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CHIPOTLE MEXICAN GRILL INC CMG

NYSE · stock · Retail-Eating Places · website · IPO 2006-01-26 · LEI

CHIPOTLE MEXICAN GRILL INC statistics & valuation

Market cap$42.8B
P / E27.8×
P / S3.6×
P / B15.1×
P / FCF29.5×
Net margin12.9%
Return on equity54.3%
FCF margin12.1%
Net cash$350.5M
Net debt / EBITDA-0.2×
Enterprise value USD$42.4B
EV / EBITDA18.5×
Earnings yield EBIT/EV4.6%
Return on capital24.8%
Graham number -77.5%$7.35

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($7.35); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
0.60% 3.90% 3.60% 6.30% 5.90% 8.70% 10.40% 12.40% 13.60% 12.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
0.90% 6.00% 5.30% 7.90% 4.80% 10.70% 13.40% 15.80% 16.90% 16.20% 2016201720182019202020212022202320242025
Return on equity (%)
1.60% 12.90% 12.20% 20.80% 17.60% 28.40% 38.00% 40.10% 42.00% 54.30% 2016201720182019202020212022202320242025
Shares outstanding
1.49B 1.43B 1.40B 1.41B 1.42B 1.43B 1.40B 1.39B 1.38B 1.34B 2016201720182019202020212022202320242025
Net debt ($)
-$480.6M -$608.0M -$815.4M -$384.0M -$560.6M -$748.5M -$350.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.10% 8.60% 7.80% 6.90% 5.90% 9.80% 13.00% 15.30% 16.70% 17.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.50% 5.60% 6.90% 6.90% 4.90% 11.10% 9.80% 12.40% 13.40% 12.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.00× 0.00× 0.00× 0.00× 0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$0.02 $0.12 $0.13 $0.25 $0.25 $0.46 $0.64 $0.89 $1.11 $1.14 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CHIPOTLE MEXICAN GRILL INC trades at about 28.6× earnings — below its 10-year norm (10-year range 34.1×–547.3×, median 64.9×).

28.6× 547.3×

Shaded band = 10-year range (34.1×–547.3×); dot = today's 28.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin16.2%16.9%15.8%13.4%10.7%4.8%7.9%5.3%6.0%0.9%
Net margin12.9%13.6%12.4%10.4%8.7%5.9%6.3%3.6%3.9%0.6%
FCF margin12.1%13.4%12.4%9.8%11.1%4.9%6.9%6.9%5.6%2.5%
Return on assets17.1%16.7%15.3%13.0%9.8%5.9%6.9%7.8%8.6%1.1%
Return on equity54.3%42.0%40.1%38.0%28.4%17.6%20.8%12.2%12.9%1.6%
Debt / equity0.00×0.00×0.00×0.00×0.00×0.00×0.00×———
Current ratio1.231.521.571.281.581.731.611.811.941.85

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.