Chipotle Mexican Grill Inc. (NYSE: CMG)
Restaurants · Newport Beach, CA, United States · Founded 1993
- Market capitalization: $75.0 billion
- Annual revenue: $11.93 billion
- Net income: $1.54 billion
- Employees: 116,000
- Sector: Consumer Cyclical
- Headquarters: Newport Beach, United States
- Founded: 1993
Source: Statvoo company profile for Chipotle Mexican Grill Inc.. Browse all 500+ companies
Chipotle operates over 3,500 fast-casual Mexican restaurants across the US, Canada, UK, France, and Germany. The company's "Food with Integrity" philosophy emphasizes responsibly raised meat, organic ingredients, and made-to-order burritos, bowls, tacos, and salads. Steve Ells founded Chipotle in Denver in 1993 with an $85,000 loan from his father. The company has become the gold standard for fast-casual dining.
Company-owned restaurants (no franchising) selling burritos, bowls, tacos, quesadillas, and sides. The limited menu keeps operations simple and food costs predictable. Digital sales (app, website, third-party delivery) account for over 35% of revenue. Chipotlanes (drive-through lanes for digital orders) are being added to new locations. Annual revenue exceeds $9.9 billion. Restaurant-level margins exceed 27%.
Ells opened the first Chipotle near the University of Denver in 1993. McDonald's was an early investor (1998-2006) and helped fund expansion. IPO in 2006 at $22 per share. E. coli and norovirus outbreaks in 2015-2016 devastated sales and the stock. Brian Niccol became CEO in 2018 and orchestrated a remarkable turnaround through digital ordering, menu innovation, and operational improvements. Niccol left for Starbucks in 2024.
| Market Capitalization | $75.0B |
| Annual Revenue | $11.93B |
| Net Income | $1.54B |
| Profit Margin | 13% |
| Revenue per Employee | $102845K |
| Stock Exchange | NYSE |
| Ticker Symbol | CMG |
Financial data is approximate and based on most recent annual filings.
Chipotle uses 97 million pounds of avocados per year u2014 more than almost any other restaurant chain. The company's famous "back-of-the-napkin" business plan was literally written on a napkin. Chipotle's stock split 50-for-1 in 2024 after the share price exceeded $3,300. The E. coli crisis wiped out 40% of the stock's value but the recovery under Niccol was one of the best turnaround stories in restaurant history.
Chipotle proved that fast-casual can scale massively without franchising u2014 the post-Niccol era is the big question mark, but the brand, digital infrastructure, and unit economics are best-in-class.
What is Chipotle Mexican Grill Inc.'s revenue?
Chipotle Mexican Grill Inc. generates approximately $11.93 billion in annual revenue.
How many employees does Chipotle Mexican Grill Inc. have?
Chipotle Mexican Grill Inc. employs approximately 116,000 people worldwide.
What is Chipotle Mexican Grill Inc.'s market cap?
Chipotle Mexican Grill Inc. (CMG) has a market capitalization of approximately $75.0 billion on the NYSE.
When was Chipotle Mexican Grill Inc. founded?
Chipotle Mexican Grill Inc. was founded in 1993 and is headquartered in Newport Beach, CA, United States.
Who is the CEO of Chipotle Mexican Grill Inc.?
Scott Boatwright is the current CEO of Chipotle Mexican Grill Inc..
What is Chipotle Mexican Grill Inc.'s website?
Chipotle Mexican Grill Inc.'s official website is chipotle.com.
| CEO | Scott Boatwright |
| Sector | Consumer Cyclical |
| Industry | Restaurants |
| Founded | 1993 |
| HQ | Newport Beach, CA |
| Country | United States |
| Website | chipotle.com |
See traffic, security, and technical data for Chipotle Mexican Grill Inc.'s website:
📊 chipotle.com stats 📋 WHOIS 🌐 DNS 🔒 SSL