CMG
Chipotle Mexican GrillPrevious close
31.89
Change
+0.61 / +1.95%
P/E (TTM) ?
28.5
Market Cap
$40.7B
1M
−0.19%
S&P 500 −0.91% over same period
Volume / Avg Volume
24.4M / 25.7M
0.95× average
Latest earnings analysisFY2026 Q2Reported 2026-07-29
Chipotle Q2 2026: revenue up 9.3%, margins down, comps guide raised
Chipotle's second quarter of 2026 was a top-line win and a bottom-line shrug: revenue rose 9.3% to $3.35 billion and comparable sales turned positive at 2.2%, but net income fell 7.5% to $403.5 million and diluted EPS stayed flat at $0.32. Read it as a company buying growth with margin — the guidance raise is real, but it isn't yet showing up in profit per sale.
Read the full analysis →Revenue$3.35BYoY +9.30%
EPS (non-GAAP)$0.33Beatest. $0.32
Next-day move+12.50%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-29 | $3.3B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-29 | $3.1B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-03 | $11.9B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-29 | $3.0B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-23 | $3.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-23 | $2.9B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 10 of its 5-year rangeCheap
5-year range 27.4 – 65.5 · Median 35.1
Last 4 quarters: $2.2B in buybacks + $0 in dividends, 5.43% of market cap combined
P/E (TTM)
28.5
P/B
18.4
P/S
3.3
PEG
—
Earnings Reaction
Over the last 6 reports, the stock moved ±8.4% on average on the first trading day after, rising 4 times
Most recent +12.50%
Volatility & Correlation
1-year beta 0.58 · Correlation with S&P 500 0.17Low beta
Annualized volatility 44% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $0.10MNet selling $0.10M
- 08-21Bush Matthew RController, PAOSell$0.10M2,675 shares · Avg price 35.75
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 3.29 | +9.6% | — | 0.34 | 0.27 |
| FY2026 Q2 | 3.35 | +9.3% | — | 0.40 | 0.32 |
| FY2026 Q1 | 3.09 | +7.4% | — | 0.30 | 0.23 |
| FY2025 Q4 | 2.98 | +4.9% | — | 0.33 | 0.25 |
| FY2025 Q3 | 3.00 | +7.5% | — | 0.38 | 0.29 |
| FY2025 Q2 | 3.06 | +3.0% | — | 0.44 | 0.32 |
| FY2025 Q1 | 2.88 | +6.4% | — | 0.39 | 0.28 |
| FY2024 Q4 | 2.85 | +13.1% | — | 0.33 | 0.24 |
| FY2024 Q3 | 2.79 | +13.0% | — | 0.39 | 0.28 |
| FY2024 Q2 | 2.97 | +18.2% | — | 0.46 | 0.33 |
| FY2024 Q1 | 2.70 | +14.1% | — | 0.36 | 0.26 |
| FY2023 Q4 | 2.52 | +15.4% | — | 0.28 | -10.09 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| CMG | 28.5 | +9.6% | — | −0.19% | Neutral |
| AMZN | 19.4 | +12.1% | 53.2% | −3.53% | Neutral |
| TSLA | 495.1 | −0.2% | 19.6% | +12.68% | Neutral |
| HD | 23.3 | +5.7% | 33.7% | +15.72% | Neutral |
| MCD | 21.1 | +3.7% | 90.4% | +11.77% | Neutral |
| TJX | 25.8 | +5.4% | 33.4% | +6.05% | Bullish |
| SBUX | 59.0 | −1.4% | — | +10.33% | Neutral |
| LOW | 17.6 | +8.3% | 33.0% | +13.45% | Neutral |
| BKNG | 15.7 | +8.1% | — | −9.07% | Bullish |