Chipotle Mexican Grill

Consumer Discretionary Restaurants Newport Beach, California Last filing Feb 4, 2026 · FY2025

                    Revenue
                    FY2019
                
$5.6B
                    
                    +14.8%
                    
                    Net income
                    FY2019
                
$350.2M
                    
                    +98.3%
                    
                    Total assets
                    FY2025
                
$9.0B
                    
                    -2.3%
                    
                    Operating cash flow
                    FY2025
                
$2.1B
                    
                    +0.4%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $9.0B

Total liabilities $6.2B

Shareholders equity $2.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+16.6%	+30.7%	+30.3%	+27.9%	+56.1%	+62.2%	+76.2%	+68.6%	+110.0%	—
Short Term Investments	+8.7%	+9.4%	+12.1%	+7.7%	-4.6%	+1.0%	+6.7%	+13.8%	-1.7%	—
Accounts Receivable	+16.2%	+17.2%	+16.2%	+17.6%	+19.7%	+26.8%	+25.8%	+24.1%	+0.0%	—
Inventory	+14.2%	+15.9%	+14.7%	+15.5%	+16.9%	+15.2%	+20.2%	+19.8%	+32.2%	—
Prepaid Expenses	+11.8%	+10.4%	+15.0%	+11.9%	+12.3%	+5.6%	+9.0%	+10.8%	+15.5%	—
Other Current Assets	+37.8%	+38.0%	+39.7%	+45.1%	+79.1%	+172.8%	+75.7%	—	+83.1%	—
Total Current Assets	+12.2%	+16.6%	+17.6%	+14.5%	+21.5%	+28.4%	+27.1%	+24.9%	+20.5%	—
Property,Plant and Equipment	+8.3%	+7.9%	+7.6%	+7.0%	+6.3%	+5.0%	+3.8%	+2.9%	+2.7%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Long Term Investments	+5.2%	+27.4%	+24.0%	+20.8%	+17.0%	-4.9%	—	—	—	—
Other Noncurrent Assets	+13.5%	+13.2%	+7.6%	+8.8%	+10.5%	+13.1%	-4.5%	-3.5%	+5.0%	—
Total Assets	+18.0%	+20.8%	+21.8%	+22.7%	+26.8%	+31.1%	+36.1%	+5.7%	+1.0%	—
Liabilities
Accounts Payable	+11.7%	+13.2%	+14.1%	+15.3%	+15.8%	+11.7%	+13.9%	+20.1%	+4.7%	—
Accrued Liabilities	+8.7%	+10.2%	+9.1%	+7.7%	+10.5%	+15.9%	+11.6%	+14.4%	-12.4%	—
Deferred Revenue	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+17.3%	+19.5%	+20.4%	+21.8%	+25.4%	+30.7%	+33.2%	+26.4%	+14.9%	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	+23.4%	+11.8%	+24.8%	+31.6%	+49.6%	+67.6%	+25.9%	-21.9%	-95.7%	—
Other Noncurrent Liabilities	-14.8%	-17.2%	-21.6%	-28.3%	-34.6%	-41.1%	-50.7%	+6.0%	+10.4%	—
Total Liabilities	+29.0%	+31.4%	+34.6%	+39.3%	+47.5%	+58.8%	+76.4%	+15.0%	+9.2%	—
Equity
Common Stock	+49.1%	+57.5%	+76.0%	+0.7%	+0.7%	+0.6%	+0.5%	+0.3%	+0.3%	—
Additional Paid In Capital	+6.6%	+6.7%	+6.6%	+6.7%	+6.9%	+5.8%	+5.8%	+5.3%	+5.3%	—
Retained Earnings	-13.2%	-4.2%	+15.4%	+13.8%	+12.1%	+10.2%	+9.6%	+7.7%	+7.9%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+8.1%	+12.7%	+11.8%	+9.1%	+10.4%	+9.6%	+6.3%	+1.4%	-2.7%	—
Total Liabilitiesand Equity	+18.0%	+20.8%	+21.8%	+22.7%	+26.8%	+31.1%	+36.1%	+5.7%	+1.0%	—

Income Statement

Revenue, expense, and profitability

4 accounts · 10 years

Revenue $5.6B

Operating income $444.0M

Net income $350.2M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
net Income Comprehensive Income	+59.5%	+69.0%	+76.5%	+84.1%	+95.1%	+98.4%	+147.9%	+174.7%	+684.2%	—
Earnings Per Share Basic Eps	+4.4%	+4.6%	+1.9%	-3.0%	+97.1%	+101.0%	+152.9%	+185.3%	+693.6%	—
Earnings Per Share Diluted Eps	+4.5%	+4.7%	+2.1%	-3.0%	+97.1%	+100.8%	+152.4%	+186.3%	+701.3%	—
Earnings Per Share Weighted Average Shares Diluted	+52.7%	+61.5%	+73.1%	+90.1%	-0.9%	-1.2%	-1.7%	-3.1%	-4.1%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 10 years

Operating cash flow $2.1B

Investing cash flow $-35.1M

Financing cash flow $-2.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+59.5%	+69.1%	+76.6%	+84.3%	+95.4%	+98.5%	+148.1%	+177.4%	+668.4%	—
Operating Activities Depreciation and Amortization	+10.6%	+10.9%	+11.8%	+11.9%	+11.7%	+13.0%	+13.3%	+17.5%	+11.6%	—
Operating Activities Stock Based Compensation	+7.2%	+9.4%	+9.9%	+7.3%	+22.4%	+6.5%	+12.5%	+3.8%	+1.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-23.8%	+6.6%	+3.4%	+0.7%	+21.2%	—	-8.9%	+22.8%	-7.3%	—
Operating Activities Other Non Cash Items	-16.8%	-11.9%	-11.2%	-36.7%	-26.1%	-3.0%	-33.5%	+17.1%	-26.2%	—
Operating Activities net Cash From Operating Activities	+21.9%	+24.9%	+25.9%	+24.5%	+29.3%	+16.9%	+26.7%	+32.3%	+31.8%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+1.3%	+2.7%	+3.2%	-12.5%	-10.0%	-8.0%	-6.6%	-18.9%	-43.7%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	+12.9%	+5.4%	-6.7%	—	—	—	—	—	-98.1%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	+19.4%	—	—	+76.8%	+54.5%	—	+1769.1%	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	+7.9%	+5.3%	+6.0%	+0.9%
Net margin	—	—	—	—	—	—	+6.3%	+3.6%	+3.9%	+0.6%
FCF margin	—	—	—	—	—	—	+6.9%	+6.9%	+5.6%	+2.5%
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	+12.7%	—	—	—
Returns
ROE	—	—	—	—	—	—	+20.8%	+12.2%	+12.9%	+1.6%
ROA	—	—	—	—	—	—	+6.9%	+7.8%	+8.6%	+1.1%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.23x	1.52x	1.57x	1.28x	1.58x	1.73x	1.61x	1.81x	1.94x	1.85x
Quick ratio	0.43x	0.76x	0.66x	0.53x	1.05x	0.87x	0.84x	0.69x	0.69x	0.46x
Leverage
D/E	2.18x	1.52x	1.63x	1.93x	1.90x	1.96x	2.03x	0.57x	0.50x	0.44x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	—	—	—	—	—	—	1.09x	2.15x	2.19x	1.93x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

CMG $40 · 2025-09-17 · 409d old · FY2025

Market cap $53.3B

P/E —

P/S —

P/B 18.82x

EV —

EV/EBITDA —

FCF yield +2.7%

Dividend yield —

Notes

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