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Chipotle Mexican Grill（CMG）与MERCURY GENERAL CORP（MCY）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MERCURY GENERAL CORP的1.9倍（$3.0B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 11.1%，领先2.1%），MERCURY GENERAL CORP同比增速更快（12.4% vs 4.9%），MERCURY GENERAL CORP自由现金流更多（$273.9M vs $228.4M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% 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。
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
CMG vs MCY — 直观对比
营收规模更大
CMG
是对方的1.9倍
$1.5B
营收增速更快
MCY
高出7.6%
4.9%
净利率更高
MCY
高出2.1%
11.1%
自由现金流更多
MCY
多$45.5M
$228.4M
两年增速更快
MCY
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.5B |
| 净利润 | $330.9M | $202.5M |
| 毛利率 | — | 99.7% |
| 营业利润率 | 14.1% | 16.2% |
| 净利率 | 11.1% | 13.2% |
| 营收同比 | 4.9% | 12.4% |
| 净利润同比 | -0.3% | 100.4% |
| 每股收益（稀释后） | $0.25 | $3.66 |
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
营收CMGMCY
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $2.7B | $1.3B |
净利润CMGMCY
| Q4 25 | $330.9M | $202.5M | ||
| Q3 25 | $382.1M | $280.4M | ||
| Q2 25 | $436.1M | $166.5M | ||
| Q1 25 | $386.6M | $-108.3M | ||
| Q4 24 | $331.8M | $101.1M | ||
| Q3 24 | $387.4M | $230.9M | ||
| Q2 24 | $455.7M | $62.6M | ||
| Q1 24 | $359.3M | $73.5M |
毛利率CMGMCY
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
营业利润率CMGMCY
| Q4 25 | 14.1% | 16.2% | ||
| Q3 25 | 15.9% | 22.1% | ||
| Q2 25 | 18.2% | 14.0% | ||
| Q1 25 | 16.7% | -10.2% | ||
| Q4 24 | 14.6% | 9.0% | ||
| Q3 24 | 16.9% | 18.8% | ||
| Q2 24 | 19.7% | 5.8% | ||
| Q1 24 | 16.3% | 7.0% |
净利率CMGMCY
| Q4 25 | 11.1% | 13.2% | ||
| Q3 25 | 12.7% | 17.7% | ||
| Q2 25 | 14.2% | 11.3% | ||
| Q1 25 | 13.4% | -7.8% | ||
| Q4 24 | 11.7% | 7.4% | ||
| Q3 24 | 13.9% | 15.1% | ||
| Q2 24 | 15.3% | 4.8% | ||
| Q1 24 | 13.3% | 5.8% |
每股收益（稀释后）CMGMCY
| Q4 25 | $0.25 | $3.66 | ||
| Q3 25 | $0.29 | $5.06 | ||
| Q2 25 | $0.32 | $3.01 | ||
| Q1 25 | $0.28 | $-1.96 | ||
| Q4 24 | $-12.51 | $1.82 | ||
| Q3 24 | $0.28 | $4.17 | ||
| Q2 24 | $0.33 | $1.13 | ||
| Q1 24 | $13.01 | $1.33 |
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 | — |
| 总债务越低越好 | $0 | $575.0M |
| 股东权益账面价值 | $2.8B | $2.4B |
| 总资产 | $9.0B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CMGMCY
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
总债务CMGMCY
| Q4 25 | $0 | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMGMCY
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.5B | $1.8B | ||
| Q4 24 | $3.7B | $1.9B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | $3.4B | $1.6B |
总资产CMGMCY
| Q4 25 | $9.0B | $9.6B | ||
| Q3 25 | $9.3B | $9.4B | ||
| Q2 25 | $9.3B | $9.1B | ||
| Q1 25 | $9.0B | $9.0B | ||
| Q4 24 | $9.2B | $8.3B | ||
| Q3 24 | $9.0B | $8.2B | ||
| Q2 24 | $8.9B | $7.7B | ||
| Q1 24 | $8.4B | $7.4B |
负债/权益比CMGMCY
| Q4 25 | 0.00× | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $287.9M |
| 自由现金流经营现金流 - 资本支出 | $228.4M | $273.9M |
| 自由现金流率自由现金流/营收 | 7.7% | 17.8% |
| 资本支出强度资本支出/营收 | 6.6% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.29× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.0B |
8季度趋势，按日历期对齐
经营现金流CMGMCY
| Q4 25 | $425.8M | $287.9M | ||
| Q3 25 | $569.7M | $496.4M | ||
| Q2 25 | $561.3M | $371.6M | ||
| Q1 25 | $557.1M | $-68.7M | ||
| Q4 24 | $526.8M | $248.3M | ||
| Q3 24 | $446.5M | $318.1M | ||
| Q2 24 | $562.6M | $278.0M | ||
| Q1 24 | $569.2M | $192.6M |
自由现金流CMGMCY
| Q4 25 | $228.4M | $273.9M | ||
| Q3 25 | $406.2M | $479.5M | ||
| Q2 25 | $400.7M | $357.2M | ||
| Q1 25 | $412.3M | $-81.9M | ||
| Q4 24 | $353.9M | $236.0M | ||
| Q3 24 | $299.0M | $306.2M | ||
| Q2 24 | $422.1M | $266.5M | ||
| Q1 24 | $436.5M | $182.4M |
自由现金流率CMGMCY
| Q4 25 | 7.7% | 17.8% | ||
| Q3 25 | 13.5% | 30.3% | ||
| Q2 25 | 13.1% | 24.2% | ||
| Q1 25 | 14.3% | -5.9% | ||
| Q4 24 | 12.4% | 17.3% | ||
| Q3 24 | 10.7% | 20.0% | ||
| Q2 24 | 14.2% | 20.4% | ||
| Q1 24 | 16.2% | 14.3% |
资本支出强度CMGMCY
| Q4 25 | 6.6% | 0.9% | ||
| Q3 25 | 5.4% | 1.1% | ||
| Q2 25 | 5.2% | 1.0% | ||
| Q1 25 | 5.0% | 0.9% | ||
| Q4 24 | 6.1% | 0.9% | ||
| Q3 24 | 5.3% | 0.8% | ||
| Q2 24 | 4.7% | 0.9% | ||
| Q1 24 | 4.9% | 0.8% |
现金转化率CMGMCY
| Q4 25 | 1.29× | 1.42× | ||
| Q3 25 | 1.49× | 1.77× | ||
| Q2 25 | 1.29× | 2.23× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.59× | 2.46× | ||
| Q3 24 | 1.15× | 1.38× | ||
| Q2 24 | 1.23× | 4.44× | ||
| Q1 24 | 1.58× | 2.62× |
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% |
MCY
暂无分部数据
