Chipotle Mexican Grill (CMG) Financials

$51.45 -0.82 (-1.57%)

As of 03:58 PM Eastern

Annual Income Statements for Chipotle Mexican Grill

This table shows Chipotle Mexican Grill's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,530	1,230	897	652	356	350	360	176	23	476
Consolidated Net Income / (Loss)	1,534	1,229	899	653	356	350	177	176	23	476
Net Income / (Loss) Continuing Operations	1,534	1,229	899	653	356	350	360	176	23	476
Total Pre-Tax Income	2,010	1,621	1,182	813	294	458	268	276	39	770
Total Operating Income	1,916	1,558	1,160	805	290	444	258	271	35	764
Total Gross Profit	3,018	2,586	2,062	1,707	4,052	3,738	3,264	756	498	1,174
Total Revenue	11,314	9,872	8,635	7,547	5,985	5,586	4,865	4,476	3,904	4,501
Operating Revenue	11,314	9,872	8,635	7,547	5,985	5,586	4,865	4,476	3,904	4,501
Total Cost of Revenue	8,296	7,286	6,573	5,840	1,933	1,848	1,601	3,720	3,406	3,327
Operating Cost of Revenue	8,296	7,286	6,573	5,840	1,933	1,848	1,601	3,720	3,406	3,327
Total Operating Expenses	1,101	1,028	902	902	3,762	3,294	3,006	485	464	411
Selling, General & Admin Expense	697	634	564	607	1,496	1,212	1,055	296	276	250
Depreciation Expense	335	319	287	255	239	213	202	163	146	130
Impairment Charge	27	38	21	19	31	23	67	13	24	13
Other Special Charges / (Income)	42	37	30	21	16	11	8.55	12	17	17
Total Other Income / (Expense), net	94	63	21	7.82	3.62	14	10	4.95	4.17	6.28
Other Income / (Expense), net	94	63	21	7.82	3.62	14	10	-	4.17	6.28
Income Tax Expense	476	392	282	160	-62	108	92	99	16	294
Basic Earnings per Share	$1.12	$0.89	$0.65	$23.21	$12.74	$12.62	$6.35	$6.19	$0.78	$15.30
Weighted Average Basic Shares Outstanding	1.37B	1.38B	1.39B	28.13M	27.92M	27.74M	27.82M	28.49M	29.27M	31.09M
Diluted Earnings per Share	$1.11	$0.89	$0.64	$22.90	$12.52	$12.38	$6.31	$6.17	$0.77	$15.10
Weighted Average Diluted Shares Outstanding	1.38B	1.39B	1.40B	28.51M	28.42M	28.30M	27.96M	28.56M	29.77M	31.49M
Weighted Average Basic & Diluted Shares Outstanding	1.36B	27.42M	27.62M	28.03M	28.14M	27.77M	27.80M	28.50M	29.40M	28.77M

This table shows Chipotle Mexican Grill's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	387	329	388	455	358	284	312	342	292	225	255
Consolidated Net Income / (Loss)	387	332	387	456	359	282	313	342	292	224	257
Net Income / (Loss) Continuing Operations	387	332	387	456	359	282	313	342	292	224	257
Total Pre-Tax Income	502	439	503	608	461	382	413	448	377	303	340
Total Operating Income	479	416	473	586	441	363	395	432	368	296	336
Total Gross Profit	754	704	712	859	742	638	650	691	607	-452	563
Total Revenue	2,875	2,845	2,794	2,973	2,702	2,516	2,472	2,515	2,369	2,181	2,220
Operating Revenue	2,875	2,845	2,794	2,973	2,702	2,516	2,472	2,515	2,369	2,181	2,220
Total Cost of Revenue	2,122	2,141	2,081	2,114	1,960	1,878	1,822	1,824	1,761	2,633	1,658
Operating Cost of Revenue	2,122	2,141	2,081	2,114	1,960	1,878	1,822	1,824	1,761	2,633	1,658
Total Operating Expenses	274	289	239	273	301	275	255	259	239	-748	226
Selling, General & Admin Expense	173	191	127	175	205	169	160	156	148	-196	141
Depreciation Expense	87	84	84	84	83	85	79	79	77	74	71
Impairment Charge	6.17	0.53	15	5.76	5.48	6.53	7.24	16	8.36	5.79	6.36
Other Special Charges / (Income)	8.21	13	13	9.00	7.21	14	9.61	7.54	6.20	11	7.62
Total Other Income / (Expense), net	22	23	29	22	19	19	18	16	8.95	7.06	3.71
Other Income / (Expense), net	22	23	29	22	19	19	18	16	8.95	7.06	3.71
Income Tax Expense	115	107	115	152	101	100	100	106	85	80	83
Basic Earnings per Share	$0.29	$0.24	$0.28	$0.33	$13.09	$0.21	$0.23	$0.25	$10.56	$0.16	$9.26
Weighted Average Basic Shares Outstanding	1.35B	1.37B	1.37B	1.37B	27.44M	1.38B	1.38B	1.38B	27.62M	1.39B	27.77M
Diluted Earnings per Share	$0.28	$0.24	$0.28	$0.33	$13.01	$0.21	$0.23	$0.25	$10.50	$0.16	$9.20
Weighted Average Diluted Shares Outstanding	1.36B	1.38B	1.37B	1.38B	27.62M	1.39B	1.38B	1.39B	27.79M	1.40B	27.96M
Weighted Average Basic & Diluted Shares Outstanding	1.35B	1.36B	1.36B	1.37B	27.47M	27.42M	27.44M	27.59M	27.59M	27.62M	27.72M

This table details how cash moves in and out of Chipotle Mexican Grill's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	192	177	-437	210	127	228	66	98	-154	-167
Net Cash From Operating Activities	2,105	1,783	1,323	1,282	664	722	622	468	355	758
Net Cash From Continuing Operating Activities	2,105	1,783	1,323	1,282	664	722	622	468	355	683
Net Income / (Loss) Continuing Operations	1,534	1,229	899	653	356	350	177	176	23	476
Consolidated Net Income / (Loss)	1,534	1,229	899	653	356	350	177	176	23	476
Depreciation Expense	335	319	287	255	239	213	202	163	146	130
Non-Cash Adjustments To Reconcile Net Income	267	225	162	240	172	139	156	87	131	105
Changes in Operating Assets and Liabilities, net	-31	10	-25	134	-102	20	87	43	55	47
Net Cash From Investing Activities	-838	-946	-830	-522	-433	-292	-388	-87	327	-464
Net Cash From Continuing Investing Activities	-838	-946	-830	-522	-433	-292	-388	-87	327	-464
Purchase of Property, Plant & Equipment	-594	-561	-479	-442	-373	-334	-287	-217	-259	-257
Purchase of Investments	-987	-1,115	-614	-429	-468	-449	-485	-200	0.00	-559
Sale of Property, Plant & Equipment	20	0.00	0.00	4.04	0.00	14	0.00	0.00	-	-
Sale and/or Maturity of Investments	723	730	264	346	419	477	385	330	586	353
Net Cash From Financing Activities	-1,074	-661	-929	-549	-105	-202	-167	-286	-836	-461
Net Cash From Continuing Financing Activities	-1,074	-661	-929	-549	-105	-202	-167	-286	-836	-461
Repurchase of Common Equity	-1,002	-592	-830	-466	-54	-191	-161	-285	-837	-461
Issuance of Debt	2.09	-	-0.29	-2.27	-	-	-	0.03	-	-
Other Financing Activities, net	-74	-69	-99	-80	-49	-10	-5.41	-0.70	-0.90	-
Other Net Changes in Cash	-1.64	0.38	-1.01	-1.04	-	0.41	-1.46	2.06	0.11	-
Cash Income Taxes Paid	533	400	276	0.00	85	110	67	120	24	249

This table details how cash moves in and out of Chipotle Mexican Grill's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-22	52	-108	81	167	-41	98	95	26	11	-154
Net Cash From Operating Activities	557	527	446	563	569	265	480	583	455	402	352
Net Cash From Continuing Operating Activities	557	527	446	563	569	265	480	583	455	402	352
Net Income / (Loss) Continuing Operations	387	332	387	456	359	282	313	342	292	224	257
Consolidated Net Income / (Loss)	387	332	387	456	359	282	313	342	292	224	257
Depreciation Expense	87	84	84	84	83	85	79	79	77	74	71
Non-Cash Adjustments To Reconcile Net Income	29	122	37	73	35	117	41	56	11	84	38
Changes in Operating Assets and Liabilities, net	54	-11	-62	-50	92	-219	47	106	76	20	-15
Net Cash From Investing Activities	6.08	-136	-64	-336	-301	-152	-166	-392	-236	-184	-397
Net Cash From Continuing Investing Activities	6.08	-136	-64	-336	-301	-152	-166	-392	-236	-184	-397
Purchase of Property, Plant & Equipment	-145	-173	-148	-140	-133	-172	-131	-137	-120	-144	-139
Purchase of Investments	-4.00	-158	-90	-372	-367	-269	-255	-376	-215	-101	-319
Sale and/or Maturity of Investments	155	175	174	176	198	289	220	121	100	61	60
Net Cash From Financing Activities	-585	-339	-490	-145	-100	-155	-216	-95	-194	-207	-108
Net Cash From Continuing Financing Activities	-585	-339	-490	-145	-100	-155	-216	-95	-194	-207	-108
Repurchase of Common Equity	-554	-339	-490	-145	-27	-155	-216	-95	-127	-200	-108
Issuance of Debt	1.52	-	-	-	-	-	-	-	-	0.29	0.00
Other Financing Activities, net	-33	-0.88	-0.34	-0.36	-73	-0.53	-1.14	-0.29	-67	-6.60	-0.47
Other Net Changes in Cash	-0.24	-0.14	-0.37	-0.37	-0.75	-	-	-0.03	0.29	0.16	-0.68
Cash Income Taxes Paid	8.75	124	131	270	7.86	346	21	33	-0.25	48	88

This table presents Chipotle Mexican Grill's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	9,204	8,044	6,928	6,653	5,983	5,105	2,266	2,046	2,026	2,725
Total Current Assets	1,781	1,621	1,176	1,382	1,420	1,072	815	630	522	815
Cash & Equivalents	749	561	384	815	608	481	250	185	88	248
Short-Term Investments	674	735	515	261	344	400	427	324	330	415
Accounts Receivable	144	116	107	100	105	81	62	40	40	38
Inventories, net	49	39	36	33	26	26	22	20	15	15
Prepaid Expenses	98	117	86	79	55	57	54	51	44	40
Current Deferred & Refundable Income Taxes	67	53	48	94	283	28	0.00	9.35	5.11	58
Plant, Property, & Equipment, net	2,390	2,170	1,951	1,769	1,584	1,459	1,379	1,338	1,304	1,217
Total Noncurrent Assets	5,034	4,254	3,801	3,502	2,978	2,574	71	78	200	693
Long-Term Investments	868	564	388	274	102	0.00	-	-	125	623
Goodwill	22	22	22	22	22	22	22	22	22	22
Other Noncurrent Operating Assets	4,144	3,667	3,391	3,206	2,854	2,552	50	56	53	48
Total Liabilities & Shareholders' Equity	9,204	8,044	6,928	6,653	5,983	5,105	2,266	2,046	2,026	2,725
Total Liabilities	5,549	4,982	4,559	4,356	3,963	3,422	824	681	624	597
Total Current Liabilities	1,169	1,031	922	874	822	667	450	324	282	280
Accounts Payable	211	198	185	163	122	116	113	82	78	86
Accrued Expenses	180	148	148	173	165	156	148	96	127	129
Current Deferred Revenue	239	210	183	156	128	95	70	64	-	-
Current Employee Benefit Liabilities	262	228	170	162	203	127	113	83	76	65
Other Current Liabilities	278	248	236	219	205	173	0.00	-	-	-
Total Noncurrent Liabilities	4,380	3,952	3,638	3,482	3,141	2,755	374	357	342	317
Noncurrent Deferred & Payable Income Tax Liabilities	46	89	99	142	149	38	12	0.81	19	32
Other Noncurrent Operating Liabilities	4,334	3,862	3,539	3,340	2,991	2,717	32	40	34	33
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	3,656	3,062	2,368	2,297	2,020	1,683	1,441	1,364	1,402	2,128
Total Preferred & Common Equity	3,656	3,062	2,368	2,297	2,020	1,683	1,441	1,364	1,402	2,128
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,656	3,062	2,368	2,297	2,020	1,683	1,441	1,364	1,402	2,128
Common Stock	2,092	1,957	1,830	1,730	1,550	1,466	1,375	1,305	1,239	1,173
Retained Earnings	1,574	6,057	4,828	3,929	3,276	2,921	2,574	2,397	2,221	2,198
Treasury Stock	0.00	-4,945	-4,282	-3,356	-2,802	-2,699	-2,501	-2,334	-2,049	-1,235
Accumulated Other Comprehensive Income / (Loss)	-10	-6.66	-7.89	-5.35	-4.23	-5.36	-6.24	-3.66	-8.16	-8.27

This table presents Chipotle Mexican Grill's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	9,044	9,204	9,012	8,920	8,411	8,044	7,911	7,552	7,053	6,928	6,817
Total Current Assets	1,662	1,781	1,680	1,786	1,646	1,621	1,669	1,556	1,261	1,176	1,077
Cash & Equivalents	726	749	699	807	727	561	602	505	410	384	367
Short-Term Investments	689	674	669	683	692	735	852	851	653	515	417
Accounts Receivable	102	144	93	98	90	116	71	61	66	107	71
Inventories, net	41	49	50	36	38	39	40	36	35	36	34
Prepaid Expenses	104	98	88	92	98	117	104	103	98	86	76
Current Deferred & Refundable Income Taxes	0.00	67	82	72	0.00	53	0.00	0.00	0.00	48	112
Plant, Property, & Equipment, net	2,437	2,390	2,320	2,266	2,203	2,170	2,093	2,022	1,981	1,951	1,872
Total Noncurrent Assets	4,946	5,034	5,011	4,868	4,563	4,254	4,149	3,974	3,811	3,801	3,868
Long-Term Investments	701	868	892	973	777	564	473	431	368	388	443
Goodwill	22	22	22	22	22	22	22	22	22	22	22
Other Noncurrent Operating Assets	4,223	4,144	4,097	3,873	3,764	3,667	3,654	3,521	3,421	3,391	3,404
Total Liabilities & Shareholders' Equity	9,044	9,204	9,012	8,920	8,411	8,044	7,911	7,552	7,053	6,928	6,817
Total Liabilities	5,553	5,549	5,398	5,208	5,050	4,982	5,025	4,786	4,572	4,559	4,490
Total Current Liabilities	1,092	1,169	1,038	1,043	997	1,031	1,088	982	894	922	818
Accounts Payable	217	211	221	203	197	198	208	162	183	185	168
Accrued Expenses	185	180	181	170	172	148	151	141	160	148	156
Current Deferred Revenue	204	239	180	182	187	210	156	159	158	183	133
Current Deferred & Payable Income Tax Liabilities	46	-	-	-	45	-	173	98	38	-	-
Current Employee Benefit Liabilities	154	262	184	223	142	228	155	177	116	170	128
Other Current Liabilities	285	278	271	264	254	248	245	244	239	236	232
Total Noncurrent Liabilities	4,462	4,380	4,360	4,165	4,053	3,952	3,937	3,803	3,678	3,638	3,672
Noncurrent Deferred & Payable Income Tax Liabilities	39	46	80	83	84	89	111	106	98	99	133
Other Noncurrent Operating Liabilities	4,423	4,334	4,280	4,082	3,968	3,862	3,826	3,697	3,579	3,539	3,539
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,491	3,656	3,614	3,712	3,361	3,062	2,886	2,767	2,482	2,368	2,327
Total Preferred & Common Equity	3,491	3,656	3,614	3,712	3,361	3,062	2,886	2,767	2,482	2,368	2,327
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,491	3,656	3,614	3,712	3,361	3,062	2,886	2,767	2,482	2,368	2,327
Common Stock	2,131	2,092	2,044	2,038	1,995	1,957	1,918	1,881	1,850	1,830	1,808
Retained Earnings	1,369	1,574	1,578	1,683	6,416	6,057	5,775	5,462	5,120	4,828	4,605
Accumulated Other Comprehensive Income / (Loss)	-9.85	-10	-7.44	-8.51	-7.95	-6.66	-8.08	-6.95	-7.43	-7.89	-8.90

This table displays calculated financial ratios and metrics derived from Chipotle Mexican Grill's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.61%	14.33%	14.41%	26.11%	7.13%	14.83%	8.68%	14.65%	-13.26%	9.57%
EBITDA Growth	20.90%	32.11%	37.56%	100.52%	-20.68%	42.65%	8.36%	134.54%	-79.44%	9.15%
EBIT Growth	24.05%	37.15%	45.37%	176.66%	-35.90%	70.72%	-0.87%	599.02%	-94.97%	7.78%
NOPAT Growth	23.81%	33.77%	36.54%	84.04%	3.59%	99.62%	-1.82%	745.67%	-95.66%	6.44%
Net Income Growth	24.85%	36.66%	37.69%	83.54%	1.60%	98.33%	0.17%	668.39%	-95.18%	6.79%
EPS Growth	24.72%	36.66%	37.69%	82.91%	1.13%	96.20%	2.27%	701.30%	-94.90%	6.86%
Operating Cash Flow Growth	18.03%	34.79%	3.21%	93.13%	-8.01%	16.10%	32.75%	31.83%	-53.13%	11.10%
Free Cash Flow Firm Growth	22.68%	41.50%	12.43%	255.43%	-37.84%	15.57%	47.13%	6,781.61%	-99.34%	17.17%
Invested Capital Growth	13.50%	11.24%	14.16%	-2.01%	20.44%	4.93%	-10.63%	-0.49%	2.13%	11.03%
Revenue Q/Q Growth	3.00%	3.52%	2.61%	4.91%	2.88%	4.01%	2.42%	1.72%	0.96%	-1.58%
EBITDA Q/Q Growth	2.41%	4.89%	10.84%	5.55%	5.38%	-6.00%	0.30%	8.19%	-25.98%	-7.56%
EBIT Q/Q Growth	2.90%	5.12%	12.99%	6.53%	8.23%	18.91%	-3.71%	12.22%	-64.01%	-9.20%
NOPAT Q/Q Growth	3.25%	4.37%	11.66%	-9.05%	51.19%	13.87%	-7.29%	18.59%	-71.28%	-10.26%
Net Income Q/Q Growth	3.35%	4.99%	11.16%	-8.09%	49.97%	13.04%	-6.25%	18.74%	-69.35%	-10.09%
EPS Q/Q Growth	1.83%	4.99%	11.16%	-9.27%	49.58%	12.96%	-6.24%	20.51%	-68.44%	-9.90%
Operating Cash Flow Q/Q Growth	14.17%	-7.09%	-2.71%	33.72%	-9.72%	8.66%	6.91%	3.27%	-5.39%	-3.19%
Free Cash Flow Firm Q/Q Growth	27.30%	-16.79%	-5.18%	90.33%	-37.65%	17.85%	1.49%	28.12%	-95.46%	4.27%
Invested Capital Q/Q Growth	0.77%	25.36%	-1.82%	-13.93%	30.76%	-0.60%	-0.06%	1.99%	3.43%	3.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.67%	26.20%	23.88%	22.62%	67.70%	66.92%	67.10%	16.89%	12.76%	26.09%
EBITDA Margin	20.73%	19.65%	17.01%	14.14%	8.89%	12.01%	9.67%	9.70%	4.74%	20.00%
Operating Margin	16.94%	15.78%	13.44%	10.67%	4.85%	7.95%	5.31%	6.05%	0.89%	16.96%
EBIT Margin	17.77%	16.42%	13.68%	10.77%	4.91%	8.20%	5.52%	6.05%	0.99%	17.10%
Profit (Net Income) Margin	13.56%	12.45%	10.41%	8.65%	5.94%	6.27%	3.63%	3.94%	0.59%	10.57%
Tax Burden Percent	76.32%	75.82%	76.10%	80.34%	121.10%	76.41%	65.77%	63.92%	59.21%	61.78%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	101.83%	100.00%	100.00%
Effective Tax Rate	23.68%	24.18%	23.90%	19.66%	-21.10%	23.59%	34.23%	36.08%	40.79%	38.22%
Return on Invested Capital (ROIC)	113.95%	103.47%	87.10%	67.61%	39.74%	43.30%	20.98%	20.18%	2.41%	58.96%
ROIC Less NNEP Spread (ROIC-NNEP)	110.50%	100.45%	85.88%	67.09%	39.29%	41.89%	19.86%	19.58%	2.14%	58.66%
Return on Net Nonoperating Assets (RNNOA)	-68.27%	-58.22%	-48.56%	-37.36%	-20.53%	-20.89%	-8.39%	-7.44%	-1.11%	-35.99%
Return on Equity (ROE)	45.67%	45.26%	38.54%	30.25%	19.21%	22.41%	12.58%	12.74%	1.30%	22.97%
Cash Return on Invested Capital (CROIC)	101.30%	92.84%	73.88%	69.65%	21.20%	38.49%	32.21%	20.68%	0.30%	48.51%
Operating Return on Assets (OROA)	23.31%	21.65%	17.40%	12.86%	5.30%	12.44%	12.45%	13.30%	1.63%	29.32%
Return on Assets (ROA)	17.79%	16.41%	13.24%	10.34%	6.42%	9.50%	8.19%	8.66%	0.97%	18.11%
Return on Common Equity (ROCE)	45.67%	45.26%	38.54%	30.25%	19.21%	22.41%	12.58%	12.74%	1.30%	22.97%
Return on Equity Simple (ROE_SIMPLE)	41.97%	40.13%	37.97%	28.42%	17.61%	20.81%	12.25%	12.92%	1.64%	22.35%
Net Operating Profit after Tax (NOPAT)	1,462	1,181	883	647	351	339	170	173	20	472
NOPAT Margin	12.93%	11.97%	10.23%	8.57%	5.87%	6.07%	3.49%	3.87%	0.52%	10.48%
Net Nonoperating Expense Percent (NNEP)	3.45%	3.02%	1.22%	0.52%	0.45%	1.41%	1.12%	0.60%	0.27%	0.31%
Return On Investment Capital (ROIC_SIMPLE)	40.01%	38.57%	37.29%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	73.33%	73.80%	76.12%	77.38%	32.30%	33.08%	32.90%	83.11%	87.24%	73.91%
SG&A Expenses to Revenue	6.16%	6.42%	6.53%	8.04%	25.00%	21.70%	21.70%	6.62%	7.08%	5.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.73%	10.42%	10.44%	11.95%	62.86%	58.97%	61.79%	10.84%	11.88%	9.12%
Earnings before Interest and Taxes (EBIT)	2,010	1,621	1,182	813	294	458	268	271	39	770
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,345	1,940	1,468	1,067	532	671	470	434	185	900
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	22.48	20.50	16.24	21.41	19.21	13.82	8.32	5.98	7.79	7.03
Price to Tangible Book Value (P/TBV)	22.61	20.64	16.39	21.62	19.42	14.01	8.45	6.08	7.91	7.11
Price to Revenue (P/Rev)	7.26	6.36	4.45	6.52	6.48	4.17	2.47	1.82	2.80	3.32
Price to Earnings (P/E)	53.69	51.03	42.90	75.46	109.06	66.45	33.30	46.30	476.20	31.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.86%	1.96%	2.33%	1.33%	0.92%	1.50%	3.00%	2.16%	0.21%	3.18%
Enterprise Value to Invested Capital (EV/IC)	58.53	50.66	34.40	50.53	39.07	27.91	14.81	8.94	12.07	16.25
Enterprise Value to Revenue (EV/Rev)	7.06	6.17	4.31	6.34	6.31	4.01	2.33	1.71	2.66	3.04
Enterprise Value to EBITDA (EV/EBITDA)	34.06	31.40	25.32	44.82	70.91	33.36	24.07	17.62	56.08	15.20
Enterprise Value to EBIT (EV/EBIT)	39.73	37.58	31.46	58.86	128.49	48.85	42.18	28.25	267.96	17.77
Enterprise Value to NOPAT (EV/NOPAT)	54.62	51.56	42.10	73.97	107.42	66.00	66.62	44.20	507.16	29.00
Enterprise Value to Operating Cash Flow (EV/OCF)	37.94	34.15	28.10	37.31	56.86	31.02	18.21	16.34	29.23	18.05
Enterprise Value to Free Cash Flow (EV/FCFF)	61.44	57.47	49.64	71.81	201.40	74.25	43.40	43.15	4,028.55	35.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.62	-0.58	-0.57	-0.56	-0.52	-0.50	-0.42	-0.38	-0.52	-0.61
Leverage Ratio	2.57	2.76	2.91	2.93	2.99	2.36	1.54	1.47	1.35	1.27
Compound Leverage Factor	2.57	2.76	2.91	2.93	2.99	2.36	1.54	1.50	1.35	1.27
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	11.15	10.59	7.89	9.23	7.92	6.37	13.06	11.63	14.18	18.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.57	1.28	1.58	1.73	1.61	1.81	1.94	1.85	2.91
Quick Ratio	1.34	1.37	1.09	1.35	1.28	1.44	1.64	1.70	1.63	2.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,300	1,060	749	666	187	302	261	177	2.58	388
Operating Cash Flow to CapEx	367.06%	318.06%	276.14%	292.42%	177.81%	225.55%	216.27%	215.99%	137.21%	294.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.32	1.27	1.19	1.08	1.52	2.26	2.20	1.64	1.71
Accounts Receivable Turnover	87.20	88.77	83.64	73.95	64.68	78.21	94.68	110.66	99.18	123.12
Inventory Turnover	188.01	194.34	191.92	197.06	73.57	77.56	77.30	213.32	226.61	219.06
Fixed Asset Turnover	4.96	4.79	4.64	4.50	3.93	3.94	3.58	3.39	3.10	3.87
Accounts Payable Turnover	40.63	38.12	37.80	40.96	16.26	16.15	16.41	46.39	41.52	42.84
Days Sales Outstanding (DSO)	4.19	4.11	4.36	4.94	5.64	4.67	3.86	3.30	3.68	2.96
Days Inventory Outstanding (DIO)	1.94	1.88	1.90	1.85	4.96	4.71	4.72	1.71	1.61	1.67
Days Payable Outstanding (DPO)	8.98	9.57	9.66	8.91	22.45	22.60	22.24	7.87	8.79	8.52
Cash Conversion Cycle (CCC)	-2.86	-3.58	-3.39	-2.12	-11.85	-13.23	-13.67	-2.86	-3.50	-3.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,365	1,202	1,081	947	966	802	765	855	860	842
Invested Capital Turnover	8.82	8.65	8.52	7.89	6.77	7.13	6.01	5.22	4.59	5.63
Increase / (Decrease) in Invested Capital	162	121	134	-19	164	38	-91	-4.23	18	84
Enterprise Value (EV)	79,873	60,905	37,176	47,837	37,747	22,387	11,321	7,651	10,380	13,679
Market Capitalization	82,164	62,765	38,463	49,188	38,801	23,268	11,998	8,160	10,923	14,965
Book Value per Share	$2.68	$111.58	$85.42	$81.65	$72.20	$60.55	$51.87	$48.33	$48.45	$68.23
Tangible Book Value per Share	$2.67	$110.78	$84.63	$80.87	$71.41	$59.76	$51.08	$47.55	$47.69	$67.53
Total Capital	3,656	3,062	2,368	2,297	2,020	1,683	1,441	1,364	1,402	2,128
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-2,291	-1,860	-1,287	-1,351	-1,054	-881	-677	-509	-543	-1,286
Capital Expenditures (CapEx)	573	561	479	438	373	320	287	217	259	257
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-811	-705	-645	-568	-354	-475	-312	-203	-177	-128
Debt-free Net Working Capital (DFNWC)	612	590	254	508	598	406	365	306	241	535
Net Working Capital (NWC)	612	590	254	508	598	406	365	306	241	535
Net Nonoperating Expense (NNE)	-72	-48	-16	-6.28	-4.38	-11	-6.62	-3.16	-2.47	-3.88
Net Nonoperating Obligations (NNO)	-2,291	-1,860	-1,287	-1,351	-1,054	-881	-677	-509	-543	-1,286
Total Depreciation and Amortization (D&A)	335	319	287	255	239	213	202	163	146	130
Debt-free, Cash-free Net Working Capital to Revenue	-7.17%	-7.15%	-7.47%	-7.53%	-5.91%	-8.51%	-6.41%	-4.54%	-4.54%	-2.85%
Debt-free Net Working Capital to Revenue	5.41%	5.98%	2.94%	6.73%	9.99%	7.26%	7.50%	6.83%	6.16%	11.88%
Net Working Capital to Revenue	5.41%	5.98%	2.94%	6.73%	9.99%	7.26%	7.50%	6.83%	6.16%	11.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.12	$0.89	$0.65	$0.46	$0.25	$0.25	$0.13	$0.12	$0.02	$0.31
Adjusted Weighted Average Basic Shares Outstanding	1.37B	1.38B	1.39B	1.41B	1.40B	1.39B	1.39B	1.42B	1.46B	1.55B
Adjusted Diluted Earnings per Share	$1.11	$0.89	$0.64	$0.46	$0.25	$0.25	$0.13	$0.12	$0.02	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	1.38B	1.39B	1.40B	1.43B	1.42B	1.41B	1.40B	1.43B	1.49B	1.57B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.36B	1.37B	1.38B	1.40B	1.41B	1.39B	1.38B	1.40B	1.44B	1.50B
Normalized Net Operating Profit after Tax (NOPAT)	1,515	1,238	922	679	235	365	219	190	45	490
Normalized NOPAT Margin	13.39%	12.54%	10.67%	9.00%	3.93%	6.54%	4.51%	4.23%	1.15%	10.89%
Pre Tax Income Margin	17.77%	16.42%	13.68%	10.77%	4.91%	8.20%	5.52%	6.16%	0.99%	17.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	65.29%	48.21%	92.33%	71.44%	15.29%	54.44%	91.16%	161.82%	3,647.92%	96.86%

This table displays calculated financial ratios and metrics derived from Chipotle Mexican Grill's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.42%	13.07%	13.01%	18.22%	14.07%	15.40%	11.34%	13.62%	17.23%	11.22%	13.72%
EBITDA Growth	8.24%	11.78%	19.32%	31.20%	20.03%	23.97%	19.57%	26.11%	73.17%	61.41%	35.88%
EBIT Growth	8.87%	14.84%	21.59%	35.62%	22.33%	26.03%	21.58%	28.75%	98.18%	81.06%	41.92%
NOPAT Growth	7.34%	17.15%	21.89%	33.42%	20.89%	22.70%	17.67%	30.63%	79.66%	73.30%	24.34%
Net Income Growth	7.60%	17.61%	23.68%	33.32%	23.19%	26.08%	21.81%	31.49%	84.24%	67.62%	25.78%
EPS Growth	7.69%	14.29%	21.74%	32.00%	23.90%	26.08%	21.81%	31.49%	87.84%	67.62%	28.13%
Operating Cash Flow Growth	-2.14%	98.44%	-7.07%	-3.42%	25.10%	-33.90%	36.53%	103.12%	60.85%	-8.40%	25.33%
Free Cash Flow Firm Growth	-31.06%	3.46%	-106.88%	-55.46%	29.37%	73.74%	74.07%	51.51%	25.47%	-41.99%	261.92%
Invested Capital Growth	18.07%	13.50%	41.20%	27.47%	10.81%	11.24%	-12.88%	-5.09%	11.27%	14.16%	0.09%
Revenue Q/Q Growth	1.05%	1.85%	-6.04%	10.04%	7.37%	1.80%	-1.70%	6.17%	8.62%	-1.78%	0.31%
EBITDA Q/Q Growth	12.57%	-10.89%	-15.12%	27.13%	16.26%	-4.89%	-6.67%	16.31%	20.07%	-8.26%	-1.56%
EBIT Q/Q Growth	14.21%	-12.63%	-17.33%	31.97%	20.48%	-7.50%	-7.79%	19.04%	24.12%	-10.76%	-2.36%
NOPAT Q/Q Growth	17.62%	-13.89%	-16.96%	27.63%	28.36%	-10.41%	-9.10%	15.64%	30.29%	-14.08%	0.91%
Net Income Q/Q Growth	16.53%	-14.36%	-14.99%	26.83%	27.37%	-9.94%	-8.36%	17.19%	30.36%	-12.99%	-1.08%
EPS Q/Q Growth	16.67%	-14.29%	-15.15%	-97.46%	26.43%	-9.94%	-8.36%	17.19%	29.95%	-12.99%	-0.54%
Operating Cash Flow Q/Q Growth	5.75%	17.98%	-20.63%	-1.17%	114.43%	-44.75%	-17.52%	28.01%	13.31%	14.11%	22.71%
Free Cash Flow Firm Q/Q Growth	4.76%	600.42%	-117.84%	-26.27%	57.20%	-66.74%	15.52%	114.18%	111.13%	-66.68%	0.55%
Invested Capital Q/Q Growth	0.77%	0.77%	8.39%	7.27%	-3.13%	25.36%	-2.15%	-6.75%	-2.75%	-1.82%	6.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.21%	24.75%	25.49%	28.91%	27.46%	25.37%	26.29%	27.47%	25.63%	-20.73%	25.34%
EBITDA Margin	20.48%	18.38%	21.01%	23.26%	20.13%	18.59%	19.90%	20.96%	19.13%	17.31%	18.53%
Operating Margin	16.67%	14.61%	16.94%	19.71%	16.33%	14.44%	15.98%	17.17%	15.52%	13.59%	15.15%
EBIT Margin	17.44%	15.43%	17.99%	20.45%	17.05%	15.19%	16.72%	17.82%	15.90%	13.91%	15.31%
Profit (Net Income) Margin	13.45%	11.66%	13.87%	15.33%	13.30%	11.21%	12.67%	13.59%	12.31%	10.26%	11.58%
Tax Burden Percent	77.09%	75.56%	77.08%	74.96%	77.99%	73.78%	75.78%	76.25%	77.45%	73.74%	75.64%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.91%	24.44%	22.92%	25.04%	22.01%	26.22%	24.22%	23.75%	22.55%	26.26%	24.36%
Return on Invested Capital (ROIC)	116.23%	97.32%	124.02%	141.34%	117.34%	92.15%	112.09%	120.78%	108.21%	85.35%	87.60%
ROIC Less NNEP Spread (ROIC-NNEP)	115.44%	96.47%	122.94%	140.56%	116.51%	91.26%	111.21%	119.92%	107.68%	84.96%	87.37%
Return on Net Nonoperating Assets (RNNOA)	-72.65%	-59.61%	-79.19%	-92.19%	-72.33%	-52.89%	-67.27%	-70.87%	-61.12%	-48.04%	-45.91%
Return on Equity (ROE)	43.58%	37.71%	44.83%	49.14%	45.01%	39.26%	44.82%	49.91%	47.09%	37.32%	41.69%
Cash Return on Invested Capital (CROIC)	100.58%	101.30%	88.30%	97.03%	101.75%	92.84%	123.65%	113.22%	90.51%	73.88%	71.78%
Operating Return on Assets (OROA)	22.96%	20.24%	23.35%	26.47%	22.50%	20.04%	21.65%	23.48%	21.12%	17.69%	19.17%
Return on Assets (ROA)	17.70%	15.30%	18.00%	19.84%	17.55%	14.78%	16.41%	17.90%	16.36%	13.05%	14.50%
Return on Common Equity (ROCE)	43.58%	37.71%	44.83%	49.14%	45.01%	39.26%	44.82%	49.91%	47.09%	37.32%	41.69%
Return on Equity Simple (ROE_SIMPLE)	44.73%	0.00%	41.08%	37.99%	38.57%	0.00%	40.55%	40.27%	41.60%	0.00%	34.75%
Net Operating Profit after Tax (NOPAT)	369	314	365	439	344	268	299	329	285	219	254
NOPAT Margin	12.85%	11.04%	13.06%	14.78%	12.74%	10.66%	12.11%	13.09%	12.02%	10.02%	11.46%
Net Nonoperating Expense Percent (NNEP)	0.80%	0.85%	1.08%	0.77%	0.83%	0.89%	0.88%	0.86%	0.53%	0.39%	0.23%
Return On Investment Capital (ROIC_SIMPLE)	10.58%	8.59%	-	-	-	8.76%	-	-	-	9.23%	-
Cost of Revenue to Revenue	73.79%	75.25%	74.51%	71.09%	72.54%	74.63%	73.71%	72.53%	74.37%	120.73%	74.66%
SG&A Expenses to Revenue	6.01%	6.72%	4.53%	5.89%	7.57%	6.73%	6.45%	6.22%	6.26%	-8.97%	6.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.54%	10.14%	8.55%	9.19%	11.12%	10.92%	10.31%	10.30%	10.11%	-34.32%	10.19%
Earnings before Interest and Taxes (EBIT)	502	439	503	608	461	382	413	448	377	303	340
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	589	523	587	691	544	468	492	527	453	377	411
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.49	22.48	21.83	23.18	23.73	20.50	17.51	21.33	19.01	16.24	17.93
Price to Tangible Book Value (P/TBV)	19.62	22.61	21.97	23.32	23.89	20.64	17.64	21.50	19.18	16.39	18.10
Price to Revenue (P/Rev)	5.92	7.26	7.18	8.07	7.82	6.36	5.30	6.36	5.25	4.45	4.96
Price to Earnings (P/E)	43.64	53.69	53.13	61.08	61.56	51.03	43.14	52.97	45.80	42.90	51.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.29%	1.86%	1.88%	1.64%	1.62%	1.96%	2.32%	1.89%	2.18%	2.33%	1.93%
Enterprise Value to Invested Capital (EV/IC)	47.95	58.53	56.60	66.90	66.61	50.66	50.68	58.39	43.53	34.40	36.79
Enterprise Value to Revenue (EV/Rev)	5.74	7.06	6.98	7.84	7.60	6.17	5.10	6.16	5.09	4.31	4.81
Enterprise Value to EBITDA (EV/EBITDA)	27.59	34.06	33.47	38.07	38.20	31.40	26.28	32.35	27.57	25.32	30.57
Enterprise Value to EBIT (EV/EBIT)	32.15	39.73	39.24	44.83	45.51	37.58	31.53	38.98	33.45	31.46	38.73
Enterprise Value to NOPAT (EV/NOPAT)	44.32	54.62	54.11	61.87	62.52	51.56	42.95	52.65	45.32	42.10	51.21
Enterprise Value to Operating Cash Flow (EV/OCF)	31.50	37.94	41.57	44.51	40.88	34.15	25.32	31.95	30.60	28.10	29.78
Enterprise Value to Free Cash Flow (EV/FCFF)	51.62	61.44	75.05	77.27	68.82	57.47	38.17	50.23	50.66	49.64	51.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.63	-0.62	-0.64	-0.66	-0.62	-0.58	-0.60	-0.59	-0.57	-0.57	-0.53
Leverage Ratio	2.55	2.57	2.60	2.54	2.65	2.76	2.83	2.86	2.93	2.91	2.90
Compound Leverage Factor	2.55	2.57	2.60	2.54	2.65	2.76	2.83	2.86	2.93	2.91	2.90
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.09	10.59	10.50	11.70	12.03	10.08	8.52	9.93	8.72	7.47	7.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.52	1.62	1.71	1.65	1.57	1.53	1.58	1.41	1.28	1.32
Quick Ratio	1.39	1.34	1.41	1.52	1.51	1.37	1.40	1.44	1.26	1.09	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	159	152	-30	170	231	147	441	382	178	84	253
Operating Cash Flow to CapEx	384.69%	304.69%	302.66%	400.44%	428.95%	154.40%	366.21%	424.47%	378.03%	279.56%	253.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.31	1.30	1.29	1.32	1.32	1.29	1.32	1.33	1.27	1.25
Accounts Receivable Turnover	120.02	87.20	133.70	134.53	131.08	88.77	133.93	128.39	115.78	83.64	114.19
Inventory Turnover	213.22	188.01	178.46	217.26	206.33	194.34	217.51	240.63	239.16	191.92	260.16
Fixed Asset Turnover	4.95	4.96	4.98	4.97	4.88	4.79	4.81	4.84	4.78	4.64	4.69
Accounts Payable Turnover	40.83	40.63	37.46	42.54	39.44	38.12	42.84	49.13	43.85	37.80	47.66
Days Sales Outstanding (DSO)	3.04	4.19	2.73	2.71	2.78	4.11	2.73	2.84	3.15	4.36	3.20
Days Inventory Outstanding (DIO)	1.71	1.94	2.05	1.68	1.77	1.88	1.68	1.52	1.53	1.90	1.40
Days Payable Outstanding (DPO)	8.94	8.98	9.74	8.58	9.25	9.57	8.52	7.43	8.32	9.66	7.66
Cash Conversion Cycle (CCC)	-4.19	-2.86	-4.97	-4.19	-4.70	-3.58	-4.12	-3.07	-3.65	-3.39	-3.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,375	1,365	1,354	1,249	1,165	1,202	959	980	1,051	1,081	1,101
Invested Capital Turnover	9.05	8.82	9.50	9.57	9.21	8.65	9.26	9.23	9.00	8.52	7.65
Increase / (Decrease) in Invested Capital	210	162	395	269	114	121	-142	-53	106	134	0.94
Enterprise Value (EV)	65,936	79,873	76,649	83,578	77,579	60,905	48,609	57,228	45,756	37,176	40,497
Market Capitalization	68,051	82,164	78,909	86,040	79,775	62,765	50,536	59,015	47,186	38,463	41,724
Book Value per Share	$2.58	$2.68	$2.64	$135.14	$122.48	$111.58	$104.62	$100.29	$89.85	$85.42	$83.83
Tangible Book Value per Share	$2.56	$2.67	$2.62	$134.34	$121.68	$110.78	$103.83	$99.49	$89.05	$84.63	$83.04
Total Capital	3,491	3,656	3,614	3,712	3,361	3,062	2,886	2,767	2,482	2,368	2,327
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-2,116	-2,291	-2,260	-2,462	-2,197	-1,860	-1,927	-1,787	-1,431	-1,287	-1,227
Capital Expenditures (CapEx)	145	173	148	140	133	172	131	137	120	144	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-845	-811	-725	-747	-771	-705	-872	-782	-695	-645	-524
Debt-free Net Working Capital (DFNWC)	570	612	642	743	648	590	582	574	367	254	260
Net Working Capital (NWC)	570	612	642	743	648	590	582	574	367	254	260
Net Nonoperating Expense (NNE)	-17	-18	-23	-16	-15	-14	-14	-13	-6.93	-5.20	-2.81
Net Nonoperating Obligations (NNO)	-2,116	-2,291	-2,260	-2,462	-2,197	-1,860	-1,927	-1,787	-1,431	-1,287	-1,227
Total Depreciation and Amortization (D&A)	87	84	84	84	83	85	79	79	77	74	71
Debt-free, Cash-free Net Working Capital to Revenue	-7.35%	-7.17%	-6.60%	-7.00%	-7.56%	-7.15%	-9.15%	-8.42%	-7.74%	-7.47%	-6.23%
Debt-free Net Working Capital to Revenue	4.96%	5.41%	5.85%	6.97%	6.35%	5.98%	6.10%	6.18%	4.09%	2.94%	3.08%
Net Working Capital to Revenue	4.96%	5.41%	5.85%	6.97%	6.35%	5.98%	6.10%	6.18%	4.09%	2.94%	3.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	$0.24	$0.28	$0.33	$0.26	$0.00	$0.23	$0.25	$0.21	$0.00	$0.19
Adjusted Weighted Average Basic Shares Outstanding	1.35B	1.37B	1.37B	1.37B	1.37B	68.89B	1.38B	1.38B	1.38B	69.63B	1.39B
Adjusted Diluted Earnings per Share	$0.28	$0.24	$0.28	$0.33	$0.26	$0.00	$0.23	$0.25	$0.21	$0.00	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	1.36B	1.38B	1.37B	1.38B	1.38B	69.28B	1.38B	1.39B	1.39B	70.15B	1.40B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.24	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.35B	1.36B	1.36B	1.37B	1.37B	1.37B	1.37B	1.38B	1.38B	1.38B	1.39B
Normalized Net Operating Profit after Tax (NOPAT)	381	324	386	450	354	283	312	347	296	231	265
Normalized NOPAT Margin	13.23%	11.40%	13.83%	15.15%	13.11%	11.25%	12.62%	13.81%	12.50%	10.60%	11.93%
Pre Tax Income Margin	17.44%	15.43%	17.99%	20.45%	17.05%	15.19%	16.72%	17.82%	15.90%	13.91%	15.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	97.88%	65.29%	55.08%	38.50%	38.00%	48.21%	54.48%	47.56%	67.17%	92.33%	98.35%

Frequently Asked Questions About Chipotle Mexican Grill's Financials

When does Chipotle Mexican Grill's financial year end?

According to the most recent income statement we have on file, Chipotle Mexican Grill's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Chipotle Mexican Grill's net income changed over the last 9 years?

Chipotle Mexican Grill's net income appears to be on an upward trend, with a most recent value of $1.53 billion in 2024, rising from $475.60 million in 2015. The previous period was $1.23 billion in 2023. Check out Chipotle Mexican Grill's forecast to explore projected trends and price targets.

What is Chipotle Mexican Grill's operating income?

Chipotle Mexican Grill's total operating income in 2024 was $1.92 billion, based on the following breakdown:

Total Gross Profit: $3.02 billion
Total Operating Expenses: $1.10 billion

How has Chipotle Mexican Grill revenue changed over the last 9 years?

Over the last 9 years, Chipotle Mexican Grill's total revenue changed from $4.50 billion in 2015 to $11.31 billion in 2024, a change of 151.4%.

How much debt does Chipotle Mexican Grill have?

Chipotle Mexican Grill's total liabilities were at $5.55 billion at the end of 2024, a 11.4% increase from 2023, and a 829.3% increase since 2015.

How much cash does Chipotle Mexican Grill have?

In the past 9 years, Chipotle Mexican Grill's cash and equivalents has ranged from $87.88 million in 2016 to $815.37 million in 2021, and is currently $748.54 million as of their latest financial filing in 2024.

How has Chipotle Mexican Grill's book value per share changed over the last 9 years?

Over the last 9 years, Chipotle Mexican Grill's book value per share changed from 68.23 in 2015 to 2.68 in 2024, a change of -96.1%.

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This page (NYSE:CMG) was last updated on 5/20/2025 by MarketBeat.com Staff

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Chipotle Mexican Grill (CMG) Financials

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Chipotle Mexican Grill (CMG) Financials

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