CMG Chipotle Mexican Grill

FY2025 10-K
Filed: Feb 4, 2026
Consumer Discretionary
Retail-Eating PlacesSEC EDGAR

Chipotle Mexican Grill (CMG) filed its fiscal year 2025 10-K annual report with the SEC on Feb 4, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Company-owned and partner-operated fast-casual restaurants serving responsibly sourced, real food with a focus on operational and culinary excellence
  • New emphasis on AI-driven technology integration and relaunch of Rewards Program to modernize guest and team experience
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Management Discussion & Analysis

  • No revenue or YoY change disclosed in this MD&A section
  • No profitability or margin data provided
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Risk Factors

  • Tariffs enacted 2025 increase food, beverage, and packaging costs by 15 basis points ongoing, impacting primarily beef and chicken prices
  • 334 new restaurants opened in 2025, with 257 including Chipotlane; 80% of 2026 openings expected to feature Chipotlane, increasing operational complexity
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Financial Summary
XBRL

Revenue

$11.9B

Net Income

$1.5B

Operating Margin

16.2%

Net Margin

12.9%

ROE

54.3%

Total Assets

$9.0B

EPS (Diluted)

$1.14

Operating Cash Flow

$2.1B

Source: XBRL data from Chipotle Mexican Grill FY2025 10-K filing on SEC EDGAR. All figures in USD.

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