Chipotle Mexican Grill Inc (CMG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,228,740 | 899,101 | 652,984 | 355,766 | 350,158 |
| Revenue | US$ in thousands | 9,871,650 | 8,634,650 | 7,547,060 | 5,984,630 | 5,586,370 |
| Net profit margin | 12.45% | 10.41% | 8.65% | 5.94% | 6.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,228,740K ÷ $9,871,650K
= 12.45%
Chipotle Mexican Grill's net profit margin has shown an increasing trend over the past five years, reflecting the company's ability to generate more profit relative to its revenue. The net profit margin increased from 6.27% in 2019 to 12.45% in 2023. This may indicate improved cost management, pricing strategies, or operational efficiencies within the company. The consistent growth in net profit margin highlights Chipotle's strong financial performance and profitability over the years. Furthermore, the steady increase in net profit margin suggests that Chipotle has successfully managed its expenses and enhanced its profitability ratios, which could be viewed positively by investors and stakeholders.
Peer comparison
Dec 31, 2023