Chipotle Mexican Grill, Inc. (CMG)财务
NYSE · Consumer Cyclical · Restaurants · 员工130,301人 · CEO Scott Boatwright
- 股价
- $31.89 +1.95%
- 市值
- $403亿
- 企业价值
- $453亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-02 EPS预期 $0.25
营收(TTM)$127亿+7.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)14.5%-2.3 百分点 对比去年同期营业利润 $18.4亿
净利润(TTM)$13.8亿-10.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$15.1亿-4.0% 对比去年同期资本支出 $8.38亿
稀释EPS(TTM)$1.07-5.3% 对比去年同期最近4个季度之和
净现金-$47亿-32.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $403亿 EV $453亿
- 营收
- $127亿 过去12个月
- 营收增速
- +9% FY2026年一致预期
- 净利润率
- 10.8% 净利润 / 营收,TTM
- P/E
- 29.8× 预期 29.2×(FY2026)
- P/S
- 3.2× 股价 / 营收,TTM
- EV / EBITDA
- 20.2× TTM
- 自由现金流
- $15.1亿 过去12个月
- 净利润
- $13.8亿 过去12个月
- 营收预期
- $130亿 FY2026年一致预期
- 盈利
- 2027-02-02 营收预期 $32.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收符合预期,EPS 低于预期6.9%营收$32.9亿,预期$32.9亿(+0.2%);EPS $0.27,预期$0.29(-6.9%)。
- 营收增长加速:同比9.6%Q3 '26营收$32.9亿,此前四个季度的平均值为7.3%。
- 营业利润率14.5%(TTM),较去年同期-2.3 百分点营收增长7.9%,营业利润增长-7.1%。
- 资本支出占营收的6.6%(去年为5.4%)最近4个季度投入$8.38亿(同比+30.6%)。自由现金流$15.1亿,相当于净利润的109.6%。
- 股东回报$22.1亿 = 自由现金流的146.2%回购$22.1亿(去年为$20.2亿),股息$0,股权激励$8540万(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少5.4%Q3 '26稀释股数12.7亿,一年前为13.4亿。
- 净债务 $47亿现金 + 短期投资 $9.03亿,含租赁债务 $56亿;一年前净债务 $35.6亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $32.9亿 | $30亿 | +9.6% |
| 毛利率 | 23.3% | 24.5% | -1.2 百分点 |
| 营业利润 | $4.52亿 | $4.98亿 | -9.3% |
| 营业利润率 | 13.7% | 16.6% | -2.9 百分点 |
| 净利润 | $3.4亿 | $3.82亿 | -11.1% |
| 稀释EPS | $0.27 | $0.29 | -6.9% |
| 经营现金流 | $5.9亿 | $5.7亿 | +3.6% |
| 资本支出 | $2.43亿 | $1.63亿 | +48.6% |
| 自由现金流 | $3.47亿 | $4.06亿 | -14.5% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $3190万 | $1880万 | +69.3% |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $32.9亿 | $32.9亿 | +0.2% |
| EPS(一致预期口径) | $0.27 | $0.29 | -6.9% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Food and Beverage | $32.8亿 | +9.7% | 99.5% | – | – | |
| Delivery Service | $1520万 | +7.3% | 0.5% | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| U. S. Segment | $32.1亿 | +9.3% | 100.0% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| U.S.Segment | – | – | $6.39亿 | +2.5% | – | – | $25.4亿 |
| Corporate (unallocated) | – | – | -$1.92亿 | -29.0% | – | – | $6.74亿 |
| Material Reconciling Items | – | – | $542万 | +94.2% | – | – | $1430万 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $23.5亿
- 资本支出
- -$8.38亿
- 股票回购
- -$22.1亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $8540万
- 自由现金流
- $15.1亿
- 股东回报 / FCF
- 146.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 29.8× | 51.2× | 32.2× – 76.0× |
| EV / EBITDA | 20.2× | 33.9× | 22.8× – 47.2× |
| EV / 营收 | 3.6× | 6.1× | 4.5× – 7.6× |
| 股价 / FCF | 26.7× | 48.9× | 34.2× – 58.6× |
| 股价 / 净资产 | 16.4× | 19.7× | 16.3× – 22.6× |
| FCF收益率 | 3.7% | 2.1% | 1.7% – 2.9% |
| 投入资本回报率 | 16.7% | 15.6% | 10.8% – 19.0% |
| 净资产收益率 | 55.7% | 40.5% | 28.4% – 54.3% |
分析师
一致目标价 $40.59 (+27.3%)
区间 $32.00 – $50.00 · 评级 Buy
强烈买入0
买入45
持有23
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $130亿 | +9.0% | $1.09 | -4.1% | 29.2× | 18 |
| FY2027 | $144亿 | +10.7% | $1.33 | +21.4% | 24.0× | 21 |
| FY2028 | $158亿 | +9.8% | $1.54 | +15.7% | 20.8× | 8 |
| FY2029 | $177亿 | +11.9% | $1.75 | +14.0% | 18.2× | 5 |
| FY2030 | $179亿 | +1.3% | $1.65 | -5.8% | 19.3× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Chipotle Mexican Grill, Inc.在近期10-Q / 10-K文件中标记的全部203项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $0 | – | – | – | – | – | |
| Accounts and Financing Receivable, Allowance for Credit Loss | $167万2025-12-31 | $295万 | -43.4% | $167万 | $295万 | -43.4% |
| Accounts Payable, Current | $3.08亿 | $2.6亿 | +18.5% | $2.13亿 | $2.11亿 | +1.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $9950万 | $9580万 | +3.9% | $1.56亿 | $1.44亿 | +8.7% |
| Accounts Receivable, Credit Loss Expense (Reversal) | -$1.6万 | -$37.9万 | +95.8% | -$65.7万 | $21.5万 | -405.6% |
| Accrued Liabilities, Current | $2.33亿 | $1.97亿 | +18.3% | $1.82亿 | $1.8亿 | +1.5% |
| Accrued Salaries, Current | $1.77亿2025-12-31 | $1.96亿 | -9.3% | $1.77亿 | $1.96亿 | -9.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $25.3亿2025-12-31 | $22.5亿 | +12.5% | $25.3亿 | $22.5亿 | +12.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$931万 | -$793万 | -17.5% | -$729万 | -$1030万 | +29.1% |
| Additional Paid in Capital, Common Stock | $23亿 | $21.8亿 | +5.5% | $22亿 | $20.8亿 | +6.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 737万 | 423万 | +74.1% | 429万 | 221万 | +94.1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3250万 | $1920万 | +69.2% | $1.21亿 | $1.35亿 | -9.9% |
| Assets | $94.3亿 | $92.8亿 | +1.6% | $89.9亿 | $92亿 | -2.3% |
| Assets, Current | $11.7亿 | $17.7亿 | -33.9% | $14.7亿 | $17.8亿 | -17.6% |
| Capital Expenditures Incurred but Not yet Paid | $4190万 | $2590万 | +61.9% | $8940万 | $8260万 | +8.2% |
| Cash and Cash Equivalents, at Carrying Value | $6.34亿 | $6.99亿 | -9.2% | $3.51亿 | $7.49亿 | -53.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $6.7亿 | $7.3亿 | -8.2% | $3.86亿 | $7.78亿 | -50.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $4.06亿 | -$1.46亿 | +379.0% | -$3.92亿 | $1.92亿 | -304.2% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 115亿 | 115亿 | 0.0% | 115亿 | 115亿 | 0.0% |
| Common Stock, Shares, Issued | 12.6亿 | 13.3亿 | -4.6% | 13亿 | 13.6亿 | -4.0% |
| Common Stock, Value, Issued | $1270万 | $1330万 | -4.6% | $1300万 | $1360万 | -4.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3.4亿 | $3.82亿 | -10.9% | $15.4亿 | $15.3亿 | +0.5% |
| Contract with Customer, Liability, Current | $2.24亿 | $2.07亿 | +8.2% | $2.4亿 | $2.39亿 | +0.8% |
| Cost, Direct Labor | $8.48亿 | $7.57亿 | +12.0% | $29.9亿 | $27.9亿 | +7.2% |
| Cost, Direct Material | $9.72亿 | $9.02亿 | +7.7% | $35.3亿 | $33.7亿 | +4.5% |
| Costs and Expenses | $28.4亿 | $25.3亿 | +12.5% | $99.9亿 | $94亿 | +6.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.99亿 | $4.13亿 | -27.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $108万 | $164万 | -33.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $3.94亿 | $5.19亿 | -24.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $9420万 | $1.04亿 | -9.8% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | $177万 | $474万 | -62.7% | $429万 | $521万 | -17.6% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | $10.4万 | $0 | – | $0 | $69.3万 | -100.0% |
| Debt Securities, Held-to-maturity, Current | $2.68亿 | $7.23亿 | -62.9% | $6.99亿 | $6.74亿 | +3.6% |
| Debt Securities, Held-to-maturity, Noncurrent | $2040万 | $2.7亿 | -92.4% | $1.2亿 | $7.99亿 | -85.0% |
| Deferred Compensation Liability, Current and Noncurrent | $4650万2025-12-31 | $3650万 | +27.3% | $4650万 | $3650万 | +27.3% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $7220万 | -$3280万 | +320.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $60.7万 | $9000 | +6,644.4% |
| Deferred Income Tax Expense (Benefit) | $567万 | $1.04亿 | -94.6% | $7950万 | -$4290万 | +285.1% |
| Deferred Income Tax Liabilities, Net | $1.69亿 | $1.4亿 | +20.4% | $1.26亿 | $4620万 | +172.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $664万 | -$1020万 | +165.1% |
| Deferred Tax Assets, Net of Valuation Allowance | $14.2亿2025-12-31 | $13.1亿 | +8.4% | $14.2亿 | $13.1亿 | +8.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, Foreign | $4310万2025-12-31 | $3520万 | +22.5% | $4310万 | $3520万 | +22.5% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $413万2025-12-31 | $387万 | +6.8% | $413万 | $387万 | +6.8% |
| Deferred Tax Assets, State Taxes | $70.1万2025-12-31 | $87.2万 | -19.6% | $70.1万 | $87.2万 | -19.6% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $6810万2025-12-31 | $6160万 | +10.6% | $6810万 | $6160万 | +10.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $2520万2025-12-31 | $2610万 | -3.3% | $2520万 | $2610万 | -3.3% |
| Deferred Tax Assets, Valuation Allowance | $4540万2025-12-31 | $3910万 | +16.0% | $4540万 | $3910万 | +16.0% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $177万2025-12-31 | $175万 | +0.9% | $177万 | $175万 | +0.9% |
| Deferred Tax Liabilities, Gross | $15.4亿2025-12-31 | $13.5亿 | +14.0% | $15.4亿 | $13.5亿 | +14.0% |
| Deferred Tax Liabilities, Net | $1.26亿2025-12-31 | $4620万 | +172.0% | $1.26亿 | $4620万 | +172.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $3.24亿2025-12-31 | $2.63亿 | +23.4% | $3.24亿 | $2.63亿 | +23.4% |
| Depreciation, Depletion and Amortization | $1.03亿 | $9050万 | +13.4% | $3.61亿 | $3.35亿 | +7.9% |
| Earnings Per Share, Basic | $0.27 | $0.29 | -6.9% | $1.15 | $1.12 | +2.7% |
| Earnings Per Share, Diluted | $0.27 | $0.29 | -6.9% | $1.14 | $1.11 | +2.7% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | -$3.9万 | $59.9万 | -106.5% | -$41.6万 | -$164万 | +74.6% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $4.22亿 | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $0 | – | – |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | – | – | – | 0.0% | 0.3% | -100.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02