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Chipotle Mexican Grill Inc. (CMG) Stock Fundamental Analysis & AI Rating 2026

CMG NYSE Retail-Eating Places CIK: 0001058090
Updated This Month • Analysis: Mar 22, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 29, 2026 (in 13 days) • After-hours ET • EPS est. $0.24 (vs $0.29 prior year) • All earnings →
Combined AI Rating
BUY
86% Confidence
AGREEMENT
STRONG BUY
88% Conf
BUY
85% Conf

📊 CMG Key Takeaways

Revenue: $11.9B
Net Margin: 12.9%
Free Cash Flow: $1.4B
Current Ratio: 1.23x
Debt/Equity: 0.00x
EPS: $1.14
AI Rating: STRONG BUY with 88% confidence
Chipotle Mexican Grill Inc. (CMG) receives a BUY rating with 86% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $11.9B, net profit margin of 12.9%, and return on equity (ROE) of 54.3%, Chipotle Mexican Grill Inc. demonstrates strong fundamentals in the Consumer sector. Below is our complete CMG stock analysis for 2026.

Is Chipotle Mexican Grill Inc. (CMG) a Good Investment?

Claude

Chipotle demonstrates exceptional fundamental strength with industry-leading profitability metrics (12.9% net margin, 16.2% operating margin), outstanding returns on equity (54.3%) and assets (17.1%), coupled with zero debt and robust free cash flow generation of $1.4B. Consistent revenue growth of 5.4% YoY combined with improving earnings per share (+2.7% YoY) indicates healthy operational efficiency and disciplined capital allocation without financial leverage.

ChatGPT

Chipotle shows strong core fundamentals with double-digit operating and net margins, high returns on equity and assets, and robust free cash flow generation. Its balance sheet is conservative with no long-term debt and adequate liquidity, which supports resilience and continued reinvestment. The main limitation is that profit growth has recently slowed materially versus revenue growth, so execution and margin sustainability matter more from here.

Why Buy Chipotle Mexican Grill Inc. Stock? CMG Key Strengths

Claude
  • + Exceptional profitability with 12.9% net margin and 16.2% operating margin, well above retail restaurant peers
  • + Outstanding capital efficiency with ROE of 54.3% and ROA of 17.1%, demonstrating superior management of shareholder capital
  • + Zero long-term debt and strong balance sheet with $350.5M cash, providing financial flexibility for growth investments
  • + Strong free cash flow generation of $1.4B (12.1% FCF margin) with operating cash flow of $2.1B covering 31% of revenue
  • + Consistent revenue growth of 5.4% YoY with net income growth of 0.1% and EPS growth of 2.7%, showing earnings resilience
  • + Solid liquidity position with 1.23x current ratio and 1.19x quick ratio, indicating ability to meet short-term obligations
ChatGPT
  • + Strong profitability with 16.2% operating margin and 12.9% net margin
  • + Excellent financial health with zero long-term debt and solid liquidity
  • + High-quality cash generation with $2.11B operating cash flow and $1.45B free cash flow

CMG Stock Risks: Chipotle Mexican Grill Inc. Investment Risks

Claude
  • ! Modest net income growth of 0.1% YoY suggests limited earnings expansion despite revenue growth, indicating margin pressure or operating deleverage
  • ! Capital expenditure of $666.3M (5.6% of revenue) may constrain free cash flow if expansion plans accelerate significantly
  • ! Moderate current ratio of 1.23x is lower than industry best practices, potentially limiting operational flexibility during economic downturns
  • ! Limited visibility on gross margin (not disclosed in data) raises questions about cost structure and pricing power sustainability
ChatGPT
  • ! Net income growth has nearly stalled despite revenue growth, which may signal margin pressure or rising costs
  • ! Relatively modest cash balance compared with total liabilities increases reliance on continued steady operating cash flow
  • ! Restaurant fundamentals remain exposed to labor, food, and occupancy cost inflation

Key Metrics to Watch

Claude
  • * Operating margin trend and sustainability given modest net income growth
  • * Same-store sales growth and unit economics of new restaurant openings
  • * Free cash flow conversion and capital allocation priorities between growth investments and shareholder returns
  • * Labor cost inflation impact on operating margins in the discretionary restaurant sector
  • * Comparable restaurant sales and revenue growth sustainability
ChatGPT
  • * Operating margin trend
  • * Free cash flow growth

Chipotle Mexican Grill Inc. (CMG) Financial Metrics & Key Ratios

Revenue
$11.9B
Net Income
$1.5B
EPS (Diluted)
$1.14
Free Cash Flow
$1.4B
Total Assets
$9.0B
Cash Position
$350.5M

💡 AI Analyst Insight

Chipotle Mexican Grill Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

CMG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 16.2%
Net Margin 12.9%
ROE 54.3%
ROA 17.1%
FCF Margin 12.1%

CMG vs Consumer Sector: How Chipotle Mexican Grill Inc. Compares

How Chipotle Mexican Grill Inc. compares to Consumer sector averages

Net Margin
CMG 12.9%
vs
Sector Avg 8.0%
CMG Sector
ROE
CMG 54.3%
vs
Sector Avg 18.0%
CMG Sector
Current Ratio
CMG 1.2x
vs
Sector Avg 1.5x
CMG Sector
Debt/Equity
CMG 0.0x
vs
Sector Avg 0.8x
CMG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Chipotle Mexican Grill Inc. Stock Overvalued? CMG Valuation Analysis 2026

Based on fundamental analysis, Chipotle Mexican Grill Inc. appears fundamentally strong relative to the Consumer sector in 2026.

Return on Equity
54.3%
Sector avg: 18%
Net Profit Margin
12.9%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Chipotle Mexican Grill Inc. Balance Sheet: CMG Debt, Cash & Liquidity

Current Ratio
1.23x
Quick Ratio
1.19x
Debt/Equity
0.00x
Debt/Assets
68.5%
Interest Coverage
N/A
Long-term Debt
$0.0

CMG Revenue & Earnings Growth: 5-Year Financial Trend

CMG 5-year financial data: Year 2021: Revenue $7.5B, Net Income $350.2M, EPS $12.38. Year 2022: Revenue $8.6B, Net Income $355.8M, EPS $12.52. Year 2023: Revenue $9.9B, Net Income $653.0M, EPS $22.90. Year 2024: Revenue $11.3B, Net Income $899.1M, EPS $0.64. Year 2025: Revenue $11.9B, Net Income $1.2B, EPS $0.89.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Chipotle Mexican Grill Inc.'s revenue has grown significantly by 58% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.89 reflects profitable operations.

CMG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
12.1%
Free cash flow / Revenue

CMG Quarterly Earnings & Performance

Quarterly financial performance data for Chipotle Mexican Grill Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $2.8B $359.3M $0.28
Q2 2025 $3.0B $359.3M $0.32
Q1 2025 $2.7B $359.3M $0.26
Q3 2024 $2.5B $291.6M $0.23
Q2 2024 $2.5B $291.6M $0.25
Q1 2024 $2.4B $291.6M $10.50
Q3 2023 $2.2B $158.3M $9.20
Q2 2023 $2.2B $158.3M $9.25

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Chipotle Mexican Grill Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.1B
Cash generated from operations
Stock Buybacks
$2.4B
Shares repurchased (TTM)
Capital Expenditures
$666.3M
Investment in assets
Dividends
None
No dividend program

CMG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Chipotle Mexican Grill Inc. (CIK: 0001058090)

📋 Recent SEC Filings

Date Form Document Action
Feb 25, 2026 4 xslF345X05/form4.xml View →
Feb 17, 2026 4 xslF345X05/form4.xml View →
Feb 17, 2026 4 xslF345X05/form4.xml View →
Feb 17, 2026 4 xslF345X05/form4.xml View →
Feb 17, 2026 4 xslF345X05/form4.xml View →

Frequently Asked Questions about CMG

What is the AI rating for CMG?

Chipotle Mexican Grill Inc. (CMG) has a Combined AI Rating of BUY from Claude (STRONG BUY) and ChatGPT (BUY) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CMG's key strengths?

Claude: Exceptional profitability with 12.9% net margin and 16.2% operating margin, well above retail restaurant peers. Outstanding capital efficiency with ROE of 54.3% and ROA of 17.1%, demonstrating superior management of shareholder capital. ChatGPT: Strong profitability with 16.2% operating margin and 12.9% net margin. Excellent financial health with zero long-term debt and solid liquidity.

What are the risks of investing in CMG?

Claude: Modest net income growth of 0.1% YoY suggests limited earnings expansion despite revenue growth, indicating margin pressure or operating deleverage. Capital expenditure of $666.3M (5.6% of revenue) may constrain free cash flow if expansion plans accelerate significantly. ChatGPT: Net income growth has nearly stalled despite revenue growth, which may signal margin pressure or rising costs. Relatively modest cash balance compared with total liabilities increases reliance on continued steady operating cash flow.

What is CMG's revenue and growth?

Chipotle Mexican Grill Inc. reported revenue of $11.9B.

Does CMG pay dividends?

Chipotle Mexican Grill Inc. does not currently pay dividends.

Where can I find CMG SEC filings?

Official SEC filings for Chipotle Mexican Grill Inc. (CIK: 0001058090) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CMG's EPS?

Chipotle Mexican Grill Inc. has a diluted EPS of $1.14.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is CMG a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Chipotle Mexican Grill Inc. has a BUY rating with 86% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is CMG stock overvalued or undervalued?

Valuation metrics for CMG: ROE of 54.3% (sector avg: 18%), net margin of 12.9% (sector avg: 8%). Higher ROE suggests strong returns relative to peers.

Should I buy CMG stock in 2026?

Our dual AI analysis gives Chipotle Mexican Grill Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is CMG's free cash flow?

Chipotle Mexican Grill Inc.'s operating cash flow is $2.1B, with capital expenditures of $666.3M. FCF margin is 12.1%.

How does CMG compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 12.9% (avg: 8%), ROE 54.3% (avg: 18%), current ratio 1.23 (avg: 1.5).

Why is CMG's return on equity (ROE) so high?

Chipotle Mexican Grill Inc. has a return on equity of 54.3%, significantly above the Consumer sector average of 18%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 12.9% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 22, 2026 | Data as of: 2025-12-31 | Powered by Claude AI