Chipotle Mexican Grill (CMG) Cost of Revenue (2010 - 2026)

Chipotle Mexican Grill (CMG) has 17 years of Cost of Revenue data on file, last reported at $480.6 million in Q1 2026.

• Quarterly Cost of Revenue fell 42.67% year-over-year to $480.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 46.96% YoY) and the FY2025 annual result came in at $1.8 billion, down 47.97% from the prior year.
• Cost of Revenue improved to $480.6 million in Q1 2026 per CMG's latest filing, from $461.6 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $1.6 billion in Q4 2022 and bottomed at -$736.7 million in Q4 2023.
• The 5-year median for Cost of Revenue is $480.6 million (2026), against an average of $567.0 million.
• The widest annual swing landed in 2023, when Cost of Revenue tumbled 145.14%; it then jumped 217.59% in 2024.
• Tracing CMG's Cost of Revenue over 5 years: stood at $1.6 billion in 2022, then tumbled by 145.14% to -$736.7 million in 2023, then jumped by 217.59% to $866.3 million in 2024, then sank by 46.72% to $461.6 million in 2025, then increased by 4.13% to $480.6 million in 2026.
• Per Business Quant, the three latest CMG Cost of Revenue figures stand at $480.6 million (Q1 2026), $461.6 million (Q4 2025), and $450.4 million (Q3 2025).

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