Filing Flows › Comparisons › MCD vs CMG
McDonald's vs Chipotle Mexican Grill: MCD and CMG compared
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $3.3B for Chipotle Mexican Grill (Q3 2026). Chipotle Mexican Grill is growing faster (+10% against +1% a year earlier). McDonald's is more profitable, with an operating margin of 50.2% against 13.7%.
Where the money goes: MCD and CMG
McDonald's (MCD) · Q3 2026
McDonald's, Q3 2026: revenue $7.2B (+1% year over year), operating margin 50.2%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
Chipotle Mexican Grill (CMG) · Q3 2026
Chipotle Mexican Grill, Q3 2026: revenue $3.3B (+10% year over year), operating margin 13.7%, net earnings $340M, operating cash flow $590M. The chart follows the revenue to costs, profit and cash.
| McDonald's (MCD) | Chipotle Mexican Grill (CMG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.2B | $3.3B |
| Revenue growth, Y/Y | +1% | +10% |
| Operating margin | 50.2% | 13.7% |
| Net earnings | $2.5B | $340M |
| Net margin | 34.7% | 10.3% |
| Operating cash flow | $3.0B | $590M |
| Free cash flow | $2.1B | $347M |
| Market value | $196.9B | $43.6B |
| P/E | 22.4× | 32.2× |
| Analysts’ mean target | $299.52 | $40.57 |
Where the revenue comes from
McDonald's
- International Operated Markets: $3.7B (51%)
- U.S. Market: $2.8B (39%)
- International Developmental Licensed Markets and Corporate: $709M (10%)
Chipotle Mexican Grill
- Food and beverage revenue: $3.3B (100%)
- Delivery service revenue: $15.2M (0%)
Questions
Which is bigger, McDonald's or Chipotle Mexican Grill?
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $3.3B for Chipotle Mexican Grill (Q3 2026).
Is McDonald's or Chipotle Mexican Grill growing faster?
Chipotle Mexican Grill is growing faster (+10% against +1% a year earlier).
Which is more profitable, McDonald's or Chipotle Mexican Grill?
McDonald's is more profitable, with an operating margin of 50.2% against 13.7%.
More: McDonald's earnings · how McDonald's makes money · Chipotle Mexican Grill earnings · how Chipotle Mexican Grill makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.