CMG vs. IHG: Chipotle Mexican Grill vs. InterContinental Hotels Stock Comparison

November 11, 2026

How do Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG) both belong to the Hotels, Restaurants & Leisure industry, though CMG is classified under Restaurants while IHG falls under Hotels, Resorts & Cruise Lines.

Chipotle Mexican Grill (CMG) trades as ordinary local shares, while InterContinental Hotels (IHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Profile Item	CMG	IHG
Name	Chipotle Mexican Grill, Inc.	InterContinental Hotels Group PLC ADR
Country/Region	United States	United Kingdom
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Services	Consumer Services
GICS Industry	Hotels, Restaurants & Leisure	Hotels, Restaurants & Leisure
GICS Sub-Industry	Restaurants	Hotels, Resorts & Cruise Lines
Market Capitalization	43.55 billion USD	26.05 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 26, 2006	April 10, 2003
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CMG

IHG

GSPC

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Total Return (1Y)	16.72%	39.88%
Total Return (3Y, Annualized)	-5.20%	37.41%
Total Return (5Y, Annualized)	-0.33%	22.58%

Risk Profile

Drawdown History

CMG

IHG

GSPC

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Chipotle Mexican Grill (CMG) is heavily traded at around 18.02M shares per day, whereas InterContinental Hotels (IHG) sees a more moderate 213.26K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Volatility (1Y, Annualized)	40.86%	25.00%
Beta (5Y)	0.94	1.09
Max Drawdown (5Y)	-59.86%	-32.78%
Avg. Volume (3M)	18.02M	213.26K

Risk-Adjusted Performance

Risk-Return Positioning

CMG and IHG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Sharpe Ratio (1Y)	0.30	1.42
Sortino Ratio (1Y)	0.46	2.31

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Chipotle Mexican Grill (CMG) earns 48.52% on shareholders’ equity, ranked against its industry; InterContinental Hotels (IHG) has no ROE this period.

CMG

Consumer Services industry group

48.52%

Max: 76.75%
CMG: 48.52%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

IHG

Consumer Services industry group

Max: 76.75%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%
IHG: --

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): IHG does not report ROE, so it has no value marker; CMG is benchmarked against the Consumer Services industry group.

Net Margin (TTM)

InterContinental Hotels (IHG) at 13.40% retains a top-quartile share of revenue as profit, ahead of Chipotle Mexican Grill (CMG) at 10.83%, which keeps about the industry-typical share.

CMG

Consumer Services industry group

10.83%

Max: 25.52%
Q3: 12.95%
CMG: 10.83%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

IHG

Consumer Services industry group

13.40%

Max: 25.52%
IHG: 13.40%
Q3: 12.95%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their net margin against the Consumer Services industry group benchmark.

Operating Margin (TTM)

InterContinental Hotels (IHG) at 25.12% operates in the top operating margin quartile, ahead of Chipotle Mexican Grill (CMG) at 14.13%, which runs around its industry’s norm.

CMG

Consumer Services industry group

14.13%

Max: 49.05%
Q3: 24.35%
Median: 14.23%
CMG: 14.13%
Q1: 5.67%
Min: -16.47%

IHG

Consumer Services industry group

25.12%

Max: 49.05%
IHG: 25.12%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their operating margin against the Consumer Services industry group benchmark.

Profitability Metrics

Profitability metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
ROE (TTM)	48.52%	--
ROA (TTM)	12.50%	15.51%
Net Margin (TTM)	10.83%	13.40%
Operating Margin (TTM)	14.13%	25.12%
Gross Margin (TTM)	39.31%	60.97%

Growth

Revenue Growth

Both Chipotle Mexican Grill (CMG) at 5.41% and InterContinental Hotels (IHG) at 5.40% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Chipotle Mexican Grill (CMG) reports EPS growth of 2.70%, ranked against its industry; InterContinental Hotels (IHG) has no EPS growth figure this period.

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Revenue Growth (YoY)	5.41%	5.40%
Revenue Growth (3Y CAGR)	11.36%	10.06%
EPS Growth (YoY)	2.70%	--
EPS Growth (3Y CAGR)	21.17%	33.17%

Financial Strength

Current Ratio (MRQ)

Chipotle Mexican Grill (CMG) at 0.81 keeps current ratio within its industry’s typical mid-range, while InterContinental Hotels (IHG) at 0.66 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for IHG.

CMG

Consumer Services industry group

0.81

Max: 3.41
Q3: 1.85
Median: 1.06
CMG: 0.81
Q1: 0.72
Min: 0.22

IHG

Consumer Services industry group

0.66

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
IHG: 0.66
Min: 0.22

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their current ratio against the Consumer Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Chipotle Mexican Grill (CMG) carries debt-to-equity ratio of 2.28 against its industry range, while InterContinental Hotels (IHG) reports no figure this period.

CMG

Consumer Services industry group

2.28

Max: 6.12
Q3: 2.93
CMG: 2.28
Median: 1.29
Q1: 0.37
Min: 0.01

IHG

Consumer Services industry group

Max: 6.12
Q3: 2.93
Median: 1.29
Q1: 0.37
Min: 0.01
IHG: --

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): IHG does not report debt-to-equity ratio, so it has no value marker; CMG is benchmarked against the Consumer Services industry group.

Financial Strength Metrics

Financial strength metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Current Ratio (MRQ)	0.81	0.66
Debt / Equity (MRQ)	2.28	--
Net Debt / EBITDA	2.08	2.89

Dividends

Dividend Yield (TTM)

Chipotle Mexican Grill (CMG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile InterContinental Hotels (IHG) reports a yield of 1.08%, ranking against industry peers normally.

CMG

Consumer Services industry group

0.00%

Max: 4.10%
Q3: 1.82%
CMG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IHG

Consumer Services industry group

1.08%

Max: 4.10%
Q3: 1.82%
IHG: 1.08%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their dividend yield against the Consumer Services industry group benchmark.

Dividend Payout Ratio (TTM)

Chipotle Mexican Grill (CMG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile InterContinental Hotels (IHG) reports a payout of 39.21%, ranking against industry peers normally.

CMG

Consumer Services industry group

0.00%

Max: 89.80%
Q3: 36.83%
CMG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IHG

Consumer Services industry group

39.21%

Max: 89.80%
IHG: 39.21%
Q3: 36.83%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their payout ratio against the Consumer Services industry group benchmark.

Dividend Metrics

Dividend metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
Dividend Yield (TTM)	0.00%	1.08%
Dividend Payout Ratio (TTM)	0.00%	39.21%

Valuation

P/E Ratio (TTM)

Chipotle Mexican Grill (CMG) at 32.18 is near its industry’s usual P/E ratio, while InterContinental Hotels (IHG) at 37.95 sits in the richer quartile — IHG needs stronger growth or earnings quality to justify the premium.

CMG

Consumer Services industry group

32.18

Max: 71.70
Q3: 37.12
CMG: 32.18
Median: 21.88
Q1: 13.00
Min: 5.72

IHG

Consumer Services industry group

37.95

Max: 71.70
IHG: 37.95
Q3: 37.12
Median: 21.88
Q1: 13.00
Min: 5.72

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their P/E ratio against the Consumer Services industry group benchmark.

P/S Ratio (TTM)

Both Chipotle Mexican Grill (CMG) at 3.43 and InterContinental Hotels (IHG) at 4.89 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

CMG

Consumer Services industry group

3.43

Max: 6.40
CMG: 3.43
Q3: 3.01
Median: 1.54
Q1: 0.74
Min: 0.08

IHG

Consumer Services industry group

4.89

Max: 6.40
IHG: 4.89
Q3: 3.01
Median: 1.54
Q1: 0.74
Min: 0.08

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their P/S ratio against the Consumer Services industry group benchmark.

P/B Ratio (MRQ)

InterContinental Hotels (IHG) reports a negative P/B ratio of -53.91, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Chipotle Mexican Grill (CMG) reports 17.74, ranking against industry peers normally.

CMG

Consumer Services industry group

17.74

CMG: 17.74
Max: 12.02
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51

IHG

Consumer Services industry group

-53.91

Max: 12.02
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51
IHG: -53.91

Chipotle Mexican Grill (CMG) vs. InterContinental Hotels (IHG): A comparison of their P/B ratio against the Consumer Services industry group benchmark.

Valuation Metrics

Valuation metrics for Chipotle Mexican Grill (CMG) and InterContinental Hotels (IHG)
Metric	CMG	IHG
P/E Ratio (TTM)	32.18	37.95
P/S Ratio (TTM)	3.43	4.89
P/B Ratio (MRQ)	17.74	-53.91
Free Cash Flow Yield (TTM)	2.72%	3.51%