CMG
Chipotle Mexican Grill Inc
NYSE: CMG · CONSUMER CYCLICAL · RESTAURANTS
$32.99
+0.37% today
Updated 2026-04-29
Market cap
$42.97B
P/E ratio
28.94
P/S ratio
3.60x
EPS (TTM)
$1.14
Dividend yield
—
52W range
$30 – $58
Volume
15.3M
Chipotle Mexican Grill Inc (CMG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $822.93M | $1.09B | $1.33B | $1.52B | $1.84B | $2.27B | $2.73B | $3.21B | $4.11B | $4.50B | $3.90B | $4.48B | $4.86B | $5.59B | $5.98B | $7.55B | $8.63B | $9.87B | $11.31B | $11.93B |
| Revenue growth (YoY) | — | +31.9% | +22.7% | +14.0% | +20.9% | +23.6% | +20.3% | +17.7% | +27.8% | +9.6% | -13.3% | +14.7% | +8.7% | +14.8% | +7.1% | +26.1% | +14.4% | +14.3% | +14.6% | +5.4% |
| Cost of revenue | $650.68M | $843.21M | $1.05B | $1.14B | $1.35B | $1.68B | $1.99B | $2.36B | $2.99B | $3.33B | $3.41B | $3.72B | $3.95B | $4.44B | $4.94B | $5.84B | $6.57B | $7.29B | $8.30B | $8.90B |
| Gross profit | $172.25M | $242.57M | $286.93M | $378.52M | $489.40M | $589.23M | $740.34M | $854.77M | $1.12B | $1.17B | $498.21M | $756.22M | $910.99M | $1.14B | $1.04B | $1.71B | $2.06B | $2.59B | $3.02B | $3.03B |
| Gross margin | 20.9% | 22.3% | 21.5% | 24.9% | 26.7% | 26.0% | 27.1% | 26.6% | 27.2% | 26.1% | 12.8% | 16.9% | 18.7% | 20.5% | 17.4% | 22.6% | 23.9% | 26.2% | 26.7% | 25.4% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $65.28M | $75.04M | $100.78M | $107.55M | $118.59M | $149.43M | $183.41M | $203.73M | $273.90M | $250.21M | $276.24M | $296.39M | $375.46M | $451.55M | $466.29M | $606.85M | $564.19M | $633.58M | $697.48M | $652.02M |
| Operating income | $61.95M | $108.18M | $124.04M | $203.71M | $287.83M | $350.56M | $455.87M | $532.72M | $710.80M | $763.59M | $34.57M | $270.79M | $258.37M | $443.96M | $290.16M | $804.94M | $1.16B | $1.56B | $1.92B | $2.01B |
| Operating margin | 7.5% | 10.0% | 9.3% | 13.4% | 15.7% | 15.4% | 16.7% | 16.6% | 17.3% | 17.0% | 0.9% | 6.0% | 5.3% | 7.9% | 4.8% | 10.7% | 13.4% | 15.8% | 16.9% | 16.9% |
| EBITDA | $96.20M | $157.89M | $180.28M | $265.94M | $370.81M | $439.80M | $556.93M | $651.04M | $843.86M | $924.07M | $221.97M | $459.83M | $535.53M | $690.94M | $574.79M | $1.10B | $1.50B | $1.95B | $2.32B | $2.37B |
| EBITDA margin | 11.7% | 14.5% | 13.5% | 17.5% | 20.2% | 19.4% | 20.4% | 20.3% | 20.5% | 20.5% | 5.7% | 10.3% | 11.0% | 12.4% | 9.6% | 14.6% | 17.3% | 19.8% | 20.5% | 19.9% |
| EBIT | $61.95M | $114.30M | $127.51M | $204.63M | $301.89M | $364.86M | $472.80M | $554.98M | $733.38M | $793.71M | $75.61M | $296.48M | $333.55M | $478.16M | $336.26M | $845.50M | $1.21B | $1.63B | $1.99B | $2.01B |
| Interest expense | $271000.00 | $296000.00 | $302000.00 | $405000.00 | $269000.00 | $2.94M | $1.82M | $1.75M | $3.50M | $6.28M | $4.17M | $1.52M | $0.00 | $31.86M | $57.54M | $30.76M | $21.13M | — | — | — |
| Income tax | $26.83M | $43.44M | $49.00M | $77.38M | $110.08M | $134.76M | $179.69M | $207.03M | $268.93M | $294.26M | $15.80M | $99.49M | $91.88M | $108.13M | $-61.98M | $159.78M | $282.43M | $391.77M | $476.12M | $473.76M |
| Effective tax rate | 39.3% | 38.1% | 38.5% | 37.9% | 38.1% | 38.5% | 39.3% | 38.7% | 37.6% | 38.2% | 40.8% | 36.1% | 34.2% | 23.6% | -21.1% | 19.7% | 23.9% | 24.2% | 23.7% | 23.6% |
| Net income | $41.42M | $70.56M | $78.20M | $126.84M | $178.98M | $214.94M | $278.00M | $327.44M | $445.37M | $475.60M | $22.94M | $176.25M | $176.55M | $350.16M | $355.77M | $652.98M | $899.10M | $1.23B | $1.53B | $1.54B |
| Net income growth (YoY) | — | +70.3% | +10.8% | +62.2% | +41.1% | +20.1% | +29.3% | +17.8% | +36.0% | +6.8% | -95.2% | +668.4% | +0.2% | +98.3% | +1.6% | +83.5% | +37.7% | +36.7% | +24.9% | +0.1% |
| Profit margin | 5.0% | 6.5% | 5.9% | 8.4% | 9.7% | 9.5% | 10.2% | 10.2% | 10.8% | 10.6% | 0.6% | 3.9% | 3.6% | 6.3% | 5.9% | 8.7% | 10.4% | 12.4% | 13.6% | 12.9% |