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NYSE · RETAIL-EATING PLACES · LARGE CAP

Chipotle Mexican Grill Inc. CMG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$11.9B
▲ 5.4% YoY
$1.5B
▲ 0.1% YoY
$1.4B
▼ 4.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Chipotle owns and operates Chipotle Mexican Grill restaurants, which feature a menu of burritos, burrito bowls, quesadillas, tacos, and salads. As of December 31, 2025, the company owned 3,938 Chipotle restaurants throughout the United States and 104 international Chipotle restaurants, and it had 14 international partner-operated restaurants. The company manages its U.S. operations based on 11 regions and aggregates its operations into one reportable segment. Its revenue is derived from sales by its restaurants. The first Chipotle restaurant opened in Denver, Colorado, in 1993.

Written from the business description in CHIPOTLE MEXICAN GRILL INC's annual report to the U.S. Securities and Exchange Commission, filed 4 February 2026. Every sentence was checked against that document before publication.

Growth

USD 11.9B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 11.9 · Net income 1.5
5B10B
2008201120142017202020232025
Compound annual growth
+11.4%
+14.8%
+19.5%
+34.0%
+12.4%
+15.4%
+21.2%
+43.0%
+113.7%
+18.1%
+23.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.8% a year over the five years to FY2025 — but profit grew faster: net income at +34.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 16.2% · Net 12.9%
5%10%15%
200820162025
ROE
FY2025 · ROE 47.4%
20%40%
200820162025
Three returns, three denominators.

Each USD of equity produced 47 cents of profit this year.

Cash & shareholders

USD 2.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.4
1B2B
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 2.4
1B2B
2008201120142017202020232025

USD 2.4B in buybacks — 158% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 9.0B
EquityUSD 2.8B
CashUSD 350.5M
Gross debtUSD 0.00
Net debtUSD -350.5M
Current ratio1.23×

The company holds more cash than debt.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CMG, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B11.911.39.98.67.56.05.64.94.53.9◌◌◌◌◌◌◌◌
Operating income $B1.91.91.61.20.80.30.40.30.30.00.80.70.50.50.40.30.20.1
EBITDA $B2.32.31.91.41.10.50.70.50.40.20.90.80.60.50.40.40.30.2
Income tax $B0.50.50.40.30.2−0.10.1−0.10.10.00.30.30.20.20.10.10.10.0
Net income $B1.51.51.20.90.70.40.40.20.20.00.50.40.30.30.20.20.10.1
Free cash flow $B1.41.51.20.80.80.30.40.30.30.10.40.40.30.20.30.20.10.0
EPS, diluted $1.141.110.890.6422.9012.5212.386.316.170.7715.1014.1310.478.756.765.643.952.36
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %47.445.745.338.530.219.222.412.612.71.323.025.123.524.323.223.619.112.6

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Eating Places
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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