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Chipotle Mexican Grill (CMG) Cost of Revenue (2016 - 2025)

Chipotle Mexican Grill (CMG) has disclosed Cost of Revenue for 16 consecutive years, with $2.2 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 77.26% to $2.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $3.5 billion, a 4.52% increase, with the full-year FY2025 number at $3.5 billion, up 4.52% from a year prior.
  • Cost of Revenue was $2.2 billion for Q4 2025 at Chipotle Mexican Grill, up from -$6.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.2 billion in Q4 2025 to a low of -$6.9 million in Q3 2025.
  • A 5-year average of $662.1 million and a median of $366.8 million in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: surged 239.99% in 2024, then plummeted 100.81% in 2025.
  • Chipotle Mexican Grill's Cost of Revenue stood at $1.4 billion in 2021, then increased by 13.96% to $1.6 billion in 2022, then tumbled by 77.3% to $370.5 million in 2023, then soared by 239.99% to $1.3 billion in 2024, then skyrocketed by 77.26% to $2.2 billion in 2025.
  • Per Business Quant, the three most recent readings for CMG's Cost of Revenue are $2.2 billion (Q4 2025), -$6.9 million (Q3 2025), and $886.0 million (Q2 2025).