Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11,787	11,314	9,872	8,635	7,547	5,985
Revenue Growth (YoY)	7.31%	14.61%	14.33%	14.41%	26.11%	7.13%
Cost of Revenue	7,050	6,728	5,857	5,261	4,643	3,914
Gross Profit	4,737	4,586	4,015	3,374	2,904	2,071
Selling, General & Admin	932.39	974	898.19	815.5	829.2	689.15
Other Operating Expenses	1,419	1,282	1,164	1,061	974.71	807.16
Operating Expenses	2,750	2,633	2,419	2,192	2,080	1,750
Operating Income	1,988	1,953	1,596	1,182	824.23	320.74
Interest Expense	-1.44	-1.44	-1.54	-0.38	-0.18	-0.55
Interest & Investment Income	85.2	95.34	64.23	21.51	8	4.17
EBT Excluding Unusual Items	2,072	2,047	1,659	1,203	832.05	324.36
Merger & Restructuring Charges	6.5	6.5	-	-	-	-
Asset Writedown	-19.57	-26.95	-38.37	-21.14	-19.29	-30.58
Legal Settlements	-16.6	-16.6	-	-	-	-
Other Unusual Items	-27.01	-	-	-	-	-
Pretax Income	2,015	2,010	1,621	1,182	812.76	293.78
Income Tax Expense	478.38	476.12	391.77	282.43	159.78	-61.99
Net Income	1,537	1,534	1,229	899.1	652.98	355.77
Net Income to Common	1,537	1,534	1,229	899.1	652.98	355.77
Net Income Growth	3.51%	24.85%	36.66%	37.69%	83.54%	1.60%
Shares Outstanding (Basic)	1,349	1,368	1,378	1,393	1,407	1,396
Shares Outstanding (Diluted)	1,355	1,377	1,386	1,403	1,426	1,421
Shares Change (YoY)	-1.80%	-0.65%	-1.25%	-1.58%	0.33%	0.43%
EPS (Basic)	1.14	1.12	0.89	0.65	0.46	0.25
EPS (Diluted)	1.13	1.11	0.89	0.64	0.46	0.25
EPS Growth	4.56%	24.72%	39.06%	39.74%	82.91%	1.13%
Free Cash Flow	1,573	1,511	1,223	844.02	839.61	290.5
Free Cash Flow Per Share	1.16	1.10	0.88	0.60	0.59	0.20
Gross Margin	40.19%	40.54%	40.67%	39.07%	38.48%	34.61%
Operating Margin	16.86%	17.27%	16.17%	13.68%	10.92%	5.36%
Profit Margin	13.04%	13.56%	12.45%	10.41%	8.65%	5.95%
Free Cash Flow Margin	13.35%	13.36%	12.39%	9.78%	11.13%	4.85%
EBITDA	2,340	2,288	1,916	1,468	1,079	559.28
EBITDA Margin	19.86%	20.23%	19.41%	17.01%	14.30%	9.35%
D&A For EBITDA	352.56	335.03	319.39	286.83	254.66	238.53
EBIT	1,988	1,953	1,596	1,182	824.23	320.74
EBIT Margin	16.86%	17.27%	16.17%	13.68%	10.92%	5.36%
Effective Tax Rate	23.74%	23.69%	24.18%	23.90%	19.66%	-
Revenue as Reported	11,787	11,314	9,872	8,635	7,547	5,985

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q