Chipotle Mexican Grill (CMG) financials
Chipotle Mexican Grill revenue and earnings by year
Chipotle Mexican Grill's revenue was $11.9 billion in the fiscal year to December 31, 2025, up 5.4% from the year before. Net income was $1.54 billion, 12.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 13.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.9 | 11.3 | 9.9 | 8.6 | 7.5 | 6.0 | 5.6 | 4.9 | 4.5 | 3.9 |
| Revenue growth | 5.4% | 14.6% | 14.3% | 14.4% | 26.1% | 7.1% | 14.8% | 8.7% | 14.7% | — |
| Gross profit | 3.0 | 3.0 | 2.6 | 2.1 | 1.7 | 1.0 | 1.1 | 0.9 | 0.8 | 0.5 |
| Gross margin | 25.4% | 26.7% | 26.2% | 23.9% | 22.6% | 17.4% | 20.5% | 18.7% | 16.9% | 12.8% |
| Operating income | 1.9 | 1.9 | 1.6 | 1.2 | 0.8 | 0.3 | 0.4 | 0.3 | 0.3 | 0.0 |
| Operating margin | 16.2% | 16.9% | 15.8% | 13.4% | 10.7% | 4.8% | 7.9% | 5.3% | 6.0% | 0.9% |
| Net income | 1.5 | 1.5 | 1.2 | 0.9 | 0.7 | 0.4 | 0.4 | 0.2 | 0.2 | 0.0 |
| Net margin | 12.9% | 13.6% | 12.4% | 10.4% | 8.7% | 5.9% | 6.3% | 3.6% | 3.9% | 0.6% |
| Diluted EPS | $1.14 | $1.11 | $0.89 | $0.64 | $0.46 | $0.25 | $0.25 | $0.13 | $0.12 | $0.02 |
| Free cash flow | 1.4 | 1.5 | 1.2 | 0.8 | 0.8 | 0.3 | 0.4 | 0.3 | 0.3 | 0.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CMG in Markets.
How Chipotle Mexican Grill makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Food & Beverage | $3.28B | 99.5% |
| Delivery Service | $15.2M | 0.5% |
See also: CMG valuation and P/E history · CMG returns
No forecast, no recommendation. This page describes Chipotle Mexican Grill from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.