Chipotle Mexican Grill: revenue, profit and cash flow

In fiscal 2025, Chipotle Mexican Grill had revenue of $11.9B, up 14.8% a year on average since 2020, and net income of $1.54B (12.9% of revenue). It has 15% fewer shares than in 2015.

Revenue, fiscal 2025

$11.9B+14.8% a year

average annual revenue growth since 2020 · +5.4% vs 2024

Net income, 2025

$1.54B

12.9% of revenue

Diluted EPS, 2025

$1.14

14.2% a year since 2015

Shares, 2025

1.34B

−14.7% since 2015

Free cash flow, 2025

$1.45B

$2.11B from operations − $666M capex

Ticker: CMG · NYSE
Sector: Consumer Discretionary
Sub-industry: Restaurants
Headquarters: Newport Beach, California
Founded: 1993
In the S&P 500 since: April 28, 2011
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Chipotle Mexican Grill Inc · CIK 0001058090

Revenue and net income

Revenue went from $3.9B in 2016 to $11.9B in 2025.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $0.05 in 2008 to $1.14 in 2025. Ten-year growth: 14.2% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

14.7% fewer shares in 2025 than in 2015 (1.57B → 1.34B): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.45B in 2025, 12.1% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Shares	Operating cash flow	Capex	Free cash flow
2025	$11.9B	$1.54B	12.9%	$1.14	1.34B	$2.11B	$666M	$1.45B
2024	$11.3B	$1.53B	13.6%	$1.11	1.38B	$2.11B	$594M	$1.51B
2023	$9.87B	$1.23B	12.4%	$0.89	1.39B	$1.78B	$561M	$1.22B
2022	$8.63B	$899M	10.4%	$0.64	1.4B	$1.32B	$479M	$844M
2021	$7.55B	$653M	8.7%	$0.46	1.43B	$1.28B	$442M	$840M
2020	$5.98B	$356M	5.9%	$0.25	1.42B	$664M	$373M	$290M
2019	$5.59B	$350M	6.3%	$0.25	1.41B	$722M	$334M	$388M
2018	$4.86B	$177M	3.6%	$0.13	1.4B	$622M	$287M	$334M
2017	$4.48B	$176M	3.9%	$0.12	1.43B	$468M	$217M	$251M
2016	$3.9B	$22.9M	0.6%	$0.02	1.49B	$355M	$259M	$96.3M
2015	—	$476M	—	$0.30	1.57B	$683M	$257M	$426M
2014	—	$445M	—	$0.28	1.58B	$682M	$253M	$429M
2013	—	$327M	—	$0.21	1.56B	$529M	$200M	$329M
2012	—	$278M	—	$0.17	1.59B	$420M	$197M	$223M
2011	—	$215M	—	$0.14	1.59B	$411M	$151M	$260M
2010	—	$179M	—	$0.11	1.59B	$289M	$113M	$176M
2009	—	$127M	—	$0.08	1.61B	$261M	$117M	$143M
2008	—	$78.2M	—	$0.05	1.66B	$199M	$152M	$46.4M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

Stock splits

Found in the filings; per-share figures and share counts on this page are on today’s share basis.

50-for-1 split · first reflected in a filing of July 25, 2024

About these figures

No dividends per share in the filings data. Usually that means no dividend, but some companies report theirs in a form the data do not capture.
Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.