Chipotle Mexican Grill (CMG) Return on Capital Employed (2010 - 2026)
Chipotle Mexican Grill (CMG) reported Return on Capital Employed of 24.19% for Q1 2026, down 14.0% year-over-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) has 17 years of Return on Capital Employed data on file, last reported at 24.19% in Q1 2026.
- Quarterly Return on Capital Employed fell 14.0% year-over-year to 24.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.19% (down 14.0% YoY) and the FY2025 annual result came in at 24.47%, down 123.0% from the prior year.
- Return on Capital Employed fell to 24.19% in Q1 2026 per CMG's latest filing, from 24.35% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 24.35% in Q4 2025 and bottomed at 14.56% in Q1 2022.
- The 5-year median for Return on Capital Employed is 22.66% (2023), against an average of 21.86%.
- The widest annual swing landed in 2023, when Return on Capital Employed surged 738 bps; it then decreased 14 bps in 2026.
- Tracing CMG's Return on Capital Employed over 5 years: stood at 19.5% in 2022, then rose by 15 bps to 22.42% in 2023, then grew by 8 bps to 24.14% in 2024, then increased by 1 bps to 24.35% in 2025, then retreated by 1 bps to 24.19% in 2026.
- Per Business Quant, the three latest CMG Return on Capital Employed figures stand at 24.19% (Q1 2026), 24.35% (Q4 2025), and 23.77% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 14.71% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 52.50% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 24.19% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 10.29% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 14.06% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 3.91% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 17.54% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 81.97% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 4.69% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 5.87% |
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% |
| Mar 31, 2021 | 7.27% |
| Dec 31, 2020 | 5.82% |
| Sep 30, 2020 | 5.78% |
| Jun 30, 2020 | 6.13% |
| Mar 31, 2020 | 9.02% |
| Dec 31, 2019 | 10.19% |
| Sep 30, 2019 | 9.25% |
| Jun 30, 2019 | 8.01% |
| Mar 31, 2019 | 9.63% |
| Dec 31, 2018 | 14.37% |
| Sep 30, 2018 | 15.69% |
| Jun 30, 2018 | 14.32% |
| Mar 31, 2018 | 17.04% |
| Dec 31, 2017 | 15.64% |
| Sep 30, 2017 | 13.84% |
| Jun 30, 2017 | 12.25% |
| Mar 31, 2017 | 8.88% |
| Dec 31, 2016 | 1.96% |
| Sep 30, 2016 | 5.96% |
| Jun 30, 2016 | 18.03% |
| Mar 31, 2016 | 24.03% |
| Dec 31, 2015 | 29.87% |
| Sep 30, 2015 | 32.20% |
| Jun 30, 2015 | 32.90% |
| Mar 31, 2015 | 33.05% |
| Dec 31, 2014 | 31.78% |
| Sep 30, 2014 | 31.16% |
| Jun 30, 2014 | 29.45% |
| Mar 31, 2014 | 29.56% |
| Dec 31, 2013 | 30.25% |
| Sep 30, 2013 | 30.10% |
| Jun 30, 2013 | 30.82% |
| Mar 31, 2013 | 31.40% |
| Dec 31, 2012 | 30.38% |
| Sep 30, 2012 | 29.48% |
| Jun 30, 2012 | 29.76% |
| Mar 31, 2012 | 27.96% |
| Dec 31, 2011 | 28.57% |
| Sep 30, 2011 | 28.14% |
| Jun 30, 2011 | 28.38% |
| Mar 31, 2011 | 28.96% |
| Dec 31, 2010 | 30.17% |
| Sep 30, 2010 | 28.80% |