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Chipotle Mexican Grill vs Yum China: revenue, profit, margins and growth compared

Chipotle Mexican Grill brought in $11.9B of revenue in fiscal 2025, Yum China $11.8B in fiscal 2025. Revenue changed by +5.4% at Chipotle Mexican Grill and +4.4% at Yum China on the year before, so Chipotle Mexican Grill grew faster. Chipotle Mexican Grill kept 12.9% of its revenue as net profit, Yum China 7.9%. Free cash flow was $1.4B at Chipotle Mexican Grill and $840M at Yum China.

Side by side, latest fiscal year

CMGYUMC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.9B$11.8B
Revenue growth+5.4%+4.4%
Net income$1.5B$929M
Net margin12.9%7.9%
Free cash flow$1.4B$840M
Free cash flow margin12.1%7.1%
Earnings per share (diluted)$1.14$2.51
Cash$350.5M$506M
Debt$0n/a
Price to earnings27.516.1
Market value$39.6B$13.9B
Dividend yieldn/a2.37%
Rank by revenue in sector#107 of 778 · Consumer discretionary#108 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: $11.9BYUMC FY2018: $8.4BYUMC FY2019: $8.8BYUMC FY2020: $8.3BYUMC FY2021: $9.9BYUMC FY2022: $9.6BYUMC FY2023: $11BYUMC FY2024: $11.3BYUMC FY2025: $11.8BFY18FY19FY20FY21FY22FY23FY24FY25
CMG $11.9BYUMC $11.8B
Net income
CMG FY2018: $176.6MCMG FY2019: $350.2MCMG FY2020: $355.8MCMG FY2021: $653MCMG FY2022: $899.1MCMG FY2023: $1.2BCMG FY2024: $1.5BCMG FY2025: $1.5BYUMC FY2018: $708MYUMC FY2019: $713MYUMC FY2020: $784MYUMC FY2021: $990MYUMC FY2022: $442MYUMC FY2023: $827MYUMC FY2024: $911MYUMC FY2025: $929MFY18FY19FY20FY21FY22FY23FY24FY25
CMG $1.5BYUMC $929M
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%YUMC FY2018: 8.4%YUMC FY2019: 8.1%YUMC FY2020: 9.5%YUMC FY2021: 10.0%YUMC FY2022: 4.6%YUMC FY2023: 7.5%YUMC FY2024: 8.1%YUMC FY2025: 7.9%FY18FY19FY20FY21FY22FY23FY24FY25
CMG 12.9%YUMC 7.9%
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%YUMC FY2019: +4.3%YUMC FY2020: -5.8%YUMC FY2021: +19.2%YUMC FY2022: -2.9%YUMC FY2023: +14.7%YUMC FY2024: +3.0%YUMC FY2025: +4.4%FY19FY20FY21FY22FY23FY24FY25
CMG +5.4%YUMC +4.4%
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: $1.4BYUMC FY2018: $863MYUMC FY2019: $750MYUMC FY2020: $695MYUMC FY2021: $442MYUMC FY2022: $734MYUMC FY2023: $763MYUMC FY2024: $714MYUMC FY2025: $840MFY18FY19FY20FY21FY22FY23FY24FY25
CMG $1.4BYUMC $840M

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

Questions about Chipotle Mexican Grill and Yum China

Which is bigger by revenue, Chipotle Mexican Grill or Yum China?

Chipotle Mexican Grill is bigger by revenue: $11.9B in fiscal 2025, against $11.8B for Yum China in fiscal 2025.

Which keeps more of its revenue as profit, Chipotle Mexican Grill or Yum China?

Chipotle Mexican Grill had a net margin of 12.9% in fiscal 2025; Yum China had 7.9% in fiscal 2025.

Which grew revenue faster, Chipotle Mexican Grill or Yum China?

In their latest fiscal years revenue changed by +5.4% at Chipotle Mexican Grill and +4.4% at Yum China.

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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