Stock Analysis on Net
Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Common-Size Income Statement

Chipotle Mexican Grill Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Food and beverage revenue 99.32 99.11 98.81 98.93 99.55
Delivery service revenue 0.68 0.89 1.19 1.07 0.45
Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Food, beverage and packaging -29.50 -30.14 -30.59 -32.30 -33.08
Labor -24.73 -25.46 -25.41 -26.62 -26.35
Occupancy -5.10 -5.33 -5.52 -6.48 -6.50
Other operating costs -14.47 -15.19 -15.86 -17.21 -13.62
Restaurant operating costs, exclusive of depreciation and amortization -73.80% -76.12% -77.38% -82.60% -79.55%
Gross profit 26.20% 23.88% 22.62% 17.40% 20.45%
General and administrative expenses -6.42 -6.53 -8.04 -7.79 -8.08
Depreciation and amortization -3.24 -3.32 -3.37 -3.99 -3.81
Pre-opening costs -0.37 -0.34 -0.28 -0.26 -0.20
Impairment, closure costs, and asset disposals -0.39 -0.24 -0.26 -0.51 -0.41
Income from operations 15.78% 13.44% 10.67% 4.85% 7.95%
Interest and other income, net 0.64 0.24 0.10 0.06 0.26
Income before income taxes 16.42% 13.68% 10.77% 4.91% 8.20%
(Provision) benefit for income taxes -3.97 -3.27 -2.12 1.04 -1.94
Net income 12.45% 10.41% 8.65% 5.94% 6.27%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Chipotle Mexican Grill Inc. income from operations as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Chipotle Mexican Grill Inc. income before income taxes as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Chipotle Mexican Grill Inc. net income as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.