Chipotle Mexican Grill, Inc.

CMGNYSEConsumer Cyclical● Active

$29.13

$-0.21(-0.72%)

Market Cap$37.4B

P/E Ratio—

52W High$58.42

52W Low$28.16

Avg Volume16.9M

Open$29.33

Beta0.98

Free Cash Flow Financials Revenue

Chipotle Mexican Grill, Inc. (CMG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CMG · free cash flow · updated Jun 8, 2026

Core FCF metrics

CMG · FCF · TTM · margin & CAGR

Free cash flow was $1.45B for FY2025 (fiscal year ending 2025-12-31), down 4.2% year-over-year The FCF margin was 12.1%. Five-year CAGR stands at +37.9%.

FY2025 Free Cash Flow$1.45B▼ -4.2% YoY

Trailing 12M (TTM)$1.51Btrailing 4 quarters sum

FCF Margin12.1%$1.45B ÷ revenue

3-Year CAGR+19.7%FY2022 → FY2025

5-Year CAGR+37.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CMG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.11B(666M)$1.45B▼ 4.2%12.1%

FY2024$2.11B(594M)$1.51B▲ +23.6%13.4%

FY2023$1.78B(561M)$1.22B▲ +44.9%12.4%

FY2022$1.32B(479M)$844.0M▲ +0.5%9.8%

FY2021$1.28B(442M)$839.6M▲ +189.0%11.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CMG · P/FCF · FCF yield · FCF per share

Chipotle Mexican Grill, Inc. (CMG) trades at a FCF yield of 4.00% and a price-to-free-cash-flow ratio of 25.8x. FCF per share stands at $1.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.00%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x28.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CMG · cash flow statement · operating / investing / financing

For FY2025, Chipotle Mexican Grill, Inc. generated $2.11B in operating cash flow and spent 666M in capital expenditures, yielding $1.45B in free cash flow.

Operating Activities

+$2.11B

Cash from core business operations

2025-12-31

Investing Activities

−$35.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.47B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.11B) − |CapEx| (666M) = FCF ($1.45B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CMG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Chipotle Mexican Grill, Inc.YOU

CMG

$1.45B-4.2%12.1%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Chipotle Mexican Grill, Inc. (CMG) reported free cash flow of $1.45B for FY2025 (fiscal year ending 2025-12-31), down 4.2% year-over-year. The FCF margin was 12.1%.

Based on available data, Chipotle Mexican Grill, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.51B in FY2024. The 5-year CAGR stands at +37.9%.

Chipotle Mexican Grill, Inc.'s FCF yield is 4.00% and price-to-FCF ratio is 25.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CMG free cash flow · 8 questions

Chipotle Mexican Grill, Inc. free cash flow was $1.45B for FY2025, down 4.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.51B.

CMG free cash flowCMG FCFCMG FCF 2025CMG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Chipotle Mexican Grill, Inc. · Chipotle Mexican Grill, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026