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Chipotle Valuation Multiples
Discover revenue and EBITDA valuation multiples for Chipotle and similar public comparables like Yum Brands, Compass Group, Restaurant Brands International, Darden Restaurants and more.
Chipotle Overview
About Chipotle
Chipotle is a leading fast-casual, Mexican-inspired restaurant chain, generating $11.3 billion in sales across 3,644 company-operated US locations, 82 international units primarily in Canada and Europe, and three licensed stores operated with Alshaya Group in the Middle East at the end of 2024. The firm’s revenue is primarily driven by food and beverage sales at its company-owned restaurants, supplemented by delivery fees generated through its first-party digital channels. Chipotle emphasizes ingredients with no artificial flavors and utilizes an efficient, assembly-line service model to serve mainly customizable burritos, bowls, salads, quesadillas, and tacos.
Founded
1998
HQ
Employees
131.5K
Website
Sectors
Financials (LTM)
EV
$52B
Chipotle Financials
Chipotle reported last 12-month revenue of $12B and EBITDA of $2B.
In the same LTM period, Chipotle generated $9B in gross profit, $2B in EBITDA, and $2B in net income.
Revenue (LTM)
Chipotle P&L
In the most recent fiscal year, Chipotle reported revenue of $12B and EBITDA of $2B.
Chipotle expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12B | XXX | $12B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Chipotle Stock Performance
Chipotle has current market cap of $48B, and enterprise value of $52B.
Market Cap Evolution
Chipotle's stock price is $36.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $52B | $48B | 0.0% | XXX | XXX | XXX | $1.20 |
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Start Free TrialChipotle Valuation Multiples
Chipotle trades at 4.3x EV/Revenue multiple, and 22.3x EV/EBITDA.
EV / Revenue (LTM)
Chipotle Financial Valuation Multiples
As of April 2, 2026, Chipotle has market cap of $48B and EV of $52B.
Equity research analysts estimate Chipotle's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Chipotle has a P/E ratio of 30.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $48B | XXX | $48B | XXX | XXX | XXX |
| EV (current) | $52B | XXX | $52B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBITDA | 22.3x | XXX | 21.8x | XXX | XXX | XXX |
| EV/EBIT | 26.6x | XXX | 25.7x | XXX | XXX | XXX |
| EV/Gross Profit | 6.1x | XXX | 17.1x | XXX | XXX | XXX |
| P/E | 30.9x | XXX | 30.5x | XXX | XXX | XXX |
| EV/FCF | 35.3x | XXX | 34.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Chipotle Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Chipotle Margins & Growth Rates
Chipotle's revenue in the last 12 month grew by 9%.
Chipotle's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Chipotle's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Chipotle's rule of X is 39% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Chipotle Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Chipotle Public Comps
See public comps and valuation multiples for other Restaurants & Nightlife comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Yum Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Compass Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Restaurant Brands International | XXX | XXX | XXX | XXX | XXX | XXX |
| Darden Restaurants | XXX | XXX | XXX | XXX | XXX | XXX |
| Restaurant Brands International LP | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Chipotle M&A Activity
Chipotle acquired XXX companies to date.
Last acquisition by Chipotle was on XXXXXXXX, XXXXX. Chipotle acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Chipotle
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChipotle Investment Activity
Chipotle invested in XXX companies to date.
Chipotle made its latest investment on XXXXXXXX, XXXXX. Chipotle invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Chipotle
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Chipotle
| When was Chipotle founded? | Chipotle was founded in 1998. |
| Where is Chipotle headquartered? | Chipotle is headquartered in United States. |
| How many employees does Chipotle have? | As of today, Chipotle has over 131K employees. |
| Who is the CEO of Chipotle? | Chipotle's CEO is Scott Boatwright. |
| Is Chipotle publicly listed? | Yes, Chipotle is a public company listed on NYSE. |
| What is the stock symbol of Chipotle? | Chipotle trades under CMG ticker. |
| When did Chipotle go public? | Chipotle went public in 2006. |
| Who are competitors of Chipotle? | Chipotle main competitors are Yum Brands, Compass Group, Restaurant Brands International, Darden Restaurants. |
| What is the current market cap of Chipotle? | Chipotle's current market cap is $48B. |
| What is the current revenue of Chipotle? | Chipotle's last 12 months revenue is $12B. |
| What is the current revenue growth of Chipotle? | Chipotle revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Chipotle? | Current revenue multiple of Chipotle is 4.3x. |
| Is Chipotle profitable? | Yes, Chipotle is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Chipotle? | Chipotle's last 12 months EBITDA is $2B. |
| What is Chipotle's EBITDA margin? | Chipotle's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Chipotle? | Current EBITDA multiple of Chipotle is 22.3x. |
| What is the current FCF of Chipotle? | Chipotle's last 12 months FCF is $1B. |
| What is Chipotle's FCF margin? | Chipotle's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Chipotle? | Current FCF multiple of Chipotle is 35.3x. |
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