Chipotle Mexican Grill (CMG) Return on Capital Employed (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Return on Capital Employed came in at 24.19% in Q1 2026, down 14.0% year-on-year from 28.13% in Q1 2025, and down 0.64% on a QoQ basis from 24.35% in Q4 2025.
Chipotle Mexican Grill (CMG) Return on Capital Employed (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has 17 years of Return on Capital Employed data on file, last reported at 24.19% in Q1 2026.
- On a quarterly basis, Return on Capital Employed fell 14.0% year-over-year to 24.19% in Q1 2026; TTM through Mar 2026 was 24.19%, a 14.0% decrease from a year earlier, with the FY2025 full-year figure at 24.47%, down 123.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 24.19%, down from 24.35% in the prior quarter.
- Over the last five years, Return on Capital Employed for CMG reached as high as 24.35% in Q4 2025 and fell as low as 14.56% in Q1 2022.
- Historically, Return on Capital Employed has averaged 21.86% across 5 years, with a median of 22.66% in 2023.
- Across the five-year window, Return on Capital Employed surged 738 bps in 2023 and decreased 14 bps in 2026, its largest moves.
- Year by year, Return on Capital Employed stood at 19.5% in 2022, then increased by 15 bps to 22.42% in 2023, then climbed by 8 bps to 24.14% in 2024, then grew by 1 bps to 24.35% in 2025, then fell by 1 bps to 24.19% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 24.19% in Q1 2026, 24.35% in Q4 2025, and 23.77% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 14.71% |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 24.19% |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 52.50% |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 10.29% |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 16.04% |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 15.73% |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 17.54% |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 80.74% |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 5.87% |
| 10 | Brinker International | 7.99 Bn | 7.93 Bn | 1.10 Bn | 28.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.19% |
| Dec 31, 2025 | 24.35% |
| Sep 30, 2025 | 23.77% |
| Jun 30, 2025 | 24.02% |
| Mar 31, 2025 | 24.33% |
| Dec 31, 2024 | 24.14% |
| Sep 30, 2024 | 23.51% |
| Jun 30, 2024 | 23.43% |
| Mar 31, 2024 | 22.56% |
| Dec 31, 2023 | 22.42% |
| Sep 30, 2023 | 22.44% |
| Jun 30, 2023 | 22.66% |
| Mar 31, 2023 | 21.94% |
| Dec 31, 2022 | 19.50% |
| Sep 30, 2022 | 17.44% |
| Jun 30, 2022 | 16.31% |
| Mar 31, 2022 | 14.56% |
| Dec 31, 2021 | 13.96% |
| Sep 30, 2021 | 13.58% |
| Jun 30, 2021 | 11.69% |