Is CMG or ULTA cheaper?

On trailing earnings, ULTA is cheaper: CMG trades at a 29.57 P/E and ULTA at 17.53.

Which has grown faster, CMG or ULTA?

Over the past five years, CMG grew revenue faster — CMG at a 13.96% CAGR versus ULTA at 12.93%.

Is CMG or ULTA more profitable?

CMG runs the higher net margin — CMG at 11.96% versus ULTA at 9.36%.

Which has been the better investment, CMG or ULTA?

Over the past 10-year, CMG delivered the higher annualized total return — CMG at 14.79% versus ULTA at 6.90%. Past performance doesn't predict future results.

Chipotle Mexican Grill, Inc. (CMG) vs Ulta Beauty, Inc. (ULTA)

ULTA leads on 10 of 16 compared metrics.

A side-by-side comparison of Chipotle Mexican Grill, Inc. and Ulta Beauty, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMG

Chipotle Mexican Grill, Inc.

$41.34B

$32.23Consumer Cyclical

ULTA

Ulta Beauty, Inc.

$20.11B

$467.74Consumer Cyclical

Total return — CMG vs ULTA

growth of $100 · last 19y

CMG +1154.1%ULTA +1468.5%ULTA compounded faster

CMG ULTA

CMG vs ULTA: by the numbers

•CMG is the larger company ($41.34B vs $20.11B market cap).
•ULTA trades at the lower earnings multiple (17.53 vs 29.57 P/E).
•CMG converts more revenue to profit (11.96% vs 9.36% net margin).
•CMG grew revenue faster over the past five years (13.96% vs 12.93% CAGR).

Which is better, CMG or ULTA?

Metric tally: CMG 6 · ULTA 10

It depends on what you're optimizing for:

ValueULTA(lower P/E)

GrowthCMG(faster 5Y revenue CAGR)

QualityULTA(higher ROIC)

Valuation

Metric	CMG	ULTA
P/E ratio	29.57	17.53●
Forward P/E	23.75	14.65●
P/S ratio	3.46	1.62●
P/B ratio	17.43	7.97●
PEG ratio	12.03●	22.87
EV / EBITDA	20.55	12.53●
FCF yield	3.59%	5.10%●

Profitability

Metric	CMG	ULTA
Gross margin	36.13%	39.33%●
Operating margin	15.79%●	12.54%
Net margin	11.96%●	9.36%
ROE	60.31%●	46.06%
ROIC	18.97%	22.76%●

Growth (annualized)

Metric	CMG	ULTA
Revenue CAGR (5Y)	13.96%●	12.93%
EPS CAGR (5Y)	35.70%	52.49%●
FCF CAGR (5Y)	30.02%●	0.55%
Total return CAGR (5Y)	3.34%	6.68%●

Frequently asked

Which is better, CMG or ULTA?: It depends on your goal. value: ULTA (lower P/E); growth: CMG (faster 5Y revenue CAGR); quality: ULTA (higher ROIC). Across all compared metrics, ULTA leads 10 to 6.
Is CMG or ULTA cheaper?: On trailing earnings, ULTA is cheaper: CMG trades at a 29.57 P/E and ULTA at 17.53.
Which has grown faster, CMG or ULTA?: Over the past five years, CMG grew revenue faster — CMG at a 13.96% CAGR versus ULTA at 12.93%.
Is CMG or ULTA more profitable?: CMG runs the higher net margin — CMG at 11.96% versus ULTA at 9.36%.
Which has been the better investment, CMG or ULTA?: Over the past 10-year, CMG delivered the higher annualized total return — CMG at 14.79% versus ULTA at 6.90%. Past performance doesn't predict future results.

Go deeper

Full CMG analysis Full ULTA analysis Interactive comparison tool

Dig into the metrics

Chipotle Mexican Grill P/E ratio Ulta Beauty P/E ratio Chipotle Mexican Grill dividend yield Ulta Beauty dividend yield Chipotle Mexican Grill ROE Ulta Beauty ROE Chipotle Mexican Grill operating margin Ulta Beauty operating margin Chipotle Mexican Grill revenue growth Ulta Beauty revenue growth Chipotle Mexican Grill free cash flow Ulta Beauty free cash flow

Chipotle Mexican Grill & Ulta Beauty appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.