CMG (Chipotle Mexican Grill, Inc.) Stock Financials & Earnings | Market Cap Arena

CMG (Chipotle Mexican Grill, Inc.) Stock Financials & Earnings | Market Cap Arena

CMGChipotle Mexican Grill, Inc.

Mkt Cap$46B

Consumer Cyclical·Restaurants·🇺🇸 United States·NYSE

Revenue (TTM)$11.9B

Net Income (TTM)$1.5B

EPS (TTM)$1.14

Free Cash Flow (TTM)$1.4B

Gross Margin24.6%

Op. Margin16.4%

Net Margin12.9%

FCF Margin12.1%

P/S Ratio (TTM)3.9x

P/E Ratio (TTM)30.1x

YoY Rev Growth+5.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.4B	$607M	$368M
Q2 23	$2.5B	$691M	$432M
Q3 23	$2.5B	$650M	$395M
Q4 23	$2.5B	$638M	$363M
Q1 24	$2.7B	$742M	$441M
Q2 24	$3.0B	$859M	$586M
Q3 24	$2.8B	$712M	$473M
Q4 24	$2.8B	$704M	$416M
Q1 25	$2.9B	$754M	$479M
Q2 25	$3.1B	$838M	$559M
Q3 25	$3.0B	$736M	$477M
Q4 25	$3.0B	$606M	$441M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.1x	44.7x
Q2 23	5.0x	41.4x
Q3 23	4.8x	39.5x
Q4 23	4.7x	37.6x
Q1 24	4.5x	35.6x
Q2 24	4.3x	32.7x
Q3 24	4.2x	31.1x
Q4 24	4.1x	30.1x
Q1 25	4.0x	29.6x
Q2 25	4.0x	29.9x
Q3 25	3.9x	30.0x
Q4 25	3.9x	30.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$455M	$335M
Q2 23	$583M	$445M
Q3 23	$480M	$349M
Q4 23	$265M	$94M
Q1 24	$569M	$437M
Q2 24	$563M	$422M
Q3 24	$446M	$299M
Q4 24	$527M	$354M
Q1 25	$557M	$412M
Q2 25	$561M	$401M
Q3 25	$570M	$406M
Q4 25	$426M	$228M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$120M
Q2 23	$137M
Q3 23	$131M
Q4 23	$172M
Q1 24	$133M
Q2 24	$140M
Q3 24	$148M
Q4 24	$173M
Q1 25	$145M
Q2 25	$161M
Q3 25	$163M
Q4 25	$197M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+17.2%	+9.3%
Q2 23	+13.6%	+11.0%
Q3 23	+11.3%	+10.2%
Q4 23	+15.4%	+14.3%
Q1 24	+14.1%	+13.0%
Q2 24	+18.2%	+14.6%
Q3 24	+13.0%	+11.7%
Q4 24	+13.1%	+12.9%
Q1 25	+6.4%	+6.0%
Q2 25	+3.0%	+4.9%
Q3 25	+7.5%	+8.9%
Q4 25	+4.9%	+4.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$20M	0.8%
Q2 23	$31M	1.2%
Q3 23	$36M	1.4%
Q4 23	$37M	1.5%
Q1 24	$36M	1.3%
Q2 24	$45M	1.5%
Q3 24	$5M	0.2%
Q4 24	$46M	1.6%
Q1 25	$38M	1.3%
Q2 25	$38M	1.2%
Q3 25	$19M	0.6%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$148M	—
Q2 23	$156M	—
Q3 23	$160M	—
Q4 23	$169M	—
Q1 24	$205M	—
Q2 24	$175M	—
Q3 24	$127M	—
Q4 24	$191M	—
Q1 25	$173M	—
Q2 25	$172M	—
Q3 25	$147M	—
Q4 25	—	$165M

Revenue Segments

Quarter	Delivery Service	Food and Beverage
Q1 23	$18M	$2.4B
Q2 23	$17M	$2.5B
Q3 23	$16M	$2.5B
Q4 23	$17M	$2.5B
Q1 24	$17M	$2.7B
Q2 24	$18M	$3.0B
Q3 24	$16M	$2.8B
Q4 24	$15M	$2.8B
Q1 25	$15M	$2.9B
Q2 25	$16M	$3.0B
Q3 25	$14M	$3.0B
Q4 25	$14M	$3.0B

Revenue by Geography

Quarter	U. S. Segment
Q1 25	$2.8B
Q2 25	$3.0B
Q3 25	$2.9B
Q4 25	$2.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$410M	$653M	$1.1B
Q2 23	$505M	$851M	$1.4B
Q3 23	$602M	$852M	$1.5B
Q4 23	$561M	$735M	$1.3B
Q1 24	$727M	$692M	$1.4B
Q2 24	$807M	$683M	$1.5B
Q3 24	$699M	$669M	$1.4B
Q4 24	$749M	$674M	$1.4B
Q1 25	$726M	$689M	$1.4B
Q2 25	$845M	$702M	$1.5B
Q3 25	$699M	$723M	$1.4B
Q4 25	$351M	$699M	$1.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.39B	-0.4%
Q2 23	1.39B	-0.1%
Q3 23	1.38B	-0.2%
Q4 23	1.38B	-0.2%
Q1 24	1.38B	+0.0%
Q2 24	1.38B	+0.0%
Q3 24	1.37B	-0.5%
Q4 24	1.37B	-0.4%
Q1 25	1.36B	-0.6%
Q2 25	1.35B	-0.8%
Q3 25	1.34B	-0.8%
Q4 25	1.32B	-1.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$77K	53K
FY 15	$76K	59K
FY 16	$60K	65K
FY 17	$65K	69K
FY 18	$67K	73K
FY 19	$67K	83K
FY 20	$70K	85K
FY 21	$77K	98K
FY 22	$82K	105K
FY 23	$85K	116K
FY 24	$87K	131K
FY 25	$92K	130K