InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

Chipotle Mexican Grill

CMG Clue Score68
United States Fiscal year ends December CIK 0001058090
$31.59 -3.34% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $31.59 −98.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.90Operating income0.03Net income0.02EPS, diluted0.77Fiscal year 2017Revenue4.48 +14.7%Operating income0.27Net income0.18 +668.4%EPS, diluted6.17Fiscal year 2018Revenue4.86 +8.7%Operating income0.26Net income0.18 +0.2%EPS, diluted6.31Fiscal year 2019Revenue5.59 +14.8%Operating income0.44Net income0.35 +98.3%EPS, diluted12.38Fiscal year 2020Revenue5.98 +7.1%Operating income0.29Net income0.36 +1.6%EPS, diluted12.52Fiscal year 2021Revenue7.55 +26.1%Operating income0.80Net income0.65 +83.5%EPS, diluted22.90Fiscal year 2022Revenue8.63 +14.4%Operating income1.16Net income0.90 +37.7%EPS, diluted0.64Fiscal year 2023Revenue9.87 +14.3%Operating income1.56Net income1.23 +36.7%EPS, diluted0.89Fiscal year 2024Revenue11.31 +14.6%Operating income1.92Net income1.53 +24.9%EPS, diluted1.11Fiscal year 2025Revenue11.93 +5.4%Operating income1.94Net income1.54 +0.1%EPS, diluted1.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.90 4.48 4.86 5.59 5.98 7.55 8.63 9.87 11.31 11.93
Growth +14.7% +8.7% +14.8% +7.1% +26.1% +14.4% +14.3% +14.6% +5.4%
Operating income 0.03 0.27 0.26 0.44 0.29 0.80 1.16 1.56 1.92 1.94
Net income 0.02 0.18 0.18 0.35 0.36 0.65 0.90 1.23 1.53 1.54
Growth +668.4% +0.2% +98.3% +1.6% +83.5% +37.7% +36.7% +24.9% +0.1%
EPS, diluted 0.77 6.17 6.31 12.38 12.52 22.90 0.64 0.89 1.11 1.14

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin0.9%Net margin0.6%Free cash flow margin2.5%Fiscal year 2017Operating margin6.0%Net margin3.9%Free cash flow margin5.6%Fiscal year 2018Operating margin5.3%Net margin3.6%Free cash flow margin6.9%Fiscal year 2019Operating margin7.9%Net margin6.3%Free cash flow margin6.9%Fiscal year 2020Operating margin4.8%Net margin5.9%Free cash flow margin4.9%Fiscal year 2021Operating margin10.7%Net margin8.7%Free cash flow margin11.1%Fiscal year 2022Operating margin13.4%Net margin10.4%Free cash flow margin9.8%Fiscal year 2023Operating margin15.8%Net margin12.4%Free cash flow margin12.4%Fiscal year 2024Operating margin16.9%Net margin13.6%Free cash flow margin13.4%Fiscal year 2025Operating margin16.2%Net margin12.9%Free cash flow margin12.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 0.9% 6.0% 5.3% 7.9% 4.8% 10.7% 13.4% 15.8% 16.9% 16.2%
Net margin 0.6% 3.9% 3.6% 6.3% 5.9% 8.7% 10.4% 12.4% 13.6% 12.9%
Free cash flow margin 2.5% 5.6% 6.9% 6.9% 4.9% 11.1% 9.8% 12.4% 13.4% 12.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.36Capital expenditure−0.26Free cash flow0.10Buybacks−0.84Fiscal year 2017Operating cash flow0.47Capital expenditure−0.22Free cash flow0.25 +161.1%Buybacks−0.29Fiscal year 2018Operating cash flow0.62Capital expenditure−0.29Free cash flow0.33 +32.9%Buybacks−0.16Fiscal year 2019Operating cash flow0.72Capital expenditure−0.33Free cash flow0.39 +16.0%Buybacks−0.19Fiscal year 2020Operating cash flow0.66Capital expenditure−0.37Free cash flow0.29 −25.1%Buybacks−0.05Fiscal year 2021Operating cash flow1.28Capital expenditure−0.44Free cash flow0.84 +189.0%Buybacks−0.47Fiscal year 2022Operating cash flow1.32Capital expenditure−0.48Free cash flow0.84 +0.5%Buybacks−0.83Fiscal year 2023Operating cash flow1.78Capital expenditure−0.56Free cash flow1.22 +44.9%Buybacks−0.59Fiscal year 2024Operating cash flow2.11Capital expenditure−0.59Free cash flow1.51 +23.6%Buybacks−1.00Fiscal year 2025Operating cash flow2.11Capital expenditure−0.67Free cash flow1.45 −4.2%Buybacks−2.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.36 0.47 0.62 0.72 0.66 1.28 1.32 1.78 2.11 2.11
Capital expenditure −0.26 −0.22 −0.29 −0.33 −0.37 −0.44 −0.48 −0.56 −0.59 −0.67
Free cash flow 0.10 0.25 0.33 0.39 0.29 0.84 0.84 1.22 1.51 1.45
Growth +161.1% +32.9% +16.0% −25.1% +189.0% +0.5% +44.9% +23.6% −4.2%
Buybacks −0.84 −0.29 −0.16 −0.19 −0.05 −0.47 −0.83 −0.59 −1.00 −2.43

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.09Shareholders’ equity1.40Fiscal year 2017Cash0.18Shareholders’ equity1.36Fiscal year 2018Cash0.25Shareholders’ equity1.44Fiscal year 2019Cash0.48Total debt0.00Net cash (debt)0.48Shareholders’ equity1.68Debt to equity0.00Fiscal year 2020Cash0.61Total debt0.00Net cash (debt)0.61Shareholders’ equity2.02Debt to equity0.00Fiscal year 2021Cash0.82Total debt0.00Net cash (debt)0.82Shareholders’ equity2.30Debt to equity0.00Fiscal year 2022Cash0.38Total debt0.00Net cash (debt)0.38Shareholders’ equity2.37Debt to equity0.00Fiscal year 2023Cash0.56Total debt0.00Net cash (debt)0.56Shareholders’ equity3.06Debt to equity0.00Fiscal year 2024Cash0.75Total debt0.00Net cash (debt)0.75Shareholders’ equity3.66Debt to equity0.00Fiscal year 2025Cash0.35Total debt0.00Net cash (debt)0.35Shareholders’ equity2.83Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.09 0.18 0.25 0.48 0.61 0.82 0.38 0.56 0.75 0.35
Total debt n/a n/a n/a 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net cash (debt) n/a n/a n/a 0.48 0.61 0.82 0.38 0.56 0.75 0.35
Shareholders’ equity 1.40 1.36 1.44 1.68 2.02 2.30 2.37 3.06 3.66 2.83
Debt to equity n/a n/a n/a 0.00 0.00 0.00 0.00 0.00 0.00 0.00

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
0.9% 6.0% 5.3% 7.9% 4.8% 10.7% 13.4% 15.8% 16.9% 16.2%
1.0% 6.2% 5.5% 8.2% 4.9% 10.8% 13.7% 16.4% 17.8% 16.9%
0.6% 3.9% 3.6% 6.3% 5.9% 8.7% 10.4% 12.4% 13.6% 12.9%
2.5% 5.6% 6.9% 6.9% 4.9% 11.1% 9.8% 12.4% 13.4% 12.1%
Spending
7.1% 6.6% 7.7% 8.1% 7.8% 8.0% 6.5% 6.4% 6.2% 5.5%
6.6% 4.8% 5.9% 6.0% 6.2% 5.9% 5.5% 5.7% 5.2% 5.6%
40.8% 36.1% −34.2% 23.6% −21.1% 19.7% 23.9% 24.2% 23.7% 23.6%
Returns
1.6% 12.9% 12.2% 20.8% 17.6% 28.4% 38.0% 40.1% 42.0% 54.3%
1.1% 8.6% 7.8% 6.9% 5.9% 9.8% 13.0% 15.3% 16.7% 17.1%
Balance and payout
n/a n/a n/a 0.00 0.00 0.00 0.00 0.00 0.00 0.00
30.8% 33.3% 36.4% 67.0% 66.2% 65.5% 65.8% 61.9% 60.3% 68.5%
868.7% 113.4% 48.2% 49.2% 18.7% 55.6% 98.4% 48.4% 66.3% 167.6%