Chipotle Mexican Grill Inc. (CMG) reported $12.71B of revenue for the twelve months ended Sep 30, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $11.93B.

Yes. Chipotle Mexican Grill Inc. earned $1.38B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.8%.

How much cash and debt does CMG have?

Chipotle Mexican Grill Inc. reported $634.21M in cash and cash equivalents on its most recent balance sheet in SEC filings.

How fast is CMG revenue growing?

Chipotle Mexican Grill Inc.'s revenue changed +5.4% in fiscal 2025, to $11.93B. Its compound annual growth rate was +14.8% over 5 years.

What is CMG free cash flow?

Chipotle Mexican Grill Inc. generated $1.51B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.35B less capital expenditures.

What is CMG earnings per share?

Diluted earnings per share were $1.07 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did CMG last report financial results?

The latest statements here come from Chipotle Mexican Grill Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Financials · CMG

Chipotle Mexican Grill Inc. (CMG) financials

For the twelve months ended Sep 30, 2026, Chipotle Mexican Grill Inc. reported $12.71B of revenue and $1.38B of net income.

Revenue, TTM: $12.71B
Revenue growth, YoY: +7.9%
Net income, TTM: $1.38B
Net income growth, YoY: -10.4%
Net margin: 10.8%
Free cash flow, TTM: $1.51B
EPS, diluted, TTM: $1.07
EPS growth, YoY: -5.3%
Cash: $634.21M
P/E: 32.52
P/S: 3.52
Market cap: $44.78B

Annual revenue$11.93B

FY2016FY2025

Annual net income$1.54B

FY2016FY2025

Annual free cash flow$1.45B

FY2016FY2025

CMG revenue and earnings growth

CMG revenueQ3 2026$3.29B

Quarter YoY: +9.6%
QoQ: -1.7%
FY YoY: +5.4%
5Y CAGR: +14.8%

CMG revenue was $3.29B in fiscal Q3 2026 (ended Sep 30, 2026), up 9.6% from a year earlier and down 1.7% from the prior quarter. For the full fiscal 2025 it was $11.93B, up 5.4% from fiscal 2024. Compound annual growth was +14.8% over 5 years. It rose in each of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

CMG net incomeQ3 2026$339.87M

Quarter YoY: -11.1%
QoQ: -15.8%
FY YoY: +0.1%
5Y CAGR: +34.0%
10Y CAGR: +12.4%

CMG net income was $339.87M in fiscal Q3 2026 (ended Sep 30, 2026), down 11.1% from a year earlier and down 15.8% from the prior quarter. For the full fiscal 2025 it was $1.54B, up 0.1% from fiscal 2024. Compound annual growth was +34.0% over 5 years and +12.4% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CMG EPSQ3 2026$0.27

Quarter YoY: -6.9%
QoQ: -15.6%
FY YoY: +2.7%
5Y CAGR: +35.4%
10Y CAGR: +14.2%

CMG diluted EPS was $0.27 in fiscal Q3 2026 (ended Sep 30, 2026), down 6.9% from a year earlier and down 15.6% from the prior quarter. For the full fiscal 2025 it was $1.14, up 2.7% from fiscal 2024. Compound annual growth was +35.4% over 5 years and +14.2% over 10 years.

CMG free cash flowQ3 2026$347.14M

Quarter YoY: -14.5%
QoQ: -25.1%
FY YoY: -4.2%
5Y CAGR: +37.9%
10Y CAGR: +13.0%

CMG free cash flow was $347.14M in fiscal Q3 2026 (ended Sep 30, 2026), down 14.5% from a year earlier and down 25.1% from the prior quarter. For the full fiscal 2025 it was $1.45B, down 4.2% from fiscal 2024. Compound annual growth was +37.9% over 5 years and +13.0% over 10 years. It rose in 7 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$11.93B	$11.31B	$9.87B	$8.63B	$7.55B	$5.98B	$5.59B	$4.86B	$4.48B	$3.90B
Selling, general and admin	$652.02M	$697.48M	$633.58M	$564.19M	$606.85M	$466.29M	$451.55M	$375.46M	$296.39M	$276.24M
Operating income	$1.94B	$1.92B	$1.56B	$1.16B	$804.94M	$290.16M	$443.96M	$258.37M	$270.79M	$34.57M
Pre-tax income	$2.01B	$2.01B	$1.62B	$1.18B	$812.76M	$293.78M	$458.29M	$268.44M	$275.74M	$38.74M
Income tax	$473.76M	$476.12M	$391.77M	$282.43M	$159.78M	-$61.98M	$108.13M	-$91.88M	$99.49M	$15.80M
Net income	$1.54B	$1.53B	$1.23B	$899.10M	$652.98M	$355.77M	$350.16M	$176.55M	$176.25M	$22.94M
EPS, basic	$1.15	$1.12	$0.89	$0.65	$0.46	$0.25	$0.25	$0.13	$0.12	$0.02
EPS, diluted	$1.14	$1.11	$0.89	$0.64	$0.46	$0.25	$0.25	$0.13	$0.12	$0.02
Diluted shares	1.34B	1.38B	1.39B	1.40B	1.43B	1.42B	1.41B	1.40B	1.43B	1.49B

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$350.55M	$778.38M	$586.16M	$408.97M	$846.23M	$635.84M	$508.48M	$280.15M	$214.17M	$116.37M
Short-term investments	$698.59M	$674.38M	$734.84M	$515.14M	$260.94M	$343.62M	$400.16M	$426.85M	$324.38M	$329.84M
Receivables	$156.47M	$143.96M	$115.53M	$106.88M	$99.60M	$104.50M	$80.55M	$62.31M	$40.45M	$40.45M
Inventory	$49.51M	$48.94M	$39.31M	$35.67M	$32.83M	$26.45M	$26.10M	$21.55M	$19.86M	$15.02M
Current assets	$1.47B	$1.78B	$1.62B	$1.18B	$1.38B	$1.42B	$1.07B	$814.79M	$629.53M	$522.37M
Goodwill	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M
Total assets	$8.99B	$9.20B	$8.04B	$6.93B	$6.65B	$5.98B	$5.10B	$2.27B	$2.05B	$2.03B
Current liabilities	$1.19B	$1.17B	$1.03B	$921.88M	$873.68M	$822.20M	$666.59M	$449.99M	$323.89M	$281.79M
Total debt	$0	$0	$0	$0	$0	$0	$0	-	-	-
Total liabilities	$6.16B	$5.55B	$4.98B	$4.56B	$4.36B	$3.96B	$3.42B	$824.18M	$681.25M	$623.61M
Shareholders' equity	$2.83B	$3.66B	$3.06B	$2.37B	$2.30B	$2.02B	$1.68B	$1.44B	$1.36B	$1.40B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$2.11B	$2.11B	$1.78B	$1.32B	$1.28B	$663.85M	$721.63M	$621.55M	$468.22M	$355.16M
Capital expenditures	$666.34M	$593.60M	$560.73M	$479.16M	$442.48M	$373.35M	$333.91M	$287.39M	$216.78M	$258.84M
Free cash flow	$1.45B	$1.51B	$1.22B	$844.01M	$839.61M	$290.50M	$387.72M	$334.16M	$251.44M	$96.32M
Investing cash flow	-$35.08M	-$837.53M	-$946.01M	-$830.03M	-$522.04M	-$432.72M	-$291.97M	-$387.58M	-$86.58M	$326.81M
Financing cash flow	-$2.47B	-$1.07B	-$660.65M	-$929.40M	-$548.61M	-$104.85M	-$201.74M	-$166.53M	-$285.89M	-$836.28M
Share repurchases	$2.43B	$1.00B	$592.35M	$830.14M	$466.46M	$54.40M	$190.62M	$160.94M	$285.22M	$836.76M
Stock-based compensation	$119.54M	$131.73M	$124.02M	$98.03M	$176.39M	$82.63M	$91.40M	$69.16M	$65.25M	$64.17M
Depreciation and amortization	$361.38M	$335.03M	$319.39M	$286.83M	$254.66M	$238.53M	$212.78M	$201.98M	$163.35M	$146.37M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.4%	14.6%	14.3%	14.4%	26.1%	7.1%	14.8%	8.7%	14.7%	-
Net income growth, YoY	0.1%	24.9%	36.7%	37.7%	83.5%	1.6%	98.3%	0.2%	668.4%	-95.2%
EPS growth, YoY	2.7%	24.7%	39.1%	39.7%	82.9%	1.1%	96.2%	2.3%	701.3%	-94.9%
Operating margin	16.2%	16.9%	15.8%	13.4%	10.7%	4.8%	7.9%	5.3%	6.0%	0.9%
Net margin	12.9%	13.6%	12.4%	10.4%	8.7%	5.9%	6.3%	3.6%	3.9%	0.6%
Free cash flow margin	12.1%	13.4%	12.4%	9.8%	11.1%	4.9%	6.9%	6.9%	5.6%	2.5%
Return on equity	54.3%	42.0%	40.1%	38.0%	28.4%	17.6%	20.8%	12.2%	12.9%	1.6%
Return on assets	17.1%	16.7%	15.3%	13.0%	9.8%	5.9%	6.9%	7.8%	8.6%	1.1%
Current ratio	1.23	1.52	1.57	1.28	1.58	1.73	1.61	1.81	1.94	1.85
Debt to equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$3.29B	$3.35B	$3.09B	$2.98B	$3.00B	$3.06B	$2.88B	$2.85B	$2.79B	$2.97B	$2.70B	$2.52B
Selling, general and admin	$185.23M	$190.47M	$203.72M	$160.34M	$146.74M	$172.15M	$172.78M	$191.22M	$126.61M	$175.03M	$204.63M	$169.25M
Operating income	$451.96M	$525.60M	$397.06M	$420.32M	$477.17M	$559.06M	$479.25M	$415.73M	$473.26M	$586.05M	$441.29M	$363.45M
Pre-tax income	$457.13M	$533.27M	$405.81M	$433.64M	$496.96M	$577.41M	$501.50M	$439.10M	$502.56M	$607.91M	$460.66M	$382.35M
Income tax	$117.25M	$129.72M	$102.98M	$102.71M	$114.86M	$141.28M	$114.90M	$107.33M	$115.17M	$152.24M	$101.37M	$100.27M
Net income	$339.87M	$403.55M	$302.82M	$330.93M	$382.10M	$436.13M	$386.60M	$331.76M	$387.39M	$455.67M	$359.29M	$282.09M
EPS, basic	$0.27	$0.32	$0.23	$0.25	$0.29	$0.32	$0.29	$0.25	$0.28	$0.33	$0.26	$0.20
EPS, diluted	$0.27	$0.32	$0.23	$0.25	$0.29	$0.32	$0.28	$0.24	$0.28	$0.33	$0.26	$0.20
Diluted shares	1.27B	1.28B	1.30B	-	1.34B	1.35B	1.36B	-	1.37B	1.38B	1.38B	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$634.21M	$228.20M	$246.64M	$350.55M	$729.64M	$875.23M	$756.12M	$778.38M	$726.52M	$834.19M	$753.53M	$586.16M
Short-term investments	$268.35M	$449.66M	$624.79M	$698.59M	$722.53M	$701.97M	$689.13M	$674.38M	$668.68M	$683.29M	$692.47M	$734.84M
Receivables	$99.54M	$100.31M	$94.93M	$156.47M	$95.84M	$105.00M	$101.59M	$143.96M	$93.20M	$97.54M	$89.84M	$115.53M
Inventory	$48.87M	$46.62M	$44.69M	$49.51M	$46.44M	$40.40M	$41.39M	$48.94M	$49.85M	$35.56M	$37.95M	$39.31M
Current assets	$1.17B	$940.74M	$1.14B	$1.47B	$1.77B	$1.87B	$1.66B	$1.78B	$1.68B	$1.79B	$1.65B	$1.62B
Goodwill	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M	$21.94M
Total assets	$9.43B	$8.86B	$8.80B	$8.99B	$9.28B	$9.27B	$9.04B	$9.20B	$9.01B	$8.92B	$8.41B	$8.04B
Current liabilities	$1.45B	$1.32B	$1.24B	$1.19B	$1.15B	$1.13B	$1.09B	$1.17B	$1.04B	$1.04B	$997.35M	$1.03B
Total debt	-	-	-	$0	-	-	-	$0	-	-	-	$0
Total liabilities	$6.98B	$6.66B	$6.40B	$6.16B	$6.06B	$5.74B	$5.55B	$5.55B	$5.40B	$5.21B	$5.05B	$4.98B
Shareholders' equity	$2.46B	$2.20B	$2.41B	$2.83B	$3.22B	$3.53B	$3.49B	$3.66B	$3.61B	$3.71B	$3.36B	$3.06B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$590.13M	$680.65M	$651.35M	$425.84M	$569.68M	$561.33M	$557.08M	$526.77M	$446.49M	$562.58M	$569.23M	$265.46M
Capital expenditures	$243.00M	$217.27M	$180.33M	$197.46M	$163.49M	$160.59M	$144.81M	$172.88M	$147.53M	$140.49M	$132.70M	$171.93M
Free cash flow	$347.14M	$463.38M	$471.02M	$228.39M	$406.19M	$400.74M	$412.26M	$353.88M	$298.97M	$422.09M	$436.53M	$93.53M
Investing cash flow	-$67.89M	-$45.28M	-$8.07M	-$27.75M	-$15.40M	$1.99M	$6.08M	-$136.03M	-$64.24M	-$336.21M	-$301.04M	-$152.01M
Financing cash flow	-$115.95M	-$654.01M	-$747.49M	-$741.60M	-$700.47M	-$443.66M	-$585.17M	-$338.74M	-$489.56M	-$145.33M	-$100.07M	-$155.28M
Share repurchases	$110.03M	$653.88M	$701.03M	$741.80M	$686.66M	$443.26M	$553.80M	$338.95M	$490.24M	$145.36M	$27.00M	$155.04M
Stock-based compensation	$31.85M	$26.52M	$28.00M	$25.58M	$18.82M	$37.55M	$37.60M	$45.83M	$4.66M	$45.24M	$36.00M	$37.46M
Depreciation and amortization	$102.61M	$98.33M	$96.72M	$92.70M	$90.52M	$90.94M	$87.21M	$83.88M	$84.35M	$83.56M	$83.24M	$85.49M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	9.6%	9.3%	7.4%	4.9%	7.5%	3.0%	6.4%	13.1%	13.0%	18.2%	14.1%	15.4%
Net income growth, YoY	-11.1%	-7.5%	-21.7%	-0.3%	-1.4%	-4.3%	7.6%	17.6%	23.7%	33.3%	23.2%	26.1%
EPS growth, YoY	-6.9%	0.0%	-17.9%	4.2%	3.6%	-3.0%	7.7%	20.0%	21.7%	32.0%	23.8%	25.0%
Operating margin	13.7%	15.7%	12.9%	14.1%	15.9%	18.2%	16.7%	14.6%	16.9%	19.7%	16.3%	14.4%
Net margin	10.3%	12.1%	9.8%	11.1%	12.7%	14.2%	13.4%	11.7%	13.9%	15.3%	13.3%	11.2%
Free cash flow margin	10.5%	13.8%	15.3%	7.7%	13.5%	13.1%	14.3%	12.4%	10.7%	14.2%	16.2%	3.7%
Current ratio	0.81	0.72	0.92	1.23	1.54	1.65	1.52	1.52	1.62	1.71	1.65	1.57
Debt to equity	-	-	-	0.00	-	-	-	0.00	-	-	-	0.00

Source: XBRL data Chipotle Mexican Grill Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 50-for-1, first reported Jul 25, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CMG peers

Company	Revenue	Growth	Net income	Net margin	Market cap
CMG	$12.71B	+7.9%	$1.38B	10.8%	$44.78B
MCDMcDonald's Corporation	$27.70B	+6.3%	$8.79B	31.7%	$196.75B
SBUXStarbucks Corporation	$38.34B	+4.5%	$1.98B	5.2%	$121.02B
YUMYum! Brands Inc.	$8.72B	+10.3%	$2.22B	25.4%	$45.33B
QSRRestaurant Brands International Inc.	$9.78B	+5.5%	$1.76B	18.1%	$35.45B
DRIDarden Restaurants Inc.	$13.37B	+8.1%	$1.18B	8.8%	$25.87B
YUMCYum China Holdings Inc.	$12.71B	+9.9%	$1.00B	7.9%	$17.04B
ARMKAramark	$19.85B	+11.0%	$382.91M	1.9%	$13.26B
TXRHTexas Roadhouse Inc.	$6.23B	+9.9%	$413.17M	6.6%	$12.59B

CMG FAQ

8 questions

What is CMG revenue?
Chipotle Mexican Grill Inc. (CMG) reported $12.71B of revenue for the twelve months ended Sep 30, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $11.93B.
Is CMG profitable?
Yes. Chipotle Mexican Grill Inc. earned $1.38B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.8%.
How much cash and debt does CMG have?
Chipotle Mexican Grill Inc. reported $634.21M in cash and cash equivalents on its most recent balance sheet in SEC filings.
How fast is CMG revenue growing?
Chipotle Mexican Grill Inc.'s revenue changed +5.4% in fiscal 2025, to $11.93B. Its compound annual growth rate was +14.8% over 5 years.
What is CMG free cash flow?
Chipotle Mexican Grill Inc. generated $1.51B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.35B less capital expenditures.
What is CMG earnings per share?
Diluted earnings per share were $1.07 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did CMG last report financial results?
The latest statements here come from Chipotle Mexican Grill Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this CMG financial data come from?
Quantisnow builds these statements from the structured XBRL data Chipotle Mexican Grill Inc. files with the SEC. It is provided for information only and is not investment advice.