How Chipotle Mexican Grill makes money

Period

FY2025

How does Chipotle Mexican Grill make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Chipotle Mexican Grill Inc. · FY2025 · year ended 2025-12-31

Revenue$11.9BGross profit$11.9B · 100%Cost of revenue$0 · 0%Operating income$1.9B · 16%Operating expenses$10.0B · 84%SG&A$652M · 5%Other opex$9.3B · 78%Pre-tax income$2.0B · 17%Other income$74M · 1%Net income$1.5B · 13%Income tax$474M · 4%Food & Beverage$11.9B · 100%Delivery Service$60M · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.