Investing
CapEx
Chipotle Mexican Grill CapEx increased by 20.8% to $197.46M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.2%, from $172.89M to $197.46M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 10.8% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $125.50M | $108.45M | $121.91M | $96.16M | $100.33M | $139.02M | $143.65M | $120.37M | $137.23M | $131.20M | $171.93M | $132.70M | $140.49M | $147.53M | $172.89M | $144.81M | $160.59M | $163.49M | $197.46M |
| QoQ Change | — | -13.6% | +12.4% | -21.1% | +4.3% | +38.6% | +3.3% | -16.2% | +14.0% | -4.4% | +31.0% | -22.8% | +5.9% | +5.0% | +17.2% | -16.2% | +10.9% | +1.8% | +20.8% |
| YoY Change | — | — | — | — | -20.1% | +28.2% | +17.8% | +25.2% | +36.8% | -5.6% | +19.7% | +10.2% | +2.4% | +12.4% | +0.6% | +9.1% | +14.3% | +10.8% | +14.2% |
Range$96.16M – $197.46M
CAGR+10.6%
Avg YoY Growth+11.7%
Median YoY Growth+12.4%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Chipotle Mexican Grill's capex?
- Chipotle Mexican Grill (CMG) reported capex of $197.46M in Q4 2025.
- How has Chipotle Mexican Grill's capex changed year-over-year?
- Chipotle Mexican Grill's capex increased by 14.2% year-over-year, from $172.89M to $197.46M.
- What is the long-term trend for Chipotle Mexican Grill's capex?
- Over 4 years (2021 to 2025), Chipotle Mexican Grill's capex has grown at a 10.8% compound annual growth rate (CAGR), from $442.48M to $666.34M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.