Chipotle Mexican Grill Inc
NYSE:CMG
Income Statement
Earnings Waterfall
Chipotle Mexican Grill Inc
Revenue
|
9.9B
USD
|
Cost of Revenue
|
-6.5B
USD
|
Gross Profit
|
3.4B
USD
|
Operating Expenses
|
-1.8B
USD
|
Operating Income
|
1.6B
USD
|
Other Expenses
|
-367.4m
USD
|
Net Income
|
1.2B
USD
|
Income Statement
Chipotle Mexican Grill Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 215
N/A
|
3 392
+6%
|
3 625
+7%
|
3 883
+7%
|
4 108
+6%
|
4 293
+4%
|
4 441
+3%
|
4 574
+3%
|
4 501
-2%
|
4 247
-6%
|
4 047
-5%
|
3 867
-4%
|
3 904
+1%
|
4 139
+6%
|
4 310
+4%
|
4 401
+2%
|
4 476
+2%
|
4 556
+2%
|
4 653
+2%
|
4 750
+2%
|
4 865
+2%
|
5 025
+3%
|
5 193
+3%
|
5 371
+3%
|
5 586
+4%
|
5 689
+2%
|
5 619
-1%
|
5 817
+4%
|
5 985
+3%
|
6 315
+6%
|
6 843
+8%
|
7 194
+5%
|
7 547
+5%
|
7 826
+4%
|
8 147
+4%
|
8 415
+3%
|
8 635
+3%
|
8 983
+4%
|
9 284
+3%
|
9 536
+3%
|
9 872
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 161)
|
(2 288)
|
(2 453)
|
(2 611)
|
(2 760)
|
(2 871)
|
(2 962)
|
(3 055)
|
(3 065)
|
(3 045)
|
(3 018)
|
(3 028)
|
(3 113)
|
(3 206)
|
(3 304)
|
(3 351)
|
(3 287)
|
(3 432)
|
(3 493)
|
(3 539)
|
(3 495)
|
(3 712)
|
(3 826)
|
(3 936)
|
(3 936)
|
(4 200)
|
(4 259)
|
(4 430)
|
(4 397)
|
(4 740)
|
(4 964)
|
(5 161)
|
(5 201)
|
(5 662)
|
(5 877)
|
(6 030)
|
(5 861)
|
(6 262)
|
(6 421)
|
(6 575)
|
(6 518)
|
|
Gross Profit |
1 054
N/A
|
1 104
+5%
|
1 173
+6%
|
1 272
+8%
|
1 349
+6%
|
1 422
+5%
|
1 479
+4%
|
1 519
+3%
|
1 437
-5%
|
1 202
-16%
|
1 029
-14%
|
839
-18%
|
792
-6%
|
933
+18%
|
1 006
+8%
|
1 050
+4%
|
1 190
+13%
|
1 124
-5%
|
1 160
+3%
|
1 211
+4%
|
1 370
+13%
|
1 313
-4%
|
1 366
+4%
|
1 435
+5%
|
1 650
+15%
|
1 489
-10%
|
1 361
-9%
|
1 387
+2%
|
1 587
+14%
|
1 575
-1%
|
1 879
+19%
|
2 033
+8%
|
2 346
+15%
|
2 164
-8%
|
2 270
+5%
|
2 385
+5%
|
2 774
+16%
|
2 721
-2%
|
2 863
+5%
|
2 961
+3%
|
3 354
+13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(515)
|
(549)
|
(584)
|
(614)
|
(631)
|
(640)
|
(649)
|
(662)
|
(661)
|
(672)
|
(685)
|
(705)
|
(734)
|
(753)
|
(764)
|
(795)
|
(907)
|
(823)
|
(855)
|
(859)
|
(1 018)
|
(937)
|
(973)
|
(998)
|
(1 171)
|
(1 050)
|
(1 050)
|
(1 085)
|
(1 260)
|
(1 161)
|
(1 216)
|
(1 240)
|
(1 516)
|
(1 312)
|
(1 326)
|
(1 342)
|
(1 592)
|
(1 358)
|
(1 395)
|
(1 433)
|
(1 758)
|
|
Selling, General & Administrative |
(419)
|
(450)
|
(482)
|
(509)
|
(520)
|
(525)
|
(528)
|
(536)
|
(530)
|
(538)
|
(547)
|
(562)
|
(588)
|
(603)
|
(608)
|
(635)
|
(744)
|
(652)
|
(675)
|
(673)
|
(816)
|
(728)
|
(762)
|
(787)
|
(958)
|
(833)
|
(824)
|
(851)
|
(1 022)
|
(918)
|
(971)
|
(992)
|
(1 262)
|
(1 049)
|
(1 055)
|
(1 063)
|
(1 306)
|
(1 066)
|
(1 094)
|
(1 125)
|
(1 438)
|
|
Depreciation & Amortization |
(96)
|
(99)
|
(102)
|
(106)
|
(111)
|
(115)
|
(121)
|
(126)
|
(130)
|
(134)
|
(138)
|
(142)
|
(146)
|
(151)
|
(156)
|
(160)
|
(163)
|
(171)
|
(179)
|
(190)
|
(202)
|
(209)
|
(211)
|
(211)
|
(213)
|
(217)
|
(226)
|
(234)
|
(239)
|
(243)
|
(245)
|
(248)
|
(255)
|
(263)
|
(271)
|
(279)
|
(287)
|
(292)
|
(301)
|
(308)
|
(319)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
539
N/A
|
555
+3%
|
589
+6%
|
658
+12%
|
718
+9%
|
782
+9%
|
830
+6%
|
857
+3%
|
776
-9%
|
530
-32%
|
345
-35%
|
135
-61%
|
58
-57%
|
180
+210%
|
243
+35%
|
255
+5%
|
283
+11%
|
301
+7%
|
305
+1%
|
352
+15%
|
352
N/A
|
376
+7%
|
393
+5%
|
437
+11%
|
480
+10%
|
439
-9%
|
311
-29%
|
302
-3%
|
327
+8%
|
414
+26%
|
663
+60%
|
792
+19%
|
830
+5%
|
852
+3%
|
944
+11%
|
1 042
+10%
|
1 182
+13%
|
1 363
+15%
|
1 469
+8%
|
1 528
+4%
|
1 596
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
3
|
4
|
4
|
4
|
5
|
5
|
6
|
7
|
8
|
7
|
6
|
5
|
3
|
3
|
3
|
6
|
9
|
10
|
8
|
10
|
12
|
13
|
15
|
14
|
14
|
11
|
6
|
4
|
(1)
|
(1)
|
(1)
|
8
|
10
|
19
|
23
|
21
|
30
|
36
|
51
|
63
|
|
Non-Reccuring Items |
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(10)
|
(9)
|
(10)
|
(13)
|
(11)
|
(13)
|
(28)
|
(24)
|
(25)
|
(22)
|
(12)
|
(13)
|
(15)
|
(58)
|
(73)
|
(94)
|
(100)
|
(65)
|
(51)
|
(36)
|
(34)
|
(31)
|
(31)
|
(37)
|
(33)
|
(32)
|
(29)
|
(25)
|
(18)
|
(18)
|
(20)
|
(21)
|
(25)
|
(37)
|
(38)
|
(38)
|
|
Pre-Tax Income |
534
N/A
|
550
+3%
|
585
+6%
|
655
+12%
|
714
+9%
|
777
+9%
|
825
+6%
|
853
+3%
|
770
-10%
|
526
-32%
|
339
-36%
|
113
-67%
|
39
-66%
|
158
+307%
|
224
+42%
|
245
+10%
|
276
+12%
|
296
+7%
|
258
-13%
|
287
+11%
|
268
-6%
|
288
+7%
|
341
+19%
|
401
+17%
|
458
+14%
|
419
-9%
|
291
-31%
|
277
-5%
|
294
+6%
|
379
+29%
|
630
+66%
|
763
+21%
|
813
+7%
|
843
+4%
|
945
+12%
|
1 046
+11%
|
1 182
+13%
|
1 368
+16%
|
1 468
+7%
|
1 542
+5%
|
1 621
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(207)
|
(217)
|
(228)
|
(251)
|
(269)
|
(292)
|
(310)
|
(324)
|
(294)
|
(200)
|
(127)
|
(38)
|
(16)
|
(62)
|
(87)
|
(97)
|
(100)
|
(106)
|
(88)
|
(98)
|
(98)
|
(89)
|
(99)
|
(98)
|
(108)
|
(81)
|
(35)
|
(40)
|
62
|
27
|
(44)
|
(53)
|
(160)
|
(159)
|
(189)
|
(237)
|
(282)
|
(336)
|
(354)
|
(371)
|
(392)
|
|
Income from Continuing Operations |
328
|
334
|
356
|
404
|
445
|
485
|
515
|
529
|
476
|
327
|
212
|
75
|
23
|
96
|
137
|
148
|
176
|
190
|
170
|
189
|
170
|
198
|
243
|
303
|
350
|
338
|
256
|
237
|
356
|
407
|
586
|
711
|
653
|
684
|
756
|
809
|
899
|
1 032
|
1 114
|
1 170
|
1 229
|
|
Net Income (Common) |
328
N/A
|
334
+2%
|
356
+7%
|
404
+13%
|
445
+10%
|
485
+9%
|
515
+6%
|
529
+3%
|
476
-10%
|
327
-31%
|
212
-35%
|
75
-65%
|
23
-69%
|
96
+317%
|
137
+43%
|
148
+9%
|
176
+19%
|
190
+7%
|
170
-10%
|
188
+11%
|
177
-6%
|
205
+16%
|
249
+21%
|
310
+24%
|
350
+13%
|
338
-3%
|
256
-24%
|
237
-7%
|
356
+50%
|
407
+14%
|
586
+44%
|
711
+21%
|
653
-8%
|
684
+5%
|
756
+11%
|
809
+7%
|
899
+11%
|
1 032
+15%
|
1 114
+8%
|
1 170
+5%
|
1 229
+5%
|
|
EPS (Diluted) |
10.42
N/A
|
10.6
+2%
|
11.33
+7%
|
12.82
+13%
|
14.13
+10%
|
15.34
+9%
|
16.34
+7%
|
16.79
+3%
|
15.1
-10%
|
10.92
-28%
|
7.23
-34%
|
2.56
-65%
|
0.77
-70%
|
3.29
+327%
|
4.74
+44%
|
5.22
+10%
|
6.17
+18%
|
6.76
+10%
|
6.07
-10%
|
6.74
+11%
|
6.3
-7%
|
7.3
+16%
|
8.8
+21%
|
10.9
+24%
|
12.38
+14%
|
11.94
-4%
|
9.03
-24%
|
8.32
-8%
|
12.52
+50%
|
14.21
+13%
|
20.56
+45%
|
24.95
+21%
|
22.9
-8%
|
24.17
+6%
|
26.91
+11%
|
28.93
+8%
|
31.99
+11%
|
37.15
+16%
|
40.15
+8%
|
42.28
+5%
|
44.34
+5%
|