Chipotle Mexican Grill Occupancy and equipment increased by 2.6% to $162.49M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.0%, from $146.44M to $162.49M. Over 4 years (FY 2021 to FY 2025), Occupancy and equipment shows an upward trend with a 10.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may indicate expansion of the physical footprint or rising real estate costs, while a decrease suggests branch consolidation or a shift toward digital-first operations.
This metric represents the recurring costs associated with maintaining physical branch networks, corporate office space,...
Standard across all large financial institutions; peers often track this as a component of noninterest expense to measure operational leverage.
occupancy_and_equipment| 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 | $103.43M | $104.22M | $107.18M | $112.03M | $113.92M | $115.83M | $118.65M | $121.93M | $123.90M | $126.27M | $131.17M | $135.70M | $138.66M | $142.57M | $146.44M | $149.84M | $154.25M | $158.31M | $162.49M |
| QoQ Change | — | +0.8% | +2.8% | +4.5% | +1.7% | +1.7% | +2.4% | +2.8% | +1.6% | +1.9% | +3.9% | +3.5% | +2.2% | +2.8% | +2.7% | +2.3% | +2.9% | +2.6% | +2.6% |
| YoY Change | — | — | — | — | +10.1% | +11.1% | +10.7% | +8.8% | +8.8% | +9.0% | +10.6% | +11.3% | +11.9% | +12.9% | +11.6% | +10.4% | +11.2% | +11.0% | +11.0% |
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|
| U.S. | $145.96M | $149.97M | $153.50M | $157.47M |
| Total | $149.84M | $154.25M | $158.31M | $162.49M |