Chipotle Mexican Grill, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 7.55B | 8.63B | 9.87B | 11.31B | 11.93B | 5.4% | |
| Cost of Revenue | (5.84B) | (6.57B) | (7.29B) | (8.30B) | (8.90B) | 7.3% | |
Gross Profit | 1.71B | 2.06B | 2.59B | 3.02B | 3.03B | 0.3% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (606.85M) | (564.19M) | (633.58M) | (697.48M) | (652.02M) | -6.5% | |
| General & Administrative | (606.85M) | (564.19M) | (633.58M) | (697.48M) | (652.02M) | -6.5% | |
| Depreciation & Amortization | (254.66M) | (286.83M) | (319.39M) | (335.03M) | (361.38M) | 7.9% | |
Operating Income (EBIT) | 804.94M | 1.16B | 1.56B | 1.92B | 2.01B | 5.0% | |
| Non-Operating Items | |||||||
| Interest Income | 7.82M | 21.13M | 62.69M | 93.90M | 73.72M | -21.5% | |
| Interest Expense | — | — | — | — | — | — | |
| Other Income/Expenses (Net) | 7.82M | 21.13M | 62.69M | 93.90M | -3.29M | -103.5% | |
Income Before Tax | 812.76M | 1.18B | 1.62B | 2.01B | 2.01B | -0.0% | |
| Income Tax Expense | (159.78M) | (282.43M) | (391.77M) | (476.12M) | (473.76M) | -0.5% | |
Net Income | 652.98M | 899.10M | 1.23B | 1.53B | 1.54B | 0.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $0 | $1 | $1 | $1 | $1 | 2.7% | |
| Weighted Avg Shares Outstanding | 1.41B | 1.39B | 1.38B | 1.37B | 1.34B | -2.3% | |
| Weighted Avg Shares Outstanding (Diluted) | 1.43B | 1.40B | 1.39B | 1.38B | 1.34B | -2.5% | |
EBITDA | 1.10B | 1.50B | 1.95B | 2.32B | 2.37B | 2.2% |
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