CHIPOTLE MEXICAN GRILL INC

Retail-Eating Places·NEWPORT BEACH, CA·FY end 12/31·CIK 1058090

CEO Pay Ratio

886:1

Scott Boatwright

CEO Total Comp

$15.5M

Scott Boatwright

Median Employee

$17,446

Revenue

$11.9B

FY 2025

Net Income

$1.5B

FY 2025

Free Cash Flow

$1.4B

FY 2025

Net Margin

12.9%

Insider Net (180d)

-$7.2M

0 buys / 4 sales

CEO Pay Accountability

CEO comp as % of net income

1.01%

For every $1,000 of profit, $10.06 flows to the CEO.

CEO comp as % of buybacks

0.64%

CEO comp equals 6.4‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$11.9B	$11.3B	$9.9B	$8.6B	$7.5B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.9B	$1.9B	$1.6B	$1.2B	$804.9M
Net Income	$1.5B	$1.5B	$1.2B	$899.1M	$653.0M
Operating CF	$2.1B	$2.1B	$1.8B	$1.3B	$1.3B
Capex	$666.3M	$593.6M	$560.7M	$479.2M	$442.5M
Free Cash Flow	$1.4B	$1.5B	$1.2B	$844.0M	$839.6M
Buybacks	$2.4B	$1.0B	$592.3M	$830.1M	$466.5M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	16.2%	16.9%	15.8%	13.4%	10.7%
Net Margin	12.9%	13.6%	12.4%	10.4%	8.7%
FCF Margin	12.1%	13.4%	12.4%	9.8%	11.1%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	23.6%	23.7%	24.2%	23.9%	19.7%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	167.6%	66.3%	48.4%	98.4%	55.6%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Scott BoatwrightChief Executive Officer	$1.1M	$7.8M	$5.2M	$1.2M	$205.3K	$15.5M
Curt GarnerPresident, Chief Strategy and Technology Officer	$841.2K	$3.8M	$2.5M	$534.5K	$114.7K	$7.7M
Jack HartungFormer President and Chief Strategy Officer; Former Chief Financial and Administrative Officer	$518.5K	$5.2M	$1.3M	$249.0K	$117.8K	$7.4M
Chris BrandtFormer President, Chief Brand Officer	$781.2K	$4.0M	$1.0M	$372.9K	$98.9K	$6.3M
Roger Theodoredis*Former General Counsel, Chief Legal Officer	$661.9K	$3.2M	$800.0K	$284.3K	$28.9K	$5.0M
Adam Rymer*Chief Financial Officer	$650.0K	$1.8M	$1.2M	$292.5K	$49.9K	$4.0M