>
Switch to:

Chipotle Mexican Grill Gross Profit

: $1,477 Mil (TTM As of Jun. 2021)
View and export this data going back to 2006. Start your Free Trial

Chipotle Mexican Grill's gross profit for the three months ended in Jun. 2021 was $463 Mil. Chipotle Mexican Grill's gross profit for the trailing twelve months (TTM) ended in Jun. 2021 was $1,477 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Chipotle Mexican Grill's gross profit for the three months ended in Jun. 2021 was $463 Mil. Chipotle Mexican Grill's Revenue for the three months ended in Jun. 2021 was $1,893 Mil. Therefore, Chipotle Mexican Grill's Gross Margin % for the quarter that ended in Jun. 2021 was 24.46%.

Chipotle Mexican Grill had a gross margin of 24.46% for the quarter that ended in Jun. 2021 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Chipotle Mexican Grill was 27.21%. The lowest was 12.76%. And the median was 23.21%.

Warning Sign:

Chipotle Mexican Grill Inc gross margin has been in long term decline. The average rate of decline per year is -1.4%.


Chipotle Mexican Grill Gross Profit Historical Data

The historical data trend for Chipotle Mexican Grill's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chipotle Mexican Grill Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 498.21 756.22 910.99 1,142.49 1,041.08

Chipotle Mexican Grill Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 166.76 312.23 313.23 388.76 462.88

Competitive Comparison

For the Restaurants subindustry, Chipotle Mexican Grill's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Chipotle Mexican Grill Gross Profit Distribution

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Gross Profit distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Gross Profit falls into.



Chipotle Mexican Grill Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Chipotle Mexican Grill's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=5984.634 - 4943.553
=1,041

Chipotle Mexican Grill's Gross Profit for the quarter that ended in Jun. 2021 is calculated as

Gross Profit (Q: Jun. 2021 )=Revenue - Cost of Goods Sold
=1892.538 - 1429.656
=463

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,477 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Chipotle Mexican Grill's Gross Margin % for the quarter that ended in Jun. 2021 is calculated as

Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=463 / 1892.538
=24.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Chipotle Mexican Grill  (NYSE:CMG) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Chipotle Mexican Grill had a gross margin of 24.46% for the quarter that ended in Jun. 2021 => Competition eroding margins


Chipotle Mexican Grill Gross Profit Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Chipotle Mexican Grill Business Description

Chipotle Mexican Grill logo
Industry
Consumer Cyclical » Restaurants NAICS : 722513 SIC : 5812
Address
610 Newport Center Drive, Suite 1300, Newport Beach, CA, USA, 92660
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales approaching $6 billion in 2020. The Mexican concept is entirely company-owned, with a footprint of 2,850 stores heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Executives
Engles Gregg L director 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Winston Mary A director 557 BROADWAY C/O SCHOLASTIC CORP NEW YORK NY 10012
Niccol Brian R director, officer: Chairman, CEO 1 GLEN BELL WAY IRVINE CA 92618
Baldocchi Albert S director 1601 HIGH STREET BOULDER CO 80304
Boatwright Scott officer: Chief Restaurant Officer 1401 WYNKOOP STREET SUITE 500 DENVER CO 80202
Pringle Robin S director 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Maw Scott Harlan director 1411 E. MISSION AVENUE SPOKANE WA 99202
Paull Matthew H director MCDONALDS CORP 2915 JORIE BLVD OAK BROOK IL 60523
Flanzraich Neil director 4400 BISCAYNE BLVD MIAMI FL 33137
Cappuccio Paul T director TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Filikrushel Patricia director DOLLAR GENERAL CORPORATION 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Namvar Ali director C/O PERSHING SQUARE CAPITAL MANAGEMENT 888 SEVENTH AVENUE, 42ND FLOOR NEW YORK NY 10019
Garner Curtis E officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC. 330 GIBRALTAR DRIVE SUNNYVALE CA 94089
Andrada Marissa officer: Chief People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE NEW YORK NY 10016
Schalow Laurie officer: Chief Corp Reputation Officer 610 NEWPORT CENTER DRIVE SUITE 1300 NEWPORT BEACH CA 92660

Chipotle Mexican Grill Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)