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MARKETS / NYSE / CMG
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
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
4B8B2008201120142017202020232025
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 five years — 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%2008201120142017202020232025
ROE
FY2025 · ROE 47.4%
20%40%2008201120142017202020232025

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
0.8B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 2.4
1B2B2008201120142017202020232025

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
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 %··················
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 · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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