CHIPOTLE MEXICAN GRILL, INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $11.9B |
| Gross margin | — not reported |
| Operating income | $1.9B |
| Net income | $1.5B |
| Diluted EPS | $1.14 |
| Cash & equivalents | $350.5M |
| Total assets | $9.0B |
| Long-term debt | $0 |
Key takeaway
Chipotle grew revenue to $11.93 billion in 2025 while maintaining an operating margin of roughly 16.2%.
🔒 4 more takeaways in the full analysis
Beneath the surface
Despite having zero long-term debt, Chipotle's $7.47 billion in total operating lease payment obligations represents a substantial off-balance-sheet-style liability not reflected in the simple 'no debt' headline.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for CMG.
Read the full analysis free Free account · 5 full analyses included · no card required