Chipotle Mexican Grill, Inc.
CMG · Price history
Price at last available close
$28.73
−$3.15 (-9.88%) 1M
2026-10-28
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Company & revenue
About Chipotle Mexican Grill, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Chipotle Mexican Grill, Inc., along with its affiliated companies, oversees the ownership and daily running of Chipotle Mexican Grill eateries. By February 15, 2022, its global presence included roughly 3,000 restaurant locations spread across the United States, Canada, the United Kingdom, France, Germany, and other parts of Europe. The company was established in 1993 and maintains its principal office in Newport Beach, California.
How they make money
Chipotle generates revenue primarily through the operation of fast-casual restaurants that serve a menu of burritos, burrito bowls, quesadillas, tacos, and salads. The company manages its business as a single reportable segment and derives its income from direct sales to customers at its company-owned restaurant locations.
Products & services
Fast-casual restaurant menu featuring burritos, burrito bowls, quesadillas, tacos, and salads.
Brands & revenue mix
The primary brand under which the company operates its fast-casual restaurants.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Individual retail consumersSource
Customer concentration
The company does not have significant customer concentration as its revenue is derived from a large volume of individual retail transactions at its restaurants.
Suppliers, materials & equipment
- Food and packaging suppliers — The company relies on various suppliers for food ingredients and packaging materials; specific supplier names are not disclosed in the annual report.Source
Competitors
- Fast-casual and quick-service restaurant chains — The company competes with various national and regional restaurant chains that offer similar food products and dining experiences.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
35
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
63
Fair
Financial Strength
36
Business Quality / Moat
89
Management
80
Growth Quality
32
Risk / Durability
92
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
46
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
53/100
Building Historical Record
Model Score 53/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Recent buyback activity is present
- •M&A headline · Oct 1, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for CMG
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CMG maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CMG's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is CMG's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify CMG's current valuation?
Essential Investment Snapshot
Wall Street Score
35
Opportunity Score
46
Market Cap
$36.42B
P/E Ratio
29.3
EPS
$1.09
52-Week High
$42.82
52-Week Low
$28.04
Beta
0.94
Intrinsic Value
$34.04
Analyst Target
$41.00
Shares Outstanding
1.34B
Total Revenue
$12.42B
Total Debt
$5.42B
Dividend
No current dividend
Liquidation Value / Share
$1.64
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CMG
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Oct 1, 2026
Chipotle: Takeover Talk Aside, The Margin Math Is Why I Still Say Buy — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Seeking AlphaCommunity Sentiment
0 active · 0 total callsNo personal call yet on CMG.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strong brand identity focused on 'Cultivating a Better World'.
- +Extensive network of company-owned restaurant locations.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Restaurants industry.
- −Fluctuations in food and packaging costs.
- −Intense competition in the restaurant industry.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
32
Sep 17, 2026
Change
+2.7
points
Current Score
35
Oct 1, 2026
Category Changes
CMG increased 2.7 points because Capital improved by 2 points, Valuation improved by 14.9 points.
Positive Contributors
- + Capital improved by 2 points
- + Valuation improved by 14.9 points
Projected Score
Projected Score
34
Projected Change
-0.6 points
Preliminary comparable-period financial changes suggest decline of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$28.78
Model Intrinsic Value
$34.04
Difference
−$5.26
-15.4% vs IV
Margin of Safety
15.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.42B | $11.93B | $11.31B | $9.87B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $9.43B | $8.90B | $8.30B | $7.29B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $3.00B | $3.03B | $3.02B | $2.59B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $701.3M | $652.0M | $697.5M | $633.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.11B | $1.01B | $1.10B | $1.03B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.27B | $2.37B | $2.32B | $1.95B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.89B | $2.01B | $1.92B | $1.56B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.87B | $2.01B | $2.01B | $1.62B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $450.3M | $473.8M | $476.1M | $391.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.42B | $1.54B | $1.53B | $1.23B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.09 | $1.15 | $1.12 | $0.89 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 1.29B | 1.34B | 1.37B | 1.38B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 1.29B | 1.34B | 1.38B | 1.39B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.35B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.32
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+13.4%
Cash Change
-73.0%
Margin Change
-2.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 9.3%. EPS was essentially unchanged. Cash declined 73.0%. Total debt increased 13.4%. Net income margin declined by 2.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
43
Smart Money
43
Number of Gurus
3
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
CHIPOTLE TO BRING BACK MESQUITE-SMOKED BRISKET FOR THE HEART OF FOOTBALL SEASON
Andrew Hill Investment Advisors Inc. Acquires New Position in Chipotle Mexican Grill, Inc. $CMG
Why Chipotle Mexican Grill (CMG) Dipped More Than Broader Market Today
What Analyst Projections for Key Metrics Reveal About Chipotle (CMG) Q3 Earnings
Rumor Mill · CMG
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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