Chipotle Mexican Grill (TSX:CMGS) Tax Rate %: 25.38% (As of Mar. 2026)

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TSX:CMGS Chipotle Mexican Grill Inc TSX:CMGS
70 GF Score
Price C$12.83
GF Value C$23.33
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Chipotle Mexican Grill Tax Rate %?

Chipotle Mexican Grill TSX:CMGS -5.87% 70 Tax Rate % is 25.38% as of Mar. 2026. GuruFocus rates TSX:CMGS with a GF Score™ of 70/100 and a GF Value™ of C$23.33 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chipotle Mexican Grill's Tax Expense for the three months ended in Mar. 2026 was C$141 Mil. Chipotle Mexican Grill's Pre-Tax Income for the three months ended in Mar. 2026 was C$557 Mil. Therefore, Chipotle Mexican Grill's Tax Rate % for the quarter that ended in Mar. 2026 was 25.38%.

Chipotle Mexican Grill Tax Rate % Related Terms

Chipotle Mexican Grill Tax Rate % Historical Data

* Premium members only.

The historical data trend for Chipotle Mexican Grill's Tax Rate % can be seen below:

* 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 Tax Rate % Chart

Chipotle Mexican Grill Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.66 23.90 24.18 23.68 23.58

Chipotle Mexican Grill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.91 24.47 23.11 23.69 25.38
TSX:CMGS
70GF Score
Chipotle Mexican Grill Inc TSX:CMGS
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chipotle Mexican Grill Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Chipotle Mexican Grill's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=653.549/2772.131
=23.58 %

Chipotle Mexican Grill's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=141.29/556.764
=25.38 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 25.38% mean?
Chipotle Mexican Grill (TSX:CMGS) has a Tax Rate % of 25.38% as of Mar. 2026.
Is Chipotle Mexican Grill's Tax Rate % too high?
Chipotle Mexican Grill's current Tax Rate % is 25.38%. Overall, Chipotle Mexican Grill has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's Tax Rate % compare to YUM and DRI?
Chipotle Mexican Grill's Tax Rate % of 25.38% can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Restaurants company?
A good Tax Rate % depends on the Restaurants industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Chipotle Mexican Grill's current Tax Rate % is 25.38%. 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 (TSX:CMGS) is currently considered Significantly Undervalued. The stock's GF Value™ is C$23.33, compared to a current price of C$12.83 — trading 45% below its estimated fair value. The current Tax Rate % is 25.38%. Chipotle Mexican Grill's overall GF Score™ is 70/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Chipotle Mexican Grill (TSX:CMGS), the current Tax Rate % is 25.38% 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 (TSX:CMGS) Overvalued in 2026?

Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued. The current stock price of C$12.83 is trading 45% below its estimated GF Value™ of C$23.33. GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.

Key valuation signals for TSX:CMGS:

  • Tax Rate %: 25.38%
  • GF Value™: C$23.33 vs. price of C$12.83 (45% below fair value)
  • GF Score™: 70/100 with 1 warning sign

No single metric tells the full story. See the TSX:CMGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chipotle Mexican Grill Business Description

Address 610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660
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.
70GF Score

Get the complete analysis for TSX:CMGS

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$12.83
Price
C$23.33
GF Value