Chipotle Mexican Grill Inc (CMG)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,228,737	1,170,378	1,114,299	1,032,451	899,101	808,849	756,145	684,177	652,984	710,468	586,278	406,479	355,766	237,223	255,561	338,414	350,158	309,761	249,383	205,239
Revenue (ttm)	US$ in thousands	9,871,650	9,535,930	9,284,160	8,982,700	8,634,660	8,414,690	8,146,830	7,826,030	7,547,070	7,194,150	6,843,240	6,315,440	5,984,630	5,817,140	5,619,430	5,688,920	5,586,370	5,371,210	5,192,520	5,024,810
Net profit margin		12.45%	12.27%	12.00%	11.49%	10.41%	9.61%	9.28%	8.74%	8.65%	9.88%	8.57%	6.44%	5.94%	4.08%	4.55%	5.95%	6.27%	5.77%	4.80%	4.08%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,228,737K ÷ $9,871,650K
= 12.45%

Chipotle Mexican Grill's net profit margin has shown a steady increase from 8.74% in Q1 2022 to 12.45% in Q4 2023. This indicates that the company has been able to effectively control its costs and improve its profitability over time. The consistent growth in net profit margin demonstrates Chipotle's ability to generate more profit from each dollar of revenue, reflecting operational efficiency and effective financial management. It is worth noting that the company's performance has outpaced the industry average, which could be attributed to factors such as effective cost management, pricing strategies, and strong sales growth. This trend suggests a positive outlook for Chipotle's financial health and its ability to deliver value to its stakeholders.