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Chipotle Mexican Grill Gross Profit

: $1,074 Mil (TTM As of Sep. 2019)
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Chipotle Mexican Grill's gross profit for the three months ended in Sep. 2019 was $292 Mil. Chipotle Mexican Grill's gross profit for the trailing twelve months (TTM) ended in Sep. 2019 was $1,074 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Chipotle Mexican Grill's gross profit for the three months ended in Sep. 2019 was $292 Mil. Chipotle Mexican Grill's Revenue for the three months ended in Sep. 2019 was $1,404 Mil. Therefore, Chipotle Mexican Grill's Gross Margin % for the quarter that ended in Sep. 2019 was 20.79%.

Chipotle Mexican Grill had a gross margin of 20.79% for the quarter that ended in Sep. 2019 => 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 26.03%.

Warning Sign:

Chipotle Mexican Grill Inc gross margin has been in long term decline. The average rate of decline per year is -10.5%.


Chipotle Mexican Grill Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Chipotle Mexican Grill Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,117.76 1,174.29 498.21 756.22 910.99

Chipotle Mexican Grill Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 228.75 208.31 274.50 299.66 291.89

Competitive Comparison
* 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.


Chipotle Mexican Grill Gross Profit Distribution

* 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. 2018 is calculated as

Gross Profit (A: Dec. 2018 )=Revenue - Cost of Goods Sold
=4864.985 - 3953.993
=911

Chipotle Mexican Grill's Gross Profit for the quarter that ended in Sep. 2019 is calculated as

Gross Profit (Q: Sep. 2019 )=Revenue - Cost of Goods Sold
=1403.697 - 1111.809
=292

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2019 was 208.309 (Dec. 2018 ) + 274.495 (Mar. 2019 ) + 299.662 (Jun. 2019 ) + 291.888 (Sep. 2019 ) = $1,074 Mil.

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

Chipotle Mexican Grill's Gross Margin % for the quarter that ended in Sep. 2019 is calculated as

Gross Margin % (Q: Sep. 2019 )=Gross Profit (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=292 / 1403.697
=20.79 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 20.79% for the quarter that ended in Sep. 2019 => Competition eroding margins


Chipotle Mexican Grill Gross Profit Related Terms


Chipotle Mexican Grill Gross Profit Headlines

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