Chipotle Mexican Grill, Inc. (CMG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.09B | 2.98B | 3B | 3.06B | 2.88B | 2.85B | 2.79B | 2.97B | 2.7B | 2.52B | 2.47B | 2.51B | 2.37B | 2.18B | 2.22B | 2.21B | 2.02B | 1.96B | 1.95B | 1.89B |
| Revenue Growth % | 7.41% | 4.86% | 7.51% | 3.04% | 6.42% | 13.07% | 13.01% | 18.22% | 14.07% | 15.4% | 11.34% | 13.62% | 17.23% | 11.22% | 13.72% | 16.95% | 16.02% | 21.95% | 21.91% | 38.67% |
| Cost of Goods Sold | 975.29M | 2.28B | 2.27B | 2.23B | 2.12B | 2.14B | 2.08B | 2.11B | 1.96B | 1.88B | 1.82B | 1.82B | 1.76B | 1.66B | 1.66B | 1.66B | 1.6B | 1.56B | 1.49B | 1.43B |
| COGS % of Revenue | 31.58% | 76.58% | 75.51% | 72.64% | 73.79% | 75.25% | 74.51% | 71.09% | 72.54% | 74.63% | 73.71% | 72.53% | 74.37% | 76.04% | 74.66% | 74.79% | 79.27% | 79.8% | 76.47% | 75.54% |
| Gross Profit | 2.11B | 698.77M | 735.58M | 838.23M | 753.62M | 704.26M | 712.18M | 859.4M | 741.85M | 638.3M | 649.84M | 690.86M | 607.09M | 522.54M | 562.55M | 558.09M | 418.95M | 396.02M | 459.35M | 462.88M |
| Gross Margin % | 68.42% | 23.42% | 24.49% | 27.36% | 26.21% | 24.75% | 25.49% | 28.91% | 27.46% | 25.37% | 26.29% | 27.47% | 25.63% | 23.96% | 25.34% | 25.21% | 20.73% | 20.2% | 23.53% | 24.46% |
| Gross Profit Growth % | 180.37% | -0.78% | 3.29% | -2.46% | 1.59% | 10.33% | 9.59% | 24.4% | 22.2% | 22.15% | 15.52% | 23.79% | 44.91% | 31.95% | 22.46% | 20.57% | 7.77% | 26.43% | 47.12% | 177.57% |
| Operating Expenses | 1.72B | 253.04M | 237.27M | 263.1M | 259.99M | 288.53M | 238.93M | 273.35M | 300.56M | 274.86M | 254.89M | 259.05M | 239.48M | 226.21M | 226.29M | 220.49M | 228.72M | 237.72M | 219.67M | 217.36M |
| OpEx % of Revenue | 55.56% | 8.48% | 7.9% | 8.59% | 9.04% | 10.14% | 8.55% | 9.19% | 11.12% | 10.92% | 10.31% | 10.3% | 10.11% | 10.37% | 10.19% | 9.96% | 11.32% | 12.12% | 11.25% | 11.48% |
| Selling, General & Admin | 203.72M | 160.34M | 146.74M | 172.15M | 172.78M | 191.22M | 126.61M | 175.03M | 204.63M | 169.25M | 159.5M | 156.5M | 148.34M | 135.07M | 140.9M | 140.82M | 147.4M | 159.78M | 145.93M | 146.04M |
| SG&A % of Revenue | 6.6% | 5.37% | 4.89% | 5.62% | 6.01% | 6.72% | 4.53% | 5.89% | 7.57% | 6.73% | 6.45% | 6.22% | 6.26% | 6.19% | 6.35% | 6.36% | 7.3% | 8.15% | 7.47% | 7.72% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 397.06M | 445.73M | 498.32M | 575.13M | 493.63M | 415.73M | 473.26M | 586.05M | 441.29M | 363.45M | 394.95M | 431.81M | 367.61M | 296.33M | 336.25M | 337.6M | 190.22M | 158.3M | 239.68M | 245.53M |
| Operating Margin % | 12.86% | 14.94% | 16.59% | 18.77% | 17.17% | 14.61% | 16.94% | 19.71% | 16.33% | 14.44% | 15.98% | 17.17% | 15.52% | 13.59% | 15.15% | 15.25% | 9.41% | 8.07% | 12.28% | 12.97% |
| Operating Income Growth % | -19.56% | 7.22% | 5.3% | -1.86% | 11.86% | 14.39% | 19.83% | 35.72% | 20.04% | 22.65% | 17.46% | 27.91% | 93.25% | 87.2% | 40.29% | 37.5% | 17.83% | 35.43% | 123.8% | 5071.15% |
| EBITDA | 493.78M | 538.43M | 588.84M | 666.08M | 580.84M | 499.61M | 557.61M | 669.62M | 524.53M | 448.94M | 473.5M | 510.58M | 444.19M | 370.34M | 407.67M | 407.33M | 261.89M | 224.56M | 302.87M | 307.61M |
| EBITDA Margin % | 15.99% | 18.05% | 19.61% | 21.74% | 20.2% | 17.56% | 19.96% | 22.52% | 19.41% | 17.84% | 19.15% | 20.3% | 18.75% | 16.98% | 18.36% | 18.4% | 12.96% | 11.45% | 15.51% | 16.25% |
| EBITDA Growth % | -14.99% | 7.77% | 5.6% | -0.53% | 10.73% | 11.29% | 17.76% | 31.15% | 18.09% | 21.22% | 16.15% | 25.35% | 69.61% | 64.92% | 34.6% | 32.42% | 16.62% | -0.34% | 81.06% | 206.8% |
| D&A (Non-Cash Add-back) | 96.72M | 92.7M | 90.52M | 90.94M | 87.21M | 83.88M | 84.35M | 83.56M | 83.24M | 85.49M | 78.55M | 78.77M | 76.58M | 74.01M | 71.42M | 69.73M | 71.67M | 66.26M | 63.19M | 62.08M |
| EBIT | 397.06M | 445.73M | 498.32M | 575.13M | 493.63M | 429.17M | 501.22M | 600.81M | 453.98M | 383.56M | 411.8M | 455.59M | 382.17M | 313.46M | 350.23M | 347.53M | 199.88M | 198.85M | 250.23M | 254.76M |
| Net Interest Income | 0 | 13.32M | 19.79M | 18.36M | 22.25M | 23.36M | 29.31M | 21.86M | 19.36M | 18.91M | 18.39M | 16.45M | 8.95M | 7.06M | 3.71M | -10.57M | -213K | 9.26M | -126K | 851K |
| Interest Income | 0 | 13.32M | 19.79M | 18.36M | 22.25M | 23.36M | 29.31M | 21.86M | 19.36M | 18.91M | 18.39M | 16.45M | 8.95M | -7.01M | 3.71M | 0 | -213K | 9.26M | 0 | 851K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14.07M | 0 | 10.57M | 0 | 0 | 126K | 0 |
| Other Income/Expense | 8.74M | -12.09M | -1.36M | 2.28M | 7.88M | 23.36M | 29.31M | 21.86M | 19.36M | 18.91M | 18.39M | 16.45M | 8.95M | 7.06M | 3.71M | 10.57M | -213K | 9.26M | -126K | 851K |
| Pretax Income | 405.81M | 433.64M | 496.96M | 577.41M | 501.5M | 439.1M | 502.56M | 607.91M | 460.66M | 382.35M | 413.34M | 448.26M | 376.56M | 303.39M | 339.96M | 348.17M | 190.01M | 167.56M | 239.55M | 246.38M |
| Pretax Margin % | 13.14% | 14.53% | 16.55% | 18.85% | 17.44% | 15.43% | 17.99% | 20.45% | 17.05% | 15.19% | 16.72% | 17.82% | 15.9% | 13.91% | 15.31% | 15.73% | 9.4% | 8.55% | 12.27% | 13.02% |
| Income Tax | 102.98M | 102.71M | 114.86M | 141.28M | 114.9M | 107.33M | 115.17M | 152.24M | 101.37M | 100.27M | 100.13M | 106.47M | 84.91M | 79.66M | 82.83M | 88.23M | 31.71M | 34.08M | 35.12M | 58.4M |
| Effective Tax Rate % | 25.38% | 23.69% | 23.11% | 24.47% | 22.91% | 24.44% | 22.92% | 25.04% | 22.01% | 26.22% | 24.22% | 23.75% | 22.55% | 26.26% | 24.36% | 25.34% | 16.69% | 20.34% | 14.66% | 23.7% |
| Net Income | 302.82M | 330.93M | 382.1M | 436.13M | 386.6M | 331.76M | 387.39M | 455.67M | 359.29M | 282.09M | 313.22M | 341.79M | 291.64M | 223.73M | 257.14M | 259.94M | 158.29M | 133.47M | 204.43M | 187.97M |
| Net Margin % | 9.81% | 11.09% | 12.72% | 14.24% | 13.45% | 11.66% | 13.87% | 15.33% | 13.3% | 11.21% | 12.67% | 13.59% | 12.31% | 10.26% | 11.58% | 11.74% | 7.83% | 6.81% | 10.47% | 9.93% |
| Net Income Growth % | -21.67% | -0.25% | -1.36% | -4.29% | 7.6% | 17.61% | 23.68% | 33.32% | 23.19% | 26.08% | 21.81% | 31.49% | 84.24% | 67.62% | 25.78% | 38.29% | 24.54% | -30.1% | 154.77% | 2199.38% |
| Net Income (Continuing) | 302.82M | 330.93M | 382.1M | 436.13M | 386.6M | 331.76M | 387.39M | 455.67M | 359.29M | 282.09M | 313.22M | 341.79M | 291.64M | 223.73M | 257.14M | 259.94M | 158.29M | 133.47M | 204.43M | 187.97M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.23 | 0.25 | 0.29 | 0.32 | 0.28 | 0.24 | 0.28 | 0.33 | 0.26 | 0.20 | 0.23 | 0.25 | 0.21 | 0.16 | 0.18 | 0.19 | 0.11 | 0.09 | 0.14 | 0.13 |
| EPS Growth % | -17.86% | 4.17% | 3.57% | -3.03% | 7.69% | 20% | 21.74% | 32% | 23.81% | 25% | 27.78% | 31.58% | 90.91% | 70.58% | 28.57% | 46.15% | 23.6% | -27.85% | 148.23% | - |
| EPS (Basic) | 0.23 | 0.25 | 0.29 | 0.32 | 0.29 | 0.24 | 0.28 | 0.33 | 0.26 | 0.21 | 0.23 | 0.25 | 0.21 | 0.16 | 0.19 | 0.19 | 0.11 | 0.09 | 0.15 | 0.13 |
| Diluted Shares Outstanding | 1.3B | 1.32B | 1.34B | 1.35B | 1.36B | 1.37B | 1.37B | 1.38B | 1.38B | 1.38B | 1.38B | 1.39B | 1.39B | 1.39B | 1.4B | 1.4B | 1.42B | 1.42B | 1.42B | 1.43B |
| Basic Shares Outstanding | 1.3B | 1.31B | 1.33B | 1.34B | 1.35B | 1.36B | 1.37B | 1.37B | 1.37B | 1.37B | 1.38B | 1.38B | 1.39B | 1.38B | 1.39B | 1.4B | 1.4B | 1.41B | 1.41B | 1.41B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |