Net Profit Margin
since 2005
Calculation
Chipotle Mexican Grill Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 13.56% | = | 100 | × | 1,534,110) | ÷ | 11,313,853) |
| Dec 31, 2023 | 12.45% | = | 100 | × | 1,228,737) | ÷ | 9,871,649) |
| Dec 31, 2022 | 10.41% | = | 100 | × | 899,101) | ÷ | 8,634,652) |
| Dec 31, 2021 | 8.65% | = | 100 | × | 652,984) | ÷ | 7,547,061) |
| Dec 31, 2020 | 5.94% | = | 100 | × | 355,766) | ÷ | 5,984,634) |
| Dec 31, 2019 | 6.27% | = | 100 | × | 350,158) | ÷ | 5,586,369) |
| Dec 31, 2018 | 3.63% | = | 100 | × | 176,553) | ÷ | 4,864,985) |
| Dec 31, 2017 | 3.94% | = | 100 | × | 176,253) | ÷ | 4,476,412) |
| Dec 31, 2016 | 0.59% | = | 100 | × | 22,938) | ÷ | 3,904,384) |
| Dec 31, 2015 | 10.57% | = | 100 | × | 475,602) | ÷ | 4,501,223) |
| Dec 31, 2014 | 10.84% | = | 100 | × | 445,374) | ÷ | 4,108,269) |
| Dec 31, 2013 | 10.19% | = | 100 | × | 327,438) | ÷ | 3,214,591) |
| Dec 31, 2012 | 10.18% | = | 100 | × | 278,000) | ÷ | 2,731,224) |
| Dec 31, 2011 | 9.47% | = | 100 | × | 214,945) | ÷ | 2,269,548) |
| Dec 31, 2010 | 9.75% | = | 100 | × | 178,981) | ÷ | 1,835,922) |
| Dec 31, 2009 | 8.35% | = | 100 | × | 126,845) | ÷ | 1,518,417) |
| Dec 31, 2008 | 5.87% | = | 100 | × | 78,202) | ÷ | 1,331,968) |
| Dec 31, 2007 | 6.50% | = | 100 | × | 70,563) | ÷ | 1,085,782) |
| Dec 31, 2006 | 5.03% | = | 100 | × | 41,423) | ÷ | 822,930) |
| Dec 31, 2005 | 6.01% | = | 100 | × | 37,696) | ÷ | 627,695) |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Net Income Trend
- Net income exhibited a consistent upward trajectory from 2005 to 2015, rising from 37,696 thousand US dollars to a peak of 475,602 thousand US dollars. However, in 2016, net income sharply declined to 22,938 thousand US dollars, representing a significant drop. From 2017 onward, it progressively recovered, surpassing previous highs and reaching 1,534,110 thousand US dollars by 2024, indicating substantial growth in recent years.
- Revenue Trend
- Revenue demonstrated a steady and strong growth over the entire period. Starting at 627,695 thousand US dollars in 2005, it nearly doubled by 2010 and continued to increase consistently, with minor deceleration in 2016, where revenues decreased slightly compared to 2015. After this, revenue growth resumed, reaching approximately 11.3 billion US dollars by 2024, signifying robust business expansion.
- Net Profit Margin Analysis
- Net profit margin fluctuated between 2005 and 2015, generally remaining in the range of 5% to 11%. Notably, in 2016, margin fell drastically to 0.59%, coinciding with the sharp drop in net income that year. Margins gradually recovered in subsequent years, climbing to 13.56% by 2024, reflecting improved operational efficiency and profitability despite fluctuations and challenges earlier in the timeline.
- Overall Insights
- The company showed strong revenue expansion throughout the period, indicating successful scaling and market penetration. The substantial dip in net income and profit margin around 2016 suggests a period of significant operational or market difficulties. Recovery after this downturn was strong, with both net income and profit margin achieving record levels by 2024, demonstrating resilience and effective management toward profitability enhancement. Growth in revenue outpaced the initial net income growth, with profitability margins improving more significantly in later years, implying better cost control and margin optimization over time.
Comparison to Competitors
Chipotle Mexican Grill Inc., net profit margin, long-term trends, comparison to competitors
| Chipotle Mexican Grill Inc. | Airbnb Inc. | Booking Holdings Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 13.56% | 23.85% | 24.78% | 31.72% | 10.40% |
| Dec 31, 2023 | 12.45% | 48.32% | 20.07% | 33.22% | 11.46% |
| Dec 31, 2022 | 10.41% | 22.54% | 17.89% | 26.65% | 10.18% |
| Dec 31, 2021 | 8.65% | -5.88% | 10.63% | 32.49% | 14.45% |
| Dec 31, 2020 | 5.94% | -135.71% | 0.87% | 24.63% | 3.95% |
| Dec 31, 2019 | 6.27% | — | 32.29% | 28.59% | 13.58% |
| Dec 31, 2018 | 3.63% | — | 27.52% | 28.18% | 18.28% |
| Dec 31, 2017 | 3.94% | — | 18.46% | 22.75% | 12.89% |
| Dec 31, 2016 | 0.59% | — | 19.87% | 19.03% | 13.22% |
| Dec 31, 2015 | 10.57% | — | 27.66% | 17.82% | 14.39% |
| Dec 31, 2014 | 10.84% | — | 28.69% | 17.34% | 12.57% |
| Dec 31, 2013 | 10.19% | — | 27.86% | 19.87% | 0.06% |
| Dec 31, 2012 | 10.18% | — | 26.98% | 19.82% | 10.40% |
| Dec 31, 2011 | 9.47% | — | 24.25% | 20.38% | 10.65% |
| Dec 31, 2010 | 9.75% | — | 17.10% | 20.55% | 8.83% |
| Dec 31, 2009 | 8.35% | — | 20.93% | 20.01% | 4.00% |
| Dec 31, 2008 | 5.87% | — | 10.26% | 18.34% | 3.04% |
| Dec 31, 2007 | 6.50% | — | 11.15% | 10.51% | 7.15% |
| Dec 31, 2006 | 5.03% | — | 6.63% | 16.42% | 7.25% |
| Dec 31, 2005 | 6.01% | — | 20.02% | 12.72% | 7.76% |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Services)
Chipotle Mexican Grill Inc., net profit margin, long-term trends, comparison to sector (consumer services)
| Chipotle Mexican Grill Inc. | Consumer Services | |
|---|---|---|
| Dec 31, 2024 | 13.56% | 20.37% |
| Dec 31, 2023 | 12.45% | 22.32% |
| Dec 31, 2022 | 10.41% | 17.09% |
| Dec 31, 2021 | 8.65% | 17.21% |
| Dec 31, 2020 | 5.94% | 2.53% |
| Dec 31, 2019 | 6.27% | 21.75% |
| Dec 31, 2018 | 3.63% | 22.44% |
| Dec 31, 2017 | 3.94% | 16.99% |
| Dec 31, 2016 | 0.59% | 15.95% |
| Dec 31, 2015 | 10.57% | 17.69% |
| Dec 31, 2014 | 10.84% | 17.17% |
| Dec 31, 2013 | 10.19% | 14.74% |
| Dec 31, 2012 | 10.18% | 17.49% |
| Dec 31, 2011 | 9.47% | 17.69% |
| Dec 31, 2010 | 9.75% | 16.62% |
| Dec 31, 2009 | 8.35% | 15.28% |
| Dec 31, 2008 | 5.87% | 13.20% |
| Dec 31, 2007 | 6.50% | 9.50% |
| Dec 31, 2006 | 5.03% | 13.49% |
| Dec 31, 2005 | 6.01% | 11.71% |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Chipotle Mexican Grill Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Chipotle Mexican Grill Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2024 | 13.56% | 8.74% |
| Dec 31, 2023 | 12.45% | 7.92% |
| Dec 31, 2022 | 10.41% | 5.15% |
| Dec 31, 2021 | 8.65% | 9.20% |
| Dec 31, 2020 | 5.94% | 5.24% |
| Dec 31, 2019 | 6.27% | 5.92% |
| Dec 31, 2018 | 3.63% | 6.19% |
| Dec 31, 2017 | 3.94% | 4.38% |
| Dec 31, 2016 | 0.59% | 5.77% |
| Dec 31, 2015 | 10.57% | 6.37% |
| Dec 31, 2014 | 10.84% | 4.66% |
| Dec 31, 2013 | 10.19% | 5.29% |
| Dec 31, 2012 | 10.18% | 5.32% |
| Dec 31, 2011 | 9.47% | 8.80% |
| Dec 31, 2010 | 9.75% | 5.80% |
| Dec 31, 2009 | 8.35% | 4.94% |
| Dec 31, 2008 | 5.87% | 0.22% |
| Dec 31, 2007 | 6.50% | 3.23% |
| Dec 31, 2006 | 5.03% | 0.73% |
| Dec 31, 2005 | 6.01% | 4.49% |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).