--- title: "Chipotle Mexican Grill: History & Research Timeline" description: "History & Research Timeline for Chipotle Mexican Grill (CMG)." canonical: https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/history/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Chipotle Mexican Grill: History & Research Timeline ## Direct answer Chipotle Mexican Grill (CMG) is a Consumer Discretionary company and a constituent of the S&P 500 Equal Weight Index. This guide covers Chipotle Mexican Grill's business model, financial metrics, competitive position, risk factors, and index membership as an educational business primer. It does not constitute personalized investment advice or a buy, sell, or price-target recommendation. ## What Has Chipotle Mexican Grill Reported for Revenue Over Time? Chipotle Mexican Grill reported revenue of $11.9 billion for the fiscal year ended December 31, 2025, against $8.6 billion for the year ended December 31, 2022. That is a compound annual growth rate of 11.4% over 3 years. The figures are as reported in its annual filings and are not adjusted for acquisitions, disposals or changes in accounting. | Fiscal year | Revenue | Growth | Operating income | Net income | | --- | --- | --- | --- | --- | | FY2022ended December 31, 2022 | $8.6 billion | n/a | $1.2 billion | $899 million | | FY2023ended December 31, 2023 | $9.9 billion | +14.3% | $1.6 billion | $1.2 billion | | FY2024ended December 31, 2024 | $11.3 billion | +14.6% | $1.9 billion | $1.5 billion | | FY2025ended December 31, 2025 | $11.9 billion | +5.4% | $1.9 billion | $1.5 billion | ## Verified anchors - **1993** - founding or lineage field in the current constituent metadata. - **2011-04-28** - S&P 500 addition date for `CMG` in the constituent registry. - **2026-09-15** - current S&P 500 Equal Weight snapshot date used by Swoopr. ### Founding and predecessor businesses Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Initial public-market history Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Major products or market entries Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Transformative acquisitions and divestitures Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Restructurings and spin-offs Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Leadership transitions Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Regulatory or legal turning points Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Crises and recoveries Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Strategic pivots Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ### Current-era operating model Research this stage specifically for Chipotle Mexican Grill. Add an event only when a primary or high-quality authoritative source establishes the date and significance. Explain **why the event changed the economics**, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile. ## References - [SEC filings for Chipotle Mexican Grill](https://www.sec.gov/edgar/browse/?CIK=1058090&owner=exclude) - [S&P 500 Equal Weight Index](https://www.spglobal.com/spdji/en/indices/equity/sp-500-equal-weight-index/) - [S&P U.S. Indices Methodology](https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf) [Return to the main Chipotle Mexican Grill dossier](https://www.getswoopr.com/stocks/companies/chipotle-mexican-grill/). **[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. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).