TTM
12.4%
YoY change
−1.22pp
Trough year (2004)
-11.9%
Peak year (2024)
13.4%
Latest annual
12.1%
FCF Margin history chart for Chipotle Mexican Grill (CMG) from 2004 to 2025
Latest: 12.1%
FCF Margin change chart for Chipotle Mexican Grill (CMG) from 2004 to 2025
Latest: −1.22pp
FCF Margin history table for Chipotle Mexican Grill (CMG) from 2004 to 2025
| 2025 | 12.1% | -1.22pp | ||
| 2024 | 13.4% | +0.97pp | ||
| 2023 | 12.4% | +2.61pp | ||
| 2022 | 9.8% | -1.35pp | ||
| 2021 | 11.1% | +6.27pp | ||
| 2020 | 4.9% | -2.09pp | ||
| 2019 | 6.9% | +0.07pp | ||
| 2018 | 6.9% | +1.28pp | ||
| 2017 | 5.6% | +3.28pp | ||
| 2016 | 2.3% | -7.15pp | ||
| 2015 | 9.5% | -0.99pp | ||
| 2014 | 10.5% | +0.22pp | ||
| 2013 | 10.2% | +2.07pp | ||
| 2012 | 8.2% | -3.29pp | ||
| 2011 | 11.5% | +1.87pp | ||
| 2010 | 9.6% | +0.14pp | ||
| 2009 | 9.4% | +5.96pp | ||
| 2008 | 3.5% | +2.90pp | ||
| 2007 | 0.6% | -0.18pp | ||
| 2006 | 0.8% | +1.66pp | ||
| 2005 | -0.9% | +10.99pp | ||
| 2004 | -11.9% | — |
- 202512.1%-1.22pp
- 202413.4%+0.97pp
- 202312.4%+2.61pp
- 20229.8%-1.35pp
- 202111.1%+6.27pp
- 20204.9%-2.09pp
- 20196.9%+0.07pp
- 20186.9%+1.28pp
- 20175.6%+3.28pp
- 20162.3%-7.15pp
- 20159.5%-0.99pp
- 201410.5%+0.22pp
- 201310.2%+2.07pp
- 20128.2%-3.29pp
- 201111.5%+1.87pp
- 20109.6%+0.14pp
- 20099.4%+5.96pp
- 20083.5%+2.90pp
- 20070.6%-0.18pp
- 20060.8%+1.66pp
- 2005-0.9%+10.99pp
- 2004-11.9%—
FCF Margin values are taken from Chipotle Mexican Grill's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Chipotle Mexican Grill (CMG)
According to Chipotle Mexican Grill's latest reported financial statements, the company's latest reported free cash flow margin is 12.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Chipotle Mexican Grill (CMG) most recent annual free cash flow margin stands at 12.14% (2025) – contracted 1.2 percentage points year-over-year.
13.36% stands as the all-time-high annual free cash flow margin, posted in 2024, against a low of -11.88% during 2004.
Chipotle Mexican Grill FCF Margin by Year
Chipotle Mexican Grill FCF Margin 2025: 12.1%
Chipotle Mexican Grill posted free cash flow margin of 12.14% in 2025, contracted 1.2 percentage points from 2024.
Chipotle Mexican Grill FCF Margin 2024: 13.4%
In 2024, Chipotle Mexican Grill reported free cash flow margin of 13.36%, expanded 1.0 percentage points from 2023. This figure represents the highest annual value in the available history.
Chipotle Mexican Grill FCF Margin 2023: 12.4%
Chipotle Mexican Grill free cash flow margin in 2023 was 12.39%, expanded 2.6 percentage points from 2022.
Chipotle Mexican Grill FCF Margin 2022: 9.8%
2022's free cash flow margin for Chipotle Mexican Grill came in at 9.77%, contracted 1.4 percentage points from 2021.
Chipotle Mexican Grill FCF Margin 2021: 11.1%
Chipotle Mexican Grill free cash flow margin in 2021 was 11.12%.
See more financial history for Chipotle Mexican Grill (CMG).
Sector peers by FCF Margin
Consumer Cyclical peers of Chipotle Mexican Grill (CMG), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 7.2% | |
| -0.3% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -0.3%
- -4.9%
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