Chipotle Mexican Grill

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

                    Revenue
                    FY2025
                
$11.9B
                    3y CAGR +11.4%
                    
                    P78
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.5B
                    Net margin +12.9%
                    
                    P74
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$9.0B
                    ROA +17.1%
                    
                    P84
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$2.1B
                    FCF margin +12.1%
                    
                    P66
                    
                    n/a

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

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 1 year

Total assets $9.0B

Total liabilities $6.2B

Shareholders equity $2.8B

Account	2025	Trend
Assets
Cash and Cash Equivalents	3.2%
Short Term Investments	1.7%
Accounts Receivable	1.3%
Inventory	0.4%
Prepaid Expenses	1.0%
Other Current Assets	1.0%
Total Current Assets	12.3%
Property,Plant and Equipment	22.5%
Operating Lease Assets	37.4%
Goodwill	0.2%
Long Term Investments	1.7%
Other Noncurrent Assets	1.1%
Total Assets	75.4%
Liabilities
Accounts Payable	1.8%
Accrued Liabilities	1.5%
Deferred Revenue	2.0%
Operating Lease Liabilities	2.5%
Other Current Liabilities	0.6%
Total Current Liabilities	10.0%
Operating Lease Liabilities Noncurrent	40.0%
Deferred Tax Liabilities	1.1%
Other Noncurrent Liabilities	0.6%
Total Liabilities	51.7%
Equity
Preferred Stock	0.0%
Common Stock	0.1%
Additional Paid In Capital	18.5%
Retained Earnings	5.2%
Treasury Stock	0.0%
Accumulated Other Comprehensive Income	-0.1%
Total Stockholders Equity	23.7%
Total Liabilitiesand Equity	75.4%

Income Statement

Revenue, expense, and profitability

16 accounts · 1 year

Revenue $11.9B

Operating income $1.9B

Net income $1.5B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	83.8%
Expenses Selling,General and Administrative	5.5%
Expenses Depreciation and Amortization	3.0%
Expenses Share Based Compensation	1.0%
Expenses Operating Expenses	83.8%
Other Income Expense Operating Income	16.2%
Other Income Expense Other Income/expense	0.6%
Other Income Expense Income Before Tax	16.9%
Income Tax Income Tax Expense	4.0%
net Income net Income	12.9%
net Income Comprehensive Income	12.9%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	11.2%
Earnings Per Share Weighted Average Shares Diluted	11.3%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $2.1B

Investing cash flow $-35.1M

Financing cash flow $-2.5B

Account	2025	Trend
CashFlow
Operating Activities net Income	12.9%
Operating Activities Depreciation and Amortization	3.0%
Operating Activities Stock Based Compensation	1.0%
Operating Activities Deferred Income Taxes	0.7%
Operating Activities Changes In Operating Assets and Liabilities	-1.6%
Operating Activities Other Non Cash Items	-0.0%
Operating Activities net Cash From Operating Activities	17.7%
Investing Activities Capital Expenditures	5.6%
Investing Activities Purchases of Investments	0.2%
Investing Activities Proceeds From Sale of Investments	5.5%
Investing Activities net Cash From Investing Activities	-0.3%
Financing Activities Repurchase of Common Stock	20.3%
Financing Activities Tax Withholding On Stock Based Compensation	0.4%
Financing Activities Other Financing Activities	0.0%
Financing Activities net Cash From Financing Activities	-20.7%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.0%
Cash Reconciliation net Change In Cash	-3.3%
Cash Reconciliation Cash At Beginning of Period	3.2%
Cash Reconciliation Cash At End of Period	3.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+16.2%
Operating margin	+16.2%
Net margin	+12.9%
FCF margin	+12.1%
Growth
Revenue CAGR (3y)	+11.4%
Returns
ROE	+54.3%
ROA	+17.1%
ROIC	—
Liquidity
Current ratio	1.23x
Quick ratio	0.46x
Leverage
D/E	2.18x
Interest coverage	—
Efficiency
Asset turnover	1.33x
Cash conversion cycle	-1d

Valuation

Price against fundamentals

CMG $40 · 2025-09-17 · 363d old · FY2025

Market cap $53.3B

P/E 34.68x

P/S 4.47x

P/B 18.82x

EV —

EV/EBITDA —

FCF yield +2.7%

Dividend yield —

Notes

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