Chipotle Mexican Grill, Inc. CMG

Revenue Intelligence Report • 36 quarters of SEC filing data • Updated 2026-03-15

Chipotle Mexican Grill, Inc. has a forecasted full-year revenue of $12B, a +2.0% year-over-year change, based on 36 quarters of SEC filing data. Key revenue drivers include SG&A ($17.06 per $1). The ARDL model achieves strong accuracy at 2.4% MAPE.

Investment Thesis

Our ARDL model tracks Chipotle Mexican Grill, Inc.'s revenue with exceptional precision (2.4% MAPE), indicating highly predictable cash flows. Each $1 of SG&A spending generates $17.06 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$12.2B
+2.0% YoY
SG&A Multiplier
$17.06 per $1
Model Accuracy
2.4% MAPE
Holdout validation: The model predicted $3.0B vs the actual $3.0B — an error of 0.8%.
Note: Chipotle Mexican Grill, Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

CMG Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $3.0B $3.0B $2.8B – $3.1B +4.0% ✓ In range
Q2 2026 $3.0B $2.8B – $3.1B +4.0%
Q3 2026 $3.1B $2.9B – $3.3B +0.3%
Q4 2026 $3.1B $2.9B – $3.3B +2.5%
Q1 2027 $3.0B $2.8B – $3.3B +1.3%

How Spending Drives Revenue

CMG Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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