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Yum China Holdings vs Chipotle Mexican Grill: YUMC and CMG compared
Yum China Holdings is the larger company: $3.5B 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 +8% a year earlier). Chipotle Mexican Grill is more profitable, with an operating margin of 13.7% against 13.0%.
Where the money goes: YUMC and CMG
Yum China Holdings (YUMC) · Q3 2026
Yum China Holdings, Q3 2026: revenue $3.5B (+8% year over year), operating margin 13.0%, net earnings $311M, operating cash flow $505M. 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.
| Yum China Holdings (YUMC) | Chipotle Mexican Grill (CMG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.5B | $3.3B |
| Revenue growth, Y/Y | +8% | +10% |
| Operating margin | 13.0% | 13.7% |
| Net earnings | $311M | $340M |
| Net margin | 8.9% | 10.3% |
| Operating cash flow | $505M | $590M |
| Free cash flow | $359M | $347M |
| Market value | $17.2B | $43.6B |
| P/E | 16.0× | 32.2× |
| Analysts’ mean target | $62.02 | $40.57 |
Where the revenue comes from
Yum China Holdings
- Food and Non Food Revenues From Sales: $3.2B (92%)
- Transactions with Franchisees: $183M (5%)
- Other Revenue: $48.0M (1%)
- Franchise Fees and Income: $32.0M (1%)
Chipotle Mexican Grill
- Food and beverage revenue: $3.3B (100%)
- Delivery service revenue: $15.2M (0%)
Questions
Which is bigger, Yum China Holdings or Chipotle Mexican Grill?
Yum China Holdings is the larger company: $3.5B of revenue in its latest quarter (Q3 2026) against $3.3B for Chipotle Mexican Grill (Q3 2026).
Is Yum China Holdings or Chipotle Mexican Grill growing faster?
Chipotle Mexican Grill is growing faster (+10% against +8% a year earlier).
Which is more profitable, Yum China Holdings or Chipotle Mexican Grill?
Chipotle Mexican Grill is more profitable, with an operating margin of 13.7% against 13.0%.
More: Yum China Holdings earnings · how Yum China Holdings 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 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.