Arby’s
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Chipotle
Parent: Chipotle Mexican Grill, Inc. · Public; company-operated
NYSE: CMG$35.74+3.8%close Nov. 9, 2026
Credit ratingNot rated
AAAAAABBBBBBCCCD
No verified agency rating.
HeadquartersNewport Beach, CaliforniaQSR & Coffee
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Chipotle guided to 350 to 370 openings in 2026, with about 80% including a Chipotlane drive-thru.
Source: Chipotle third-quarter 2026 resultsOwned more than 4,000 restaurants at the end of 2025 and is working toward a long-term goal of 7,000 in the U.S. and Canada.
Source: Chipotle Mexican Grill, Inc. Form 10-K (filed Feb. 4, 2026)
Chipotle Mexican Grill operates fast-casual Mexican restaurants and owns nearly all of its locations rather than franchising. It carries little funded debt, and its leases are typically signed by the corporate entity.
Store count
4,267 as of Sept. 30, 2026
+8.1%/yr annualized over 1.7 yrs (Dec 2024 to Sep 2026)Counts as reported at each period end. Sources: CMG 10-K filed 2025-02-05; CMG 10-K filed 2026-02-04; Chipotle Form 10-Q (XBRL).
SEC Filings
Annual reports filed by Chipotle Mexican Grill, Inc.. All filings on EDGAR
| Period | Form | Filed | Document |
|---|---|---|---|
| Fiscal year ended Dec. 31, 2025 | 10-K | Feb. 4, 2026 | View on sec.gov |
| Fiscal year ended Dec. 31, 2024 | 10-K | Feb. 5, 2025 | View on sec.gov |
| Fiscal year ended Dec. 31, 2023 | 10-K | Feb. 8, 2024 | View on sec.gov |
| Fiscal year ended Dec. 31, 2022 | 10-K | Feb. 9, 2023 | View on sec.gov |
| Latest quarter, period ended Sept. 30, 2026 | 10-Q | Oct. 29, 2026 | View on sec.gov |
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| S&P Global | Unavailable | Not verified | Not verified | |
| Moody’s | Unavailable | Not verified | Not verified |
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
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