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NYSE · Consumer Discretionary

CHIPOTLE MEXICAN GRILL INC (CMG)

As-reported financials and SEC filings for CHIPOTLE MEXICAN GRILL INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CHIPOTLE MEXICAN GRILL INC

Chipotle Mexican Grill Inc operates a chain of restaurants offering a menu that includes burritos, burrito bowls, quesadillas, tacos, and salads. The company owns and operates thousands of restaurants primarily in the United States, with additional locations internationally, serving customers who seek responsibly sourced, high-quality food without artificial additives. Chipotle emphasizes food safety, sustainability, and digital innovation to enhance the customer experience and supports employee growth and inclusivity within its workforce.

Snapshot

Revenue
$11.93B
Revenue growth (YoY)
5.4%
Net income
$1.54B
Diluted EPS
$1.14
Gross margin
Operating margin
16.2%
Net margin
12.9%
FCF margin
12.1%
ROE
54.3%
net income / fiscal-year-end equity
P/E
33.4×
trailing when available, otherwise FY EPS
Market cap
$45.59B
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Chipotle Mexican Grill

  • Revenue grew 5.4% to $11.9B in FY2025, slower than the 14.6% the year before.
  • Operating margin is 16.2% in FY2025, +5.6 pp against 10.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $3.3B, up 9.3% from Q2 FY2025.
  • Free cash flow was $1.4B in FY2025, 12.1% of revenue.
  • Net income rose 0.1% to $1.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Chipotle Mexican Grill’s fundamentals sit among the 42 restaurant companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin16.2%
85th percentile of 40
Net margin12.9%
93rd percentile of 42
FCF margin12.1%
83rd percentile of 42
Revenue growth (YoY)+5.4%
51st percentile of 42
ROE54.3%
93rd percentile of 29
P/E33.4×
81st percentile of 27
Long-term debt / equity0.00×
1st percentile of 23
Short interest1.82d
15th percentile of 41

Chipotle Mexican Grill’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 23 restaurant companies reporting it. Chipotle Mexican Grill’s net margin of 12.9% ranks in the 93rd percentile of the 42 restaurant companies reporting it. Chipotle Mexican Grill’s return on equity of 54.3% ranks in the 93rd percentile of the 29 restaurant companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $95,631. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.56B
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$628.5M18.5MAdded
D. E. ShawquantQ2 2026$336.8M9.9MReduced
Citadel AdvisorsquantQ2 2026$259.3M7.6MAdded
AQR Capital ManagementquantQ2 2026$153.6M4.6MReduced
Renaissance TechnologiesquantQ2 2026$114.4M3.4MAdded
Point72 Asset ManagementquantQ2 2026$31.3M920.6KNew
Millennium ManagementquantQ2 2026$21.4M628.2KReduced
Gotham Asset ManagementQ2 2026$9.8M289.2KReduced
Bridgewater AssociatesQ2 2026$2.5M73.9KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$96K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-24
Bush Matthew RController, PAOSell2.7K$35.75$96K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
38.3M
settled 2026-08-14
Change vs prior
-1.9%
vs previous settlement
Days to cover
1.82
at avg daily volume
Avg daily volume
21.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1438.3M-1.9%1.82
2026-07-3139.0M-22.9%2.17
2026-07-1550.6M-2.5%3.03
2026-06-3051.9M+3.8%2.29
2026-06-1550.0M+12.0%2.05
2026-05-2944.7M+5.1%2.60
2026-05-1542.5M+0.2%2.67
2026-04-3042.4M+14.8%2.26

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$11.93B$11.31B$9.87B$8.63B$7.55B
Gross profit
Operating income$1.94B$1.92B$1.56B$1.16B$804.9M
Net income$1.54B$1.53B$1.23B$899.1M$653.0M
Diluted EPS$1.14$1.11$0.89$0.64$0.47

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$350.5M$748.5M$560.6M$384.0M$815.4M
Current assets$1.47B$1.78B$1.62B$1.18B$1.38B
Total assets$8.99B$9.20B$8.04B$6.93B$6.65B
Current liabilities$1.19B$1.17B$1.03B$921.9M$873.7M
Long-term debt$0$0$0$0$0
Total liabilities$6.16B$5.55B$4.98B$4.56B$4.36B
Total equity$2.83B$3.66B$3.06B$2.37B$2.30B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.11B$2.11B$1.78B$1.32B$1.28B
Capital expenditure$666.3M$593.6M$560.7M$479.2M$442.5M
Free cash flow$1.45B$1.51B$1.22B$844.0M$839.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.35B9.3%$403.5M$0.32
Q1 FY2026$3.09B7.4%$302.8M$0.23
Q4 FY2025$2.98B4.9%$330.9M$0.25
Q3 FY2025$3.00B7.5%$382.1M$0.29
Q2 FY2025$3.06B3.0%$436.1M$0.32
Q1 FY2025$2.88B6.4%$386.6M$0.28
Q4 FY2024$2.85B13.1%$331.8M$0.24
Q3 FY2024$2.79B13.0%$387.4M$0.28

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Eating Places
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1058090

Selected SEC filings

10-K2026-02-04
View on EDGAR →
10-K2025-02-05
View on EDGAR →
10-Q2026-07-31
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-24
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-29
View on EDGAR →

Largest restaurant peers

All restaurant stocksAll Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.