As of Q4'25, Chipotle Mexican Grill (CMG) reported an operating income of USD 420.3M, with a year-over-year growth rate of 1.1%. This marks a modest increase compared to the same quarter in the previous year. From Q1'23 to Q4'25, CMG's operating income exhibited a generally upward trend, peaking at USD 586.1M in Q2'24 before experiencing some fluctuations. Year-over-year growth was especially strong in early periods, reaching as high as 93% in Q1'23, but has since decelerated, even turning slightly negative in Q2'25. Overall, while operating income remains robust, recent quarters indicate a slowdown in growth momentum.