Chipotle Mexican Grill (CMG) EV to CFO (2010 - 2026)
Chipotle Mexican Grill's EV to CFO came in at 17.21 for Q3 2026, down 24.4% from 22.75 a year earlier and down 5.4% from the prior quarter.
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Analysis
Chipotle Mexican Grill (CMG) EV to CFO (2010 - 2026) Analysis & Trends
For FY2025, Chipotle Mexican Grill's EV to CFO was 22.30, down 41.5% from FY2024.
- Going back by year, EV to CFO was 38.15 in FY2024 (+10.8%), 34.44 in FY2023 (+21.7%), 28.29 in FY2022 (-24.4%) and 37.39 in FY2021 (-34.8%).
- The Q3 2026 figure represents the lowest quarterly EV to CFO since Q1 2018.
- Year-over-year, EV to CFO has declined for seven consecutive quarters, with an average decline of 29.6% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q3 2024 (growth of 64.5%), and the weakest in Q2 2026 (a decline of 48.4%).
- Business Quant data shows CMG's EV to CFO at 18.19 (Q2 2026), 18.20 (Q1 2026) and 22.30 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - |
| 10 | Dominos Pizza | 11.21 Bn | 10.45 Bn | 476.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.83 |
| Jun 30, 2026 | 18.19 |
| Mar 31, 2026 | 18.20 |
| Dec 31, 2025 | 22.30 |
| Sep 30, 2025 | 22.75 |
| Jun 30, 2025 | 35.26 |
| Mar 31, 2025 | 31.65 |
| Dec 31, 2024 | 38.15 |
| Sep 30, 2024 | 41.84 |
| Jun 30, 2024 | 44.90 |
| Mar 31, 2024 | 41.33 |
| Dec 31, 2023 | 34.44 |
| Sep 30, 2023 | 25.43 |
| Jun 30, 2023 | 32.19 |
| Mar 31, 2023 | 30.81 |
| Dec 31, 2022 | 28.29 |
| Sep 30, 2022 | 30.06 |
| Jun 30, 2022 | 27.57 |
| Mar 31, 2022 | 34.56 |
| Dec 31, 2021 | 37.39 |
API Access
Chipotle Mexican Grill EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "CMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();