Chipotle Mexican Grill vs McDonald's
McDonald's reported revenue of $26.9 billion in fiscal 2025, 2.3 times Chipotle Mexican Grill's $11.9 billion in fiscal 2025. Chipotle Mexican Grill's revenue grew 5.4% in its latest year, and McDonald's grew 3.7%. Chipotle Mexican Grill had an operating margin of 16.2%, against 46.1% at McDonald's. Free cash flow was $1.4 billion at Chipotle Mexican Grill and $7.2 billion at McDonald's.
Side by side
| Chipotle Mexican Grill | McDonald's | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $11.9B | $26.9B |
| Revenue growth | 5.4% | 3.7% |
| Revenue growth a year, last 5 years | 14.8% | 7.0% |
| Gross margin | — | — |
| Operating margin | 16.2% | 46.1% |
| Net margin | 12.9% | 31.9% |
| Free cash flow | $1.4B | $7.2B |
| Free cash flow margin | 12.1% | 26.7% |
| Return on capital | 73.7% | 25.4% |
| Net debt to EBITDA | −0.5x | 3.3x |
| Dividends and buybacks | $2.4B | $7.2B |
| Change in diluted share count | −2.5% | −0.8% |
| Last close | $28.41 | $250.83 |
| P/E at the last close | 26.1× | 20.4× |
| Insider trades, last 12 months | sold $7.2 million | sold $40.5 million |
| Piotroski F-score | 4 of 8 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Chipotle Mexican GrillMcDonald's
Operating margin
Percent of revenue
Chipotle Mexican GrillMcDonald's
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Chipotle Mexican GrillMcDonald's
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Chipotle Mexican Grill and McDonald's pages.