Chipotle Mexican Grill, Inc.
Financial Performance
Chipotle Mexican Grill Revenue & Financials
Revenue
$11.9B (FY2025)
Market Cap
$41.9B
Employees
130,301
What is Chipotle Mexican Grill's revenue?
Chipotle Mexican Grill had $11.9B in revenue for fiscal year 2025, up 5.4% from 2024.
- Latest revenue
- $11.9B (FY2025)
- Year-over-year
- +5.4%
- Growth rate (CAGR)
- 13.2% over 9 years
- Peak revenue
- $11.9B (FY2025)
- Years of data
- 10
- Employees
- 130,301
- What is Chipotle Mexican Grill's operating income?
- Chipotle Mexican Grill reported operating income of $1.9B for fiscal year 2025. sec.gov
- How many employees does Chipotle Mexican Grill have?
- Chipotle Mexican Grill has about 130,301 employees.
Financial Analysis
Chipotle's revenue rose from $5.98 billion in 2020 to $11.93 billion in 2025, roughly doubling in five years on new units and price increases. Growth slowed in 2025: revenue increased 5.4%, comparable sales declined 1.7%, operating margin slipped to 16.2% from 16.9%, and net income was essentially flat at $1.54 billion ($1.14 diluted EPS). The company returned $2.4 billion to shareholders through buybacks in 2025 and had $1.7 billion of authorization remaining at year-end. In Q2 2026 revenue grew 9.3% to $3.35 billion with net income of $403.5 million, but restaurant-level margin fell to 25.2% from 27.4% on beef and freight inflation and higher labor. Chipotle Mexican Grill operates as a dominant fast-casual dining empire, boasting a massive market valuation typically exceeding $70 billion.
Revenue Trend Analysis
YoY Change
+5.4%
9-Year CAGR
+13.2%
Peak Year
2025
Trend
Consistent Growth
Chipotle Mexican Grill, Inc. has 10 full fiscal year figures on this page, compounding at +13.2% annually over 9 years. The most recent year saw a 5.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $11.9B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $11.9B | $1.9Bfiling | — | +5.4% | data.sec.gov Revenue reached $11.925601 billion in FY2025. |
| FY2024 | $11.3B | $1.9Bfiling | — | +14.6% | data.sec.gov Revenue increased to $11.313853 billion. |
| FY2023 | $9.9B | $1.6Bfiling | — | +14.3% | data.sec.gov Revenue reached $9.871649 billion as Chipotle continued opening company-operated restaurants. |
| FY2022 | $8.6B | $1.2Bfiling | — | +14.4% | data.sec.gov Revenue rose to $8.634652 billion. |
| FY2021 | $7.5B | $804.9Mfiling | — | +26.1% | data.sec.gov Revenue recovered to $7.547061 billion as dining traffic and digital ordering scaled. |
| FY2020 | $6B | $290.2Mfiling | — | +7.1% | data.sec.gov Revenue was $5.984634 billion during the pandemic-disrupted restaurant year. |
| FY2019 | $5.6B | $444M | $350.2M | +14.8% | Chipotle Mexican Grill, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-11) Fiscal year ended 2019-12-31. |
| FY2018 | $4.9B | $258.4M | $176.6M | +8.7% | Chipotle Mexican Grill, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-02-10) Fiscal year ended 2018-12-31. |
| FY2017 | $4.5B | $270.8M | $176.3M | +14.7% | Chipotle Mexican Grill, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-02-05) Fiscal year ended 2017-12-31. |
| FY2016 | $3.9B | $34.6M | $22.9M | — | Chipotle Mexican Grill, Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-02-08) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Chipotle Mexican Grill, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.1B | $666.3M | $9B | $6.2B | $2.8B | $1.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2.1B | $593.6M | $9.2B | $5.5B | $3.7B | $1.5B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.8B | $560.7M | $8B | $5B | $3.1B | $1.2B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.3B | $479.2M | $6.9B | $4.6B | $2.4B | $844M | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.3B | $442.5M | $6.7B | $4.4B | $2.3B | $839.6M | Form 10-K |
| FY2020ended Dec 31, 2020 | $663.8M | $373.4M | $6B | $4B | $2B | $290.5M | Form 10-K |
| FY2019ended Dec 31, 2019 | $721.6M | $333.9M | $5.1B | $3.4B | $1.7B | $387.7M | Form 10-K |
| FY2018ended Dec 31, 2018 | $621.6M | $287.4M | $2.3B | $824.2M | $1.4B | $334.2M | Form 10-K |
| FY2017ended Dec 31, 2017 | $468.2M | $216.8M | $2B | $681.2M | $1.4B | $251.4M | Form 10-K |
| FY2016ended Dec 31, 2016 | $355.2M | $258.8M | $2B | $623.6M | $1.4B | $96.3M | Form 10-K |
Keep researching Chipotle Mexican Grill
Chipotle Mexican Grill Revenue and Financial FAQ
What was Chipotle Mexican Grill's total annual revenue in recent fiscal years?
Chipotle Mexican Grill, Inc. reported revenue of $11.9 billion for fiscal year 2025, up from $11.3 billion in fiscal 2024.
What is Chipotle's comparable restaurant sales (same-store sales) growth rate?
Chipotle consistently achieves comparable restaurant sales growth of 6% to 11% annually, driven by transaction count gains (traffic) and modest average check growth across in-restaurant and digital channels.
What is Chipotle's operating income and net profit margin?
Chipotle produces annual operating income between $1.6 billion and $2.0 billion, maintaining an overall corporate operating margin of approximately 16% to 18% and generating over $1.2 billion in annual net income.
How much annual free cash flow does Chipotle generate?
Chipotle produces between $1.2 billion and $1.6 billion in annual operating cash flow and over $800 million to $1.1 billion in free cash flow, self-funding all new restaurant construction capital expenditures.
What is Chipotle's market capitalization on the New York Stock Exchange?
Chipotle's market capitalization typically ranges between $75 billion and $90 billion, ranking it among the top three most valuable restaurant corporations in the world alongside McDonald's and Starbucks.
What is Chipotle's balance sheet cash and debt position?
Chipotle maintains a pristine debt-free balance sheet with zero long-term funded debt and over $1.2 billion in cash, cash equivalents, and short-term investments, providing leading financial resilience.
Does Chipotle pay a cash dividend or focus on share repurchases?
Chipotle does not pay a cash dividend, deploying excess free cash flow into aggressive common stock repurchases, having bought back hundreds of millions of dollars in CMG stock under board-authorized programs.
What was the financial impact of the 50-for-1 stock split in June 2024?
On June 26, 2024, Chipotle executed a 50-for-1 forward stock split, adjusting the pre-split share price of approximately $3,200 down to roughly $64 per share, significantly boosting liquidity and employee stock ownership participation.
Is Chipotle profitable?
Yes, incredibly profitable. After nearly collapsing during a massive E. coli outbreak in 2015, the company executed a flawless turnaround, driving massive profit margins primarily through high-priced digital orders and mobile app loyalty.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Chipotle Mexican Grill Revenue & Financials." CorpDigest, https://corpdigest.com/company/chipotle-mexican-grill/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Chipotle Mexican Grill reported $11.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/chipotle-mexican-grill/financials" target="_blank" rel="noopener">CorpDigest — Chipotle Mexican Grill financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Chipotle Mexican Grill
Core profile pages, founders and related research hubs for this company.