Chipotle Mexican Grill Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	11,926	11,314	9,872	8,635	7,547
Revenue Growth (YoY)	5.41%	14.61%	14.33%	14.41%	26.11%
Cost of Revenue	7,144	6,728	5,857	5,261	4,643
Gross Profit	4,782	4,586	4,015	3,374	2,904
Selling, General & Admin	652.02	974	898.19	815.5	829.2
Other Operating Expenses	1,756	1,282	1,164	1,061	974.71
Operating Expenses	2,819	2,633	2,419	2,192	2,080
Operating Income	1,963	1,953	1,596	1,182	824.23
Interest Expense	-	-1.44	-1.54	-0.38	-0.18
Interest & Investment Income	73.72	95.34	64.23	21.51	8
EBT Excluding Unusual Items	2,037	2,047	1,659	1,203	832.05
Merger & Restructuring Charges	-	6.5	-	-	-
Asset Writedown	-27.5	-26.95	-38.37	-21.14	-19.29
Legal Settlements	-	-16.6	-	-	-
Pretax Income	2,010	2,010	1,621	1,182	812.76
Income Tax Expense	473.76	476.12	391.77	282.43	159.78
Net Income	1,536	1,534	1,229	899.1	652.98
Net Income to Common	1,536	1,534	1,229	899.1	652.98
Net Income Growth	0.11%	24.85%	36.66%	37.69%	83.54%
Shares Outstanding (Basic)	1,337	1,368	1,378	1,393	1,407
Shares Outstanding (Diluted)	1,343	1,377	1,386	1,403	1,426
Shares Change (YoY)	-2.47%	-0.65%	-1.25%	-1.58%	0.33%
EPS (Basic)	1.15	1.12	0.89	0.65	0.46
EPS (Diluted)	1.14	1.11	0.89	0.64	0.46
EPS Growth	2.70%	24.72%	39.06%	39.74%	82.91%
Free Cash Flow	1,448	1,511	1,223	844.02	839.61
Free Cash Flow Per Share	1.08	1.10	0.88	0.60	0.59
Gross Margin	40.10%	40.54%	40.67%	39.07%	38.48%
Operating Margin	16.46%	17.27%	16.17%	13.68%	10.92%
Profit Margin	12.88%	13.56%	12.45%	10.41%	8.65%
Free Cash Flow Margin	12.14%	13.36%	12.39%	9.78%	11.13%
EBITDA	2,325	2,288	1,916	1,468	1,079
EBITDA Margin	19.49%	20.23%	19.41%	17.01%	14.30%
D&A For EBITDA	361.38	335.03	319.39	286.83	254.66
EBIT	1,963	1,953	1,596	1,182	824.23
EBIT Margin	16.46%	17.27%	16.17%	13.68%	10.92%
Effective Tax Rate	23.58%	23.69%	24.18%	23.90%	19.66%
Revenue as Reported	11,926	11,314	9,872	8,635	7,547

Source: S&P Global Market Intelligence. Standard template. Financial Sources.