CHIPOTLE MEXICAN GRILL INC
For the period ended Dec 31, 2025. Filed Feb 4, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 4, 2026
CMG$35.92+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income and Comprehensive Income
(in thousands, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Food and beverage revenue | $11,866,051 | $11,247,384 | $9,804,124 |
| Delivery service revenue | 59,550 | 66,469 | 67,525 |
| Total revenue | 11,925,601 | 11,313,853 | 9,871,649 |
| Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | |||
| Food, beverage and packaging | 3,526,992 | 3,374,516 | 2,912,564 |
| Labor | 2,991,680 | 2,789,789 | 2,440,982 |
| Occupancy | 624,898 | 563,374 | 503,264 |
| Other operating costs | 1,755,824 | 1,568,482 | 1,428,747 |
| General and administrative expenses | 652,017 | 697,483 | 633,584 |
| Depreciation and amortization | 361,382 | 335,030 | 319,394 |
| Pre-opening costs | 49,507 | 41,897 | 36,931 |
| Impairment, closure costs, and asset disposals | 27,503 | 26,949 | 38,370 |
| Total operating expenses | 9,989,803 | 9,397,520 | 8,313,836 |
| Income from operations | 1,935,798 | 1,916,333 | 1,557,813 |
| Interest and other income, net | 73,721 | 93,897 | 62,693 |
| Income before income taxes | 2,009,519 | 2,010,230 | 1,620,506 |
| Provision for income taxes | 473,758 | 476,120 | 391,769 |
| Net income | $1,535,761 | $1,534,110 | $1,228,737 |
| Earnings per share: | |||
| Basic | $1.15 | $1.12 | $0.89 |
| Diluted | $1.14 | $1.11 | $0.89 |
| Weighted-average common shares outstanding: | |||
| Basic | 1,337,336 | 1,368,343 | 1,377,768 |
| Diluted | 1,342,616 | 1,376,555 | 1,385,500 |
| Other comprehensive income/(loss), net of income taxes: | |||
| Foreign currency translation adjustments | $2,993 | $(3,625) | 1,231 |
| Comprehensive income | $1,538,754 | $1,530,485 | $1,229,968 |
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