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Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages, such as burritos, burrito bowls, quesadillas, tacos, and salads, as well as kids's meals, chips, and sides. It offers Mexican-inspired meals using responsibly sourced meats, such as chicken, beef, and pork branded as Responsibly Raised. The company also provides digital ordering through its website, mobile app, and third-party delivery platforms. It has operations in the United States, Canada, France, Germany, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $11.9B | $2.4B | $1.5B | $1.4B | 54.3% | 5.4% | 0.1% |
| 2024 | $11.3B | $2.3B | $1.5B | $1.5B | 42.0% | 14.6% | 24.9% |
| 2023 | $9.9B | $2.0B | $1.2B | $1.2B | 40.1% | 14.3% | 36.7% |
| 2022 | $8.6B | $1.5B | $899M | $844M | 38.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,634.65 | 9,871.65 | 11,313.85 | 11,925.60 |
| Cost Of Revenue | - | 6,572.53 | 7,285.56 | 8,296.16 | 8,899.39 |
| Gross Profit | - | 2,062.12 | 2,586.09 | 3,017.69 | 3,026.21 |
| Operating Expense | - | 851.02 | 952.98 | 1,032.51 | 1,013.40 |
| Operating Income | - | 1,211.10 | 1,633.11 | 1,985.18 | 2,012.81 |
| EBITDA | - | 1,497.93 | 1,952.51 | 2,320.21 | 2,374.19 |
| EBIT | - | 1,211.10 | 1,633.11 | 1,985.18 | 2,012.81 |
| Pretax Income | - | 1,181.53 | 1,620.51 | 2,010.23 | 2,009.52 |
| Tax Provision | - | 282.43 | 391.77 | 476.12 | 473.76 |
| Net Income | - | 899.10 | 1,228.74 | 1,534.11 | 1,535.76 |
| Net Income Common Stockholders | - | 899.10 | 1,228.74 | 1,534.11 | 1,535.76 |
| Total Expenses | - | 7,423.55 | 8,238.54 | 9,328.67 | 9,912.79 |
| Interest Income | - | 21.13 | 62.69 | 93.90 | 73.72 |
| Selling General And Administration | - | 564.19 | 633.58 | 697.48 | 652.02 |
| Normalized EBITDA | - | 1,548.63 | 2,027.81 | 2,389.05 | 2,451.20 |
| Normalized Income | - | 937.68 | 1,285.82 | 1,586.65 | 1,594.62 |
| Market Cap | 44,555.89 | 44,555.89 | 44,555.89 | 44,555.89 | 44,555.89 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Chipotle Mexican Grill, Inc.this co. | CMG | $45.7B | 29.01↑ premium | 15.74 | 54.3% | 20.76 |
| Carvana Co. | CVNA | $56.3B | 41.57 | 17.00 | 40.9% | -560.82 |
| D.R. Horton, Inc. | DHI | $49.3B | 12.65 | 1.87 | 14.8% | 10.69 |
| eBay Inc. | EBAY | $44.9B | 21.60 | 9.51 | 44.0% | 16.62 |
| Yum! Brands, Inc. | YUM | $44.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 28.42 |
| -6.05 |
| -21.3% |
| 20.40 |
| Las Vegas Sands Corp. | LVS | $36.6B | 21.54 | 22.04 | 102.3% | 10.44 |
| Carnival Corporation & plc | CCL | $35.7B | 13.64 | 3.06 | 22.5% | 9.22 |
| Tapestry, Inc. | TPR | $31.8B | 162.97 | 34.81 | 21.4% | 62.04 |
| Expedia Group, Inc. | EXPE | $31.5B | 23.81 | 24.00 | 100.8% | 11.46 |
| Peer Median | - | 22.71 | 13.25 | 31.7% | 11.07 | |