NYSE · Financial Statements

Chipotle Mexican Grill, Inc. (CMG) Financial Statements

$27.52 NYSE: CMG Market Cap $34.82B

Chipotle Mexican Grill, Inc. most recently reported annual revenue of $11.9B, net profit of $1.5B. Revenue grew at an average annual rate of 14.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Chipotle Mexican Grill, Inc.: Revenue rose from $3.9B in 2016 to $11.9B in 2025, a change of +205.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 0.9% to 16.9%, a shift of +16.0 percentage points; the most recent year shows net profit of $1.5B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.9B$4.5B$4.9B$5.6B$6.0B$7.5B$8.6B$9.9B$11.3B$11.9B
Operating Expenses$3.9B$4.2B$4.6B$5.1B$5.7B$6.7B$7.5B$8.3B$9.4B$9.9B
Operating Profit$35.0M$271.0M$258.0M$444.0M$290.0M$805.0M$1.2B$1.6B$1.9B$2.0B
Operating Margin0.9%6.0%5.3%8.0%4.8%10.7%13.4%15.8%16.9%16.9%
Other Income$4.0M$5.0M$10.0M$14.0M$4.0M$8.0M$21.0M$63.0M$94.0M$-3.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$146.0M$163.0M$202.0M$213.0M$239.0M$255.0M$287.0M$319.0M$335.0M$361.0M
Profit Before Tax$39.0M$276.0M$268.0M$458.0M$294.0M$813.0M$1.2B$1.6B$2.0B$2.0B
Tax$40.8M$36.1M$34.2M$23.6M$-21.1M$19.7M$23.9M$24.2M$23.7M$23.6M
Net Profit$23.0M$176.0M$177.0M$350.0M$356.0M$653.0M$899.0M$1.2B$1.5B$1.5B
EPS$0.02$0.12$0.13$0.25$0.25$0.46$0.64$0.89$1.11$1.14
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.5B$2.5B$2.7B$3.0B$2.8B$2.8B$2.9B$3.1B$3.0B$3.0B$3.1B$3.3B
Operating Expenses$2.1B$2.2B$2.3B$2.4B$2.3B$2.4B$2.4B$2.5B$2.5B$2.5B$2.7B$2.8B
Operating Profit$395.0M$363.0M$441.0M$586.0M$473.0M$416.0M$494.0M$575.0M$498.0M$446.0M$419.0M$526.0M
Operating Margin16.0%14.4%16.3%19.7%16.9%14.6%17.2%18.8%16.6%14.9%13.6%15.7%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$413.0M$382.0M$461.0M$608.0M$503.0M$439.0M$502.0M$577.0M$497.0M$434.0M$406.0M$533.0M
Tax$24.2M$26.2M$22.0M$25.0M$22.9M$24.4M$22.9M$24.5M$23.1M$23.7M$25.4M$24.3M
Net Profit$313.0M$282.0M$359.0M$456.0M$387.0M$332.0M$387.0M$436.0M$382.0M$331.0M$303.0M$404.0M
EPS$0.23$0.20$0.26$0.33$0.28$0.24$0.28$0.32$0.29$0.25$0.23$0.32

Over the 10 years reported for Chipotle Mexican Grill, Inc., cash stood at $351.0M in the latest year, shareholders' equity was $13.0M, current assets covered current liabilities 1.23 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.0B$2.0B$2.3B$5.1B$6.0B$6.7B$6.9B$8.0B$9.2B$9.0B
Current Assets$522.0M$630.0M$815.0M$1.1B$1.4B$1.4B$1.2B$1.6B$1.8B$1.5B
Cash$88.0M$185.0M$250.0M$481.0M$608.0M$815.0M$384.0M$561.0M$749.0M$351.0M
Inventory$15.0M$20.0M$22.0M$26.0M$26.0M$33.0M$36.0M$39.0M$49.0M$50.0M
Receivables$46.0M$50.0M$62.0M$108.0M$387.0M$194.0M$155.0M$168.0M$211.0M$248.0M
Fixed Assets$1.3B$1.3B$1.4B$4.0B$4.4B$4.9B$5.3B$5.7B$6.4B$7.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$455.0M$324.0M$427.0M$400.0M$446.0M$535.0M$903.0M$1.3B$1.5B$931.0M
Other Assets$22.0M$22.0M$22.0M$22.0M$22.0M$22.0M$22.0M$22.0M$22.0M$22.0M
Total Liabilities$624.0M$681.0M$824.0M$3.4B$4.0B$4.4B$4.6B$5.0B$5.5B$6.2B
Current Liabilities$282.0M$324.0M$450.0M$667.0M$822.0M$874.0M$922.0M$1.0B$1.2B$1.2B
Borrowings$0$0$0$2.9B$3.2B$3.5B$3.7B$4.1B$4.5B$9.8B
Other Liabilities$624.0M$681.0M$824.0M$570.0M$806.0M$835.0M$828.0M$931.0M$1.0B$0
Equity$0$0$0$0$0$0$0$19.0M$14.0M$13.0M
Reserves$1.4B$1.4B$1.4B$1.7B$2.0B$2.3B$2.4B$3.1B$3.7B$2.8B

For Chipotle Mexican Grill, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.4B; free cash flow was positive in 10 of 10 years; financing activities used $2.5B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$349.0M$467.0M$622.0M$722.0M$664.0M$1.3B$1.3B$1.8B$2.1B$2.1B
Investing Cash Flow$68.0M$-303.0M$-675.0M$-626.0M$-806.0M$-965.0M$-1.3B$-1.5B$-1.4B$-701.0M
Financing Cash Flow$-836.0M$-286.0M$-167.0M$-191.0M$-105.0M$-549.0M$-929.0M$-661.0M$-1.1B$-2.5B
Net Cash Flow$-160.0M$97.0M$66.0M$228.0M$127.0M$210.0M$-437.0M$177.0M$192.0M$-392.0M
Free Cash Flow$90.0M$250.0M$334.0M$388.0M$290.0M$840.0M$844.0M$1.2B$1.5B$1.4B

Valuation & Return Ratios

MetricValue
PEG Ratio-8.12
EV / EBITDA19.95
FCF Yield3.90%
Quick Ratio0.68
Interest Coverage—
Return 1Y-34.17%
Return 3Y-25.83%
Return 5Y-18.13%

Chipotle Mexican Grill, Inc. (CMG) financials — frequently asked questions

What is Chipotle Mexican Grill, Inc.'s annual revenue?

Chipotle Mexican Grill, Inc. (CMG) reported annual revenue of $11.9B in its most recent fiscal year.

What is Chipotle Mexican Grill, Inc.'s net profit?

Chipotle Mexican Grill, Inc. (CMG) reported net profit of $1.5B in its most recent fiscal year.

What is CMG EV/EBITDA?

Chipotle Mexican Grill, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 19.95.

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