undamentalytics Newsletter

Chipotle Mexican Grill vs Restaurant Brands International

Chipotle Mexican Grill is the larger business, with $11.93bn of revenue in fiscal 2025 against $9.43bn for Restaurant Brands International (1.3 times as much). Restaurant Brands International grew faster (12.2% against 5.4%). Chipotle Mexican Grill kept more of each dollar of sales as profit: a net margin of 12.9% against 8.2%. Chipotle Mexican Grill carries less debt relative to equity (0.0% against 368.0%).

Latest fiscal yearChipotle Mexican GrillCMG, 2025Restaurant Brands InternationalQSR, 2025
Revenue $11.93bn $9.43bn
Revenue growth 5.4% 12.2%
Net income $1.54bn $776m
Operating margin 16.2% 23.3%
Net margin 12.9% 8.2%
Return on equity 47.4% 23.0%
Free cash flow $1.45bn $1.45bn
Cash $351m $1.16bn
Total debt $0 $13.37bn
Debt to equity 0.0% 368.0%
Dividend per share — $2.48
Dividend yield — 4.5%
Share buybacks $2.43bn $0
Employees 130,301 —
Market value $41.92bn $25.84bn
Price vs our value range Within our value range —
Moat score 77 (Strong) 81 (Strong)
Insider trades, 12 months 0 buys, 5 sales 0 buys, 63 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.