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CHIPOTLE MEXICAN GRILL INC (CMG)

SEC filings, insider trading & institutional ownership from EDGAR.

NYSEConsumer DiscretionaryHotels, Restaurants & Leisure

Chipotle Mexican Grill, Inc. is a Delaware corporation that owns and operates Chipotle Mexican Grill restaurants. The restaurants serve a menu of burritos, burrito bowls, quesadillas, tacos, and salads, made with responsibly sourced, classically cooked ingredients and without artificial colors, flavors or preservatives. The first restaurant opened in Denver, Colorado in 1993. The company's "Recipe for Growth" strategy centers on strengthening the core business, evolving brand messaging and menu innovation, modernizing the business with technology including AI and a relaunched Rewards Program, expanding globally, and developing talent.

The company manages its U.S. operations through 11 regions and aggregates them into one reportable segment. Revenue comes from restaurant sales. As of December 31, 2025, it owned 3,938 restaurants in the United States and 104 international restaurants, plus 14 international partner-operated restaurants. Partner-operated restaurants are run by third parties under license or franchise agreements, or are ones in which Chipotle holds a minority, non-controlling interest. Digital sales, generated through the Chipotle website, app, or third-party delivery aggregators, were 36.7% of food and beverage revenue in 2025, up from 35.1% in 2024. Chipotle also builds "Chipotlanes," a drive-through format for picking up digital orders.

Chipotle serves restaurant guests in the United States and in Canada, France, Germany, and the United Kingdom, where it has international operations. It competes in the fast-casual, quick-service, and casual dining segments, against locally owned restaurants, national and regional chains, and food delivery services. Its main competitors include formats that claim to serve higher quality ingredients without artificial additives, serve food quickly, and price reasonably. At year-end 2025 it employed 130,301 people worldwide, including 127,116 in the U.S., along with 1,233 contract workers.

Chipotle sources ingredients through multiple independently owned and operated regional distribution centers that buy from suppliers selected for adherence to its Food with Integrity standards, quality, and price. It has sought to add suppliers to limit price volatility and supply risk, though certain key ingredients come from a small number of suppliers. Its meats are branded "Responsibly Raised" and are produced without non-therapeutic antibiotics or added growth hormones. Food safety is overseen by internal quality assurance teams and an independent Food Safety Advisory Council. The company holds registered trademarks in the U.S. and several other countries, and is subject to federal, state, local and international regulation.

AI-summarized from Item 1 (Business) of the company’s most recent 10-K filing.

RevenueFY2025
$11.93B
▲ 5.4%YoY
Net incomeFY2025
$1.54B
▲ 0.1%YoY
Diluted EPSFY2025
$1.14
▲ 2.7%YoY
Insider net6 mo
+20.7K
shares1 sells0 buys
Institutions
56
$30.12B held

Financials

As reported to the SEC via XBRL, no adjustments

All financials →
Revenue & net income
$2.5B$5B$7.5B$10B$12.5B
FY2022FY2023FY2024FY2025
RevenueNet income
FY2025 highlightsfrom 10-K
Operating income$1.94B
Diluted EPS$1.14
Net margin12.9%

Revenue by region

FY2025 geographic segments • from the 10-K

$12BTOTAL FY2025
Americas$11.68B97.9%▲ 5.1%
Rest of World$246.18M2.1%▲ 21.8%

Latest filings

10-K, 10-Q, 8-K, Form 4 & 13D/G. Sourced directly from SEC EDGAR

All filings →
FormFiled
4Bush Matthew RNov 2, 2026
10-QOct 28, 2026
8-KOct 28, 2026
4Rymer Adam TOct 2, 2026

Insider trading

From Form 4 filings

All →
InsiderDateType
Bush Matthew ROct 31, 2026Tax withholding
Rymer Adam TOct 1, 2026Tax withholding
Sami SabirSep 17, 2026Grant / award
Schalow LaurieAug 22, 2026Tax withholding
Boatwright ScottAug 22, 2026Tax withholding

Top holders

13F & 13D/G • latest quarter

All →
HolderStakeFiledValue
BlackRock, Inc.10.3%Aug 7, 2026$4.42B
Vanguard Capital Management6.6%Aug 13, 2026$2.85B
JPMORGAN CHASE & CO5.2%Aug 12, 2026$2.18B
Vanguard Portfolio Management4.8%Aug 13, 2026$2.05B
STATE STREET CORPORATION4.4%Sep 22, 2026$1.89B

Executive pay and the vote

From the FY2025 proxy statement (DEF 14A), filed Apr 28, 2026, and the annual meeting’s vote on Jun 11, 2026

Full governance view →
CEO total pay
$0.0M
Scott Boatwright • FY2025
Actually paid
$0.0M
SEC “compensation actually paid”
Say-on-pay
95.3%
of votes cast • 8-K filed Jun 17, 2026
TSR on $100
$133.00
peers $124.00 • since FY2021
What the company says drives pay
Restaurant Cash Flow (RCF) DollarsComparable Restaurant Sales (CRS) GrowthSite Assessment Requests (SARs)RCF Margin %

Figures come from the company’s proxy statement, and the vote count from its 8-K.

The full pay and vote breakdown is free with an account

The Summary Compensation Table for every named officer, the board with tenure and committees, and each proposal with its count, verified against the filings.

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AI summary

Latest 10-Q takeaways

filed Oct 28, 2026

Chipotle's Q3 2026 MD&A pairs solid top-line growth (revenue +9.6%, comps +2.1%, expanding digital and international presence) with margin pressure, a 6.9% EPS decline, and acknowledged consumer and food-safety headwinds. The tone is largely factual and backward-looking, with measured confidence on liquidity and cash flow. Automated screens found no red flags in this filing.

Written by Scrutar's AI from CMG's SEC filings. Check anything you rely on against the filing. Not investment advice.

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Data as of Nov 8, 2026Source: SEC EDGAR.