CMG
$29.89-2.26%
as of close, Oct 16, 2026
☾ AH $29.89 -2.26%
Chipotle Mexican Grill Inc.Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2%S&P 500 0.07%Russell 1000 0.06%US Stock Market 0.06%Russell 3000 0.06%MSCI ACWI 0.05%MSCI World 0.05%
CMG financial statements
The full income statement, balance sheet, and cash-flow statement for Chipotle Mexican Grill Inc. (CMG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.37B2024-09 1.36B2024-12 1.36B2025-03 1.35B2025-06 1.34B2025-09 1.32B2025-12 1.30B2026-03 1.28B2026-06 1.27B-7.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 11.9B+5.4% | 11.3B+14.6% | 9.87B+14.3% | 8.63B+14.4% | 7.55B+26.1% | |
| Selling, general & administrative | 652M-6.5% | 697M+10.1% | 634M+12.3% | 564M-7.0% | 607M+30.1% | |
| General & administrative | 652M-6.5% | 697M+10.1% | 634M+12.3% | 564M-7.0% | 607M+30.1% | |
| Provision for credit losses | -657K-405.6% | 215K-86.3% | 1.57M+306.6% | -760K-254.2% | 493K+200.6% | |
| Operating income | 1.94B+1.0% | 1.92B+23.0% | 1.56B+34.2% | 1.16B+44.2% | 805M+177.4% | |
| Other non-operating income | 73.7M-21.5% | 93.9M+49.8% | 62.7M+196.7% | 21.1M+170.2% | 7.82M+116.2% | |
| Pre-tax income | 2.01B-0.0% | 2.01B+24.0% | 1.62B+37.2% | 1.18B+45.4% | 813M+176.7% | |
| Income tax | 474M-0.5% | 476M+21.5% | 392M+38.7% | 282M+76.8% | 160M+357.8% | |
| Net income | 1.54B+0.1% | 1.53B+24.9% | 1.23B+36.7% | 899M+37.7% | 653M+83.5% | |
| $1.14+2.7% | $1.11+24.7% | $0.89+39.1% | $0.64+39.7% | $0.46+82.9% | ||
| EPS (basic) | $1.15+2.7% | $1.12+25.8% | $0.89+36.9% | $0.65+40.0% | $0.46+82.2% | |
| Weighted-avg shares (basic) | 1.34B-2.3% | 1.37B-0.7% | 1.38B-1.1% | 1.39B-1.0% | 1.41B+0.8% | |
| Weighted-avg shares (diluted) | 1.34B-2.5% | 1.38B-0.6% | 1.39B-1.3% | 1.40B-1.6% | 1.43B+0.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.47B-17.6% | 1.78B+9.9% | 1.62B+37.8% | 1.18B-14.9% | 1.38B-2.7% | ||
| Cash & equivalents | 351M-53.2% | 749M+33.5% | 561M+46.0% | 384M-52.9% | 815M+34.1% | |
| Short-term investments | 699M+3.6% | 674M-8.2% | 735M+42.6% | 515M+97.4% | 261M-24.1% | |
| Accounts receivable | 156M+8.7% | 144M+24.6% | 116M+8.1% | 107M+7.3% | 99.6M-4.7% | |
| Inventory | 49.5M+1.2% | 48.9M+24.5% | 39.3M+10.2% | 35.7M+8.7% | 32.8M+24.1% | |
| Prepaid expenses | 120M+23.5% | 97.5M-17.0% | 117M+35.9% | 86.4M+9.7% | 78.8M+43.4% | |
| Other current assets | 22.4M+29.3% | 17.3M-12.7% | 19.8M+14.8% | 17.2M | — | |
| 8.99B-2.3% | 9.20B+14.4% | 8.04B+16.1% | 6.93B+4.1% | 6.65B+11.2% | ||
| Property, plant & equipment | 2.68B+12.1% | 2.39B+10.1% | 2.17B+11.2% | 1.95B+10.3% | 1.77B+11.7% | |
| Operating lease right-of-use | 4.46B+11.6% | 4.00B+11.8% | 3.58B+8.4% | 3.30B+5.9% | 3.12B+12.7% | |
| Goodwill | 21.9M+0.0% | 21.9M+0.0% | 21.9M+0.0% | 21.9M+0.0% | 21.9M+0.0% | |
| Long-term investments | 197M-77.3% | 868M+53.8% | 564M+45.5% | 388M+41.5% | 274M+168.1% | |
| Other non-current assets | 131M+15.0% | 114M+80.3% | 63.1M-0.1% | 63.2M+11.4% | 56.7M-3.9% | |
| 1.19B+1.7% | 1.17B+13.4% | 1.03B+11.8% | 922M+5.5% | 874M+6.3% | ||
| Accounts payable | 213M+1.0% | 211M+6.6% | 198M+7.1% | 185M+13.1% | 163M+33.7% | |
| Accrued liabilities | 182M+1.5% | 180M+21.7% | 148M+0.1% | 148M-14.7% | 173M+5.1% | |
| Deferred revenue | 240M+0.8% | 239M+13.8% | 210M+14.5% | 183M+17.1% | 156M+22.4% | |
| Current lease liability | 302M+8.8% | 278M+12.0% | 248M+5.0% | 236M+8.0% | 219M+6.8% | |
| 6.16B+11.1% | 5.55B+11.4% | 4.98B+9.3% | 4.56B+4.7% | 4.36B+9.9% | ||
| Long-term debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-current lease liability | 4.77B+12.0% | 4.26B+12.1% | 3.80B+8.8% | 3.50B+5.9% | 3.30B+11.8% | |
| Operating lease liability (total) | 5.08B+11.8% | 4.54B+12.1% | 4.05B+8.6% | 3.73B+6.0% | 3.52B+11.5% | |
| Finance lease liability (total) | — | — | — | — | 1.51M-17.9% | |
| Deferred tax liabilities | 126M+172.0% | 46.2M-48.1% | 89.1M-9.6% | 98.6M-30.4% | 142M-5.1% | |
| Other non-current liabilities | 76.7M+7.9% | 71.1M+20.7% | 58.9M+34.4% | 43.8M+13.7% | 38.5M-0.8% | |
| 2.83B-22.6% | 3.66B+19.4% | 3.06B+29.3% | 2.37B+3.1% | 2.30B+13.7% | ||
| Preferred stock | — | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 13.0M-4.0% | 13.6M-27.5% | 18.7M+4924.4% | 373K+0.5% | 371K+1.1% | |
| Additional paid-in capital | 2.20B+6.1% | 2.08B+7.2% | 1.94B+5.9% | 1.83B+5.8% | 1.73B+11.6% | |
| Retained earnings | 620M-60.6% | 1.57B-74.0% | 6.06B+25.4% | 4.83B+22.9% | 3.93B+19.9% | |
| Treasury stock | — | 0.00-100.0% | 4.94B+15.5% | 4.28B+27.6% | 3.36B+19.8% | |
| Accumulated other comprehensive income | -7.29M+29.1% | -10.3M-54.5% | -6.66M+15.6% | -7.89M-47.3% | -5.35M-26.6% | |
| Total liabilities & equity | 8.99B-2.3% | 9.20B+14.4% | 8.04B+16.1% | 6.93B+4.1% | 6.65B+11.2% | |
| Common shares issued | 1.30B-4.0% | 1.36B-27.5% | 1.87B+0.4% | 1.87B+0.5% | 1.86B+1.2% | |
| Common shares outstanding | — | 1.36B | — | — | 1.86B | |
| Shares outstanding (cover) | 1.30B-3.9% | 1.36B-1.1% | 1.37B-0.7% | 1.38B-1.5% | 1.40B-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.11B+0.4% | 2.11B+18.0% | 1.78B+34.8% | 1.32B+3.2% | 1.28B+93.1% | ||
| Depreciation & amortization | 361M+7.9% | 335M+4.9% | 319M+11.4% | 287M+12.6% | 255M+6.8% | |
| Share-based compensation | 120M-9.3% | 132M+6.2% | 124M+26.5% | 98.0M-44.4% | 176M+113.5% | |
| Deferred income taxes | 79.5M+285.1% | -42.9M-351.7% | -9.51M+78.0% | -43.2M-249.6% | -12.4M-111.4% | |
| Change in receivables | 11.4M-61.1% | 29.3M+161.0% | 11.2M-20.0% | 14.0M+731.4% | 1.69M+156.0% | |
| Change in inventory | 710K-92.8% | 9.80M+168.5% | 3.65M+21.2% | 3.01M-52.9% | 6.39M+1522.3% | |
| Change in payables | -7.45M-188.0% | 8.47M+59.4% | 5.31M-70.8% | 18.2M-15.1% | 21.4M+655.6% | |
| -35.1M+95.8% | -838M+11.5% | -946M-14.0% | -830M-59.0% | -522M-20.6% | ||
| Capital expenditure | 666M+12.3% | 594M+5.9% | 561M+17.0% | 479M+8.3% | 442M+18.5% | |
| Free cash flow | 1.45B-4.2% | 1.51B+23.6% | 1.22B+44.9% | 844M+0.5% | 840M+189.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -2.47B-130.1% | -1.07B-62.5% | -661M+28.9% | -929M-69.4% | -549M-423.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.43B+142.2% | 1.00B+69.1% | 592M-28.6% | 830M+78.0% | 466M+757.5% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 4.08M+95.1% | 2.09M+147.8% | 843K+386.7% | -294K+87.1% | -2.27M-20.0% | |
| FX effect on cash | -416K+74.6% | -1.64M-529.1% | 381K+137.8% | -1.01M+3.1% | -1.04M-196.6% | |
| Net change in cash | -392M-304.2% | 192M+8.5% | 177M+140.5% | -437M-307.8% | 210M+65.2% | |
| Income taxes paid | 423M-20.5% | 533M+33.1% | 400M+45.1% | 276M | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 48.2B-41.0% | 81.7B+30.2% | 62.8B+63.2% | 38.5B-21.5% | 49.0B+25.6% | |
| P/E | 31.4×-41.1% | 53.3×-0.7% | 53.6×+12.8% | 47.6×-36.6% | 75.1×-31.6% | |
| P/S | 4.0×-44.1% | 7.2×+9.7% | 6.6×+44.0% | 4.6×-29.6% | 6.5×-0.4% | |
| P/B | 17.0×-23.9% | 22.4×+2.8% | 21.7×+31.6% | 16.5×-22.5% | 21.3×+10.4% | |
| P/FCF | 33.3×-38.4% | 54.1×+19.5% | 45.2×+6.2% | 42.6×-27.0% | 58.4×-56.6% | |
| Earnings yield | 3.2%+69.8% | 1.9%+0.7% | 1.9%-11.3% | 2.1%+57.8% | 1.3%+46.2% | |
| FCF yield | 3.0%+62.4% | 1.8%-16.3% | 2.2%-5.8% | 2.3%+37.0% | 1.7%+130.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CMG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CMG filings on SEC EDGAR → Not investment advice.