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Chipotle Mexican Grill logo

Chipotle Mexican Grill Cash Flow Statement

Operating, investing, and financing cash movements

Chipotle Mexican Grill generated $2.2B in operating cash flow over the trailing twelve months. After $701.9M in capital expenditures, free cash flow was $1.5B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.2BNet Cash From Investing (TTM)-$49.2MNet Cash From Financing (TTM)-$2.6BCapital Expenditures (TTM)$701.9MDepreciation And Amortization Cf (TTM)$370.9MNet Change In Cash (TTM)-$473.8M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$40.1B
P/E Ratio27.61
ROE49.23%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$172.9M$144.8M$160.6M$163.5M$197.5M$180.3M
Net cash from investing activities-$136M$6.1M$2M-$15.4M-$27.7M-$8.1M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$13.2M-$848K$16.9M-$36.8M$22.7M
Change in accounts receivable$51.3M-$43.2M$3.3M-$10M$61.4M-$59.8M
Change in accrued liabilities$3.8M-$183K$2.3M$8.2M-$20.8M$42M
Change in deferred revenue$68.9M-$31M——$64.2M-$27.7M
Change in income taxes payable/receivable—$113.4M———$140M
Change in inventories$0-$7.5M-$958K$6.1M$3.1M-$4.7M
Change in operating lease liabilities—-$55.7M———-$63M
Change in other assets—$9.7M———$9.4M
Change in other liabilities$3.1M$1M$1M$666K-$6.9M$806K
Other working capital changes—-$914K———-$578K
Deferred income taxes-$33.3M-$7.3M-$2.6M$104.2M—$17.9M
Depreciation and amortization$83.9M$87.2M$90.9M$90.5M$92.7M$96.7M
Net cash from operating activities$526.8M$557.1M$561.3M$569.7M$425.8M$651.4M
Net income$331.8M$386.6M$436.1M$382.1M$330.9M$302.8M
Gain (Loss) On Sale Of Assets, Asset Impairments Non-Cash Components-$443K-$6M-$5M-$7.2M-$8.3M-$9.7M
Operating lease assets$74.4M$72.5M$78.4M$84.7M$97.1M$79.8M
Provision for credit losses—-$1.3M———-$454K
Stock-based compensation$45.8M$37.6M$37.5M$18.8M$25.6M$28M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$353.9M$412.3M$400.7M$406.2M$228.4M$471M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$140K-$236K-$550K—-$229K$602K
Net increase (decrease) in cash$51.9M-$22.3M$119.1M-$145.6M-$343.7M-$103.6M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid—$8.8M———-$55.1M
Repurchase of common stock accrued in accounts payable and accrued liabilities—$12.1M—$6.7M$7.3M$29.2M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash from financing activities-$338.7M-$585.2M-$443.7M-$700.5M-$741.6M-$747.5M
Other financing activities—$1.5M———$1.5M
Repurchases of common stock$339M$553.8M$443.3M$686.7M$741.8M$701M
Taxes paid for net share settlement$880K$32.9M$417K$15.2M$900K$48M