Chipotle Mexican Grill (CMG) Rent Expense (2010 - 2026)
Chipotle Mexican Grill (CMG) reported Rent Expense of $169.9 million for Q1 2026, up 13.37% year-over-year from $149.8 million in Q1 2025, and up 4.55% on a QoQ basis from $162.5 million in Q4 2025.
Chipotle Mexican Grill (CMG) has 17 years of Rent Expense data on file, last reported at $169.9 million in Q1 2026.
- Quarterly Rent Expense rose 13.37% year-over-year to $169.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $644.9 million (up 11.67% YoY) and the FY2025 annual result came in at $624.9 million, up 10.92% from the prior year.
- Rent Expense improved to $169.9 million in Q1 2026 per CMG's latest filing, from $162.5 million in the prior quarter.
- Across five years, Rent Expense topped out at $169.9 million in Q1 2026 and bottomed at $112.0 million in Q1 2022.
- The 5-year median for Rent Expense is $135.7 million (2024), against an average of $136.6 million.
- The widest annual swing landed in 2023, when Rent Expense advanced 8.76%; it then climbed 13.37% in 2026.
- Tracing CMG's Rent Expense over 5 years: stood at $118.6 million in 2022, then climbed by 10.55% to $131.2 million in 2023, then increased by 11.65% to $146.4 million in 2024, then gained by 10.96% to $162.5 million in 2025, then advanced by 4.55% to $169.9 million in 2026.
- Per Business Quant, the three latest CMG Rent Expense figures stand at $169.9 million (Q1 2026), $162.5 million (Q4 2025), and $158.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | - |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | - |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 169.88 Mn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | - |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | - |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | - |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | - |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | - |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 20.85 Mn |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 169.88 Mn |
| Mar 31, 2026 | 169.88 Mn |
| Dec 31, 2025 | 162.49 Mn |
| Dec 31, 2025 | 162.49 Mn |
| Sep 30, 2025 | 158.31 Mn |
| Sep 30, 2025 | 158.31 Mn |
| Jun 30, 2025 | 154.25 Mn |
| Jun 30, 2025 | 154.25 Mn |
| Mar 31, 2025 | 149.84 Mn |
| Mar 31, 2025 | 149.84 Mn |
| Dec 31, 2024 | 146.44 Mn |
| Dec 31, 2024 | 146.44 Mn |
| Sep 30, 2024 | 142.57 Mn |
| Sep 30, 2024 | 142.57 Mn |
| Jun 30, 2024 | 138.66 Mn |
| Jun 30, 2024 | 138.66 Mn |
| Mar 31, 2024 | 135.70 Mn |
| Mar 31, 2024 | 135.70 Mn |
| Dec 31, 2023 | 131.17 Mn |
| Dec 31, 2023 | 131.17 Mn |
| Sep 30, 2023 | 126.27 Mn |
| Sep 30, 2023 | 126.27 Mn |
| Jun 30, 2023 | 123.90 Mn |
| Jun 30, 2023 | 123.90 Mn |
| Mar 31, 2023 | 121.93 Mn |
| Mar 31, 2023 | 121.93 Mn |
| Dec 31, 2022 | 118.65 Mn |
| Dec 31, 2022 | 118.65 Mn |
| Sep 30, 2022 | 115.83 Mn |
| Sep 30, 2022 | 115.83 Mn |
| Jun 30, 2022 | 113.92 Mn |
| Jun 30, 2022 | 113.92 Mn |
| Mar 31, 2022 | 112.03 Mn |
| Mar 31, 2022 | 112.03 Mn |
| Dec 31, 2021 | 107.18 Mn |
| Dec 31, 2021 | 107.18 Mn |
| Sep 30, 2021 | 104.22 Mn |
| Sep 30, 2021 | 104.22 Mn |
| Jun 30, 2021 | 103.43 Mn |
| Jun 30, 2021 | 103.43 Mn |
| Mar 31, 2021 | 101.77 Mn |
| Mar 31, 2021 | 101.77 Mn |
| Dec 31, 2020 | 99.21 Mn |
| Dec 31, 2020 | 99.21 Mn |
| Sep 30, 2020 | 97.69 Mn |
| Sep 30, 2020 | 97.69 Mn |
| Jun 30, 2020 | 95.58 Mn |
| Jun 30, 2020 | 95.58 Mn |
| Mar 31, 2020 | 95.28 Mn |
| Mar 31, 2020 | 95.28 Mn |
| Dec 31, 2019 | 92.97 Mn |
| Dec 31, 2019 | 92.97 Mn |
| Sep 30, 2019 | 91.41 Mn |
| Sep 30, 2019 | 91.41 Mn |
| Jun 30, 2019 | 89.92 Mn |
| Jun 30, 2019 | 89.92 Mn |
| Mar 31, 2019 | 88.77 Mn |
| Mar 31, 2019 | 88.77 Mn |
| Dec 31, 2018 | 88.40 Mn |
| Dec 31, 2018 | 88.40 Mn |
| Sep 30, 2018 | 86.69 Mn |
| Sep 30, 2018 | 86.69 Mn |
| Jun 30, 2018 | 86.77 Mn |
| Jun 30, 2018 | 86.77 Mn |
| Mar 31, 2018 | 85.26 Mn |
| Mar 31, 2018 | 85.26 Mn |
| Dec 31, 2017 | 84.65 Mn |
| Dec 31, 2017 | 84.65 Mn |
| Sep 30, 2017 | 83.20 Mn |
| Sep 30, 2017 | 83.20 Mn |
| Jun 30, 2017 | 80.32 Mn |
| Jun 30, 2017 | 80.32 Mn |
| Mar 31, 2017 | 78.96 Mn |
| Mar 31, 2017 | 78.96 Mn |
| Dec 31, 2016 | 76.49 Mn |
| Dec 31, 2016 | 76.49 Mn |
| Sep 30, 2016 | 74.20 Mn |
| Sep 30, 2016 | 74.20 Mn |
| Jun 30, 2016 | 72.35 Mn |
| Jun 30, 2016 | 72.35 Mn |
| Mar 31, 2016 | 70.59 Mn |
| Mar 31, 2016 | 70.59 Mn |
| Dec 31, 2015 | 68.14 Mn |
| Dec 31, 2015 | 68.14 Mn |
| Sep 30, 2015 | 66.39 Mn |
| Sep 30, 2015 | 66.39 Mn |
| Jun 30, 2015 | 64.69 Mn |
| Jun 30, 2015 | 64.69 Mn |
| Mar 31, 2015 | 63.19 Mn |
| Mar 31, 2015 | 63.19 Mn |
| Dec 31, 2014 | 60.93 Mn |
| Dec 31, 2014 | 60.93 Mn |
| Sep 30, 2014 | 58.84 Mn |
| Sep 30, 2014 | 58.84 Mn |
| Jun 30, 2014 | 56.25 Mn |
| Jun 30, 2014 | 56.25 Mn |
| Mar 31, 2014 | 54.85 Mn |
| Mar 31, 2014 | 54.85 Mn |
| Dec 31, 2013 | 52.80 Mn |
| Dec 31, 2013 | 52.80 Mn |
| Sep 30, 2013 | 50.13 Mn |
| Sep 30, 2013 | 50.13 Mn |
| Jun 30, 2013 | 48.56 Mn |
| Jun 30, 2013 | 48.56 Mn |
| Mar 31, 2013 | 47.62 Mn |
| Mar 31, 2013 | 47.62 Mn |
| Dec 31, 2012 | 45.39 Mn |
| Dec 31, 2012 | 45.39 Mn |
| Sep 30, 2012 | 43.78 Mn |
| Sep 30, 2012 | 43.78 Mn |
| Jun 30, 2012 | 41.76 Mn |
| Jun 30, 2012 | 41.76 Mn |
| Mar 31, 2012 | 40.51 Mn |
| Mar 31, 2012 | 40.51 Mn |
| Dec 31, 2011 | 38.65 Mn |
| Dec 31, 2011 | 38.65 Mn |
| Sep 30, 2011 | 37.12 Mn |
| Sep 30, 2011 | 37.12 Mn |
| Jun 30, 2011 | 36.20 Mn |
| Jun 30, 2011 | 36.20 Mn |
| Mar 31, 2011 | 35.32 Mn |
| Mar 31, 2011 | 35.32 Mn |
| Dec 31, 2010 | 33.98 Mn |
| Dec 31, 2010 | 33.98 Mn |
| Sep 30, 2010 | 32.10 Mn |
| Sep 30, 2010 | 32.10 Mn |
| Jun 30, 2010 | 31.77 Mn |
| Jun 30, 2010 | 31.77 Mn |
| Mar 31, 2010 | 31.09 Mn |
| Mar 31, 2010 | 31.09 Mn |