Chipotle Mexican Grill Inc (CMG)
Consumer Discretionary · Restaurants · US stock · S&P 500 component
$29.89
▼ -0.69 (2.26%)
Fair valueUndervalued
$43 +43.2% to fair value
$21fair band $30–$56$64
Day's range
$29.77 – $31.06
52-week range
$28.04 – $42.74
About Chipotle Mexican Grill Inc
Chipotle Mexican Grill operates a chain of fast casual restaurants that serve burritos, bowls, tacos and salads made from ingredients prepared in each kitchen. Customers order in the restaurant, through a digital app or through delivery partners. The company earns money by selling meals at its own company-operated locations, while a small portion of income comes from other items such as delivery fees. Growth depends on opening new restaurants and on traffic at existing ones.
Revenue for the last twelve months was $12.4 billion, and it grew by 11.4% a year over three years. The operating margin is 14.7%, and return on invested capital reached 91%. It does not pay a dividend. Its X-Ray Score is 60 out of 100. These figures describe past results and say nothing certain about the future.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $28.04 – $42.74Volume 17,209,200Daily, split-adjusted
Vitals
Market cap$38.2B
52-week range$28.04 – $42.74
Volume (last day)17,209,200
P/E (TTM)27.7
EBIT / EV yield4.8%
Free-cash-flow yield4.1%
Dividend yieldNo dividend
Revenue (TTM)$12.4B
Net income (TTM)$1.4B
Operating margin14.7%
Return on capital90.8%
Debt incl. leasesData missing
Cash & securities$678M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$43model spread $35 – $45
Undervalued
+43.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $30
Undervalued < $30Fair $30 – $56Overvalued > $56
10-year DCF (market-scaled)
$67
Peer multiples
$25
Earnings power floor (not blended)
$13
Fundamentals-adjusted multiple
$36
Growth the price implies
12.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Weak
47/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield4.1%
Fair value vs price1.4×
Growth
Strong
70/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)11.4%
EPS growth (3y)21.2%
Growth consistency100%
Profitability
Strong
74/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital90.8%
Operating margin14.7%
Financial health
Fair
50/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+6.4%
Mar '25
+3.0%
Jun '25
+7.5%
Sep '25
+4.9%
Dec '25
+7.4%
Mar '26
+9.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.3B, diluted EPS $0.32.
Compare with peers
DPZ Dominos Pizza Inc63 DRI Darden Restaurants Inc53 MCD Mcdonalds Corp53 YUM Yum Brands Inc47Other Restaurants companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 7 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 62/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $7.5B | $8.6B | $9.9B | $11.3B | $11.9B |
| Operating income | $805M | $1.2B | $1.6B | $1.9B | $1.9B |
| Net income | $653M | $899M | $1.2B | $1.5B | $1.5B |
| Operating cash flow | $1.3B | $1.3B | $1.8B | $2.1B | $2.1B |
| Operating margin | 10.7% | 13.4% | 15.8% | 16.9% | 16.2% |
| Free cash flow | $840M | $844M | $1.2B | $1.5B | $1.4B |
| Diluted EPS | $22.90 | $0.64 | $0.89 | $1.11 | $1.14 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 30.85 | Bearish |
| EMA 10 | 30.88 | Bearish |
| SMA 20 | 31.54 | Bearish |
| EMA 20 | 31.72 | Bearish |
| SMA 50 | 33.90 | Bearish |
| EMA 50 | 33.04 | Bearish |
| SMA 100 | 33.43 | Bearish |
| EMA 100 | 33.63 | Bearish |
| SMA 200 | 34.55 | Bearish |
| EMA 200 | 35.12 | Bearish |
Oscillators (daily)
| RSI (14) | 34.29 | Neutral |
| MACD (12, 26) | -1.08 | Bearish |
| Momentum (12) | -6.45 | Bearish |
| Stochastic %K (14) | 3.31 | Bullish |
| Williams %R (14) | -96.69 | Bullish |
| CCI (20) | -117.1 | Bullish |
Pivot points (classic, last session)
S3 28.13 | S2 28.95 | S1 29.42 | Pivot 30.24 | R1 30.71 | R2 31.53 | R3 32.00 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
CMG SEC filings
14 Sep 2026
8-KSEC EDGAR
Director or officer change
5 Aug 2026
8-KSEC EDGAR
Regulation FD disclosure
31 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations; Other events
8 Jul 2026
8-KSEC EDGAR
Other events
17 Jun 2026
8-KSEC EDGAR
Shareholder vote results
30 Apr 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.