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Pay vs Performance Disclosure - USD ($)
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2024
Aug. 13, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE TABLE
As described in “Compensation Discussion and Analysis,” our Compensation, People and Culture Committee has implemented an executive compensation program designed to link a substantial portion of our NEOs’ realized compensation to the achievement of financial, operational and strategic goals that we believe enhance long-term shareholder value. The table below sets forth additional compensation information for our NEOs, calculated in accordance with SEC regulations, for fiscal years 2020 through 2024:
 
 
 
 
 
 
 
Value of Initial Fixed $100
Investment Based On:
 
 
Fiscal Year
Summary
Compensation
Table Total
for CEO
Brian Niccol
(a)
Compensation
Actually Paid
to CEO
Brian Niccol
(b)
Summary
Compensation
Table Total
for CEO
Scott Boatwright
(a)
Compensation
Actually Paid
to CEO
Scott Boatwright
(b)
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs
(c)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
(d)
CMG Total
Shareholder
Return
(e)
Peer Group
Total
Shareholder
Return
(f)
Net
Income
($millions)
(g)
Company
Selected
Measure
(CSM) -
RCF
Dollars
($millions)
(h)
2024
$22,139,926
($55,032,138)
$19,137,518
$33,415,960
$12,732,330
$24,542,185
$360
$146
$1,534
$3,018
2023
$22,473,427
$95,261,876
$0
$0
$7,195,337
$28,967,744
$273
$142
$1,229
$2,586
2022
$17,186,153
($16,848,694)
$0
$0
$6,500,834
($6,223,351)
$166
$126
$899
$2,062
2021
$17,880,580
$66,215,877
$0
$0
$5,402,915
$22,935,919
$209
$140
$653
$1,707
2020
$38,035,868
$95,328,425
$0
$0
$14,751,175
$30,272,465
$166
$116
$356
$1,041
Column (a). Reflects compensation amounts reported in the Summary Compensation Table for our former CEO, Brian Niccol, and current CEO, Scott Boatwright, for the respective years shown.
Column (b). Reflects the respective amounts set forth in columns (a) of the table above, adjusted as set forth in the tables below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in columns (b) of the table above do not reflect the actual amount of compensation earned, realized or received by the CEOs during the applicable year, and a significant portion of the value is subject to forfeiture if the underlying vesting conditions with respect to the equity awards are not achieved. For information regarding the decisions made by our Compensation, People and Culture Committee regarding the CEO’s compensation for each fiscal year, see “Compensation Discussion and Analysis” and the tables and narrative explanations reporting pay for the fiscal years covered in the table above.
Year
Summary
Compensation
Table Total for
Brian Niccol
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Compensation
Actually Paid to
Brian Niccol
2024
$22,139,926
$20,711,924
$0
$0
$7,424,688
$63,884,828
($55,032,138)
2023
$22,473,427
$15,501,159
$52,191,463
$28,407,137
$7,691,008
$0
$95,261,876
2022
$17,186,153
$13,501,795
$7,812,978
($17,794,792)
($10,551,238)
$0
($16,848,694)
2021
$17,880,580
$12,001,072
$29,796,775
$29,160,321
$1,379,272
$0
$66,215,877
2020
$38,035,868
$33,223,032
$45,251,258
$54,892,816
($9,628,485)
$0
$95,328,425
Year
Summary
Compensation
Table Total for
Scott Boatwright
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Compensation
Actually Paid to
Scott Boatwright
2024
$19,137,518
$16,622,004
$21,604,316
$7,279,143
$2,016,987
$0
$33,415,960
Column (c). The following non-CEO NEOs are included in the average amounts for each year shown:
2024: Jack Hartung, Curt Garner, Christopher Brandt, Adam Rymer, Roger Theodoredis
2023: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
2022: Jack Hartung, Curt Garner, Christopher Brandt, Scott Boatwright and Marissa Andrada
2021: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
2020: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
Column (d). Reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned, realized, or received by the non-CEO NEOs during the applicable year, and a significant portion of the value is subject to forfeiture if the underlying vesting conditions with respect to the equity awards are not achieved. For information about the decisions made by our Compensation, People and Culture Committee regarding the non-CEO NEOs’ compensation for each fiscal year, see “Compensation Discussion and Analysis” and the related tables and narrative explanations reporting pay for the fiscal years covered in the table above.
Year
Summary
Compensation
Table Total for
Non-CEO
NEOs
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
2024
$12,732,330
$10,650,010
$14,483,857
$6,412,101
$1,563,907
$0
$24,542,185
2023
$7,195,337
$4,876,808
$16,111,788
$7,931,308
$2,606,119
$0
$28,967,744
2022
$6,500,834
$4,952,583
$2,987,539
($4,482,629)
($3,707,258)
$2,569,255
($6,223,351)
2021
$5,402,915
$3,313,428
$8,226,718
$10,490,185
$2,129,529
$0
$22,935,919
2020
$14,751,175
$13,147,324
$16,396,916
$13,279,493
($1,007,795)
$0
$30,272,465
Column (e). For the relevant fiscal year, represents the cumulative TSR of Chipotle through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2019.
Column (f). For the relevant fiscal year, represents the cumulative TSR of the S&P 500 Restaurants Index (Peer Group TSR) through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2019 and dividends were reinvested.
Column (g). Reflects net income in Chipotle’s Consolidated Income Statements included in the company’s Annual Reports on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021, and 2020.
Column (h). Company Selected Measure (“CSM”) is Restaurant Cash Flow Dollars (“RCF Dollars”), which is calculated as the company’s total revenue less restaurant operating costs (exclusive of depreciation and amortization) for the applicable company fiscal year.
       
Company Selected Measure Name     Restaurant Cash Flow Dollars        
Named Executive Officers, Footnote    
Column (a). Reflects compensation amounts reported in the Summary Compensation Table for our former CEO, Brian Niccol, and current CEO, Scott Boatwright, for the respective years shown.
Column (c). The following non-CEO NEOs are included in the average amounts for each year shown:
2024: Jack Hartung, Curt Garner, Christopher Brandt, Adam Rymer, Roger Theodoredis
2023: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
2022: Jack Hartung, Curt Garner, Christopher Brandt, Scott Boatwright and Marissa Andrada
2021: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
2020: Jack Hartung, Curt Garner, Christopher Brandt and Scott Boatwright
       
Peer Group Issuers, Footnote    
Column (f). For the relevant fiscal year, represents the cumulative TSR of the S&P 500 Restaurants Index (Peer Group TSR) through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2019 and dividends were reinvested.
       
Adjustment To PEO Compensation, Footnote    
Column (b). Reflects the respective amounts set forth in columns (a) of the table above, adjusted as set forth in the tables below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in columns (b) of the table above do not reflect the actual amount of compensation earned, realized or received by the CEOs during the applicable year, and a significant portion of the value is subject to forfeiture if the underlying vesting conditions with respect to the equity awards are not achieved. For information regarding the decisions made by our Compensation, People and Culture Committee regarding the CEO’s compensation for each fiscal year, see “Compensation Discussion and Analysis” and the tables and narrative explanations reporting pay for the fiscal years covered in the table above.
Year
Summary
Compensation
Table Total for
Brian Niccol
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Compensation
Actually Paid to
Brian Niccol
2024
$22,139,926
$20,711,924
$0
$0
$7,424,688
$63,884,828
($55,032,138)
2023
$22,473,427
$15,501,159
$52,191,463
$28,407,137
$7,691,008
$0
$95,261,876
2022
$17,186,153
$13,501,795
$7,812,978
($17,794,792)
($10,551,238)
$0
($16,848,694)
2021
$17,880,580
$12,001,072
$29,796,775
$29,160,321
$1,379,272
$0
$66,215,877
2020
$38,035,868
$33,223,032
$45,251,258
$54,892,816
($9,628,485)
$0
$95,328,425
Year
Summary
Compensation
Table Total for
Scott Boatwright
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Compensation
Actually Paid to
Scott Boatwright
2024
$19,137,518
$16,622,004
$21,604,316
$7,279,143
$2,016,987
$0
$33,415,960
       
Non-PEO NEO Average Total Compensation Amount     $ 12,732,330 $ 7,195,337 $ 6,500,834 $ 5,402,915 $ 14,751,175
Non-PEO NEO Average Compensation Actually Paid Amount     $ 24,542,185 28,967,744 (6,223,351) 22,935,919 30,272,465
Adjustment to Non-PEO NEO Compensation Footnote    
Column (d). Reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned, realized, or received by the non-CEO NEOs during the applicable year, and a significant portion of the value is subject to forfeiture if the underlying vesting conditions with respect to the equity awards are not achieved. For information about the decisions made by our Compensation, People and Culture Committee regarding the non-CEO NEOs’ compensation for each fiscal year, see “Compensation Discussion and Analysis” and the related tables and narrative explanations reporting pay for the fiscal years covered in the table above.
Year
Summary
Compensation
Table Total for
Non-CEO
NEOs
Less:
Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)
Plus:
Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year
Plus:
Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years
Plus:
Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year
($)
Less:
Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
2024
$12,732,330
$10,650,010
$14,483,857
$6,412,101
$1,563,907
$0
$24,542,185
2023
$7,195,337
$4,876,808
$16,111,788
$7,931,308
$2,606,119
$0
$28,967,744
2022
$6,500,834
$4,952,583
$2,987,539
($4,482,629)
($3,707,258)
$2,569,255
($6,223,351)
2021
$5,402,915
$3,313,428
$8,226,718
$10,490,185
$2,129,529
$0
$22,935,919
2020
$14,751,175
$13,147,324
$16,396,916
$13,279,493
($1,007,795)
$0
$30,272,465
       
Compensation Actually Paid vs. Total Shareholder Return            
Compensation Actually Paid vs. Net Income            
Compensation Actually Paid vs. Company Selected Measure            
Total Shareholder Return Vs Peer Group            
Tabular List, Table    
The following table identifies the four most important performance measures used by our Compensation, People and Culture Committee to link the compensation actually paid (“CAP”) to our CEOs and other NEOs in 2024 to company performance. The role of each of these performance measures on our NEOs’ compensation is discussed in “Compensation Discussion and Analysis” above.
Most Important Performance Measures
Restaurant Cash Flow (RCF) Dollars
Comparable Restaurant Sales (CRS) Growth
Site Assessment Requests (SARs)
RCF Margin %
       
Total Shareholder Return Amount     $ 360 273 166 209 166
Peer Group Total Shareholder Return Amount     146 142 126 140 116
Net Income (Loss)     $ 1,534,000,000 $ 1,229,000,000 $ 899,000,000 $ 653,000,000 $ 356,000,000
Company Selected Measure Amount     3,018,000,000 2,586,000,000 2,062,000,000 1,707,000,000 1,041,000,000
PEO Name Scott Boatwright Brian Niccol   Brian Niccol Brian Niccol Brian Niccol Brian Niccol
Measure:: 1              
Pay vs Performance Disclosure              
Name     Restaurant Cash Flow (RCF) Dollars        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Site Assessment Requests (SARs)        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Comparable Restaurant Sales (CRS) Growth        
Measure:: 4              
Pay vs Performance Disclosure              
Name     RCF Margin %        
Scott Boatwright [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 19,137,518 $ 0 $ 0 $ 0 $ 0
PEO Actually Paid Compensation Amount     33,415,960 0 0 0 0
Brian Niccol [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     22,139,926 22,473,427 17,186,153 17,880,580 38,035,868
PEO Actually Paid Compensation Amount     (55,032,138) 95,261,876 (16,848,694) 66,215,877 95,328,425
PEO | Scott Boatwright [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (16,622,004)        
PEO | Scott Boatwright [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     21,604,316        
PEO | Scott Boatwright [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     7,279,143        
PEO | Scott Boatwright [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,016,987        
PEO | Scott Boatwright [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Brian Niccol [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (20,711,924) (15,501,159) (13,501,795) (12,001,072) (33,223,032)
PEO | Brian Niccol [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 52,191,463 7,812,978 29,796,775 45,251,258
PEO | Brian Niccol [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 28,407,137 (17,794,792) 29,160,321 54,892,816
PEO | Brian Niccol [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     7,424,688 7,691,008 (10,551,238) 1,379,272 (9,628,485)
PEO | Brian Niccol [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (63,884,828) 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (10,650,010) (4,876,808) (4,952,583) (3,313,428) (13,147,324)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     14,483,857 16,111,788 2,987,539 8,226,718 16,396,916
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     6,412,101 7,931,308 (4,482,629) 10,490,185 13,279,493
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,563,907 2,606,119 (3,707,258) 2,129,529 (1,007,795)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ 0 $ (2,569,255) $ 0 $ 0