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Ratios

Chipotle Mexican Grill (CMG) Cost of Revenue (2016 - 2026)

Chipotle Mexican Grill (CMG) has disclosed Cost of Revenue for 17 consecutive years, with $480.6 million as the latest value for Q1 2026.

  • For Q1 2026, Cost of Revenue fell 42.67% year-over-year to $480.6 million; the TTM value through Mar 2026 reached $1.8 billion, down 46.96%, while the annual FY2025 figure was $1.8 billion, 47.97% down from the prior year.
  • Cost of Revenue hit $480.6 million in Q1 2026 for Chipotle Mexican Grill, up 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.
  • Average Cost of Revenue over 5 years is $567.0 million, with a median of $480.6 million recorded in 2026.
  • Year-over-year, Cost of Revenue tumbled 145.14% in 2023 and then surged 217.59% in 2024.
  • Chipotle Mexican Grill's Cost of Revenue stood at $1.6 billion in 2022, then crashed by 145.14% to -$736.7 million in 2023, then soared by 217.59% to $866.3 million in 2024, then crashed by 46.72% to $461.6 million in 2025, then grew by 4.13% to $480.6 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $480.6 million, $461.6 million, and $450.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.