Operating Expenses

Occupancy and equipment

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.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read 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.

Detailed definition

This metric represents the recurring costs associated with maintaining physical branch networks, corporate office space,...

Peer comparison

Standard across all large financial institutions; peers often track this as a component of noninterest expense to measure operational leverage.

Metric ID: occupancy_and_equipment

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '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%
Range$103.43M$162.49M
CAGR+10.6%
Avg YoY Growth+10.7%
Median YoY Growth+11.0%
Current Streak18+ quarters growth

Business Segments

View all
SegmentQ1 '25Q2 '25Q3 '25Q4 '25
U.S.$145.96M$149.97M$153.50M$157.47M
Total$149.84M$154.25M$158.31M$162.49M

Frequently Asked Questions

What is Chipotle Mexican Grill's occupancy and equipment?
Chipotle Mexican Grill (CMG) reported occupancy and equipment of $162.49M in Q4 2025.
How has Chipotle Mexican Grill's occupancy and equipment changed year-over-year?
Chipotle Mexican Grill's occupancy and equipment increased by 11.0% year-over-year, from $146.44M to $162.49M.
What is the long-term trend for Chipotle Mexican Grill's occupancy and equipment?
Over 4 years (2021 to 2025), Chipotle Mexican Grill's occupancy and equipment has grown at a 10.7% compound annual growth rate (CAGR), from $416.61M to $624.90M.
What does occupancy and equipment mean?
The total cost of renting, maintaining, and equipping physical office and branch locations.