Buyback yield (TTM)
6.19%
Shareholder yield (TTM)
6.19%
5Y share count change
-5.5%
Buyback spend (TTM)
$2.57B
Cumulative buybacks
$8.05B
Key takeaways
- Chipotle Mexican Grill (CMG) repurchased about $2.57B of stock over the trailing twelve months.
- Diluted share count is down 5.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 23.41× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +113.7% per year over the latest 5-year window.
- TTM repurchases used about 171% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Chipotle Mexican Grill (CMG)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Chipotle Mexican Grill (CMG)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Chipotle Mexican Grill (CMG)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Chipotle Mexican Grill (CMG)
Latest: $2.43B
Overview
2025's annual buyback spend for Chipotle Mexican Grill (CMG) came in at $2.43B – surged 142.2% year-over-year.
Chipotle Mexican Grill buyback spend compound annual growth for the 2020–2025 (5 years) window is +113.7%, sustaining 2 straight years of year-over-year growth.
The highest annual buyback spend of $2.43B was reported in 2025. The lowest in the available history was $0.00 in 2004.
Chipotle Mexican Grill Buyback Spend 2025: $2.43B
Chipotle Mexican Grill buyback spend in 2025 was $2.43B, surged 142.2% from 2024. This figure represents the highest annual value in the available history.
Chipotle Mexican Grill Buyback Spend 2024: $1.00B
2024's buyback spend for Chipotle Mexican Grill came in at $1.00B, surged 69.1% from 2023.
Chipotle Mexican Grill Buyback Spend 2023: $592.35M
Chipotle Mexican Grill posted buyback spend of $592.35M in 2023, declined 28.6% below 2022.
Chipotle Mexican Grill Buyback Spend 2022: $830.14M
In 2022, Chipotle Mexican Grill reported buyback spend of $830.14M, surged 78.0% from 2021.
Chipotle Mexican Grill Buyback Spend 2021: $466.46M
Chipotle Mexican Grill buyback spend in 2021 was $466.46M.
See more financial history for Chipotle Mexican Grill (CMG).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.43B | $119.54M | $2.31B | 4.99% | 1.34B | -2.5% | |
| 2024 | $1.00B | $131.73M | $869.83M | 1.22% | 1.38B | -0.6% | |
| 2023 | $592.35M | $124.02M | $468.33M | 0.94% | 1.39B | -1.3% | |
| 2022 | $830.14M | $98.03M | $732.11M | 2.16% | 1.40B | -1.6% | |
| 2021 | $466.46M | $176.39M | $290.07M | 0.95% | 1.43B | +0.3% | |
| 2020 | $54.40M | $82.63M | −$28.23M | 0.14% | 1.42B | +0.4% | |
| 2019 | $190.62M | $91.40M | $99.22M | 0.82% | 1.41B | +1.2% | |
| 2018 | $160.94M | $69.16M | $91.77M | 1.34% | 1.40B | -2.1% | |
| 2017 | $285.22M | $65.25M | $219.96M | 3.54% | 1.43B | -4.1% | |
| 2016 | $837.65M | $64.17M | $773.49M | 7.68% | 1.49B | -5.5% | |
| 2015 | $460.68M | $57.91M | $402.76M | 3.09% | 1.57B | -0.1% | |
| 2014 | $88.34M | $96.44M | −$8.10M | 0.42% | 1.58B | +0.7% | |
| 2013 | $138.90M | $63.66M | $75.25M | 0.84% | 1.56B | -1.6% | |
| 2012 | $217.09M | $64.28M | $152.82M | 2.35% | 1.59B | +0.0% | |
| 2011 | $63.51M | $41.38M | $22.13M | 0.60% | 1.59B | +0.1% | |
| 2010 | $126.60M | $21.38M | $105.22M | 1.92% | 1.59B | -1.1% | |
| 2009 | $84.09M | $14.99M | $69.10M | 3.04% | 1.61B | -3.1% | |
| 2008 | $30.23M | $11.37M | $18.85M | 1.52% | 1.66B | 0.0% | |
| 2007 | $0.00 | $7.80M | −$7.80M | — | 1.66B | +2.1% | |
| 2006 | $0.00 | $5.19M | −$5.19M | — | 1.62B | +23.1% | |
| 2005 | $0.00 | $2.10M | −$2.10M | — | 1.32B | +3.6% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 1.27B | — |
- 2025$2.43B
- 2024$1.00B
- 2023$592.35M
- 2022$830.14M
- 2021$466.46M
- 2020$54.40M
- 2019$190.62M
- 2018$160.94M
- 2017$285.22M
- 2016$837.65M
- 2015$460.68M
- 2014$88.34M
- 2013$138.90M
- 2012$217.09M
- 2011$63.51M
- 2010$126.60M
- 2009$84.09M
- 2008$30.23M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
Buybacks vs stock-based compensation for Chipotle Mexican Grill (CMG)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 23.41×.
Buybacks vs dividends (share of cash returned) for Chipotle Mexican Grill (CMG)
How Chipotle Mexican Grill splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Chipotle Mexican Grill, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.51B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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