CMGChipotle Mexican Grill
- Employees
- 130,301
- Headquarters
- Newport Beach, CA
- CEO
- Scott Boatwright
- Next results
- around Feb 2, 2027
The biggest changes in the 10-K filed 2026-02-04, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
16.9% → 16.2% (-0.7 pts) FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+5.4% FY to 2025-12-31 vs 2024-12-31“Increased depreciation expense associated with existing restaurants and the impact from lower sales volumes was offset by the benefit of menu price increases.”
Read it in the 10-K ↗
“Historically, our average daily restaurant sales and net income are lower in the first and fourth quarters due, in part, to the holiday season and because fewer people eat out during periods of inclement weather (the winter months) than during periods of mild or warm weather (the spring, summer and fall months).”
Read it in the 10-K ↗
Cash from operations
+0.4% FY to 2025-12-31 vs 2024-12-31“The balance was flat as an increase in operating cash flows due to the timing of tax-related payments, including the impacts of H.R.1 - One Big Beautiful Bill Act, was offset by other changes in non-tax operating assets and liabilities.”
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Net income
+0.1% FY to 2025-12-31 vs 2024-12-31“Interest and other income, net decreased in dollar terms for the year ended December 31, 2025 compared to the year ended December 31, 2024, primarily due to lower investment balances in U.S.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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