Chipotle Mexican Grill Inc. (CMG) stock — is it a good business?

Chipotle Mexican Grill Inc. (CMG) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Chipotle Mexican Grill's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.29B
+9.6% y/y
-1.7% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.27
-6.9% y/y
-16% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$452M
-5.3% y/y
-14% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Food and beverage sales100%
Delivery service revenue1%

Shares of revenue are estimates for Q1 2026, not figures from a filing.

Competes with

CAVACAVA Group, Inc.
B
Size
$7B
Margin
5.4%
Qdoba Mexican Eats
YUMTaco Bell
C
Size
$42.9B
Margin
39.1%

What it sells6

Burritos and burrito bowls
Made-to-order meals with fillings such as rice, beans, meat and vegetables; a burrito bowl is served without a tortilla.
Quesadillas
A tortilla filled with cheese and other ingredients, cooked and served as a meal.
Tacos
Tortillas filled with ingredients chosen by the guest.

Show 3 more

Salads
Made-to-order salads with ingredients selected by the guest.
Chipotle Honey Chicken
A chicken menu item seasoned with chipotle peppers and honey; Chipotle described it as a limited-time item.
Cilantro Lime Sauce
A sauce prepared fresh in the restaurants and served with meals.

Who buys it4

Individual diners who buy meals at Chipotle restaurants.
Guests who order through Chipotle's website or app for pickup.
Guests who order Chipotle meals for delivery, including through third-party delivery services.
Groups and families ordering catering or Build-Your-Own Chipotle meals.

What it stands on, and what could break it

What the business leans on

1It needs reliable supplies of fresh ingredients that meet its quality and food-safety requirements; it says certain key ingredients come from a small number of suppliers.
2Its restaurants depend on hiring, training and retaining large numbers of workers, and on managing wages and employment requirements.
3Digital ordering and restaurant operations rely on information technology systems, and delivery orders also involve third-party delivery services.

What could go wrong

1A food-safety incident or food-borne illness concern could reduce guest visits, damage the Chipotle name and increase costs.
2Ingredient shortages, severe weather, tariffs or price increases—particularly for ingredients such as beef—could disrupt supply or raise restaurant costs.
3Difficulty hiring and retaining restaurant workers, or higher wages and labor-law requirements, could increase costs and affect restaurant operations.

Full financial statements →

About Chipotle Mexican Grill Inc.

Chipotle owns and runs restaurants serving made-to-order meals with ingredients it describes as fresh and without artificial colors, flavors or preservatives. Some restaurants outside the United States are run by local partners. Guests can order in person or digitally for pickup or delivery; digital sales were 38.8% of food and beverage revenue (Q3 2026, high).

Head office: Newport Beach, California
Founded: 1993
Employees: nearly 140,000 (Q2 2026 earnings call, medium)
Listed on: Nasdaq
Financial year ends: December 31

Built from Chipotle Mexican Grill Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Chipotle Mexican Grill's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.29B
+9.6% y/y
-1.7% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.27
-6.9% y/y
-16% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$452M
-5.3% y/y
-14% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes Chipotle Mexican Grill is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Restaurants

Graded A or B and worth $2B or more: A first, then the largest.

All 51 graded companies in its industry

Grade rose recently in Consumer Discretionary

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises