CMGCHIPOTLE MEXICAN GRILL INC
Retail-Eating Places
- Revenue
- $11.9B
- 5.4% YoY
- Operating margin
- 16.2%
- 4.2% YoY
- EBITDA
- $2.3B
- 2.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.3×
- −$634M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear138% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired115% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.5B | $8.6B | $9.9B | $11.3B | $11.9B | 5.4% |
| Operating income | $805M | $1.2B | $1.6B | $1.9B | $1.9B | 1.0% |
| Net income | $653M | $899M | $1.2B | $1.5B | $1.5B | 0.1% |
| Operating cash flow | $1.3B | $1.3B | $1.8B | $2.1B | $2.1B | 0.4% |
| Capex | $442M | $479M | $561M | $594M | $666M | 12% |
| Stock-based comp | $176M | $98M | $124M | $132M | $120M | 9.3% |
| Buybacks | $466M | $830M | $592M | $1.0B | $2.4B | 142% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $123K · 1
- Net
- −$123K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 133 | 124 |
| FY2024 | — | — | 217 | 126 |
| FY2023 | — | — | 165 | 123 |
| FY2022 | — | — | 100 | 109 |
| FY2021 | — | — | 126 | 121 |