Chipotle Mexican Grill (CMG) stock returns by year
Chipotle Mexican Grill total return by calendar year
| Year | CMG total return | S&P 500 (SPY) | Difference |
|---|---|---|---|
| 2026 to date | −17.5% | +13.7% | −31.3 pts |
| 2025 | −38.6% | +17.7% | −56.4 pts |
| 2024 | +31.8% | +24.9% | +6.9 pts |
| 2023 | +64.8% | +26.2% | +38.6 pts |
| 2022 | −20.6% | −18.2% | −2.5 pts |
| 2021 | +26.1% | +28.7% | −2.7 pts |
| 2020 | +65.7% | +18.3% | +47.3 pts |
| 2019 | +93.9% | +31.2% | +62.6 pts |
| 2018 | +49.4% | −4.6% | +54.0 pts |
| 2017 | −23.4% | +21.7% | −45.1 pts |
| 2016 | −21.4% | +12.0% | −33.4 pts |
| 2015 | −29.9% | +1.2% | −31.1 pts |
| 2014 | +28.5% | +13.5% | +15.0 pts |
| 2013 | +79.1% | +32.3% | +46.8 pts |
| 2012 | −11.9% | +16.0% | −27.9 pts |
| 2011 | +58.8% | +1.9% | +56.9 pts |
| 2010 | +141% | +15.1% | +126 pts |
| 2009 | +42.2% | +26.4% | +15.9 pts |
| 2008 | −57.9% | −36.8% | −21.1 pts |
| 2007 | +158% | +5.1% | +153 pts |
Month-end closes adjusted for splits and dividends, through the October 14, 2026 close. Source: Yahoo Finance chart API, monthly close adjusted for splits and dividends. Excludes taxes, fees and inflation. Methodology
Past returns don't repeat. What does the price assume now?
These tables show what already happened. A buyer today gets the next ten years, and the price already reflects what the market expects. The reverse DCF calculator shows the growth today's price implies, so you can judge whether it is realistic.
Frequently asked questions
What was Chipotle Mexican Grill's best year?
2007, with a total return of +158%. Its worst full year was 2008 at −57.9%.
How often has Chipotle Mexican Grill gone up in a calendar year?
In 12 of the 19 full calendar years since 2007. It beat the S&P 500 (SPY) in 11 of those years.
How is Chipotle Mexican Grill doing this year?
−17.5% from the end of 2025 to the October 14, 2026 close. The S&P 500 (SPY) returned +13.7% over the same stretch.
Do these returns include dividends?
Yes. Each year runs from one December month-end close to the next, using prices adjusted for splits and dividends, so dividends count as reinvested. Taxes, fees and inflation are not included.
Keep exploring
The math is easy. The macro is hard.
Chipotle Mexican Grill shows the arithmetic. Members get the monthly call that decides which inputs matter, plus written breakpoints when the facts move. $39/month or $249/year.
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