--- title: "Chipotle Mexican Grill: Business Model" description: "Chipotle Mexican Grill revenue by product line from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Chipotle Mexican Grill: Business Model & Revenue Engine ## Direct Answer Chipotle Mexican Grill reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Food and Beverage is the largest, with $11.9 billion of revenue (100% of the total), followed by Delivery Service at $60 million (0%). ## How Does Chipotle Mexican Grill Make Money? Food and Beverage supplies 100% of revenue, so Chipotle Mexican Grill's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Food and Beverage grew fastest (+5.5%) and Delivery Service slowest (-10.4%), so the revenue mix tilts toward Food and Beverage while that gap lasts. | Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Food and Beverage | $11.9 billion | $11.2 billion | 99.5% | 5.5% | | Delivery Service | $60 million | $66 million | 0.5% | -10.4% | ![Bar chart of Chipotle Mexican Grill revenue by product line for fiscal 2025: Food and Beverage 99.5%, Delivery Service 0.5%.](https://www.getswoopr.com/images/charts/chipotle-mexican-grill-business-model-segment-mix.webp) *Chipotle Mexican Grill revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 100% of Chipotle Mexican Grill's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Chipotle Mexican Grill reported in the segment note and revenue disclosures of its Form 10-K filed February 4, 2026 (accession 0001058090-26-000009), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Chipotle Mexican Grill's main products and services? In its fiscal 2025 Form 10-K, Chipotle Mexican Grill reports revenue for Food and Beverage and Delivery Service. ### Which part of Chipotle Mexican Grill brings in the most revenue? Food and Beverage, with $11.9 billion of revenue in fiscal 2025, or 100% of the total. ### Where does Chipotle Mexican Grill report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 4, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: CHIPOTLE MEXICAN GRILL INC Form 10-K filed February 4, 2026](https://www.sec.gov/Archives/edgar/data/1058090/000105809026000009/cmg-20251231.htm) - [SEC EDGAR: CHIPOTLE MEXICAN GRILL INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1058090&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Chipotle Mexican Grill company dossier](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/) - [Chipotle Mexican Grill financial metrics](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/metrics/) - [Chipotle Mexican Grill financial risk indicators](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/risks/) - [Chipotle Mexican Grill peer comparison](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/competitors/) - [Chipotle Mexican Grill business model and revenue mix](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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