CMG vs. AXON

Last updated Apr 1, 2026

Compare and contrast key facts about Chipotle Mexican Grill, Inc. (CMG) and Axon Enterprise, Inc. (AXON).

Performance

CMG vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chipotle Mexican Grill, Inc. (CMG) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

CMG vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMG Chipotle Mexican Grill, Inc.	-13.49%	-38.64%	31.83%	64.83%	-20.64%	26.07%	65.65%	93.87%	49.39%	-23.40%
AXON Axon Enterprise, Inc.	-25.22%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Fundamentals

Market Cap CMG : $42.25B AXON : $35.17B
EPS CMG : $1.15 AXON : $1.54
PE Ratio CMG : 27.86 AXON : 276.29
PEG Ratio CMG : 1.04 AXON : 0.08
PS Ratio CMG : 3.59 AXON : 12.39
PB Ratio CMG : 14.93 AXON : 10.85
Total Revenue (TTM) CMG : $11.93B AXON : $2.78B
Gross Profit (TTM) CMG : $4.39B AXON : $1.66B
EBITDA (TTM) CMG : $2.36B AXON : $156.73M

Returns By Period

In the year-to-date period, CMG achieves a -13.49% return, which is significantly higher than AXON's -25.22% return. Over the past 10 years, CMG has underperformed AXON with an annualized return of 13.16%, while AXON has yielded a comparatively higher 36.40% annualized return.

CMG

• 1D: 2.73%
• 1M: -14.00%
• YTD: -13.49%
• 6M: -18.32%
• 1Y: -36.25%
• 3Y*: -2.15%
• 5Y*: 2.16%
• 10Y*: 13.16%

AXON

• 1D: 2.32%
• 1M: -21.70%
• YTD: -25.22%
• 6M: -40.82%
• 1Y: -19.25%
• 3Y*: 23.61%
• 5Y*: 24.31%
• 10Y*: 36.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CMG vs. AXON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMG

CMG Risk / Return Rank: 12
CMG Sharpe Ratio Rank: 6
CMG Sortino Ratio Rank: 9
CMG Omega Ratio Rank: 9
CMG Calmar Ratio Rank: 16
CMG Martin Ratio Rank: 19

AXON

AXON Risk / Return Rank: 28
AXON Sharpe Ratio Rank: 26
AXON Sortino Ratio Rank: 26
AXON Omega Ratio Rank: 26
AXON Calmar Ratio Rank: 31
AXON Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMG vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chipotle Mexican Grill, Inc. (CMG) and Axon Enterprise, Inc. (AXON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CMG	AXON	Difference
Sharpe ratio Return per unit of total volatility	-0.91	-0.36	-0.54
Sortino ratio Return per unit of downside risk	-1.17	-0.21	-0.97
Omega ratio Gain probability vs. loss probability	0.84	0.97	-0.13
Calmar ratio Return relative to maximum drawdown	-0.73	-0.38	-0.35
Martin ratio Return relative to average drawdown	-1.22	-0.79	-0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMG vs. AXON - Sharpe Ratio Comparison

The current CMG Sharpe Ratio is -0.91, which is lower than the AXON Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of CMG and AXON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMG	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	-0.36	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.52	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.75	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.51	0.00

Correlation

The correlation between CMG and AXON is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CMG vs. AXON - Dividend Comparison

Neither CMG nor AXON has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CMG vs. AXON - Drawdown Comparison

The maximum CMG drawdown since its inception was -74.61%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for CMG and AXON.

Drawdown Indicators

	CMG	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-74.61%	-91.78%	+17.17%
Max Drawdown (1Y) Largest decline over 1 year	-48.82%	-54.11%	+5.29%
Max Drawdown (5Y) Largest decline over 5 years	-56.51%	-56.40%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-56.51%	-58.54%	+2.03%
Current Drawdown Current decline from peak	-53.31%	-51.24%	-2.07%
Average Drawdown Average peak-to-trough decline	-21.06%	-43.52%	+22.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.46%	26.11%	+3.35%

Volatility

CMG vs. AXON - Volatility Comparison

The current volatility for Chipotle Mexican Grill, Inc. (CMG) is 11.34%, while Axon Enterprise, Inc. (AXON) has a volatility of 14.24%. This indicates that CMG experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMG	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.34%	14.24%	-2.90%
Volatility (6M) Calculated over the trailing 6-month period	31.24%	38.56%	-7.32%
Volatility (1Y) Calculated over the trailing 1-year period	40.03%	53.05%	-13.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.25%	46.98%	-13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.59%	48.53%	-12.94%

Financials

CMG vs. AXON - Profitability Comparison

The chart below illustrates the profitability comparison between Chipotle Mexican Grill, Inc. and Axon Enterprise, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Chipotle Mexican Grill, Inc. reported a gross profit of 2.06B and revenue of 2.98B. Therefore, the gross margin over that period was 69.1%.

AXON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported a gross profit of 461.30M and revenue of 796.72M. Therefore, the gross margin over that period was 57.9%.

CMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Chipotle Mexican Grill, Inc. reported an operating income of 420.32M and revenue of 2.98B, resulting in an operating margin of 14.1%.

AXON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported an operating income of -53.12M and revenue of 796.72M, resulting in an operating margin of -6.7%.

CMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Chipotle Mexican Grill, Inc. reported a net income of 330.93M and revenue of 2.98B, resulting in a net margin of 11.1%.

AXON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported a net income of 2.75M and revenue of 796.72M, resulting in a net margin of 0.3%.