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Chipotle Mexican Grill vs Texas Roadhouse: revenue, profit, margins and growth compared

Chipotle Mexican Grill brought in $11.9B of revenue in fiscal 2025, Texas Roadhouse $5.9B in fiscal 2025. Revenue changed by +5.4% at Chipotle Mexican Grill and +9.4% at Texas Roadhouse on the year before, so Texas Roadhouse grew faster. Chipotle Mexican Grill kept 12.9% of its revenue as net profit, Texas Roadhouse 6.9%. Free cash flow was $1.4B at Chipotle Mexican Grill and $342.1M at Texas Roadhouse.

Side by side, latest fiscal year

CMGTXRH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 30, 2025)
Revenue$11.9B$5.9B
Revenue growth+5.4%+9.4%
Net income$1.5B$405.6M
Net margin12.9%6.9%
Free cash flow$1.4B$342.1M
Free cash flow margin12.1%5.8%
Earnings per share (diluted)$1.14$6.10
Cash$350.5M$134.7M
Debt$0$0
Price to earnings27.526.2
Market value$39.6B$10.5B
Dividend yieldn/a1.70%
Rank by revenue in sector#107 of 778 · Consumer discretionary#180 of 778 · Consumer discretionary

Over the years

Revenue
CMG FY2018: $4.9BCMG FY2019: $5.6BCMG FY2020: $6BCMG FY2021: $7.5BCMG FY2022: $8.6BCMG FY2023: $9.9BCMG FY2024: $11.3BCMG FY2025: $11.9BTXRH FY2018: $2.5BTXRH FY2019: $2.8BTXRH FY2020: $2.4BTXRH FY2021: $3.5BTXRH FY2022: $4BTXRH FY2023: $4.6BTXRH FY2024: $5.4BTXRH FY2025: $5.9BFY18FY19FY20FY21FY22FY23FY24FY25
CMG $11.9BTXRH $5.9B
Net income
CMG FY2018: $176.6MCMG FY2019: $350.2MCMG FY2020: $355.8MCMG FY2021: $653MCMG FY2022: $899.1MCMG FY2023: $1.2BCMG FY2024: $1.5BCMG FY2025: $1.5BTXRH FY2018: $158.2MTXRH FY2019: $174.5MTXRH FY2020: $31.3MTXRH FY2021: $245.3MTXRH FY2022: $269.8MTXRH FY2023: $304.9MTXRH FY2024: $433.6MTXRH FY2025: $405.6MFY18FY19FY20FY21FY22FY23FY24FY25
CMG $1.5BTXRH $405.6M
Net margin
CMG FY2018: 3.6%CMG FY2019: 6.3%CMG FY2020: 5.9%CMG FY2021: 8.7%CMG FY2022: 10.4%CMG FY2023: 12.4%CMG FY2024: 13.6%CMG FY2025: 12.9%TXRH FY2018: 6.4%TXRH FY2019: 6.3%TXRH FY2020: 1.3%TXRH FY2021: 7.1%TXRH FY2022: 6.7%TXRH FY2023: 6.6%TXRH FY2024: 8.1%TXRH FY2025: 6.9%FY18FY19FY20FY21FY22FY23FY24FY25
CMG 12.9%TXRH 6.9%
Revenue growth
CMG FY2019: +14.8%CMG FY2020: +7.1%CMG FY2021: +26.1%CMG FY2022: +14.4%CMG FY2023: +14.3%CMG FY2024: +14.6%CMG FY2025: +5.4%TXRH FY2019: +12.2%TXRH FY2020: -13.0%TXRH FY2021: +44.4%TXRH FY2022: +15.9%TXRH FY2023: +15.4%TXRH FY2024: +16.0%TXRH FY2025: +9.4%FY19FY20FY21FY22FY23FY24FY25
CMG +5.4%TXRH +9.4%
Free cash flow
CMG FY2018: $334.2MCMG FY2019: $387.7MCMG FY2020: $290.5MCMG FY2021: $839.6MCMG FY2022: $844MCMG FY2023: $1.2BCMG FY2024: $1.5BCMG FY2025: $1.4BTXRH FY2018: $196.9MTXRH FY2019: $160MTXRH FY2020: $76MTXRH FY2021: $268.1MTXRH FY2022: $265.6MTXRH FY2023: $218MTXRH FY2024: $399.3MTXRH FY2025: $342.1MFY18FY19FY20FY21FY22FY23FY24FY25
CMG $1.4BTXRH $342.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Chipotle Mexican Grill and Texas Roadhouse

Which is bigger by revenue, Chipotle Mexican Grill or Texas Roadhouse?

Chipotle Mexican Grill is bigger by revenue: $11.9B in fiscal 2025, against $5.9B for Texas Roadhouse in fiscal 2025.

Which keeps more of its revenue as profit, Chipotle Mexican Grill or Texas Roadhouse?

Chipotle Mexican Grill had a net margin of 12.9% in fiscal 2025; Texas Roadhouse had 6.9% in fiscal 2025.

Which grew revenue faster, Chipotle Mexican Grill or Texas Roadhouse?

In their latest fiscal years revenue changed by +5.4% at Chipotle Mexican Grill and +9.4% at Texas Roadhouse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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