CHIPOTLE MEXICAN GRILL INC CMG

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived NYSE

Chipotle Mexican Grill, Inc., a Delaware corporation, together with its subsidiaries ("Chipotle," "we," "us," or "our") owns and operates Chipotle Mexican Grill restaurants, which feature a relevant menu of burritos, burrito bowls (a burrito without the tortilla), quesadillas, tacos, and salads. We strive to cultivate a better world by serving responsibly sourced, classically cooked, real food with wholesome ingredients and without artificial colors, flavors or preservatives. We are passionate about providing a great guest experience and making our food more accessible to everyone while continuing to be a brand with a demonstrated purpose. Our first Chipotle restaurant opened in Denver, Colorado in 1993. Over 30 years later, our devotion to seeking out high-quality ingredients, raised with respect for animals, farmers, and the environment, remains at the core of our commitment to Food with Integrity.

Last close 27.52 2026-10-23
Market cap $34.82B 2026-06-30 share count
52-week range 27.31 - 41.52

Valuation FY2025 figures against the last close

P/S2.9x
P/E24.1x
P/FCF24.1x
EV/EBITDA14.7x
Dividend yield—
Diluted EPS1.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.93B$11.31B$9.87B$8.63B$7.55B$5.98B$5.59B$4.86B$4.48B$3.90B
SG&A $652.0M$697.5M$633.6M$564.2M$606.9M$466.3M$451.6M$375.5M$296.4M$276.2M
Total operating expenses $9.99B$9.40B$8.31B$7.47B$6.74B$5.69B$5.14B$4.61B$4.21B$3.87B
Operating income $1.94B$1.92B$1.56B$1.16B$804.9M$290.2M$444.0M$258.4M$270.8M$34.6M
Pre-tax income $2.01B$2.01B$1.62B$1.18B$812.8M$293.8M$458.3M$268.4M$275.7M$38.7M
Income tax $473.8M$476.1M$391.8M$282.4M$159.8M$62.0M$108.1M$91.9M$99.5M$15.8M
Net income $1.54B$1.53B$1.23B$899.0M$653.0M$355.8M$350.2M$176.6M$176.3M$22.9M
EPS, basic 1.151.120.890.6523.2112.7412.626.356.190.78
EPS, diluted 1.141.110.890.6422.9012.5212.386.316.170.77
Shares, diluted (wtd. avg.) 1.34B1.38B1.39B1.40B28.5M28.4M28.3M28.0M28.6M29.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $350.5M$748.5M$586.2M$409.0M$846.2M$635.8M$508.5M$280.2M$214.2M$116.4M
Short-term investments $698.6M$674.4M$734.8M$515.1M$260.9M$343.6M$400.2M$426.8M$324.4M$329.8M
Receivables $156.5M$144.0M$115.5M$106.9M$99.6M$104.5M$80.5M$62.3M$40.5M$40.5M
Inventory $49.5M$48.9M$39.3M$35.7M$32.8M$26.4M$26.1M$21.6M$19.9M$15.0M
Total current assets $1.47B$1.78B$1.62B$1.18B$1.38B$1.42B$1.07B$814.8M$629.5M$522.4M
Property, plant and equipment $2.68B$2.39B$2.17B$1.95B$1.77B$1.58B$1.46B$1.38B$1.34B$1.30B
Goodwill $21.9M$21.9M$21.9M$21.9M$21.9M$21.9M$21.9M$21.9M$21.9M$21.9M
Total assets $8.99B$9.20B$8.04B$6.93B$6.65B$5.98B$5.10B$2.27B$2.05B$2.03B
Accounts payable $212.8M$210.7M$197.6M$184.6M$163.2M$122.0M$115.8M$113.1M$82.0M$78.4M
Total current liabilities $1.19B$1.17B$1.03B$921.9M$873.7M$822.2M$666.6M$450.0M$323.9M$281.8M
Long-term debt $0$0$0$0$0$0$0———
Total liabilities $6.16B$5.55B$4.98B$4.56B$4.36B$3.96B$3.42B$824.2M$681.2M$623.6M
Retained earnings $619.9M$1.57B$6.06B$4.83B$3.93B$3.28B$2.92B$2.57B$2.40B$2.22B
Total equity $2.83B$3.66B$3.06B$2.37B$2.30B$2.02B$1.68B$1.44B$1.36B$1.40B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.11B$2.11B$1.78B$1.32B$1.28B$663.8M$721.6M$621.6M$468.2M$355.2M
Depreciation and amortisation $361.4M$335.0M$319.4M$286.8M$254.7M$238.5M$212.8M$202.0M$163.3M$146.4M
Stock-based compensation $119.5M$131.7M$124.0M$98.0M$176.4M$82.6M$91.4M$69.2M$65.3M$64.2M
Capital expenditure $666.3M$593.6M$560.7M$479.2M$442.5M$373.4M$333.9M$287.4M$216.8M$258.8M
Investing cash flow -$35.1M-$837.5M-$946.0M-$830.0M-$522.0M-$432.7M-$292.0M-$387.6M-$86.6M$326.8M
Financing cash flow -$2.47B-$1.07B-$660.7M-$929.4M-$548.6M-$104.9M-$201.7M-$166.5M-$285.9M-$836.3M
Buybacks $2.43B$1.00B$592.3M$830.1M$466.5M$54.4M$190.6M$160.9M$285.2M$836.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017294.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 3.9B Net income, FY2016: 22.9M Revenue, FY2017: 4.5B Net income, FY2017: 176.3M Revenue, FY2018: 4.9B Net income, FY2018: 176.6M Revenue, FY2019: 5.6B Net income, FY2019: 350.2M Revenue, FY2020: 6B Net income, FY2020: 355.8M Revenue, FY2021: 7.5B Net income, FY2021: 653M Revenue, FY2022: 8.6B Net income, FY2022: 899M Revenue, FY2023: 9.9B Net income, FY2023: 1.2B Revenue, FY2024: 11.3B Net income, FY2024: 1.5B Revenue, FY2025: 11.9B Net income, FY2025: 1.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.90B $4.48B $4.86B $5.59B $5.98B $7.55B $8.63B $9.87B $11.31B $11.93B
Gross profit — — — — — — — — — —
Net income $22.9M $176.3M $176.6M $350.2M $355.8M $653.0M $899.0M $1.23B $1.53B $1.54B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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