Chipotle Mexican GrillMEX:CMG +1.68%83 Net Margin % is 9.81% as of Mar. 2026, which is 32% above its 10-year median of 7.46. GuruFocus rates MEX:CMG with a GF Score™ of 83/100 and a GF Value™ of MXN1,044.51 (Significantly Undervalued). Among 366 Restaurants companies, Chipotle Mexican Grill ranks better than 92.08% on this metric.
The historical rank and industry rank for Chipotle Mexican Grill's Net Margin % or its related term are showing as below:
MEX:CMG'
s Net Margin % Range Over the Past 10 Years
Min: 0.59 Med: 7.46 Max: 13.56
Current: 11.96
MEX:CMG's Net Margin % is ranked better than 92.08% of 366
companies
in the Restaurants industry
Industry Median: 2.06
vs MEX:CMG: 11.96
Chipotle Mexican Grill (MEX:CMG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Chipotle Mexican Grill Net Margin % Related Terms
Chipotle Mexican Grill Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:CMG vs YUM, DRI, YUMC: Net Margin % Comparison
For the Restaurants subindustry, Chipotle Mexican Grill's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Chipotle Mexican Grill Net Margin % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Net Margin % distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chipotle Mexican Grill (MEX:CMG) has a Net Margin % of 9.81% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Chipotle Mexican Grill and its competitors. This is 32% above median its historical median of 7.46. Over the past decade, Chipotle Mexican Grill's Net Margin % has ranged from 0.59 to 13.56. According to the industry distribution chart, Chipotle Mexican Grill ranks #29 out of 366 companies in the Restaurants industry, placing it in the top 7.9%.
Is Chipotle Mexican Grill's Net Margin % too high?
Chipotle Mexican Grill's current Net Margin % of 9.81% is 32% above median its 10-year median of 7.46. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 13.56. The Restaurants industry median Net Margin % is 2.06. Chipotle Mexican Grill's value of 9.81% is 376.2% above this industry median. Based on the distribution chart, Chipotle Mexican Grill ranks #29 out of 366 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Chipotle Mexican Grill has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's Net Margin % compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #29 out of 366 companies for Net Margin %. This places Chipotle Mexican Grill in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.06. Chipotle Mexican Grill's value of 9.81% is 376.2% above this benchmark. Historically, Chipotle Mexican Grill's own Net Margin % has ranged from 0.59 to 13.56 over the past decade. While the company's 10-year median is 7.46 vs. the industry median of 2.06, Chipotle Mexican Grill has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Restaurants company?
The median Net Margin % among Restaurants companies is 2.06, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current Net Margin % of 9.81% is 376.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Chipotle Mexican Grill and its competitors. For the Restaurants industry, the median Net Margin % is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current Net Margin % is 9.81%, which is 32% above median its own 10-year median of 7.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chipotle Mexican Grill stock overvalued right now?
Based on GuruFocus' analysis, Chipotle Mexican Grill (MEX:CMG) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,044.51, compared to a current price of MXN564.30 — trading 46% below its estimated fair value. The current Net Margin % is 9.81%, which is 32% above median its 10-year median of 7.46 and 376.2% above the Restaurants industry median of 2.06. Chipotle Mexican Grill's overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Chipotle Mexican Grill (MEX:CMG), the current Net Margin % is 9.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Chipotle Mexican Grill (MEX:CMG) Overvalued in 2026?
Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued.
The current stock price of MXN564.30 is trading 46% below its estimated GF Value™ of MXN1,044.51.
GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.
Key valuation signals for MEX:CMG:
Net Margin %: 9.81% (32% above median its 10-year median of 7.46)
GF Value™: MXN1,044.51 vs. price of MXN564.30 (46% below fair value)
Industry Position: 376.2% above the Restaurants median (#29 of 366)
No single metric tells the full story. See the MEX:CMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chipotle is a leading fast-casual, Mexican-inspired restaurant chain, generating $11.9 billion in sales across 3,983 company-operated US locations, 104 international units primarily in Canada and Europe, and 14 licensed stores largely operated in the Middle East at the end of 2025. 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.
83GF Score
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