Chipotle Mexican Grill Inc (CMG)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	4,117,220	3,564,030	2,972,920	2,459,970	1,781,550
Revenue	US$ in thousands	11,313,900	9,871,650	8,634,650	7,547,060	5,984,630
Gross profit margin		36.39%	36.10%	34.43%	32.60%	29.77%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,117,220K ÷ $11,313,900K
= 36.39%

Based on the provided data, Chipotle Mexican Grill Inc's gross profit margin has shown a positive trend over the past five years, increasing from 29.77% in December 31, 2020, to 36.39% in December 31, 2024. This indicates that the company has been effectively managing its cost of goods sold relative to its revenue, resulting in improved profitability. The consistent growth in gross profit margin demonstrates Chipotle's ability to optimize its operational efficiency and pricing strategies to generate higher profits from its core business activities. Additionally, the gradual enhancement of the gross profit margin reflects a stronger competitive position and potential financial stability for the company in the long term.