CMG vs QSR vs MCD Stock Comparison

Chipotle Mexican Grill, Restaurant Brands International and Mcdonalds Prices as of Oct 28, 2026 Peers: Industry group
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CMG Chipotle Mexican Grill Inc
$28.78 -9.7% 1M -28.5% 1Y
Market cap
$36.42B
P/E
26.7x
Revenue (TTM)
$12.71B
Div. yield
–
Quick-Service Restaurants Consumer Discretionary
1 win
MCD Mcdonalds Corp
$250.64 +7.3% 1M -18.2% 1Y
Market cap
$177.36B
P/E
20.2x
Revenue (TTM)
$27.70B
Div. yield
2.97%
Quick-Service Restaurants Consumer Discretionary
6 wins

Head to Head

12 decided of 12

Mcdonalds leads on 6 of the 12 questions below (Mcdonalds 6, Restaurant Brands International 5, Chipotle Mexican Grill 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMGQSRMCDLeader
Larger companyMarket capitalisation $36.42B $26.02B $177.36B MCD
Cheaper on earningsLower P/E, profitable companies only 26.7x 20.4x 20.2x MCD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.9x 18.8x 18.9x QSR
Faster revenue growthRevenue growth, trailing twelve months +7.9% +6.5% +6.3% CMG
More profitableNet margin, trailing twelve months — 13.1% 31.7% MCD
Better return on capitalReturn on invested capital — 12.1% 25.9% MCD
Less leveragedLower net debt / EBITDA — 4.2x 2.6x MCD
Higher dividend yieldTrailing dividend yield — 3.45% 2.97% QSR
Better 1-year returnPrice return, last 12 months -28.5% +11.7% -18.2% QSR
Better 5-year returnAnnualised price return, 5 years -4.2%/yr +5.6%/yr +0.4%/yr QSR
Less volatileAnnualised volatility, 1 year 44.9% 24.9% 19.8% MCD
Higher overall scoreMean of the five percentile scores vs peers 43/100 53/100 50/100 QSR

Percentile Scorecard

CMGQSRMCD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCMGQSRMCD
Valuation 14 #43 of 50 45 #28 of 50 20 #40 of 50
Growth 41 #28 of 47 63 #18 of 47 39 #29 of 47
Profitability 64 #17 of 46 69 #15 of 46 100 #1 of 46
Financial Health 52 #25 of 51 30 #36 of 51 44 #29 of 51
Shareholder Returns – 58 #14 of 32 48 #17 of 32
Overall 43 53 50
  • CMG ranked among 53 companies in Restaurants
  • QSR ranked among 53 companies in Restaurants
  • MCD ranked among 53 companies in Restaurants

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCMGQSRMCDSPY
1 month -9.7%+4.3%+7.3% +0.9%
3 months -15.9%-1.4%-7.7% +5.9%
6 months -12.8%-5.3%-13.6% +8.5%
Year to date -22.2%+9.2%-18.0% +13.3%
1 year -28.5%+11.7%-18.2% +12.4%
3 years -23.8%+13.1%-2.0% +88.1%
3 years, per year -8.7%+4.2%-0.7% +23.5%
5 years -19.1%+31.6%+2.1% +68.2%
5 years, per year -4.2%+5.6%+0.4% +11.0%
10 years +288.9%+71.0%+123.6% +263.4%
10 years, per year +14.5%+5.5%+8.4% +13.8%

Risk

MeasureCMGQSRMCDSPY
Volatility, 1Y 44.9%24.9%19.8% 12.7%
Downside volatility, 1Y 50.4%25.8%20.4% 12.7%
Beta vs S&P 500, 1Y 0.620.05-0.01 1.00
Return / volatility, 1Y -0.640.47-0.92 0.98
Max drawdown, 5Y -59.9%-27.5%-32.3% -25.4%
From 52-week high -29.6%-8.8%-26.5% -0.9%
52-week high $40.87$81.67$341.06 $779.14
52-week low $27.51$65.69$230.86 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCMGQSRMCD
P/E now vs peer median 26.7xmedian 20.8x 20.4xmedian 20.8x 20.2xmedian 20.8x
P/S now vs peer median 2.9xmedian 1.1x 2.7xmedian 1.1x 6.4xmedian 1.1x
EV/EBITDA now vs peer median —median 13.0x 13.0xmedian 13.0x 14.4xmedian 13.0x
P/FCF now vs peer median 25.7xmedian 17.6x 15.9xmedian 17.6x 24.0xmedian 17.6x
P/B now vs peer median 14.8xmedian 3.2x 4.8xmedian 3.2x -173.4xmedian 3.2x
PEG now vs peer median 3.18median 1.08 2.70median 1.08 4.70median 1.08

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCMGQSRMCD
Revenue $12.71B $9.70B $27.70B
Gross profit – $5.24B $24.86B
Operating income $1.79B $2.61B $12.80B
Net income $1.38B $1.70B $8.79B
Free cash flow – $1.63B $7.39B
EPS (diluted) $1.08 $2.77 $12.36
Cash & equivalents $634.21M $1.06B $822.00M
Total debt – $13.29B $162.65B
Shares (diluted) 1.28B 460.00M 711.10M
Enterprise value $36.42B $23.12B $172.18B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCMGQSRMCD
P/E 26.7x 20.4x 20.2x
P/FCF 25.7x 15.9x 24.0x
P/Operating cash flow 15.5x 13.7x 15.6x
P/S 2.9x 2.7x 6.4x
P/B 14.8x 4.8x -173.4x
P/Tangible book 14.8x -4.7x -173.4x
EV/EBITDA – 13.0x 14.4x
EV/EBIT – 14.7x 16.9x
EV/Revenue 2.9x 3.9x 7.8x
EV/FCF – 23.4x 29.3x
EV/Operating cash flow 15.5x 20.1x 19.1x
PEG (3Y EPS CAGR) 3.18 2.70 4.70

Growth

14 metrics
MetricCMGQSRMCD
Revenue growth (1Y) 7.9% 6.5% 6.3%
Revenue CAGR (3Y) 10.1% 12.7% 4.6%
Gross profit growth (1Y) – 5.1% 5.3%
Gross profit CAGR (3Y) – 6.1% 4.8%
Operating income growth (1Y) -7.1% 22.3% 7.3%
Operating income CAGR (3Y) 6.4% 11.0% 5.2%
Net income growth (1Y) -10.4% 41.5% 4.7%
Net income CAGR (3Y) 5.6% 4.4% 3.2%
EPS growth (1Y) -6.1% 47.2% 5.7%
EPS CAGR (3Y) 8.4% 7.5% 4.3%
Operating cash flow growth (1Y) 6.0% 19.9% 15.8%
Operating cash flow CAGR (3Y) 6.9% 13.3% 9.1%
Free cash flow growth (1Y) – 20.5% 18.0%
Free cash flow CAGR (3Y) – 11.2% 8.3%

Profitability

14 metrics
MetricCMGQSRMCD
Gross margin – 54.0% 89.7%
EBITDA margin – 30.3% 54.4%
Operating margin – 26.9% 46.2%
Pretax margin – 21.7% 40.4%
Net margin – 13.1% 31.7%
FCF margin – 16.8% 26.7%
Operating cash flow margin 18.5% 19.6% 40.9%
Return on equity – 31.8% –
Return on assets – 6.8% 14.6%
Return on invested capital – 12.1% 25.9%
Return on capital employed – 11.5% 22.9%
Asset turnover 1.4x 0.4x 0.5x
Cash conversion (OCF / net income) 1.7x 1.1x 1.3x
Stock comp / revenue 0.9% 1.4% 0.6%

Financial Health

11 metrics
MetricCMGQSRMCD
Debt / assets – 53.1% 66.5%
Debt / equity – 2.5x -39.0x
Net debt / EBITDA – 4.2x 2.6x
Debt / FCF – 8.1x 5.4x
Liabilities / assets 74.0% 78.4% 101.7%
Equity / assets 26.0% 21.6% -1.7%
Interest coverage – – 7.9x
Current ratio 0.8x 1.0x 1.1x
Quick ratio – 0.8x 0.8x
Cash ratio – 0.5x 0.2x
Altman Z-score – 1.65 4.60

Shareholder Returns

7 metrics
MetricCMGQSRMCD
Dividend yield – 3.4% 3.0%
Net buyback yield – 0.5% 1.2%
Shareholder yield – 3.9% 4.1%
Payout ratio (earnings) – – 59.5%
Payout ratio (FCF) – – 70.8%
Dividend growth (1Y) – – 4.6%
Dividend CAGR (3Y) – – 6.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCMGQSRMCD
Forward P/E 26.9xFY2026 18.8xFY2026 18.9xFY2026
EPS, next fiscal year $1.07FY2026 $3.96FY2026 $13.24FY2026
EPS growth, next FY -8.5%FY2026 +7.3%FY2026 +8.5%FY2026
EPS growth, the year after +19.6% +8.1% +6.8%
Revenue, next fiscal year $13.54BFY2026 $10.27BFY2026 $29.23BFY2026
Revenue growth, next FY +13.5%FY2026 +8.9%FY2026 +8.7%FY2026
Revenue growth, the year after +9.7% -10.0% -4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMGQSRMCD
Held by institutions 89.5% 92.2% 74.2%
Institutions holding 1,197 575 3,476
Change in shares held, QoQ +0.3% +6.5% +0.4%
Institutions buying 510 319 1,536
Institutions selling 527 165 1,486
Buyers to sellers 0.97 1.93 1.03

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CMGQSRMCD
CMG 1.00 0.29 0.26
QSR 0.29 1.00 0.38
MCD 0.26 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CMG, QSR and MCD?

Mcdonalds (MCD) is the largest by market capitalisation: Chipotle Mexican Grill (CMG) $36.42B, Restaurant Brands International (QSR) $26.02B, Mcdonalds (MCD) $177.36B.

Which stock is cheaper, CMG, QSR and MCD?

Mcdonalds (MCD) trades on the lowest price-to-earnings ratio (Chipotle Mexican Grill (CMG) 26.7x, Restaurant Brands International (QSR) 20.4x, Mcdonalds (MCD) 20.2x). On next year's consensus earnings, Restaurant Brands International (QSR) is cheapest (Chipotle Mexican Grill (CMG) 26.9x, Restaurant Brands International (QSR) 18.8x, Mcdonalds (MCD) 18.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Chipotle Mexican Grill (CMG) grew revenue fastest over the trailing twelve months: Chipotle Mexican Grill (CMG) +7.9%, Restaurant Brands International (QSR) +6.5%, Mcdonalds (MCD) +6.3%.

Which company is more profitable?

Mcdonalds (MCD) has the highest net margin (Restaurant Brands International (QSR) 13.1%, Mcdonalds (MCD) 31.7%). On return on invested capital, Mcdonalds (MCD) leads (Restaurant Brands International (QSR) 12.1%, Mcdonalds (MCD) 25.9%).

Which stock has performed better?

Over the past year Restaurant Brands International (QSR) returned the most: Chipotle Mexican Grill (CMG) -28.5%, Restaurant Brands International (QSR) +11.7%, Mcdonalds (MCD) -18.2%. Over five years, Restaurant Brands International (QSR) compounded fastest (Chipotle Mexican Grill (CMG) -4.2%/yr, Restaurant Brands International (QSR) +5.6%/yr, Mcdonalds (MCD) +0.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Restaurant Brands International (QSR) has the highest dividend yield: Restaurant Brands International (QSR) 3.45%, Mcdonalds (MCD) 2.97%. Chipotle Mexican Grill (CMG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Mcdonalds (MCD) has been the steadiest (Chipotle Mexican Grill (CMG) 44.9%, Restaurant Brands International (QSR) 24.9%, Mcdonalds (MCD) 19.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CMG, QSR and MCD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mcdonalds (MCD) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.