Chipotle Mexican Grill (CMG) 10-K Summaries & Annual Filing History
Review Chipotle Mexican Grill, Inc. (CMG) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Chipotle Mexican Grill reported its annual results for the latest fiscal year. The company's revenue grew, and it generated positive operating income and net income.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$11.9B
Revenue reported for the fiscal year.
Operating income
$1.9B
Income from operations reported for the year.
Net income
$1.5B
Net income reported for the year.
Operating cash flow
$2.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $8.6B | +14.4% |
| Dec 31, 2023 | $9.9B | +14.3% |
| Dec 31, 2024 | $11.3B | +14.6% |
| Dec 31, 2025 | $11.9B | +5.4% |
Business overview
Chipotle Mexican Grill operates a chain of fast-casual restaurants. The filing's business overview section outlines the company's operations, though the specific details are not provided in the supplied context.
Financial performance
Revenue increased compared to the prior year. The company reported operating income and net income. Operating cash flow was also positive.
Material risks
The filing includes a risk factors section, but the supplied context does not contain specific risk descriptions. Therefore, no material risks can be identified from the given data.
Liquidity and capital
The company has a substantial cash and investment balance and an undrawn revolving credit facility. It plans to use cash flow for new restaurant construction, share repurchases, and general corporate purposes.
What to watch
In the next filing, watch for changes in comparable restaurant sales and the pace of new restaurant openings.