 7.1%+0.5pp | |
| Earnings yield | 11.6%+1.2pp | 10.5%+1.3pp | 9.2%+1.0pp | 8.1%+0.5pp | 7.7%+0.7pp |
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.
