Chipotle Mexican Grill, Inc.
CMG
Jodie read · what matters now
Revenue rose 9.3% to $3.3B, operating income fell 6% and cash plunged 73% to $228.2M in the latest 10-Q.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to CMG, and whether its market group begins moving.
Earlier comparable assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-30 against the comparable filing from 2025-04-24.
A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.
What improved
- Revenue increased 7.4% versus the comparable filing period.
- Operating cash flow covered net income at 2.15x, improving versus the comparable period.
What weakened
- Operating margin fell 3.8 percentage points.
- Net income decreased 21.7% versus the comparable filing period.
- Net margin fell 3.6 percentage points.
Filing receipts
“The increase was primarily driven by a 0.4% impact from costs related to certain legal proceedings, 0.3% from wage inflation, 0.3% from lower average restaurant sales volumes, and 0.2% from higher benefits expense, including performance-based bonuses.”
“The increase was due to the impact from several items, primarily 0.4% increase in marketing and promotional activities, 0.2% increase in utilities, and 0.2% higher delivery expense associated with increased delivery sales.”
“The change was primarily due to increased capital expenditures of $35.5 million, mainly related to costs associated with new restaurant development and the purchase of new equipment for existing restaurants.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind CMG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 6 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
CMG is currently a Participant in the organic co-movement group Payment Technology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.