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ChipotleCMG

$46.8B market cap
ChipotleCMG
Revenue

Revenue: is the business selling more than it used to?

$11.9B+5% YoYFY 2025

0.00$5.0B$10.0B20162017201820192020202120222023202420252026$12.4B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $11.9B in 2025, compounding +11% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $12.4B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Net income

Net income: how much of that revenue becomes profit?

$1.5B+0% YoYFY 2025

0.00$1.0B201120122013201420152016201720182019202020212022202320242025$1.5B2026$1.4B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $1.5B in 2025, compounding +20% a year over three years. Trailing twelve-month profit stands at $1.4B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Growth rate

How fast is it growing, year by year?

+5.4%revenue growth, FY 2025

0.0%50%100%2017201820192020202120222023202420255.4%0.1%

Off the axis: 2017 earnings +668.4% - rebounds off a collapsed prior year.

Revenue grew +5% in 2025 against a five-year average of +15%. Earnings grew more slowly (+0%), so costs are absorbing part of the growth. 2017's +668% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$8.88revenue per share, FY 2025

0.005.00201620172018201920202021202220232024202520269.251.17

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $8.88 in 2025, compounding +13% a year against +11% for CMG as a whole. Buybacks added roughly 1.6 points to your per-share result. Free cash flow per share stands at $1.08.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Free cash flow

Free cash flow: what is left in real cash after everything?

$1.4B−4% YoYFY 2025

0.00$1.0B2011201220132014201520162017201820192020202120222023202420252026$1.6B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $1.4B in 2025, compounding +20% a year since 2022. The trailing twelve months stand at $1.6B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%5.0%10%20162017201820192020202120222023202413%2025202613%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

12 cents of every sales dollar became free cash in 2025, up 2 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%2.5%5.0%201620172018201920202021202220232024202520266.1%0.8%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is capital spending, at 6% of revenue (stock compensation 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Operating leverage

When sales grow, do profits grow faster?

0.0%500%2017201820192020202120222023202420255.4%1.0%

Operating profit outgrew revenue in 4 of the last 5 years, most recently +1% against +5%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%10%2016201720182019202020212022202320242025202615%11%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin widened 3 points to 16% since 2022. After everything, 13 cents of each sales dollar reaches net profit. CMG doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Returns on capital

What does it earn on the money it uses?

0.0%25%50%201120122013201420152016201720182019202020212022202320242025202665%16%25%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of 65% sits well above ROCE of 25%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Valuation history

What has the market paid for CMG over time?

35.0xP/E today

0.002004002016201720182019202020212022202320242025202610-year median 61.2xP/E 34.95

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 35.0x earnings, the market is paying 43% less than CMG's own 10-year median of 61.2x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Free cash flow yield

What cash return does the business throw off per dollar of market value?

3.4%FCF yield today

0.0%2.0%2016201720182019202020212022202320242025202610-year median 2.0%FCF yield 3.4%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 3.4% of annual free cash flow, more than its 10-year median of 2.0% - the cash is cheaper than usual.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Debt & cash

Could it handle its debt if things went wrong?

0.00$1.0B2012201320142015201620172018201920202021202220232024202520260.00$678M

Debt isn't clearly tagged in CMG's filings, so treat the balance sheet with extra care rather than assuming zero.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Shareholders' equity

Is the company's own capital growing?

0.00$2.0B2012201320142015201620172018201920202021202220232024$3.7B20252026$2.2B

The company's own capital shrank from $3.1B in 2023 to $2.2B (-28%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$1.0B$2.0B2011201220132014201520162017201820192020202120222023202420252026

Shareholders received $2.4B in buybacks in 2025. Stock compensation issued $120M of new shares in the same year, offsetting 5% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Dilution rate

How fast is your ownership being diluted - or concentrated?

-5.0%-2.5%0.0%201220132014201520162017201820191.2%202020212022202320242025-2.5%

The share count shrank 2.5% in 2025, averaging 1.5% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Return on capital employed

Does CMG earn more on its capital than that capital costs?

0.0%20%20112012201320142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 25%

CMG earns 24.8% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 19.3% in 2022, so the trend is up, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Dilution against what it bought

CMG has issued or retired shares - did shareholders end up better off?

0200201620172018201920202021202220232024202590339

CMG has shrunk its share count -15% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +239% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChipotleCMG
Insider flow

Are the people running it buying or selling?

$4M$2M0.00Dec '25Feb '26Aug '26

Insiders sold $7M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 49 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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