Stock Analysis on Net
Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Chipotle Mexican Grill Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income1 ÷ Shareholders’ equity1
Dec 31, 2024 = 100 × ÷
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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

The annual financial data over the observed period reveals significant trends in net income, shareholders’ equity, and return on equity (ROE).

Net Income
Net income shows an overall upward trajectory with occasional fluctuations. Starting from approximately 37.7 million US dollars in 2005, net income consistently increased to reach a peak exceeding 475 million US dollars by 2015. A notable decline occurred in 2016, dropping sharply to approximately 22.9 million, followed by recovery and growth in subsequent years, culminating in strong gains surpassing 1.5 billion US dollars by 2024. This indicates a resilience with the capacity to rebound strongly after setbacks.
Shareholders’ Equity
Shareholders’ equity demonstrates steady growth throughout the period, rising from about 309 million US dollars in 2005 to over 3.6 billion US dollars in 2024. While the growth pace slowed somewhat around 2015 and 2016, the equity base continued to expand, reflecting an accumulation of retained earnings and/or potential capital inflows. The consistent increase supports the company's capacity to finance growth and absorb potential losses.
Return on Equity (ROE)
The ROE metric generally reflects strong profitability relative to shareholders’ equity but exhibits notable volatility. Initial values oscillated between roughly 8.7% and 22.4% from 2005 through 2015, pointing to relatively stable returns. A significant drop to 1.64% was observed in 2016, aligning with the low net income that year. Subsequent periods show a robust recovery and an upward trend, with ROE reaching exceptionally high levels nearing 42% by 2024, indicating an increasingly efficient generation of profit from equity, albeit possibly impacted by changes in capital structure or net income variability.

Overall, the data suggests a company with substantial growth in profitability and equity over nearly two decades, punctuated by a significant dip around 2016 followed by a strong rebound. The consistent equity growth combined with increasingly high ROE in later years points toward improved operational efficiency and effective capital management during the most recent periods analyzed.

Comparison to Competitors

Chipotle Mexican Grill Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Chipotle Mexican Grill Inc. Airbnb Inc. Booking Holdings Inc. McDonald’s Corp. Starbucks Corp.
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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., ROE, long-term trends, comparison to sector (consumer services)

Microsoft Excel
Chipotle Mexican Grill Inc. Consumer Services
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
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Dec 31, 2005

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., ROE, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel
Chipotle Mexican Grill Inc. Consumer Discretionary
Dec 31, 2024
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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).