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Chipotle Mexican Grill（CMG）与BRINKER INTERNATIONAL, INC（EAT）财务数据对比。点击上方公司名可切换其他公司
Chipotle Mexican Grill的季度营收约是BRINKER INTERNATIONAL, INC的2.1倍（$3.0B vs $1.5B）。Chipotle Mexican Grill净利率更高（11.1% vs 8.8%，领先2.2%）。BRINKER INTERNATIONAL, INC同比增速更快（6.9% vs 4.9%）。Chipotle Mexican Grill自由现金流更多（$228.4M vs $155.2M）。过去两年BRINKER INTERNATIONAL, INC的营收复合增速更高（13.9% vs 5.1%）
Chipotle Mexican Grill（常简称为Chipotle）是源自美国的跨国休闲快餐连锁品牌，主营现点现做的碗餐、塔可、墨西哥卷饼等风味餐食，餐品制作过程全程向顾客公开。截至2025年12月，品牌全球门店数量已达4000家，品牌名来源于纳瓦特尔语中烟熏干哈拉佩尼奥辣椒的称谓。
Brinker International, Inc.是美国跨国餐饮企业，成立于1975年，总部位于得克萨斯州达拉斯，旗下拥有Chili's和Maggiano's Little Italy两大知名连锁餐饮品牌，目前在全球持有、运营或特许经营的上述品牌门店总计达1672家。
CMG vs EAT — 直观对比
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.5B |
| 净利润 | $330.9M | $128.5M |
| 毛利率 | — | — |
| 营业利润率 | 14.1% | 11.6% |
| 净利率 | 11.1% | 8.8% |
| 营收同比 | 4.9% | 6.9% |
| 净利润同比 | -0.3% | 8.4% |
| 每股收益（稀释后） | $0.25 | $2.86 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.8B | $1.1B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.7B | $1.1B |
| Q4 25 | $330.9M | $128.5M | ||
| Q3 25 | $382.1M | $99.5M | ||
| Q2 25 | $436.1M | $107.0M | ||
| Q1 25 | $386.6M | $119.1M | ||
| Q4 24 | $331.8M | $118.5M | ||
| Q3 24 | $387.4M | $38.5M | ||
| Q2 24 | $455.7M | $57.3M | ||
| Q1 24 | $359.3M | $48.7M |
| Q4 25 | 14.1% | 11.6% | ||
| Q3 25 | 15.9% | 8.7% | ||
| Q2 25 | 18.2% | 9.8% | ||
| Q1 25 | 16.7% | 11.0% | ||
| Q4 24 | 14.6% | 11.5% | ||
| Q3 24 | 16.9% | 5.0% | ||
| Q2 24 | 19.7% | 6.1% | ||
| Q1 24 | 16.3% | 6.2% |
| Q4 25 | 11.1% | 8.8% | ||
| Q3 25 | 12.7% | 7.4% | ||
| Q2 25 | 14.2% | 7.3% | ||
| Q1 25 | 13.4% | 8.4% | ||
| Q4 24 | 11.7% | 8.7% | ||
| Q3 24 | 13.9% | 3.4% | ||
| Q2 24 | 15.3% | 4.7% | ||
| Q1 24 | 13.3% | 4.3% |
| Q4 25 | $0.25 | $2.86 | ||
| Q3 25 | $0.29 | $2.17 | ||
| Q2 25 | $0.32 | $2.31 | ||
| Q1 25 | $0.28 | $2.56 | ||
| Q4 24 | $-12.51 | $2.61 | ||
| Q3 24 | $0.28 | $0.84 | ||
| Q2 24 | $0.33 | $1.22 | ||
| Q1 24 | $13.01 | $1.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.0B | $15.0M |
| 总债务越低越好 | $0 | $451.3M |
| 股东权益账面价值 | $2.8B | $379.3M |
| 总资产 | $9.0B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.19× |
8季度趋势，按日历期对齐
| Q4 25 | $1.0B | $15.0M | ||
| Q3 25 | $1.4B | $33.6M | ||
| Q2 25 | $1.5B | $18.9M | ||
| Q1 25 | $1.4B | $17.5M | ||
| Q4 24 | $1.4B | $14.8M | ||
| Q3 24 | $1.4B | $16.2M | ||
| Q2 24 | $1.5B | $64.6M | ||
| Q1 24 | $1.4B | $15.5M |
| Q4 25 | $0 | $451.3M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $426.0M | ||
| Q1 25 | — | $518.3M | ||
| Q4 24 | $0 | $652.0M | ||
| Q3 24 | — | $806.9M | ||
| Q2 24 | — | $786.3M | ||
| Q1 24 | — | $818.5M |
| Q4 25 | $2.8B | $379.3M | ||
| Q3 25 | $3.2B | $343.9M | ||
| Q2 25 | $3.5B | $370.9M | ||
| Q1 25 | $3.5B | $259.0M | ||
| Q4 24 | $3.7B | $131.5M | ||
| Q3 24 | $3.6B | $12.7M | ||
| Q2 24 | $3.7B | $39.4M | ||
| Q1 24 | $3.4B | $-46.7M |
| Q4 25 | $9.0B | $2.7B | ||
| Q3 25 | $9.3B | $2.7B | ||
| Q2 25 | $9.3B | $2.7B | ||
| Q1 25 | $9.0B | $2.6B | ||
| Q4 24 | $9.2B | $2.6B | ||
| Q3 24 | $9.0B | $2.5B | ||
| Q2 24 | $8.9B | $2.6B | ||
| Q1 24 | $8.4B | $2.5B |
| Q4 25 | 0.00× | 1.19× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | 0.00× | 4.96× | ||
| Q3 24 | — | 63.54× | ||
| Q2 24 | — | 19.96× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $425.8M | $218.9M |
| 自由现金流经营现金流 - 资本支出 | $228.4M | $155.2M |
| 自由现金流率自由现金流/营收 | 7.7% | 10.7% |
| 资本支出强度资本支出/营收 | 6.6% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.29× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $455.9M |
8季度趋势，按日历期对齐
| Q4 25 | $425.8M | $218.9M | ||
| Q3 25 | $569.7M | $120.8M | ||
| Q2 25 | $561.3M | $186.0M | ||
| Q1 25 | $557.1M | $212.0M | ||
| Q4 24 | $526.8M | $218.2M | ||
| Q3 24 | $446.5M | $62.8M | ||
| Q2 24 | $562.6M | $141.5M | ||
| Q1 24 | $569.2M | $130.1M |
| Q4 25 | $228.4M | $155.2M | ||
| Q3 25 | $406.2M | $62.2M | ||
| Q2 25 | $400.7M | $106.1M | ||
| Q1 25 | $412.3M | $132.4M | ||
| Q4 24 | $353.9M | $168.9M | ||
| Q3 24 | $299.0M | $6.3M | ||
| Q2 24 | $422.1M | $83.5M | ||
| Q1 24 | $436.5M | $78.7M |
| Q4 25 | 7.7% | 10.7% | ||
| Q3 25 | 13.5% | 4.6% | ||
| Q2 25 | 13.1% | 7.3% | ||
| Q1 25 | 14.3% | 9.3% | ||
| Q4 24 | 12.4% | 12.4% | ||
| Q3 24 | 10.7% | 0.6% | ||
| Q2 24 | 14.2% | 6.9% | ||
| Q1 24 | 16.2% | 7.0% |
| Q4 25 | 6.6% | 4.4% | ||
| Q3 25 | 5.4% | 4.3% | ||
| Q2 25 | 5.2% | 5.5% | ||
| Q1 25 | 5.0% | 5.6% | ||
| Q4 24 | 6.1% | 3.6% | ||
| Q3 24 | 5.3% | 5.0% | ||
| Q2 24 | 4.7% | 4.8% | ||
| Q1 24 | 4.9% | 4.6% |
| Q4 25 | 1.29× | 1.70× | ||
| Q3 25 | 1.49× | 1.21× | ||
| Q2 25 | 1.29× | 1.74× | ||
| Q1 25 | 1.44× | 1.78× | ||
| Q4 24 | 1.59× | 1.84× | ||
| Q3 24 | 1.15× | 1.63× | ||
| Q2 24 | 1.23× | 2.47× | ||
| Q1 24 | 1.58× | 2.67× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CMG
| U.S.Segment | $2.9B | 98% |
| Chipotle Rewards | $46.1M | 2% |
| Delivery Service | $14.3M | 0% |
EAT
| Chilis Restaurants | $1.3B | 91% |
| Maggianos Restaurants | $134.9M | 9% |
| Franchise Revenues | $13.4M | 1% |
