Income StatementBalance SheetCash FlowSegments
Chipotle Mexican Grill logo

Chipotle Mexican Grill Cash Flow Statement

Operating, investing, and financing cash movements

Chipotle Mexican Grill generated $2.1B in operating cash flow over the trailing twelve months. After $666.3M in capital expenditures, free cash flow was $1.4B. Free cash flow decreased 0.0% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$2.1BNet Cash From Investing (TTM)-$35.1MNet Cash From Financing (TTM)-$2.5BCapital Expenditures (TTM)$666.3MDepreciation And Amortization Cf (TTM)$361.4MNet Change In Cash (TTM)-$392.5M
Latest FilingQ4 2025
Report Date2026-02-04
Market Cap$41.2B
P/E Ratio26.82
ROE47.36%

Investing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Capital expenditures$147.5M$172.9M$144.8M$160.6M$163.5M$197.5M
Net cash from investing activities-$64.2M-$136.0M$6.1M$2.0M-$15.4M-$27.7M

Operating

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Change in accounts payable$14.5M—$13.2M-$848.0K$16.9M-$36.8M
Change in accounts receivable-$3.7M$51.3M-$43.2M$3.3M-$10.0M$61.4M
Change in accrued liabilities$6.4M$3.8M-$183.0K$2.3M$8.2M-$20.8M
Change in deferred revenue-$485.0K$68.9M-$31.0M$5.4M$2.0M$64.2M
Change in inventories$14.3M$0.0-$7.5M-$958.0K$6.1M$3.1M
Change in other liabilities-$1.9M$3.1M$1.0M$1.0M$666.0K-$6.9M
Deferred income taxes-$3.8M-$33.3M-$7.3M-$2.6M$104.2M—
Depreciation and amortization$84.3M$83.9M$87.2M$90.9M$90.5M$92.7M
Net cash from operating activities$446.5M$526.8M$557.1M$561.3M$569.7M$425.8M
Net income$387.4M$331.8M$386.6M$436.1M$382.1M$330.9M
Gain (Loss) On Sale Of Assets, Asset Impairments Non-Cash Components-$14.2M-$443.0K-$6.0M-$5.0M-$7.2M-$8.3M
Operating lease assets$75.3M$74.4M$72.5M$78.4M$84.7M$97.1M
Stock-based compensation$4.7M$45.8M$37.6M$37.5M$18.8M$25.6M

Free Cash Flow

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Free cash flow$299.0M$353.9M$412.3M$400.7M$406.2M$228.4M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Effect of exchange rate changes on cash-$374.0K-$140.0K-$236.0K-$550.0K$599.0K-$229.0K
Net increase (decrease) in cash-$107.7M$51.9M-$22.3M$119.1M-$145.6M-$343.7M

Financing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Net cash from financing activities-$489.6M-$338.7M-$585.2M-$443.7M-$700.5M-$741.6M
Repurchases of common stock$490.2M$339.0M$553.8M$443.3M$686.7M$741.8M
Taxes paid for net share settlement$338.0K$880.0K$32.9M$417.0K$15.2M$900.0K

Supplemental

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Repurchase of common stock accrued in accounts payable and accrued liabilities——$12.1M-$3.1M$6.7M$7.3M