Chipotle Mexican Grill (CMG) Operating Leases (2019 - 2026)
Chipotle Mexican Grill's Operating Leases came in at $5.1 billion for Q2 2026, up 13.6% from $4.49 billion a year earlier and up 3.4% from the prior quarter.
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Analysis
Chipotle Mexican Grill (CMG) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Chipotle Mexican Grill's Operating Leases was $4.77 billion, up 12.0% from FY2024.
- Operating Leases has increased in each of the last six years, with a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
- Going back by year, Operating Leases was $4.26 billion in FY2024 (+12.1%), $3.8 billion in FY2023 (+8.8%), $3.5 billion in FY2022 (+5.9%) and $3.3 billion in FY2021 (+11.8%).
- The Q2 2026 figure represents the highest quarterly Operating Leases in data going back to Q1 2019.
- Year-over-year, Operating Leases has increased for 26 consecutive quarters, with growth averaging 12.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Leases ran from 5.9% in Q4 2022 to 13.6% in Q2 2026.
- Business Quant data shows CMG's Operating Leases at $4.94 billion (Q1 2026), $4.77 billion (Q4 2025) and $4.69 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - |
| 10 | Luckin Coffee | 10.73 Bn | 9.81 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.10 Bn |
| Mar 31, 2026 | 4.94 Bn |
| Dec 31, 2025 | 4.77 Bn |
| Sep 30, 2025 | 4.69 Bn |
| Jun 30, 2025 | 4.49 Bn |
| Mar 31, 2025 | 4.35 Bn |
| Dec 31, 2024 | 4.26 Bn |
| Sep 30, 2024 | 4.21 Bn |
| Jun 30, 2024 | 4.01 Bn |
| Mar 31, 2024 | 3.90 Bn |
| Dec 31, 2023 | 3.80 Bn |
| Sep 30, 2023 | 3.77 Bn |
| Jun 30, 2023 | 3.64 Bn |
| Mar 31, 2023 | 3.53 Bn |
| Dec 31, 2022 | 3.50 Bn |
| Sep 30, 2022 | 3.50 Bn |
| Jun 30, 2022 | 3.39 Bn |
| Mar 31, 2022 | 3.33 Bn |
| Dec 31, 2021 | 3.30 Bn |
| Sep 30, 2021 | 3.27 Bn |
API Access
Chipotle Mexican Grill Operating Leases 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=operating-leases&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();