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.
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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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