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Chipotle Mexican Grill (CMG) Financials

Chipotle Mexican Grill logo
$51.93 +2.39 (+4.82%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$51.78 -0.16 (-0.30%)
As of 04/25/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Chipotle Mexican Grill

Annual Income Statements for Chipotle Mexican Grill

This table shows Chipotle Mexican Grill's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
476 23 176 360 350 356 652 897 1,230 1,530
Consolidated Net Income / (Loss)
476 23 176 177 350 356 653 899 1,229 1,534
Net Income / (Loss) Continuing Operations
476 23 176 360 350 356 653 899 1,229 1,534
Total Pre-Tax Income
770 39 276 268 458 294 813 1,182 1,621 2,010
Total Operating Income
764 35 271 258 444 290 805 1,160 1,558 1,916
Total Gross Profit
1,174 498 756 3,264 3,738 4,052 1,707 2,062 2,586 3,018
Total Revenue
4,501 3,904 4,476 4,865 5,586 5,985 7,547 8,635 9,872 11,314
Operating Revenue
4,501 3,904 4,476 4,865 5,586 5,985 7,547 8,635 9,872 11,314
Total Cost of Revenue
3,327 3,406 3,720 1,601 1,848 1,933 5,840 6,573 7,286 8,296
Operating Cost of Revenue
3,327 3,406 3,720 1,601 1,848 1,933 5,840 6,573 7,286 8,296
Total Operating Expenses
411 464 485 3,006 3,294 3,762 902 902 1,028 1,101
Selling, General & Admin Expense
250 276 296 1,055 1,212 1,496 607 564 634 697
Depreciation Expense
130 146 163 202 213 239 255 287 319 335
Impairment Charge
13 24 13 67 23 31 19 21 38 27
Other Special Charges / (Income)
17 17 12 8.55 11 16 21 30 37 42
Total Other Income / (Expense), net
6.28 4.17 4.95 10 14 3.62 7.82 21 63 94
Other Income / (Expense), net
6.28 4.17 - 10 14 3.62 7.82 21 63 94
Income Tax Expense
294 16 99 92 108 -62 160 282 392 476
Basic Earnings per Share
$15.30 $0.78 $6.19 $6.35 $12.62 $12.74 $23.21 $0.65 $0.89 $1.12
Weighted Average Basic Shares Outstanding
31.09M 29.27M 28.49M 27.82M 27.74M 27.92M 28.13M 1.39B 1.38B 1.37B
Diluted Earnings per Share
$15.10 $0.77 $6.17 $6.31 $12.38 $12.52 $22.90 $0.64 $0.89 $1.11
Weighted Average Diluted Shares Outstanding
31.49M 29.77M 28.56M 27.96M 28.30M 28.42M 28.51M 1.40B 1.39B 1.38B
Weighted Average Basic & Diluted Shares Outstanding
28.77M 29.40M 28.50M 27.80M 27.77M 28.14M 28.03M 27.62M 27.42M 1.36B

Quarterly Income Statements for Chipotle Mexican Grill

This table shows Chipotle Mexican Grill's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
255 225 292 342 312 284 358 455 388 329
Consolidated Net Income / (Loss)
257 224 292 342 313 282 359 456 387 332
Net Income / (Loss) Continuing Operations
257 224 292 342 313 282 359 456 387 332
Total Pre-Tax Income
340 303 377 448 413 382 461 608 503 439
Total Operating Income
336 296 368 432 395 363 441 586 473 416
Total Gross Profit
563 -452 607 691 650 638 742 859 712 704
Total Revenue
2,220 2,181 2,369 2,515 2,472 2,516 2,702 2,973 2,794 2,845
Operating Revenue
2,220 2,181 2,369 2,515 2,472 2,516 2,702 2,973 2,794 2,845
Total Cost of Revenue
1,658 2,633 1,761 1,824 1,822 1,878 1,960 2,114 2,081 2,141
Operating Cost of Revenue
1,658 2,633 1,761 1,824 1,822 1,878 1,960 2,114 2,081 2,141
Total Operating Expenses
226 -748 239 259 255 275 301 273 239 289
Selling, General & Admin Expense
141 -196 148 156 160 169 205 175 127 191
Depreciation Expense
71 74 77 79 79 85 83 84 84 84
Impairment Charge
6.36 5.79 8.36 16 7.24 6.53 5.48 5.76 15 0.53
Other Special Charges / (Income)
7.62 11 6.20 7.54 9.61 14 7.21 9.00 13 13
Total Other Income / (Expense), net
3.71 7.06 8.95 16 18 19 19 22 29 23
Other Income / (Expense), net
3.71 7.06 8.95 16 18 19 19 22 29 23
Income Tax Expense
83 80 85 106 100 100 101 152 115 107
Basic Earnings per Share
$9.26 $0.16 $10.56 $0.25 $0.23 $0.21 $13.09 $0.33 $0.28 $0.24
Weighted Average Basic Shares Outstanding
27.77M 1.39B 27.62M 1.38B 1.38B 1.38B 27.44M 1.37B 1.37B 1.37B
Diluted Earnings per Share
$9.20 $0.16 $10.50 $0.25 $0.23 $0.21 $13.01 $0.33 $0.28 $0.24
Weighted Average Diluted Shares Outstanding
27.96M 1.40B 27.79M 1.39B 1.38B 1.39B 27.62M 1.38B 1.37B 1.38B
Basic & Diluted Earnings per Share
- $0.16 - - - $0.21 - - - $0.24
Weighted Average Basic & Diluted Shares Outstanding
27.72M 27.62M 27.59M 27.59M 27.44M 27.42M 27.47M 1.37B 1.36B 1.36B

Annual Cash Flow Statements for Chipotle Mexican Grill

This table details how cash moves in and out of Chipotle Mexican Grill's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-167 -154 98 66 228 127 210 -437 177 192
Net Cash From Operating Activities
758 355 468 622 722 664 1,282 1,323 1,783 2,105
Net Cash From Continuing Operating Activities
683 355 468 622 722 664 1,282 1,323 1,783 2,105
Net Income / (Loss) Continuing Operations
476 23 176 177 350 356 653 899 1,229 1,534
Consolidated Net Income / (Loss)
476 23 176 177 350 356 653 899 1,229 1,534
Depreciation Expense
130 146 163 202 213 239 255 287 319 335
Non-Cash Adjustments To Reconcile Net Income
105 131 87 156 139 172 240 162 225 267
Changes in Operating Assets and Liabilities, net
47 55 43 87 20 -102 134 -25 10 -31
Net Cash From Investing Activities
-464 327 -87 -388 -292 -433 -522 -830 -946 -838
Net Cash From Continuing Investing Activities
-464 327 -87 -388 -292 -433 -522 -830 -946 -838
Purchase of Property, Plant & Equipment
-257 -259 -217 -287 -334 -373 -442 -479 -561 -594
Purchase of Investments
-559 0.00 -200 -485 -449 -468 -429 -614 -1,115 -987
Sale of Property, Plant & Equipment
- - 0.00 0.00 14 0.00 4.04 0.00 0.00 20
Sale and/or Maturity of Investments
353 586 330 385 477 419 346 264 730 723
Net Cash From Financing Activities
-461 -836 -286 -167 -202 -105 -549 -929 -661 -1,074
Net Cash From Continuing Financing Activities
-461 -836 -286 -167 -202 -105 -549 -929 -661 -1,074
Repurchase of Common Equity
-461 -837 -285 -161 -191 -54 -466 -830 -592 -1,002
Issuance of Debt
- - 0.03 - - - -2.27 -0.29 - 2.09
Other Financing Activities, net
- -0.90 -0.70 -5.41 -10 -49 -80 -99 -69 -74
Other Net Changes in Cash
- 0.11 2.06 -1.46 0.41 - -1.04 -1.01 0.38 -1.64
Cash Income Taxes Paid
249 24 120 67 110 85 0.00 276 400 533

Quarterly Cash Flow Statements for Chipotle Mexican Grill

This table details how cash moves in and out of Chipotle Mexican Grill's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-154 11 26 95 98 -41 167 81 -108 52
Net Cash From Operating Activities
352 402 455 583 480 265 569 563 446 527
Net Cash From Continuing Operating Activities
352 402 455 583 480 265 569 563 446 527
Net Income / (Loss) Continuing Operations
257 224 292 342 313 282 359 456 387 332
Consolidated Net Income / (Loss)
257 224 292 342 313 282 359 456 387 332
Depreciation Expense
71 74 77 79 79 85 83 84 84 84
Non-Cash Adjustments To Reconcile Net Income
38 84 11 56 41 117 35 73 37 122
Changes in Operating Assets and Liabilities, net
-15 20 76 106 47 -219 92 -50 -62 -11
Net Cash From Investing Activities
-397 -184 -236 -392 -166 -152 -301 -336 -64 -136
Net Cash From Continuing Investing Activities
-397 -184 -236 -392 -166 -152 -301 -336 -64 -136
Purchase of Property, Plant & Equipment
-139 -144 -120 -137 -131 -172 -133 -140 -148 -173
Purchase of Investments
-319 -101 -215 -376 -255 -269 -367 -372 -90 -158
Sale and/or Maturity of Investments
60 61 100 121 220 289 198 176 174 175
Net Cash From Financing Activities
-108 -207 -194 -95 -216 -155 -100 -145 -490 -339
Net Cash From Continuing Financing Activities
-108 -207 -194 -95 -216 -155 -100 -145 -490 -339
Repurchase of Common Equity
-108 -200 -127 -95 -216 -155 -27 -145 -490 -339
Other Financing Activities, net
-0.47 -6.60 -67 -0.29 -1.14 -0.53 -73 -0.36 -0.34 -0.88
Other Net Changes in Cash
-0.68 0.16 0.29 -0.03 - - -0.75 -0.37 -0.37 -0.14
Cash Income Taxes Paid
88 48 -0.25 33 21 346 7.86 270 131 124

Annual Balance Sheets for Chipotle Mexican Grill

This table presents Chipotle Mexican Grill's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
2,725 2,026 2,046 2,266 5,105 5,983 6,653 6,928 8,044 9,204
Total Current Assets
815 522 630 815 1,072 1,420 1,382 1,176 1,621 1,781
Cash & Equivalents
248 88 185 250 481 608 815 384 561 749
Short-Term Investments
415 330 324 427 400 344 261 515 735 674
Accounts Receivable
38 40 40 62 81 105 100 107 116 144
Inventories, net
15 15 20 22 26 26 33 36 39 49
Prepaid Expenses
40 44 51 54 57 55 79 86 117 98
Current Deferred & Refundable Income Taxes
58 5.11 9.35 0.00 28 283 94 48 53 67
Plant, Property, & Equipment, net
1,217 1,304 1,338 1,379 1,459 1,584 1,769 1,951 2,170 2,390
Total Noncurrent Assets
693 200 78 71 2,574 2,978 3,502 3,801 4,254 5,034
Long-Term Investments
623 125 - - 0.00 102 274 388 564 868
Goodwill
22 22 22 22 22 22 22 22 22 22
Other Noncurrent Operating Assets
48 53 56 50 2,552 2,854 3,206 3,391 3,667 4,144
Total Liabilities & Shareholders' Equity
2,725 2,026 2,046 2,266 5,105 5,983 6,653 6,928 8,044 9,204
Total Liabilities
597 624 681 824 3,422 3,963 4,356 4,559 4,982 5,549
Total Current Liabilities
280 282 324 450 667 822 874 922 1,031 1,169
Accounts Payable
86 78 82 113 116 122 163 185 198 211
Accrued Expenses
129 127 96 148 156 165 173 148 148 180
Current Deferred Revenue
- - 64 70 95 128 156 183 210 239
Current Employee Benefit Liabilities
65 76 83 113 127 203 162 170 228 262
Other Current Liabilities
- - - 0.00 173 205 219 236 248 278
Total Noncurrent Liabilities
317 342 357 374 2,755 3,141 3,482 3,638 3,952 4,380
Noncurrent Deferred & Payable Income Tax Liabilities
32 19 0.81 12 38 149 142 99 89 46
Other Noncurrent Operating Liabilities
33 34 40 32 2,717 2,991 3,340 3,539 3,862 4,334
Commitments & Contingencies
- - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,128 1,402 1,364 1,441 1,683 2,020 2,297 2,368 3,062 3,656
Total Preferred & Common Equity
2,128 1,402 1,364 1,441 1,683 2,020 2,297 2,368 3,062 3,656
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
2,128 1,402 1,364 1,441 1,683 2,020 2,297 2,368 3,062 3,656
Common Stock
1,173 1,239 1,305 1,375 1,466 1,550 1,730 1,830 1,957 2,092
Retained Earnings
2,198 2,221 2,397 2,574 2,921 3,276 3,929 4,828 6,057 1,574
Treasury Stock
-1,235 -2,049 -2,334 -2,501 -2,699 -2,802 -3,356 -4,282 -4,945 0.00
Accumulated Other Comprehensive Income / (Loss)
-8.27 -8.16 -3.66 -6.24 -5.36 -4.23 -5.35 -7.89 -6.66 -10

Quarterly Balance Sheets for Chipotle Mexican Grill

This table presents Chipotle Mexican Grill's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
6,817 6,928 7,053 7,552 7,911 8,044 8,411 8,920 9,012 9,204
Total Current Assets
1,077 1,176 1,261 1,556 1,669 1,621 1,646 1,786 1,680 1,781
Cash & Equivalents
367 384 410 505 602 561 727 807 699 749
Short-Term Investments
417 515 653 851 852 735 692 683 669 674
Accounts Receivable
71 107 66 61 71 116 90 98 93 144
Inventories, net
34 36 35 36 40 39 38 36 50 49
Prepaid Expenses
76 86 98 103 104 117 98 92 88 98
Current Deferred & Refundable Income Taxes
112 48 0.00 0.00 0.00 53 0.00 72 82 67
Plant, Property, & Equipment, net
1,872 1,951 1,981 2,022 2,093 2,170 2,203 2,266 2,320 2,390
Total Noncurrent Assets
3,868 3,801 3,811 3,974 4,149 4,254 4,563 4,868 5,011 5,034
Long-Term Investments
443 388 368 431 473 564 777 973 892 868
Goodwill
22 22 22 22 22 22 22 22 22 22
Other Noncurrent Operating Assets
3,404 3,391 3,421 3,521 3,654 3,667 3,764 3,873 4,097 4,144
Total Liabilities & Shareholders' Equity
6,817 6,928 7,053 7,552 7,911 8,044 8,411 8,920 9,012 9,204
Total Liabilities
4,490 4,559 4,572 4,786 5,025 4,982 5,050 5,208 5,398 5,549
Total Current Liabilities
818 922 894 982 1,088 1,031 997 1,043 1,038 1,169
Accounts Payable
168 185 183 162 208 198 197 203 221 211
Accrued Expenses
156 148 160 141 151 148 172 170 181 180
Current Deferred Revenue
133 183 158 159 156 210 187 182 180 239
Current Employee Benefit Liabilities
128 170 116 177 155 228 142 223 184 262
Other Current Liabilities
232 236 239 244 245 248 254 264 271 278
Total Noncurrent Liabilities
3,672 3,638 3,678 3,803 3,937 3,952 4,053 4,165 4,360 4,380
Noncurrent Deferred & Payable Income Tax Liabilities
133 99 98 106 111 89 84 83 80 46
Other Noncurrent Operating Liabilities
3,539 3,539 3,579 3,697 3,826 3,862 3,968 4,082 4,280 4,334
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,327 2,368 2,482 2,767 2,886 3,062 3,361 3,712 3,614 3,656
Total Preferred & Common Equity
2,327 2,368 2,482 2,767 2,886 3,062 3,361 3,712 3,614 3,656
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
2,327 2,368 2,482 2,767 2,886 3,062 3,361 3,712 3,614 3,656
Common Stock
1,808 1,830 1,850 1,881 1,918 1,957 1,995 2,038 2,044 2,092
Retained Earnings
4,605 4,828 5,120 5,462 5,775 6,057 6,416 1,683 1,578 1,574
Treasury Stock
-4,077 -4,282 -4,481 -4,569 -4,799 -4,945 -5,042 0.00 0.00 0.00
Accumulated Other Comprehensive Income / (Loss)
-8.90 -7.89 -7.43 -6.95 -8.08 -6.66 -7.95 -8.51 -7.44 -10

Annual Metrics and Ratios for Chipotle Mexican Grill

This table displays calculated financial ratios and metrics derived from Chipotle Mexican Grill's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
9.57% -13.26% 14.65% 8.68% 14.83% 7.13% 26.11% 14.41% 14.33% 14.61%
EBITDA Growth
9.15% -79.44% 134.54% 8.36% 42.65% -20.68% 100.52% 37.56% 32.11% 20.90%
EBIT Growth
7.78% -94.97% 599.02% -0.87% 70.72% -35.90% 176.66% 45.37% 37.15% 24.05%
NOPAT Growth
6.44% -95.66% 745.67% -1.82% 99.62% 3.59% 84.04% 36.54% 33.77% 23.81%
Net Income Growth
6.79% -95.18% 668.39% 0.17% 98.33% 1.60% 83.54% 37.69% 36.66% 24.85%
EPS Growth
6.86% -94.90% 701.30% 2.27% 96.20% 1.13% 82.91% 37.69% 36.66% 24.72%
Operating Cash Flow Growth
11.10% -53.13% 31.83% 32.75% 16.10% -8.01% 93.13% 3.21% 34.79% 18.03%
Free Cash Flow Firm Growth
17.17% -99.34% 6,781.61% 47.13% 15.57% -37.84% 255.43% 12.43% 41.50% 22.68%
Invested Capital Growth
11.03% 2.13% -0.49% -10.63% 4.93% 20.44% -2.01% 14.16% 11.24% 13.50%
Revenue Q/Q Growth
-1.58% 0.96% 1.72% 2.42% 4.01% 2.88% 4.91% 2.61% 3.52% 3.00%
EBITDA Q/Q Growth
-7.56% -25.98% 8.19% 0.30% -6.00% 5.38% 5.55% 10.84% 4.89% 2.41%
EBIT Q/Q Growth
-9.20% -64.01% 12.22% -3.71% 18.91% 8.23% 6.53% 12.99% 5.12% 2.90%
NOPAT Q/Q Growth
-10.26% -71.28% 18.59% -7.29% 13.87% 51.19% -9.05% 11.66% 4.37% 3.25%
Net Income Q/Q Growth
-10.09% -69.35% 18.74% -6.25% 13.04% 49.97% -8.09% 11.16% 4.99% 3.35%
EPS Q/Q Growth
-9.90% -68.44% 20.51% -6.24% 12.96% 49.58% -9.27% 11.16% 4.99% 1.83%
Operating Cash Flow Q/Q Growth
-3.19% -5.39% 3.27% 6.91% 8.66% -9.72% 33.72% -2.71% -7.09% 14.17%
Free Cash Flow Firm Q/Q Growth
4.27% -95.46% 28.12% 1.49% 17.85% -37.65% 90.33% -5.18% -16.79% 27.30%
Invested Capital Q/Q Growth
3.08% 3.43% 1.99% -0.06% -0.60% 30.76% -13.93% -1.82% 25.36% 0.77%
Profitability Metrics
- - - - - - - - - -
Gross Margin
26.09% 12.76% 16.89% 67.10% 66.92% 67.70% 22.62% 23.88% 26.20% 26.67%
EBITDA Margin
20.00% 4.74% 9.70% 9.67% 12.01% 8.89% 14.14% 17.01% 19.65% 20.73%
Operating Margin
16.96% 0.89% 6.05% 5.31% 7.95% 4.85% 10.67% 13.44% 15.78% 16.94%
EBIT Margin
17.10% 0.99% 6.05% 5.52% 8.20% 4.91% 10.77% 13.68% 16.42% 17.77%
Profit (Net Income) Margin
10.57% 0.59% 3.94% 3.63% 6.27% 5.94% 8.65% 10.41% 12.45% 13.56%
Tax Burden Percent
61.78% 59.21% 63.92% 65.77% 76.41% 121.10% 80.34% 76.10% 75.82% 76.32%
Interest Burden Percent
100.00% 100.00% 101.83% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
38.22% 40.79% 36.08% 34.23% 23.59% -21.10% 19.66% 23.90% 24.18% 23.68%
Return on Invested Capital (ROIC)
58.96% 2.41% 20.18% 20.98% 43.30% 39.74% 67.61% 87.10% 103.47% 113.95%
ROIC Less NNEP Spread (ROIC-NNEP)
58.66% 2.14% 19.58% 19.86% 41.89% 39.29% 67.09% 85.88% 100.45% 110.50%
Return on Net Nonoperating Assets (RNNOA)
-35.99% -1.11% -7.44% -8.39% -20.89% -20.53% -37.36% -48.56% -58.22% -68.27%
Return on Equity (ROE)
22.97% 1.30% 12.74% 12.58% 22.41% 19.21% 30.25% 38.54% 45.26% 45.67%
Cash Return on Invested Capital (CROIC)
48.51% 0.30% 20.68% 32.21% 38.49% 21.20% 69.65% 73.88% 92.84% 101.30%
Operating Return on Assets (OROA)
29.32% 1.63% 13.30% 12.45% 12.44% 5.30% 12.86% 17.40% 21.65% 23.31%
Return on Assets (ROA)
18.11% 0.97% 8.66% 8.19% 9.50% 6.42% 10.34% 13.24% 16.41% 17.79%
Return on Common Equity (ROCE)
22.97% 1.30% 12.74% 12.58% 22.41% 19.21% 30.25% 38.54% 45.26% 45.67%
Return on Equity Simple (ROE_SIMPLE)
22.35% 1.64% 12.92% 12.25% 20.81% 17.61% 28.42% 37.97% 40.13% 41.97%
Net Operating Profit after Tax (NOPAT)
472 20 173 170 339 351 647 883 1,181 1,462
NOPAT Margin
10.48% 0.52% 3.87% 3.49% 6.07% 5.87% 8.57% 10.23% 11.97% 12.93%
Net Nonoperating Expense Percent (NNEP)
0.31% 0.27% 0.60% 1.12% 1.41% 0.45% 0.52% 1.22% 3.02% 3.45%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 37.29% 38.57% 40.01%
Cost of Revenue to Revenue
73.91% 87.24% 83.11% 32.90% 33.08% 32.30% 77.38% 76.12% 73.80% 73.33%
SG&A Expenses to Revenue
5.56% 7.08% 6.62% 21.70% 21.70% 25.00% 8.04% 6.53% 6.42% 6.16%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
9.12% 11.88% 10.84% 61.79% 58.97% 62.86% 11.95% 10.44% 10.42% 9.73%
Earnings before Interest and Taxes (EBIT)
770 39 271 268 458 294 813 1,182 1,621 2,010
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
900 185 434 470 671 532 1,067 1,468 1,940 2,345
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.03 7.79 5.98 8.32 13.82 19.21 21.41 16.24 20.50 22.48
Price to Tangible Book Value (P/TBV)
7.11 7.91 6.08 8.45 14.01 19.42 21.62 16.39 20.64 22.61
Price to Revenue (P/Rev)
3.32 2.80 1.82 2.47 4.17 6.48 6.52 4.45 6.36 7.26
Price to Earnings (P/E)
31.47 476.20 46.30 33.30 66.45 109.06 75.46 42.90 51.03 53.69
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
3.18% 0.21% 2.16% 3.00% 1.50% 0.92% 1.33% 2.33% 1.96% 1.86%
Enterprise Value to Invested Capital (EV/IC)
16.25 12.07 8.94 14.81 27.91 39.07 50.53 34.40 50.66 58.53
Enterprise Value to Revenue (EV/Rev)
3.04 2.66 1.71 2.33 4.01 6.31 6.34 4.31 6.17 7.06
Enterprise Value to EBITDA (EV/EBITDA)
15.20 56.08 17.62 24.07 33.36 70.91 44.82 25.32 31.40 34.06
Enterprise Value to EBIT (EV/EBIT)
17.77 267.96 28.25 42.18 48.85 128.49 58.86 31.46 37.58 39.73
Enterprise Value to NOPAT (EV/NOPAT)
29.00 507.16 44.20 66.62 66.00 107.42 73.97 42.10 51.56 54.62
Enterprise Value to Operating Cash Flow (EV/OCF)
18.05 29.23 16.34 18.21 31.02 56.86 37.31 28.10 34.15 37.94
Enterprise Value to Free Cash Flow (EV/FCFF)
35.25 4,028.55 43.15 43.40 74.25 201.40 71.81 49.64 57.47 61.44
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.61 -0.52 -0.38 -0.42 -0.50 -0.52 -0.56 -0.57 -0.58 -0.62
Leverage Ratio
1.27 1.35 1.47 1.54 2.36 2.99 2.93 2.91 2.76 2.57
Compound Leverage Factor
1.27 1.35 1.50 1.54 2.36 2.99 2.93 2.91 2.76 2.57
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
18.99 14.18 11.63 13.06 6.37 7.92 9.23 7.89 10.59 11.15
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.91 1.85 1.94 1.81 1.61 1.73 1.58 1.28 1.57 1.52
Quick Ratio
2.51 1.63 1.70 1.64 1.44 1.28 1.35 1.09 1.37 1.34
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
388 2.58 177 261 302 187 666 749 1,060 1,300
Operating Cash Flow to CapEx
294.37% 137.21% 215.99% 216.27% 225.55% 177.81% 292.42% 276.14% 318.06% 367.06%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.71 1.64 2.20 2.26 1.52 1.08 1.19 1.27 1.32 1.31
Accounts Receivable Turnover
123.12 99.18 110.66 94.68 78.21 64.68 73.95 83.64 88.77 87.20
Inventory Turnover
219.06 226.61 213.32 77.30 77.56 73.57 197.06 191.92 194.34 188.01
Fixed Asset Turnover
3.87 3.10 3.39 3.58 3.94 3.93 4.50 4.64 4.79 4.96
Accounts Payable Turnover
42.84 41.52 46.39 16.41 16.15 16.26 40.96 37.80 38.12 40.63
Days Sales Outstanding (DSO)
2.96 3.68 3.30 3.86 4.67 5.64 4.94 4.36 4.11 4.19
Days Inventory Outstanding (DIO)
1.67 1.61 1.71 4.72 4.71 4.96 1.85 1.90 1.88 1.94
Days Payable Outstanding (DPO)
8.52 8.79 7.87 22.24 22.60 22.45 8.91 9.66 9.57 8.98
Cash Conversion Cycle (CCC)
-3.89 -3.50 -2.86 -13.67 -13.23 -11.85 -2.12 -3.39 -3.58 -2.86
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
842 860 855 765 802 966 947 1,081 1,202 1,365
Invested Capital Turnover
5.63 4.59 5.22 6.01 7.13 6.77 7.89 8.52 8.65 8.82
Increase / (Decrease) in Invested Capital
84 18 -4.23 -91 38 164 -19 134 121 162
Enterprise Value (EV)
13,679 10,380 7,651 11,321 22,387 37,747 47,837 37,176 60,905 79,873
Market Capitalization
14,965 10,923 8,160 11,998 23,268 38,801 49,188 38,463 62,765 82,164
Book Value per Share
$68.23 $48.45 $48.33 $51.87 $60.55 $72.20 $81.65 $85.42 $111.58 $2.68
Tangible Book Value per Share
$67.53 $47.69 $47.55 $51.08 $59.76 $71.41 $80.87 $84.63 $110.78 $2.67
Total Capital
2,128 1,402 1,364 1,441 1,683 2,020 2,297 2,368 3,062 3,656
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-1,286 -543 -509 -677 -881 -1,054 -1,351 -1,287 -1,860 -2,291
Capital Expenditures (CapEx)
257 259 217 287 320 373 438 479 561 573
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-128 -177 -203 -312 -475 -354 -568 -645 -705 -811
Debt-free Net Working Capital (DFNWC)
535 241 306 365 406 598 508 254 590 612
Net Working Capital (NWC)
535 241 306 365 406 598 508 254 590 612
Net Nonoperating Expense (NNE)
-3.88 -2.47 -3.16 -6.62 -11 -4.38 -6.28 -16 -48 -72
Net Nonoperating Obligations (NNO)
-1,286 -543 -509 -677 -881 -1,054 -1,351 -1,287 -1,860 -2,291
Total Depreciation and Amortization (D&A)
130 146 163 202 213 239 255 287 319 335
Debt-free, Cash-free Net Working Capital to Revenue
-2.85% -4.54% -4.54% -6.41% -8.51% -5.91% -7.53% -7.47% -7.15% -7.17%
Debt-free Net Working Capital to Revenue
11.88% 6.16% 6.83% 7.50% 7.26% 9.99% 6.73% 2.94% 5.98% 5.41%
Net Working Capital to Revenue
11.88% 6.16% 6.83% 7.50% 7.26% 9.99% 6.73% 2.94% 5.98% 5.41%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.31 $0.02 $0.12 $0.13 $0.25 $0.25 $0.46 $0.65 $0.89 $1.12
Adjusted Weighted Average Basic Shares Outstanding
1.55B 1.46B 1.42B 1.39B 1.39B 1.40B 1.41B 1.39B 1.38B 1.37B
Adjusted Diluted Earnings per Share
$0.30 $0.02 $0.12 $0.13 $0.25 $0.25 $0.46 $0.64 $0.89 $1.11
Adjusted Weighted Average Diluted Shares Outstanding
1.57B 1.49B 1.43B 1.40B 1.41B 1.42B 1.43B 1.40B 1.39B 1.38B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.50B 1.44B 1.40B 1.38B 1.39B 1.41B 1.40B 1.38B 1.37B 1.36B
Normalized Net Operating Profit after Tax (NOPAT)
490 45 190 219 365 235 679 922 1,238 1,515
Normalized NOPAT Margin
10.89% 1.15% 4.23% 4.51% 6.54% 3.93% 9.00% 10.67% 12.54% 13.39%
Pre Tax Income Margin
17.10% 0.99% 6.16% 5.52% 8.20% 4.91% 10.77% 13.68% 16.42% 17.77%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
96.86% 3,647.92% 161.82% 91.16% 54.44% 15.29% 71.44% 92.33% 48.21% 65.29%

Quarterly Metrics and Ratios for Chipotle Mexican Grill

This table displays calculated financial ratios and metrics derived from Chipotle Mexican Grill's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
13.72% 11.22% 17.23% 13.62% 11.34% 15.40% 14.07% 18.22% 13.01% 13.07%
EBITDA Growth
35.88% 61.41% 73.17% 26.11% 19.57% 23.97% 20.03% 31.20% 19.32% 11.78%
EBIT Growth
41.92% 81.06% 98.18% 28.75% 21.58% 26.03% 22.33% 35.62% 21.59% 14.84%
NOPAT Growth
24.34% 73.30% 79.66% 30.63% 17.67% 22.70% 20.89% 33.42% 21.89% 17.15%
Net Income Growth
25.78% 67.62% 84.24% 31.49% 21.81% 26.08% 23.19% 33.32% 23.68% 17.61%
EPS Growth
28.13% 67.62% 87.84% 31.49% 21.81% 26.08% 23.90% 32.00% 21.74% 14.29%
Operating Cash Flow Growth
25.33% -8.40% 60.85% 103.12% 36.53% -33.90% 25.10% -3.42% -7.07% 98.44%
Free Cash Flow Firm Growth
261.92% -41.99% 25.47% 51.51% 74.07% 73.74% 29.37% -55.46% -106.88% 3.46%
Invested Capital Growth
0.09% 14.16% 11.27% -5.09% -12.88% 11.24% 10.81% 27.47% 41.20% 13.50%
Revenue Q/Q Growth
0.31% -1.78% 8.62% 6.17% -1.70% 1.80% 7.37% 10.04% -6.04% 1.85%
EBITDA Q/Q Growth
-1.56% -8.26% 20.07% 16.31% -6.67% -4.89% 16.26% 27.13% -15.12% -10.89%
EBIT Q/Q Growth
-2.36% -10.76% 24.12% 19.04% -7.79% -7.50% 20.48% 31.97% -17.33% -12.63%
NOPAT Q/Q Growth
0.91% -14.08% 30.29% 15.64% -9.10% -10.41% 28.36% 27.63% -16.96% -13.89%
Net Income Q/Q Growth
-1.08% -12.99% 30.36% 17.19% -8.36% -9.94% 27.37% 26.83% -14.99% -14.36%
EPS Q/Q Growth
-0.54% -12.99% 29.95% 17.19% -8.36% -9.94% 26.43% -97.46% -15.15% -14.29%
Operating Cash Flow Q/Q Growth
22.71% 14.11% 13.31% 28.01% -17.52% -44.75% 114.43% -1.17% -20.63% 17.98%
Free Cash Flow Firm Q/Q Growth
0.55% -66.68% 111.13% 114.18% 15.52% -66.74% 57.20% -26.27% -117.84% 600.42%
Invested Capital Q/Q Growth
6.60% -1.82% -2.75% -6.75% -2.15% 25.36% -3.13% 7.27% 8.39% 0.77%
Profitability Metrics
- - - - - - - - - -
Gross Margin
25.34% -20.73% 25.63% 27.47% 26.29% 25.37% 27.46% 28.91% 25.49% 24.75%
EBITDA Margin
18.53% 17.31% 19.13% 20.96% 19.90% 18.59% 20.13% 23.26% 21.01% 18.38%
Operating Margin
15.15% 13.59% 15.52% 17.17% 15.98% 14.44% 16.33% 19.71% 16.94% 14.61%
EBIT Margin
15.31% 13.91% 15.90% 17.82% 16.72% 15.19% 17.05% 20.45% 17.99% 15.43%
Profit (Net Income) Margin
11.58% 10.26% 12.31% 13.59% 12.67% 11.21% 13.30% 15.33% 13.87% 11.66%
Tax Burden Percent
75.64% 73.74% 77.45% 76.25% 75.78% 73.78% 77.99% 74.96% 77.08% 75.56%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
24.36% 26.26% 22.55% 23.75% 24.22% 26.22% 22.01% 25.04% 22.92% 24.44%
Return on Invested Capital (ROIC)
87.60% 85.35% 108.21% 120.78% 112.09% 92.15% 117.34% 141.34% 124.02% 97.32%
ROIC Less NNEP Spread (ROIC-NNEP)
87.37% 84.96% 107.68% 119.92% 111.21% 91.26% 116.51% 140.56% 122.94% 96.47%
Return on Net Nonoperating Assets (RNNOA)
-45.91% -48.04% -61.12% -70.87% -67.27% -52.89% -72.33% -92.19% -79.19% -59.61%
Return on Equity (ROE)
41.69% 37.32% 47.09% 49.91% 44.82% 39.26% 45.01% 49.14% 44.83% 37.71%
Cash Return on Invested Capital (CROIC)
71.78% 73.88% 90.51% 113.22% 123.65% 92.84% 101.75% 97.03% 88.30% 101.30%
Operating Return on Assets (OROA)
19.17% 17.69% 21.12% 23.48% 21.65% 20.04% 22.50% 26.47% 23.35% 20.24%
Return on Assets (ROA)
14.50% 13.05% 16.36% 17.90% 16.41% 14.78% 17.55% 19.84% 18.00% 15.30%
Return on Common Equity (ROCE)
41.69% 37.32% 47.09% 49.91% 44.82% 39.26% 45.01% 49.14% 44.83% 37.71%
Return on Equity Simple (ROE_SIMPLE)
34.75% 0.00% 41.60% 40.27% 40.55% 0.00% 38.57% 37.99% 41.08% 0.00%
Net Operating Profit after Tax (NOPAT)
254 219 285 329 299 268 344 439 365 314
NOPAT Margin
11.46% 10.02% 12.02% 13.09% 12.11% 10.66% 12.74% 14.78% 13.06% 11.04%
Net Nonoperating Expense Percent (NNEP)
0.23% 0.39% 0.53% 0.86% 0.88% 0.89% 0.83% 0.77% 1.08% 0.85%
Return On Investment Capital (ROIC_SIMPLE)
- 9.23% - - - 8.76% - - - 8.59%
Cost of Revenue to Revenue
74.66% 120.73% 74.37% 72.53% 73.71% 74.63% 72.54% 71.09% 74.51% 75.25%
SG&A Expenses to Revenue
6.35% -8.97% 6.26% 6.22% 6.45% 6.73% 7.57% 5.89% 4.53% 6.72%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
10.19% -34.32% 10.11% 10.30% 10.31% 10.92% 11.12% 9.19% 8.55% 10.14%
Earnings before Interest and Taxes (EBIT)
340 303 377 448 413 382 461 608 503 439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
411 377 453 527 492 468 544 691 587 523
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
17.93 16.24 19.01 21.33 17.51 20.50 23.73 23.18 21.83 22.48
Price to Tangible Book Value (P/TBV)
18.10 16.39 19.18 21.50 17.64 20.64 23.89 23.32 21.97 22.61
Price to Revenue (P/Rev)
4.96 4.45 5.25 6.36 5.30 6.36 7.82 8.07 7.18 7.26
Price to Earnings (P/E)
51.90 42.90 45.80 52.97 43.14 51.03 61.56 61.08 53.13 53.69
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.93% 2.33% 2.18% 1.89% 2.32% 1.96% 1.62% 1.64% 1.88% 1.86%
Enterprise Value to Invested Capital (EV/IC)
36.79 34.40 43.53 58.39 50.68 50.66 66.61 66.90 56.60 58.53
Enterprise Value to Revenue (EV/Rev)
4.81 4.31 5.09 6.16 5.10 6.17 7.60 7.84 6.98 7.06
Enterprise Value to EBITDA (EV/EBITDA)
30.57 25.32 27.57 32.35 26.28 31.40 38.20 38.07 33.47 34.06
Enterprise Value to EBIT (EV/EBIT)
38.73 31.46 33.45 38.98 31.53 37.58 45.51 44.83 39.24 39.73
Enterprise Value to NOPAT (EV/NOPAT)
51.21 42.10 45.32 52.65 42.95 51.56 62.52 61.87 54.11 54.62
Enterprise Value to Operating Cash Flow (EV/OCF)
29.78 28.10 30.60 31.95 25.32 34.15 40.88 44.51 41.57 37.94
Enterprise Value to Free Cash Flow (EV/FCFF)
51.27 49.64 50.66 50.23 38.17 57.47 68.82 77.27 75.05 61.44
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.53 -0.57 -0.57 -0.59 -0.60 -0.58 -0.62 -0.66 -0.64 -0.62
Leverage Ratio
2.90 2.91 2.93 2.86 2.83 2.76 2.65 2.54 2.60 2.57
Compound Leverage Factor
2.90 2.91 2.93 2.86 2.83 2.76 2.65 2.54 2.60 2.57
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
7.97 7.47 8.72 9.93 8.52 10.08 12.03 11.70 10.50 10.59
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.32 1.28 1.41 1.58 1.53 1.57 1.65 1.71 1.62 1.52
Quick Ratio
1.05 1.09 1.26 1.44 1.40 1.37 1.51 1.52 1.41 1.34
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
253 84 178 382 441 147 231 170 -30 152
Operating Cash Flow to CapEx
253.14% 279.56% 378.03% 424.47% 366.21% 154.40% 428.95% 400.44% 302.66% 304.69%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.25 1.27 1.33 1.32 1.29 1.32 1.32 1.29 1.30 1.31
Accounts Receivable Turnover
114.19 83.64 115.78 128.39 133.93 88.77 131.08 134.53 133.70 87.20
Inventory Turnover
260.16 191.92 239.16 240.63 217.51 194.34 206.33 217.26 178.46 188.01
Fixed Asset Turnover
4.69 4.64 4.78 4.84 4.81 4.79 4.88 4.97 4.98 4.96
Accounts Payable Turnover
47.66 37.80 43.85 49.13 42.84 38.12 39.44 42.54 37.46 40.63
Days Sales Outstanding (DSO)
3.20 4.36 3.15 2.84 2.73 4.11 2.78 2.71 2.73 4.19
Days Inventory Outstanding (DIO)
1.40 1.90 1.53 1.52 1.68 1.88 1.77 1.68 2.05 1.94
Days Payable Outstanding (DPO)
7.66 9.66 8.32 7.43 8.52 9.57 9.25 8.58 9.74 8.98
Cash Conversion Cycle (CCC)
-3.06 -3.39 -3.65 -3.07 -4.12 -3.58 -4.70 -4.19 -4.97 -2.86
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,101 1,081 1,051 980 959 1,202 1,165 1,249 1,354 1,365
Invested Capital Turnover
7.65 8.52 9.00 9.23 9.26 8.65 9.21 9.57 9.50 8.82
Increase / (Decrease) in Invested Capital
0.94 134 106 -53 -142 121 114 269 395 162
Enterprise Value (EV)
40,497 37,176 45,756 57,228 48,609 60,905 77,579 83,578 76,649 79,873
Market Capitalization
41,724 38,463 47,186 59,015 50,536 62,765 79,775 86,040 78,909 82,164
Book Value per Share
$83.83 $85.42 $89.85 $100.29 $104.62 $111.58 $122.48 $135.14 $2.64 $2.68
Tangible Book Value per Share
$83.04 $84.63 $89.05 $99.49 $103.83 $110.78 $121.68 $134.34 $2.62 $2.67
Total Capital
2,327 2,368 2,482 2,767 2,886 3,062 3,361 3,712 3,614 3,656
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-1,227 -1,287 -1,431 -1,787 -1,927 -1,860 -2,197 -2,462 -2,260 -2,291
Capital Expenditures (CapEx)
139 144 120 137 131 172 133 140 148 173
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-524 -645 -695 -782 -872 -705 -771 -747 -725 -811
Debt-free Net Working Capital (DFNWC)
260 254 367 574 582 590 648 743 642 612
Net Working Capital (NWC)
260 254 367 574 582 590 648 743 642 612
Net Nonoperating Expense (NNE)
-2.81 -5.20 -6.93 -13 -14 -14 -15 -16 -23 -18
Net Nonoperating Obligations (NNO)
-1,227 -1,287 -1,431 -1,787 -1,927 -1,860 -2,197 -2,462 -2,260 -2,291
Total Depreciation and Amortization (D&A)
71 74 77 79 79 85 83 84 84 84
Debt-free, Cash-free Net Working Capital to Revenue
-6.23% -7.47% -7.74% -8.42% -9.15% -7.15% -7.56% -7.00% -6.60% -7.17%
Debt-free Net Working Capital to Revenue
3.08% 2.94% 4.09% 6.18% 6.10% 5.98% 6.35% 6.97% 5.85% 5.41%
Net Working Capital to Revenue
3.08% 2.94% 4.09% 6.18% 6.10% 5.98% 6.35% 6.97% 5.85% 5.41%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.19 $0.00 $0.21 $0.25 $0.23 $0.00 $0.26 $0.33 $0.28 $0.24
Adjusted Weighted Average Basic Shares Outstanding
1.39B 69.63B 1.38B 1.38B 1.38B 68.89B 1.37B 1.37B 1.37B 1.37B
Adjusted Diluted Earnings per Share
$0.18 $0.00 $0.21 $0.25 $0.23 $0.00 $0.26 $0.33 $0.28 $0.24
Adjusted Weighted Average Diluted Shares Outstanding
1.40B 70.15B 1.39B 1.39B 1.38B 69.28B 1.38B 1.38B 1.37B 1.38B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.24
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.39B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B 1.37B 1.36B 1.36B
Normalized Net Operating Profit after Tax (NOPAT)
265 231 296 347 312 283 354 450 386 324
Normalized NOPAT Margin
11.93% 10.60% 12.50% 13.81% 12.62% 11.25% 13.11% 15.15% 13.83% 11.40%
Pre Tax Income Margin
15.31% 13.91% 15.90% 17.82% 16.72% 15.19% 17.05% 20.45% 17.99% 15.43%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
98.35% 92.33% 67.17% 47.56% 54.48% 48.21% 38.00% 38.50% 55.08% 65.29%

Frequently Asked Questions About Chipotle Mexican Grill's Financials

When does Chipotle Mexican Grill's financial year end?

According to the most recent income statement we have on file, Chipotle Mexican Grill's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Chipotle Mexican Grill's net income changed over the last 9 years?

Chipotle Mexican Grill's net income appears to be on an upward trend, with a most recent value of $1.53 billion in 2024, rising from $475.60 million in 2015. The previous period was $1.23 billion in 2023.

What is Chipotle Mexican Grill's operating income?
Chipotle Mexican Grill's total operating income in 2024 was $1.92 billion, based on the following breakdown:
  • Total Gross Profit: $3.02 billion
  • Total Operating Expenses: $1.10 billion
How has Chipotle Mexican Grill revenue changed over the last 9 years?

Over the last 9 years, Chipotle Mexican Grill's total revenue changed from $4.50 billion in 2015 to $11.31 billion in 2024, a change of 151.4%.

How much debt does Chipotle Mexican Grill have?

Chipotle Mexican Grill's total liabilities were at $5.55 billion at the end of 2024, a 11.4% increase from 2023, and a 829.3% increase since 2015.

How much cash does Chipotle Mexican Grill have?

In the past 9 years, Chipotle Mexican Grill's cash and equivalents has ranged from $87.88 million in 2016 to $815.37 million in 2021, and is currently $748.54 million as of their latest financial filing in 2024.

How has Chipotle Mexican Grill's book value per share changed over the last 9 years?

Over the last 9 years, Chipotle Mexican Grill's book value per share changed from 68.23 in 2015 to 2.68 in 2024, a change of -96.1%.



This page (NYSE:CMG) was last updated on 4/26/2025 by MarketBeat.com Staff
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