Chipotle is a leading fast-casual, Mexican-inspired restaurant chain, generating $11.9 billion in sales across 3,983 company-operated US locations, 104 international units primarily in Canada and Europe, and 14 licensed stores largely operated in the Middle East at the end of 2025.
It is a $40.0B consumer company. Revenue grew 7.3% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~2.6 years of free cash flow. It trades at 28.2× earnings — near the lowest of its own history.
- Website
- chipotle.com
- Location
- Newport Beach, CA
- Employees
- 130 301
- Sector
- Consumer Cyclical
- Founded
- 1993
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and quality.
Valuation69
- P/E vs own history3th pct · 25/25
- FCF yield3.9% · 12/25
- P/S3.2x · 20/25
- EV/EBITDA18.1x · 12/25
Growth75
- Revenue CAGR12.1% · 20/25
- Net income CAGR23.8% · 25/25
- EPS CAGR ~5Y35.5% · 25/25
- Fwd implied growth2.5% · 5/25
Profitability77
- ROIC22.4% · 20/25
- ROE53.3% · 25/25
- Net margin11.4% · 20/25
- Operating margin14.7% · 12/25
Health61
- Altman Z4.68 · 25/25
- Current ratio0.72 · 6/25
- Interest coverage409.1x · 25/25
- Net cash / debtD/A 45% · 5/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.96 · 25/25
- FCF conversion111% · 25/25
- Margin stabilityσ 4.8% · 25/25
Moat62
- ROIC >12% years9/10 yrs · 25/25
- Median gross margin12.1% · 0/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 3.6% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026MilestoneChipotle opened its first restaurant in Mexico in San Pedro Garza Garcia, Nuevo Leon, in partnership…
- FY2025FinancialBest year on record$1.54B net income
- FY2024FinancialRevenue crossed $10B$11.3B for the year
- 2023MilestoneChipotle opened their first Farmesa Fresh Eatery in Santa Monica, California, serving bowls…
- FY2018FinancialRevenue crossed $1B$4.86B for the year
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2014MilestoneChipotle announced an increase in menu prices for the first time in nearly three years, due to…
- 2008MilestoneChipotle opened its first location outside of the United States in Toronto
- 2001MilestoneMcDonald's had grown to be Chipotle's largest investor
- 1998MilestoneChipotle had 16 restaurants (all in Colorado) when McDonald's became a major investor in 1998
- Jul 13, 1993FoundedIt was founded by Steve Ells on July 13, 1993
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 409.1× by operating earnings
- High returns on invested capital (ROIC 22.4%)
- Altman Z-Score 4.68 — low bankruptcy-risk zone
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+7.3% YoY
- Profitable — makes more than it spends$1.42B TTM
- Profit growing — earnings are higher than last year+21.3% YoY
- Generates cash — cash left after running and investing$1.57B TTM
- Debt under control — could handle its obligations~2.6y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$40.0B market cap
- Not printing shares — share count not ballooning — you keep your slice-5.5% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 4.7 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 28.2
Peer comparisonChipotle Mexican Grill, Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CMG this company | $40.0B | 28.2 | +7.3% | 11.4% | Solid |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: CMG vs AMZN · CMG vs TSLA · CMG vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CMG
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CMG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $31.60 · market cap $40.0B.