Cash flow Chipotle Mexican Grill, Inc.

Stocks

CMG

US1696561059

Restaurants & Bars

Market Closed - NYSE Other stock markets 04:02:31 2026-07-10 pm EDT			5-day change	1st Jan Change
35.25 ^USD	+1.88%		-0.40%	-4.73%

Jul. 10	Chipotle Mexican Grill's Sales, Margins Expected to Improve in H2, UBS Says	MT
Jul. 08	Chipotle Mexican Grill, Inc. Announces Committee Changes, Effective July 7, 2026	CI

05088fda751a1e967cd2e5f0753d959.fmHpdx_MdSW5N3Ogr4zVeiHy9yOETriNlFIdGZQ11Fc.Cg6LAiiWJEzaUR_X3M-2DkCQ2hroPsr6ohtQe-cFlyQJI6wEXrsqa_NVIg

Published financial data: CHIPOTLE MEXICAN GRILL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.55B	8.63B	9.87B	11.31B	11.93B
Total Revenues	7.55B	8.63B	9.87B	11.31B	11.93B
Cost of Goods Sold, Total	4.64B	5.26B	5.86B	6.73B	7.14B
Gross Profit	2.9B	3.37B	4.01B	4.59B	4.78B
Selling General & Admin Expenses, Total	824M	815M	898M	974M	960M
Pre-Opening Costs	21.26M	29.56M	36.93M	41.9M	49.51M
Depreciation & Amortization - (IS)	255M	287M	319M	335M	361M
Other Operating Expenses	975M	1.06B	1.16B	1.28B	1.39B
Other Operating Expenses, Total	2.07B	2.19B	2.42B	2.63B	2.76B
Operating Income	830M	1.18B	1.6B	1.95B	2.02B
Interest Expense, Total	-180K	-384K	-1.54M	-1.44M	-726K
Interest And Investment Income	2.03M	15.54M	64.23M	95.34M	74.45M
Net Interest Expenses	1.85M	15.16M	62.69M	93.9M	73.72M
EBT, Excl. Unusual Items	831M	1.2B	1.66B	2.05B	2.09B
Restructuring Charges	-	-	-	6.5M	-
Gain (Loss) On Sale Of Investments	5.97M	5.97M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-19.29M	-21.14M	-38.37M	-26.95M	-27.5M
Legal Settlements	-	-	-	-16.6M	-22.5M
Other Unusual Items	-5.41M	-	-	-	-34.76M
EBT, Incl. Unusual Items	813M	1.18B	1.62B	2.01B	2.01B
Income Tax Expense	160M	282M	392M	476M	474M
Earnings From Continuing Operations	653M	899M	1.23B	1.53B	1.54B
Net Income to Company	653M	899M	1.23B	1.53B	1.54B
Net Income - (IS)	653M	899M	1.23B	1.53B	1.54B
Net Income to Common Incl Extra Items	653M	899M	1.23B	1.53B	1.54B
Net Income to Common Excl. Extra Items	653M	899M	1.23B	1.53B	1.54B
Per Share Items
Net EPS - Basic	0.46	0.65	0.89	1.12	1.15
Basic EPS - Continuing Operations	0.46	0.65	0.89	1.12	1.15
Basic Weighted Average Shares Outstanding	1.41B	1.39B	1.38B	1.37B	1.34B
Net EPS - Diluted	0.46	0.64	0.89	1.11	1.14
Diluted EPS - Continuing Operations	0.46	0.64	0.89	1.11	1.14
Diluted Weighted Average Shares Outstanding	1.43B	1.4B	1.39B	1.38B	1.34B
Normalized Basic EPS	0.37	0.54	0.75	0.94	0.98
Normalized Diluted EPS	0.36	0.53	0.75	0.93	0.97
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	1.08B	1.47B	1.92B	2.29B	2.38B
EBITA	830M	1.18B	1.6B	1.95B	2.02B
EBIT	830M	1.18B	1.6B	1.95B	2.02B
EBITDAR	1.54B	1.96B	2.46B	2.89B	3.05B
Total Revenues (As Reported)	7.55B	8.63B	9.87B	11.31B	11.93B
Effective Tax Rate - (Ratio)	19.66	23.9	24.18	23.68	23.58
Current Domestic Taxes	172M	325M	400M	517M	393M
Current Foreign Taxes	338K	374K	1.16M	1.64M	1.08M
Total Current Taxes	172M	326M	401M	519M	394M
Deferred Domestic Taxes	-	-	-	-	78.88M
Deferred Foreign Taxes	-	-	-	-	607K
Total Deferred Taxes	-12.36M	-43.2M	-9.5M	-42.94M	79.48M
Normalized Net Income	520M	748M	1.04B	1.28B	1.31B
Supplemental Operating Expense Items
Marketing Expenses	222M	251M	264M	286M	364M
Selling and Marketing Expenses	222M	251M	264M	286M	364M
General and Administrative Expenses	601M	564M	634M	687M	595M
Net Rental Expense, Total	452M	495M	544M	605M	671M
Imputed Operating Lease Interest Expense	192K	416K	1.72M	1.62M	805K
Imputed Operating Lease Depreciation	452M	495M	542M	603M	670M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	5.3M	34.76M
Stock-Based Comp., Other (Total)	176M	98.03M	124M	126M	84.78M
Total Stock-Based Compensation	176M	98.03M	124M	132M	120M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	815M	384M	561M	749M	351M
Short Term Investments	261M	515M	735M	674M	699M
Total Cash And Short Term Investments	1.08B	899M	1.3B	1.42B	1.05B
Accounts Receivable, Total	99.6M	107M	116M	144M	156M
Other Receivables	94.06M	47.74M	52.96M	67.23M	91.39M
Total Receivables	194M	155M	168M	211M	248M
Inventory	32.83M	35.67M	39.31M	48.94M	49.51M
Prepaid Expenses	78.76M	86.41M	97.67M	80.25M	98.1M
Other Current Assets, Total	-	-	19.79M	17.28M	22.35M
Total Current Assets	1.38B	1.18B	1.62B	1.78B	1.47B
Gross Property Plant And Equipment	6.42B	6.99B	7.73B	8.64B	9.67B
Accumulated Depreciation	-1.54B	-1.73B	-1.98B	-2.25B	-2.53B
Net Property Plant And Equipment	4.89B	5.25B	5.75B	6.39B	7.14B
Long-term Investments	284M	400M	573M	886M	213M
Goodwill	21.94M	21.94M	21.94M	21.94M	21.94M
Other Long-Term Assets, Total	78.32M	76.43M	79.74M	125M	150M
Total Assets	6.65B	6.93B	8.04B	9.2B	8.99B
Liabilities
Accounts Payable, Total	163M	185M	198M	211M	213M
Accrued Expenses, Total	287M	303M	375M	442M	433M
Current Portion of Leases	219M	236M	248M	278M	302M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	156M	183M	210M	239M	240M
Other Current Liabilities	48.1M	15.23M	-	-	-
Total Current Liabilities	874M	922M	1.03B	1.17B	1.19B
Long-Term Leases	3.3B	3.5B	3.8B	4.26B	4.77B
Pension & Other Post Retirement Benefits	19.33M	21.14M	27.18M	-	-
Deferred Tax Liability Non Current	142M	98.62M	89.11M	46.21M	126M
Other Non Current Liabilities	19.21M	22.68M	31.69M	71.07M	76.67M
Total Liabilities	4.36B	4.56B	4.98B	5.55B	6.16B
Common Stock, Total	371K	373K	375K	13.59M	13.04M
Additional Paid In Capital	1.73B	1.83B	1.96B	2.08B	2.2B
Retained Earnings	3.93B	4.83B	6.06B	1.57B	620M
Treasury Stock	-3.36B	-4.28B	-4.94B	-	-
Comprehensive Income and Other	-5.35M	-7.89M	-6.66M	-10.28M	-7.29M
Total Common Equity	2.3B	2.37B	3.06B	3.66B	2.83B
Total Equity	2.3B	2.37B	3.06B	3.66B	2.83B
Total Liabilities And Equity	6.65B	6.93B	8.04B	9.2B	8.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.4B	1.38B	1.37B	1.36B	1.3B
ECS Total Common Shares Outstanding	1.4B	1.38B	1.37B	1.36B	1.3B
Book Value / Share	1.64	1.71	2.23	2.69	2.17
Tangible Book Value	2.28B	2.35B	3.04B	3.63B	2.81B
Tangible Book Value Per Share	1.62	1.7	2.22	2.67	2.15
Total Debt	3.52B	3.73B	4.05B	4.54B	5.08B
Net Debt	2.44B	2.83B	2.76B	3.12B	4.03B
Debt Equivalent Oper. Leases	3.61B	3.96B	4.35B	4.84B	5.37B
Equity Method Investments, Total	9.25M	11.7M	8.9M	18.1M	16M
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	12.94M	12.94M	12.94M	12.94M	12.94M
Machinery, Total	1.09B	1.23B	1.38B	1.52B	1.77B
Full Time Employees	97.66K	105K	116K	131K	130K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	2.95M	1.67M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	653M	899M	1.23B	1.53B	1.54B
Depreciation & Amortization - CF	255M	287M	319M	335M	361M
Depreciation & Amortization, Total	255M	287M	319M	335M	361M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	17.09M	20.74M	37.02M	24.58M	26.58M
Stock-Based Compensation (CF)	176M	98.03M	124M	132M	120M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	493K	-760K	1.57M	215K	-657K
Other Operating Activities, Total	-16.96M	-59.4M	-22.58M	-46.41M	64.82M
Change In Accounts Receivable	-1.69M	-14.03M	-11.22M	-29.27M	-11.38M
Change In Inventories	-6.39M	-3.01M	-3.65M	-9.8M	-710K
Change In Accounts Payable	21.44M	18.21M	5.31M	8.47M	-7.45M
Change in Unearned Revenues	34.39M	33.37M	35.68M	46.14M	40.71M
Change In Income Taxes	193M	46.26M	-5.24M	-14.36M	-24.12M
Change in Other Net Operating Assets	-43.7M	-2.17M	74.42M	125M	9.46M
Cash from Operations	1.28B	1.32B	1.78B	2.11B	2.11B
Capital Expenditure	-442M	-479M	-561M	-594M	-666M
Sale of Property, Plant, and Equipment	4.04M	-	-	20.11M	-
Investment in Marketable and Equity Securities, Total	-83.6M	-351M	-385M	-264M	631M
Cash from Investing	-522M	-830M	-946M	-838M	-35.08M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-546M	-929M	-661M	-1.08B	-2.47B
Other Financing Activities, Total	-2.27M	-294K	843K	2.09M	4.08M
Cash from Financing	-549M	-929M	-661M	-1.07B	-2.47B
Foreign Exchange Rate Adjustments	-1.04M	-1.01M	381K	-1.64M	-416K
Net Change in Cash	210M	-437M	177M	192M	-392M
Supplemental Items
Cash Income Tax Paid (Refund)	-17.83M	276M	400M	533M	423M
Levered Free Cash Flow	708M	703M	928M	1.17B	1.01B
Unlevered Free Cash Flow	708M	703M	929M	1.17B	1.01B
Change In Net Working Capital	-201M	-59.21M	-48.35M	-75.98M	65.32M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.21	10.88	13.33	14.16	13.88
Return on Total Capital	9.43	12.39	15.1	15.95	15.68
Return On Equity %	30.25	38.54	45.26	45.67	47.36
Return on Common Equity	30.25	38.54	45.26	45.67	47.36
Margin Analysis
Gross Profit Margin %	38.48	39.08	40.67	40.54	40.1
SG&A Margin	10.92	9.44	9.1	8.61	8.05
EBITDA Margin %	14.37	17.01	19.4	20.23	19.97
EBITA Margin %	10.99	13.68	16.17	17.27	16.94
EBIT Margin %	10.99	13.68	16.17	17.27	16.94
Income From Continuing Operations Margin %	8.65	10.41	12.45	13.56	12.88
Net Income Margin %	8.65	10.41	12.45	13.56	12.88
Net Avail. For Common Margin %	8.65	10.41	12.45	13.56	12.88
Normalized Net Income Margin	6.89	8.66	10.5	11.31	10.98
Levered Free Cash Flow Margin	9.38	8.14	9.4	10.33	8.48
Unlevered Free Cash Flow Margin	9.38	8.15	9.41	10.34	8.49
Asset Turnover
Asset Turnover	1.19	1.27	1.32	1.31	1.31
Fixed Assets Turnover	1.63	1.7	1.79	1.86	1.76
Receivables Turnover (Average Receivables)	73.95	83.64	88.77	87.2	79.39
Inventory Turnover (Average Inventory)	156.67	153.61	156.23	152.47	145.12
Short Term Liquidity
Current Ratio	1.58	1.28	1.57	1.52	1.23
Quick Ratio	1.45	1.14	1.42	1.4	1.09
Operating Cash Flow to Current Liabilities	1.47	1.44	1.73	1.8	1.78
Days Sales Outstanding (Average Receivables)	4.94	4.36	4.11	4.2	4.6
Days Outstanding Inventory (Average Inventory)	2.33	2.38	2.34	2.4	2.51
Average Days Payable Outstanding	11.19	12.06	11.9	11.09	10.82
Cash Conversion Cycle (Average Days)	-3.93	-5.32	-5.45	-4.49	-3.71
Long Term Solvency
Total Debt/Equity	153.23	157.57	132.31	124.21	179.32
Total Debt / Total Capital	60.51	61.18	56.95	55.4	64.2
LT Debt/Equity	143.71	147.6	124.21	116.61	168.64
Long-Term Debt / Total Capital	56.75	57.3	53.47	52.01	60.37
Total Liabilities / Total Assets	65.47	65.82	61.93	60.28	68.53
EBIT / Interest Expense	4.61K	3.08K	1.04K	1.36K	2.78K
EBITDA / Interest Expense	8.53K	5.11K	1.6K	2.01K	4.21K
(EBITDA - Capex) / Interest Expense	6.08K	3.86K	1.23K	1.6K	3.29K
Total Debt / EBITDA	2.29	1.9	1.65	1.57	1.66
Net Debt / EBITDA	1.59	1.44	1.12	1.08	1.32
Total Debt / (EBITDA - Capex)	3.22	2.51	2.13	1.97	2.13
Net Debt / (EBITDA - Capex)	2.23	1.91	1.45	1.36	1.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.11	14.41	14.33	14.61	5.41
Gross Profit, 1 Yr. Growth %	40.22	16.18	18.99	14.23	4.27
EBITDA, 1 Yr. Growth %	91.68	36.1	30.46	19.46	3.77
EBITA, 1 Yr. Growth %	153.61	43.35	35.09	22.38	3.07
EBIT, 1 Yr. Growth %	153.61	43.35	35.09	22.38	3.07
Earnings From Cont. Operations, 1 Yr. Growth %	83.54	37.69	36.66	24.85	0.11
Net Income, 1 Yr. Growth %	83.54	37.69	36.66	24.85	0.11
Normalized Net Income, 1 Yr. Growth %	151.39	43.82	39.14	23.41	1.95
Diluted EPS Before Extra, 1 Yr. Growth %	82.91	39.91	38.39	24.72	2.7
Accounts Receivable, 1 Yr. Growth %	-4.69	7.31	8.1	24.61	8.68
Inventory, 1 Yr. Growth %	24.13	8.66	10.21	24.51	1.16
Net Property, Plant and Equip., 1 Yr. Growth %	12.32	7.49	9.42	11.16	11.77
Total Assets, 1 Yr. Growth %	11.2	4.13	16.12	14.42	-2.28
Tangible Book Value, 1 Yr. Growth %	13.87	3.1	29.59	19.52	-22.7
Common Equity, 1 Yr. Growth %	13.72	3.08	29.31	19.38	-22.57
Cash From Operations, 1 Yr. Growth %	93.13	3.21	34.79	18.03	0.42
Capital Expenditures, 1 Yr. Growth %	18.51	8.29	17.02	5.86	12.25
Levered Free Cash Flow, 1 Yr. Growth %	-54.61K	-0.2	31.94	26.02	-13.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-74.43K	-0.18	32.03	25.99	-13.81
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.23	20.12	14.37	14.47	9.91
Gross Profit, 2 Yr. CAGR %	23.52	27.64	17.58	16.59	9.14
EBITDA, 2 Yr. CAGR %	25.15	62.03	33.25	24.84	11.51
EBITA, 2 Yr. CAGR %	31.54	91.93	39.16	28.58	12.51
EBIT, 2 Yr. CAGR %	31.54	91.93	39.16	28.58	12.51
Earnings From Cont. Operations, 2 Yr. CAGR %	36.56	58.97	37.18	30.62	11.8
Net Income, 2 Yr. CAGR %	36.56	58.97	37.18	30.62	11.8
Normalized Net Income, 2 Yr. CAGR %	29.76	92.08	41.2	30.47	12.36
Diluted EPS Before Extra, 2 Yr. CAGR %	36.01	59.97	39.15	31.7	13.18
Accounts Receivable, 2 Yr. CAGR %	11.2	1.13	7.7	16.06	16.37
Inventory, 2 Yr. CAGR %	12.16	16.14	9.43	17.14	12.23
Net Property, Plant and Equip., 2 Yr. CAGR %	11.04	9.88	8.45	10.29	11.47
Total Assets, 2 Yr. CAGR %	14.16	7.6	9.96	15.27	5.74
Tangible Book Value, 2 Yr. CAGR %	17.04	8.36	15.59	24.45	-3.88
Common Equity, 2 Yr. CAGR %	16.83	8.27	15.45	24.25	-3.86
Cash From Operations, 2 Yr. CAGR %	33.29	41.18	17.94	26.13	8.87
Capital Expenditures, 2 Yr. CAGR %	15.11	13.29	12.57	11.3	9.01
Levered Free Cash Flow, 2 Yr. CAGR %	65.38	1.05K	14.75	28.95	4.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	65.02	1.09K	14.8	28.97	4.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.76	15.62	18.15	14.45	11.36
Gross Profit, 3 Yr. CAGR %	22.21	21.03	24.69	16.45	12.33
EBITDA, 3 Yr. CAGR %	25.08	28.48	50.74	28.48	17.5
EBITA, 3 Yr. CAGR %	33.07	35.07	70.73	33.33	19.58
EBIT, 3 Yr. CAGR %	33.07	35.07	70.73	33.33	19.58
Earnings From Cont. Operations, 3 Yr. CAGR %	54.65	36.94	51.16	32.94	19.54
Net Income, 3 Yr. CAGR %	54.65	36.94	51.16	32.94	19.54
Normalized Net Income, 3 Yr. CAGR %	31.93	34.32	72.29	35	20.31
Diluted EPS Before Extra, 3 Yr. CAGR %	53.67	37.3	52.43	34.32	21.22
Accounts Receivable, 3 Yr. CAGR %	16.92	9.89	3.4	13.07	13.55
Inventory, 3 Yr. CAGR %	15.05	10.98	14.13	14.24	11.55
Net Property, Plant and Equip., 3 Yr. CAGR %	52.46	9.84	9.73	9.35	10.78
Total Assets, 3 Yr. CAGR %	43.2	10.71	10.37	11.43	9.09
Tangible Book Value, 3 Yr. CAGR %	17.04	12.2	15.02	16.88	6.18
Common Equity, 3 Yr. CAGR %	16.81	12.06	14.87	16.75	6.13
Cash From Operations, 3 Yr. CAGR %	27.3	22.4	39.02	17.97	16.9
Capital Expenditures, 3 Yr. CAGR %	15.47	12.79	14.52	10.29	11.62
Levered Free Cash Flow, 3 Yr. CAGR %	31.38	39.53	459.45	18.39	12.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	31.34	39.34	472.39	18.42	12.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.09	14.04	15.2	15.16	14.79
Gross Profit, 5 Yr. CAGR %	20.56	19.1	20.34	19.23	18.22
EBITDA, 5 Yr. CAGR %	39.56	26.83	28.16	27.01	33.62
EBITA, 5 Yr. CAGR %	69.99	32.98	35.3	32.43	44.5
EBIT, 5 Yr. CAGR %	69.99	32.98	35.3	32.43	44.5
Earnings From Cont. Operations, 5 Yr. CAGR %	95.38	38.53	47.41	34.38	33.98
Net Income, 5 Yr. CAGR %	95.38	38.53	47.41	34.38	33.98
Normalized Net Income, 5 Yr. CAGR %	68.03	32.86	35.58	32.9	45.21
Diluted EPS Before Extra, 5 Yr. CAGR %	97.09	39.02	47.69	34.99	35.41
Accounts Receivable, 5 Yr. CAGR %	19.75	21.45	13.14	12.32	8.41
Inventory, 5 Yr. CAGR %	16.93	12.42	12.77	13.4	13.36
Net Property, Plant and Equip., 5 Yr. CAGR %	30.25	31.45	33.04	10.02	10.42
Total Assets, 5 Yr. CAGR %	26.84	27.63	28.84	12.51	8.5
Tangible Book Value, 5 Yr. CAGR %	10.51	11.81	16.46	16.95	7.05
Common Equity, 5 Yr. CAGR %	10.37	11.66	16.27	16.78	6.98
Cash From Operations, 5 Yr. CAGR %	29.27	23.09	23.47	23.88	26.07
Capital Expenditures, 5 Yr. CAGR %	11.32	17.19	14.3	12.19	12.28
Levered Free Cash Flow, 5 Yr. CAGR %	80.59	26.67	24.34	35.2	185.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	80.6	26.68	24.34	35.1	189.8