In Q1'26, Chipotle Mexican Grill (CMG) reported operating cash flow of $651M USD, marking a significant increase from $426M USD in Q4'25 and the highest quarterly figure over the analyzed period. Free cash flow for the same quarter reached $471M USD, up from $228M USD in the prior quarter, reflecting robust cash generation amid seasonal or operational improvements. Over the period from Q2'23 to Q1'26, operating cash flow exhibited volatility with a general upward trajectory, fluctuating between a low of $265M USD in Q4'23 and the recent peak of $651M USD, driven by periodic dips in Q3 and Q4 quarters possibly tied to holiday or expansion costs. Free cash flow followed a similar pattern, declining sharply to $94M USD in Q4'23 before recovering to average around $400M USD in recent years, underscoring CMG's ability to maintain positive cash flows despite capital expenditures, with both metrics showing resilience and growth in the latter half of the timeframe.