Chipotle Mexican Grill Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $403.5M | $302.8M | $330.9M | $382.1M | $436.1M | $386.6M | $331.8M | $387.4M |
| Depreciation & Amortization | $98.3M | $96.7M | $92.7M | $90.5M | $90.9M | $87.2M | $83.9M | $84.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $26.5M | $28.0M | $25.6M | $18.8M | $37.5M | $37.6M | $45.8M | $4.7M |
| Net Cash from Operating Activities | $680.7M | $651.4M | $425.8M | $569.7M | $561.3M | $557.1M | $526.8M | $446.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $217.3M | $180.3M | $197.5M | $163.5M | $160.6M | $144.8M | $172.9M | $147.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-45.3M | $-8.1M | $-27.7M | $-15.4M | $2.0M | $6.1M | $-136.0M | $-64.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $653.9M | $701.0M | $741.8M | $686.7M | $443.3M | $553.8M | $339.0M | $490.2M |
| Net Cash from Financing Activities | $-654.0M | $-747.5M | $-741.6M | $-700.5M | $-443.7M | $-585.2M | $-338.7M | $-489.6M |
| Net Change in Cash | $-18.5M | $-103.6M | $-343.7M | $-145.6M | $119.1M | $-22.3M | $51.9M | $-107.7M |
| Free Cash Flow | $463.4M | $471.0M | $228.4M | $406.2M | $400.7M | $412.3M | $353.9M | $299.0M |