Follow $5 of your burrito through Chipotle's own annual report. Chipotle runs every one of its U.S. restaurants itself, so its receipt is close to the real split.
Chipotle keeps this much of every $5.10-K FY2025 · Consolidated statements of income
The food, the bowl and the bag.10-K FY2025 · Consolidated statements of income
The crew.10-K FY2025 · Consolidated statements of income
| Number | How we got it | Source |
|---|---|---|
| $1.48 | The food, the bowl and the bag: food, beverage and packaging $3,527.0M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
| $1.25 | The crew: labor $2,991.7M ÷ $11,925.6M × $5 = $1.254 | 10-K FY2025 · consolidated statements of income |
| 26¢ | The rent: occupancy $624.9M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
| 74¢ | Ads, delivery, card fees, power, upkeep: other operating costs $1,755.8M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income, note 1 |
| 27¢ | The head office: general and administrative $652.0M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
| 18¢ | Wear and tear, new restaurants, closures: depreciation $361.4M + pre-opening $49.5M + impairment and closures $27.5M = $438.4M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
| 17¢ | Tax, less interest it earned: income tax $473.8M less interest and other income $73.7M = $400.0M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
| 64¢ | Chipotle keeps: net income $1,535.8M ÷ $11,925.6M × $5 | 10-K FY2025 · consolidated statements of income |
Don't trust the headline, or the hot take, or even us. Every number in this story is in Chipotle's own annual report. Open it and check.
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