Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	8,899	8,296	7,286	6,573	5,840
Gross Profit	3,026	3,018	2,586	2,062	1,707
Selling, General & Admin	652.02	697.48	633.58	564.19	606.85
Depreciation & Amortization Expenses	361.38	335.03	319.39	286.83	254.66
Other Operating Expenses	77.01	68.85	75.3	50.7	40.56
Total Operating Expenses	1,090	1,101	1,028	901.72	902.07
Operating Income	1,936	1,916	1,558	1,160	804.94
Total Non-Operating Income (Expense)	73.72	93.9	62.69	21.13	7.82
Pretax Income	2,010	2,010	1,621	1,182	812.76
Provision for Income Taxes	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 Growth	-4.23%	23.61%	44.87%	0.53%	189.03%
Free Cash Flow Per Share	1.08	1.10	0.88	0.60	0.59
Gross Margin	25.38%	26.67%	26.20%	23.88%	22.62%
Operating Margin	16.23%	16.94%	15.78%	13.44%	10.67%
Profit Margin	12.88%	13.56%	12.45%	10.41%	8.65%
FCF Margin	12.14%	13.36%	12.39%	9.77%	11.12%
EBITDA	2,297	2,251	1,877	1,447	1,060
EBITDA Margin	19.26%	19.90%	19.02%	16.76%	14.04%
EBIT	1,936	1,916	1,558	1,160	804.94
EBIT Margin	16.23%	16.94%	15.78%	13.44%	10.67%
Effective Tax Rate	23.58%	23.68%	24.18%	23.90%	-19.66%

Updated Feb 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q