Logo image of CMG

CHIPOTLE MEXICAN GRILL INC (CMG) Stock Fundamental Analysis

NYSE:CMG - US1696561059 - Common Stock

43.64 USD
+0.73 (+1.7%)
Last: 8/22/2025, 8:04:00 PM
43.64 USD
0 (0%)
After Hours: 8/22/2025, 8:04:00 PM
Fundamental Rating

7

CMG gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 131 industry peers in the Hotels, Restaurants & Leisure industry. CMG has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CMG is valued quite expensive, but it does show an excellent growth. This makes CMG very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

Quickly go to:

8

1. Profitability

1.1 Basic Checks

In the past year CMG was profitable.
In the past year CMG had a positive cash flow from operations.
CMG had positive earnings in each of the past 5 years.
CMG had a positive operating cash flow in each of the past 5 years.
CMG Yearly Net Income VS EBIT VS OCF VS FCFCMG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

CMG has a Return On Assets of 16.64%. This is amongst the best in the industry. CMG outperforms 95.42% of its industry peers.
CMG has a Return On Equity of 43.70%. This is amongst the best in the industry. CMG outperforms 91.60% of its industry peers.
CMG has a Return On Invested Capital of 18.27%. This is amongst the best in the industry. CMG outperforms 90.84% of its industry peers.
CMG had an Average Return On Invested Capital over the past 3 years of 16.89%. This is in line with the industry average of 15.79%.
The 3 year average ROIC (16.89%) for CMG is below the current ROIC(18.27%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.64%
ROE 43.7%
ROIC 18.27%
ROA(3y)14.97%
ROA(5y)12.14%
ROE(3y)40.02%
ROE(5y)33.22%
ROIC(3y)16.89%
ROIC(5y)13.28%
CMG Yearly ROA, ROE, ROICCMG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

Looking at the Profit Margin, with a value of 13.32%, CMG belongs to the top of the industry, outperforming 83.21% of the companies in the same industry.
In the last couple of years the Profit Margin of CMG has grown nicely.
CMG has a better Operating Margin (16.88%) than 74.05% of its industry peers.
CMG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 31.11%, CMG is doing worse than 74.81% of the companies in the same industry.
In the last couple of years the Gross Margin of CMG has grown nicely.
Industry RankSector Rank
OM 16.88%
PM (TTM) 13.32%
GM 31.11%
OM growth 3Y16.04%
OM growth 5Y14.88%
PM growth 3Y16.16%
PM growth 5Y16.69%
GM growth 3Y3.22%
GM growth 5Y2.96%
CMG Yearly Profit, Operating, Gross MarginsCMG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

More info and screens

9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CMG is creating value.
The number of shares outstanding for CMG has been reduced compared to 1 year ago.
Compared to 5 years ago, CMG has less shares outstanding
CMG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CMG Yearly Shares OutstandingCMG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
CMG Yearly Total Debt VS Total AssetsCMG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

CMG has an Altman-Z score of 8.36. This indicates that CMG is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 8.36, CMG belongs to the best of the industry, outperforming 90.84% of the companies in the same industry.
There is no outstanding debt for CMG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 8.36
ROIC/WACC2.02
WACC9.03%
CMG Yearly LT Debt VS Equity VS FCFCMG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

CMG has a Current Ratio of 1.65. This is a normal value and indicates that CMG is financially healthy and should not expect problems in meeting its short term obligations.
CMG's Current ratio of 1.65 is fine compared to the rest of the industry. CMG outperforms 76.34% of its industry peers.
CMG has a Quick Ratio of 1.62. This is a normal value and indicates that CMG is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CMG (1.62) is better than 80.15% of its industry peers.
Industry RankSector Rank
Current Ratio 1.65
Quick Ratio 1.62
CMG Yearly Current Assets VS Current LiabilitesCMG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

More info and screens

7

3. Growth

3.1 Past

CMG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.43%, which is quite good.
Measured over the past years, CMG shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.99% on average per year.
Looking at the last year, CMG shows a quite strong growth in Revenue. The Revenue has grown by 8.57% in the last year.
CMG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.16% yearly.
EPS 1Y (TTM)9.43%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%-2.94%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%3.04%

3.2 Future

The Earnings Per Share is expected to grow by 16.25% on average over the next years. This is quite good.
Based on estimates for the next years, CMG will show a quite strong growth in Revenue. The Revenue will grow by 11.74% on average per year.
EPS Next Y8.98%
EPS Next 2Y12.86%
EPS Next 3Y14.39%
EPS Next 5Y16.25%
Revenue Next Year7.35%
Revenue Next 2Y9.94%
Revenue Next 3Y10.54%
Revenue Next 5Y11.74%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
CMG Yearly Revenue VS EstimatesCMG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B 25B
CMG Yearly EPS VS EstimatesCMG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3 4

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

CMG is valuated quite expensively with a Price/Earnings ratio of 38.28.
CMG's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.24. CMG is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 30.39, the valuation of CMG can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMG is on the same level as its industry peers.
CMG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 35.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 38.28
Fwd PE 30.39
CMG Price Earnings VS Forward Price EarningsCMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CMG is valued a bit more expensive than the industry average as 70.99% of the companies are valued more cheaply.
CMG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 39.92
EV/EBITDA 24.45
CMG Per share dataCMG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CMG does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of CMG may justify a higher PE ratio.
A more expensive valuation may be justified as CMG's earnings are expected to grow with 14.39% in the coming years.
PEG (NY)4.26
PEG (5Y)1.2
EPS Next 2Y12.86%
EPS Next 3Y14.39%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for CMG!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

CHIPOTLE MEXICAN GRILL INC

NYSE:CMG (8/22/2025, 8:04:00 PM)

After market: 43.64 0 (0%)

43.64

+0.73 (+1.7%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)10-27 2025-10-27/amc
Inst Owners90.23%
Inst Owner Change-3.98%
Ins Owners0.33%
Ins Owner Change-1.92%
Market Cap58.52B
Analysts81.5
Price Target60.41 (38.43%)
Short Float %1.85%
Short Ratio1.46
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.22%
Min EPS beat(2)0.31%
Max EPS beat(2)2.13%
EPS beat(4)4
Avg EPS beat(4)2.36%
Min EPS beat(4)0.31%
Max EPS beat(4)5.96%
EPS beat(8)8
Avg EPS beat(8)5.1%
EPS beat(12)11
Avg EPS beat(12)4.46%
EPS beat(16)15
Avg EPS beat(16)4.4%
Revenue beat(2)0
Avg Revenue beat(2)-3.01%
Min Revenue beat(2)-3.48%
Max Revenue beat(2)-2.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-3.48%
Max Revenue beat(4)-1.07%
Revenue beat(8)3
Avg Revenue beat(8)-1.2%
Revenue beat(12)4
Avg Revenue beat(12)-1.3%
Revenue beat(16)4
Avg Revenue beat(16)-1.2%
PT rev (1m)-0.69%
PT rev (3m)0.38%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)-7.68%
EPS NY rev (1m)0.29%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-1.15%
Revenue NQ rev (3m)-3.35%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)-0.76%
Valuation
Industry RankSector Rank
PE 38.28
Fwd PE 30.39
P/S 5.05
P/FCF 39.92
P/OCF 27.98
P/B 16.59
P/tB 16.69
EV/EBITDA 24.45
EPS(TTM)1.14
EY2.61%
EPS(NY)1.44
Fwd EY3.29%
FCF(TTM)1.09
FCFY2.51%
OCF(TTM)1.56
OCFY3.57%
SpS8.63
BVpS2.63
TBVpS2.61
PEG (NY)4.26
PEG (5Y)1.2
Profitability
Industry RankSector Rank
ROA 16.64%
ROE 43.7%
ROCE 24.02%
ROIC 18.27%
ROICexc 22.56%
ROICexgc 22.64%
OM 16.88%
PM (TTM) 13.32%
GM 31.11%
FCFM 12.66%
ROA(3y)14.97%
ROA(5y)12.14%
ROE(3y)40.02%
ROE(5y)33.22%
ROIC(3y)16.89%
ROIC(5y)13.28%
ROICexc(3y)20.4%
ROICexc(5y)16.1%
ROICexgc(3y)20.47%
ROICexgc(5y)16.17%
ROCE(3y)22.21%
ROCE(5y)17.46%
ROICexcg growth 3Y18.49%
ROICexcg growth 5Y16.8%
ROICexc growth 3Y18.54%
ROICexc growth 5Y16.87%
OM growth 3Y16.04%
OM growth 5Y14.88%
PM growth 3Y16.16%
PM growth 5Y16.69%
GM growth 3Y3.22%
GM growth 5Y2.96%
F-Score7
Asset Turnover1.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 180.67%
Cap/Sales 5.41%
Interest Coverage 250
Cash Conversion 90.9%
Profit Quality 95.07%
Current Ratio 1.65
Quick Ratio 1.62
Altman-Z 8.36
F-Score7
WACC9.03%
ROIC/WACC2.02
Cap/Depr(3y)173.27%
Cap/Depr(5y)170.01%
Cap/Sales(3y)5.49%
Cap/Sales(5y)5.72%
Profit Quality(3y)97.3%
Profit Quality(5y)100.43%
High Growth Momentum
Growth
EPS 1Y (TTM)9.43%
EPS 3Y30.4%
EPS 5Y31.99%
EPS Q2Q%-2.94%
EPS Next Y8.98%
EPS Next 2Y12.86%
EPS Next 3Y14.39%
EPS Next 5Y16.25%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y14.45%
Revenue growth 5Y15.16%
Sales Q2Q%3.04%
Revenue Next Year7.35%
Revenue Next 2Y9.94%
Revenue Next 3Y10.54%
Revenue Next 5Y11.74%
EBIT growth 1Y7.95%
EBIT growth 3Y32.8%
EBIT growth 5Y32.3%
EBIT Next Year27.22%
EBIT Next 3Y18.62%
EBIT Next 5Y16.36%
FCF growth 1Y17.2%
FCF growth 3Y21.65%
FCF growth 5Y31.27%
OCF growth 1Y16.79%
OCF growth 3Y17.97%
OCF growth 5Y23.88%