Chipotle Mexican Grill
Restaurants
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $11.3 billion in 2024. The Mexican concept is almost exclusively company-owned, with just three license stores operated through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of 3,726 stores at the end of 2024, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

$66B

Market Cap • 3/13/2025

1998

(27 years)

Founded

2006

(19 years ago)

IPO

NYSE

Listing Exchange

Flag of US

Newport Beach

Headquarters • California

S&P500 Participant

Index Composite • 2025