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McDonald's Corporation(MCD)Earnings, Financials & Key Ratios
MCD•NYSE
23.3× P/E·Price updated Jun 19, 2026
AboutMcDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is headquartered in Chicago, Illinois.Show more
- Revenue$26.89B+3.7%
- EBITDA$14.55B+5.4%
- Net Income$8.56B+4.1%
- EPS (Diluted)11.95+4.9%
- Gross Margin57.41%+1.2%
- EBITDA Margin54.12%+1.6%
- Operating Margin46.1%+2.0%
- Net Margin31.85%+0.4%
MCD Key Insights
McDonald's Corporation (MCD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 26.7% free cash flow margin
- ✓17 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.6%
- ✓Healthy 5Y average net margin of 31.2%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MCD Price & Volume
McDonald's Corporation (MCD) stock price & volume — 10-year historical chart
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MCD Growth Metrics
McDonald's Corporation (MCD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.56%
5 Years6.96%
3 Years5.06%
TTM6.77%
Profit CAGR
10 Years6.58%
5 Years12.6%
3 Years11.5%
TTM6.33%
EPS CAGR
10 Years9.55%
5 Years13.62%
3 Years12.78%
TTM7.06%
Return on Capital
10 Years23.91%
5 Years22.36%
3 Years23.62%
Last Year23.28%
MCD Recent Earnings
McDonald's Corporation (MCD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$2.83+3.3%
$2.74
Rev
$6.5B+0.7%
$6.5B
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$3.12+2.3%
$3.05
Rev
$7.0B+2.5%
$6.8B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$3.22-3.3%
$3.33
Rev
$7.1B-0.1%
$7.1B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$3.19+1.6%
$3.14
Rev
$6.8B+2.2%
$6.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $2.83vs $2.74+3.3% | $6.5Bvs $6.5B+0.7% |
| Q1 2026 | Feb 11, 2026 | $3.12vs $3.05+2.3% | $7.0Bvs $6.8B+2.5% |
| Q4 2025 | Nov 5, 2025 | $3.22vs $3.33-3.3% | $7.1Bvs $7.1B-0.1% |
| Q3 2025 | Aug 6, 2025 | $3.19vs $3.14+1.6% | $6.8Bvs $6.7B+2.2% |
Based on last 12 quarters of dataView full earnings history →
MCD Peer Comparison
McDonald's Corporation (MCD) competitors in Quick-Service Food Chains — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 YUM | 42.01B | 151.99 | 27.34 | 8.81% | 20.48% | |||
 QSR | 25.45B | 73.44 | 31.25 | 12.23% | 9.96% | 18.45% | 3.41 | |
 WEN | 1.3B | 6.80 | 8 | -3.1% | 7.81% | 150.73% | 35.31 | |
 JACK | 244.14M | 12.80 | -3.04 | -6.75% | 2.82% | |||
 SHAK | 2.38B | 59.08 | 54.20 | 15.38% | 2.76% | 7.62% | 1.63 | |
 CMG | 42.31B | 32.49 | 28.50 | 5.41% | 11.96% | 48.45% | 3.48 | |
 SBUX | 114.71B | 100.65 | 61.75 | 2.79% | 3.63% | |||
 DPZ | 10.51B | 312.47 | 17.78 | 4.96% | 11.89% |
Compare MCD vs Peers
McDonald's Corporation (MCD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MCD Income Statement
McDonald's Corporation (MCD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 22.82B | 21.26B | 21.36B | 19.21B | 23.22B | 23.18B | 25.5B | 25.92B | 26.89B | 27.45B |
Revenue Growth % | -7.32% | -6.85% | 0.5% | -10.09% | 20.9% | -0.18% | 9.98% | 1.67% | 3.72% | 6.77% |
Cost of Goods Sold | 12.2B | 10.43B | 10.19B | 9.46B | 10.64B | 9.97B | 10.93B | 11.21B | 11.45B | 11.71B |
COGS % of Revenue | 53.46% | 49.04% | 47.67% | 49.23% | 45.83% | 43.03% | 42.88% | 43.25% | 42.59% | - |
Gross Profit | 10.62B▲ 0% | 10.83B▲ 2.0% | 11.18B▲ 3.2% | 9.75B▼ 12.8% | 12.58B▲ 29.0% | 13.21B▲ 5.0% | 14.56B▲ 10.3% | 14.71B▲ 1.0% | 15.44B▲ 4.9% | 15.74B▲ 0% |
Gross Margin % | 46.54% | 50.96% | 52.33% | 50.77% | 54.17% | 56.97% | 57.12% | 56.75% | 57.41% | 57.35% |
Gross Profit Growth % | 4.08% | 1.99% | 3.2% | -12.77% | 29% | 4.98% | 10.27% | 1% | 4.93% | - |
Operating Expenses | 1.07B | 2.01B | 2.11B | 2.43B | 2.22B | 3.84B | 2.92B | 3B | 3.04B | 3.11B |
OpEx % of Revenue | 4.68% | 9.46% | 9.87% | 12.64% | 9.58% | 16.55% | 11.44% | 11.57% | 11.31% | - |
Selling, General & Admin | 2.23B | 1.99B | 1.97B | 2.25B | 2.38B | 2.49B | 2.44B | 2.41B | 2.58B | 2.66B |
SG&A % of Revenue | 9.78% | 9.34% | 9.21% | 11.69% | 10.24% | 10.75% | 9.55% | 9.31% | 9.61% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -1.16B | 24.6M | 142.7M | 183.1M | -153.6M | 1.34B | 482M | 586M | 459M | 4M |
Operating Income | 9.55B▲ 0% | 8.82B▼ 7.6% | 9.07B▲ 2.8% | 7.32B▼ 19.2% | 10.36B▲ 41.4% | 9.37B▼ 9.5% | 11.65B▲ 24.3% | 11.71B▲ 0.6% | 12.39B▲ 5.8% | 12.63B▲ 0% |
Operating Margin % | 41.86% | 41.5% | 42.45% | 38.13% | 44.59% | 40.42% | 45.68% | 45.19% | 46.1% | 46.01% |
Operating Income Growth % | 23.35% | -7.64% | 2.8% | -19.25% | 41.4% | -9.51% | 24.29% | 0.56% | 5.81% | - |
EBITDA | 10.92B | 10.3B | 10.69B | 9.08B | 12.22B | 11.24B | 13.63B | 13.81B | 14.55B | 14.83B |
EBITDA Margin % | 47.83% | 48.47% | 50.03% | 47.25% | 52.64% | 48.49% | 53.44% | 53.28% | 54.12% | 54.04% |
EBITDA Growth % | 17.87% | -5.6% | 3.72% | -15.09% | 34.69% | -8.03% | 21.2% | 1.35% | 5.37% | 8.02% |
D&A (Non-Cash Add-back) | 1.36B | 1.48B | 1.62B | 1.75B | 1.87B | 1.87B | 1.98B | 2.1B | 2.16B | 2.2B |
EBIT | 9.49B | 8.8B | 9.14B | 7.36B | 10.31B | 9.03B | 11.88B | 11.85B | 12.48B | 12.72B |
Net Interest Income | -914.3M | -977.2M | -1.08B | -1.2B | -1.18B | -1.16B | -1.17B | -1.4B | -1.52B | -1.55B |
Interest Income | 7M | 4M | 37M | 18M | 9M | 44M | 187M | 103M | 63M | 53M |
Interest Expense | 921.3M | 981.2M | 1.12B | 1.22B | 1.19B | 1.21B | 1.36B | 1.51B | 1.58B | 1.61B |
Other Income/Expense | -979.2M | -1.01B | -1.05B | -1.18B | -1.23B | -1.55B | -1.13B | -1.37B | -1.5B | -1.52B |
Pretax Income | 8.57B▲ 0% | 7.82B▼ 8.8% | 8.02B▲ 2.6% | 6.14B▼ 23.4% | 9.13B▲ 48.6% | 7.83B▼ 14.3% | 10.52B▲ 34.5% | 10.35B▼ 1.7% | 10.9B▲ 5.3% | 11.11B▲ 0% |
Pretax Margin % | 37.57% | 36.77% | 37.53% | 31.97% | 39.31% | 33.75% | 41.27% | 39.91% | 40.53% | 40.48% |
Income Tax | 3.38B | 1.89B | 1.99B | 1.41B | 1.58B | 1.65B | 2.05B | 2.12B | 2.33B | 2.43B |
Effective Tax Rate % | 39.44% | 24.2% | 24.85% | 22.96% | 17.34% | 21.06% | 19.51% | 20.5% | 21.42% | 21.89% |
Net Income | 5.19B▲ 0% | 5.92B▲ 14.1% | 6.03B▲ 1.7% | 4.73B▼ 21.5% | 7.55B▲ 59.5% | 6.18B▼ 18.1% | 8.47B▲ 37.1% | 8.22B▼ 2.9% | 8.56B▲ 4.1% | 8.68B▲ 0% |
Net Margin % | 22.75% | 27.87% | 28.2% | 24.63% | 32.49% | 26.65% | 33.22% | 31.72% | 31.85% | 31.62% |
Net Income Growth % | 10.79% | 14.1% | 1.71% | -21.49% | 59.5% | -18.13% | 37.11% | -2.9% | 4.13% | 6.33% |
Net Income (Continuing) | 5.19B | 5.92B | 6.03B | 4.73B | 7.55B | 6.18B | 8.47B | 8.22B | 8.56B | 8.68B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 6.37▲ 0% | 7.54▲ 18.4% | 7.88▲ 4.5% | 6.31▼ 19.9% | 10.04▲ 59.1% | 8.33▼ 17.0% | 11.56▲ 38.8% | 11.39▼ 1.5% | 11.95▲ 4.9% | 12.16▲ 0% |
EPS Growth % | 17.1% | 18.37% | 4.51% | -19.92% | 59.11% | -17.03% | 38.78% | -1.47% | 4.92% | 7.06% |
EPS (Basic) | 6.43 | 7.61 | 7.95 | 6.35 | 10.11 | 8.39 | 11.63 | 11.45 | 12.00 | - |
Diluted Shares Outstanding | 815.5M | 785.6M | 764.9M | 750.1M | 751.8M | 741.3M | 732.3M | 721.9M | 716.4M | 713.5M |
Basic Shares Outstanding | 807.4M | 778.2M | 758.1M | 744.6M | 746.3M | 736.5M | 727.9M | 718.3M | 713.4M | 710.7M |
Dividend Payout Ratio | 59.5% | 54.96% | 59.45% | 79.33% | 51.93% | 67.48% | 53.52% | 59.22% | 59.73% | - |
MCD Balance Sheet
McDonald's Corporation (MCD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 5.33B | 4.05B | 3.56B | 6.24B | 7.15B | 5.42B | 7.99B | 4.6B | 4.16B | 4.71B |
Cash & Short-Term Investments | 2.46B | 866M | 898.5M | 3.45B | 4.71B | 2.58B | 4.58B | 1.08B | 774M | 1.17B |
Cash Only | 2.46B | 866M | 898.5M | 3.45B | 4.71B | 2.58B | 4.58B | 1.08B | 774M | 1.17B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.98B | 2.44B | 2.22B | 2.11B | 1.87B | 2.12B | 2.49B | 2.38B | 2.46B | 2.43B |
Days Sales Outstanding | 31.61 | 41.92 | 38 | 40.1 | 29.43 | 33.3 | 35.62 | 33.56 | 33.47 | 33.33 |
Inventory | 58.8M | 51.1M | 50.2M | 51.1M | 55.6M | 52M | 53M | 56M | 61M | 61M |
Days Inventory Outstanding | 1.76 | 1.79 | 1.8 | 1.97 | 1.91 | 1.9 | 1.77 | 1.82 | 1.94 | 1.81 |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 673.4M | 866M | 1.07B | 863M | 0 |
Total Non-Current Assets | 28.48B | 28.76B | 43.95B | 46.38B | 46.71B | 45.01B | 48.16B | 50.58B | 55.35B | 55.33B |
Property, Plant & Equipment | 22.45B | 22.84B | 37.42B | 38.79B | 38.27B | 36.34B | 38.42B | 38.63B | 42.85B | 42.76B |
Fixed Asset Turnover | 1.02x | 0.93x | 0.57x | 0.50x | 0.61x | 0.64x | 0.66x | 0.67x | 0.63x | 0.65x |
Goodwill | 2.38B | 2.33B | 2.68B | 2.77B | 2.78B | 2.9B | 3.04B | 3.15B | 3.35B | 3.35B |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.06B | 0 |
Long-Term Investments | 1.09B | 1.2B | 1.27B | 1.3B | 1.2B | 1.06B | 1.08B | 2.71B | 2.95B | 11.5B |
Other Non-Current Assets | 2.56B | 2.38B | 2.58B | 3.53B | 4.45B | 4.71B | 5.62B | 6.09B | 1.89B | 6.36B |
Total Assets | 33.8B▲ 0% | 32.81B▼ 2.9% | 47.51B▲ 44.8% | 52.63B▲ 10.8% | 53.85B▲ 2.3% | 50.44B▼ 6.3% | 56.15B▲ 11.3% | 55.18B▼ 1.7% | 59.52B▲ 7.9% | 60.04B▲ 0% |
Asset Turnover | 0.68x | 0.65x | 0.45x | 0.36x | 0.43x | 0.46x | 0.45x | 0.47x | 0.45x | 0.46x |
Asset Growth % | 8.96% | -2.94% | 44.8% | 10.77% | 2.33% | -6.35% | 11.32% | -1.72% | 7.85% | 33.03% |
Total Current Liabilities | 2.89B | 2.97B | 3.62B | 6.18B | 4.02B | 3.8B | 6.86B | 3.86B | 4.36B | 4.15B |
Accounts Payable | 924.8M | 1.21B | 988.2M | 741.3M | 1.01B | 980.2M | 1.1B | 1.03B | 1.15B | 1.09B |
Days Payables Outstanding | 27.67 | 42.29 | 35.41 | 28.61 | 34.53 | 35.87 | 36.83 | 33.5 | 36.63 | 31.57 |
Short-Term Debt | 0 | 0 | 59.1M | 2.24B | 0 | 0 | 2.19B | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Current Ratio | 1.84x | 1.36x | 0.98x | 1.01x | 1.78x | 1.43x | 1.16x | 1.19x | 0.95x | 1.14x |
Quick Ratio | 1.82x | 1.35x | 0.97x | 1.00x | 1.76x | 1.41x | 1.16x | 1.18x | 0.94x | 1.12x |
Cash Conversion Cycle | 5.7 | 1.42 | 4.38 | 13.46 | -3.19 | -0.66 | 0.56 | 1.88 | -1.22 | 3.57 |
Total Non-Current Liabilities | 34.18B | 36.1B | 52.1B | 54.27B | 54.44B | 52.64B | 53.99B | 55.12B | 56.94B | 57.18B |
Long-Term Debt | 29.54B | 31.08B | 34.12B | 35.2B | 35.62B | 35.9B | 37.15B | 38.42B | 39.97B | 40.1B |
Capital Lease Obligations | 0 | 0 | 12.76B | 13.32B | 13.02B | 12.13B | 13.06B | 12.89B | 14.15B | 55.83B |
Deferred Tax Liabilities | 1.12B | 1.22B | 1.32B | 2.03B | 2.08B | 2B | 1.68B | 1.91B | 1.04B | 5.14B |
Other Non-Current Liabilities | 3.53B | 3.18B | 3.25B | 3.02B | 2.98B | 1.84B | 1.31B | 1.11B | 841M | 847M |
Total Liabilities | 37.07B | 39.07B | 55.72B | 60.45B | 58.46B | 56.44B | 60.85B | 58.98B | 61.3B | 61.32B |
Total Debt | 29.54B | 31.08B | 47.56B | 51.46B | 49.35B | 48.7B | 53.09B | 51.95B | 54.81B | 54.88B |
Net Debt | 27.07B | 30.21B | 46.66B | 48.01B | 44.64B | 46.12B | 48.51B | 50.86B | 54.04B | 53.71B |
Debt / Equity | - | - | - | - | - | - | - | - | - | -42.68x |
Debt / EBITDA | 2.71x | 3.02x | 4.45x | 5.67x | 4.04x | 4.33x | 3.90x | 3.76x | 3.77x | 3.70x |
Net Debt / EBITDA | 2.48x | 2.93x | 4.37x | 5.29x | 3.65x | 4.10x | 3.56x | 3.68x | 3.71x | 3.62x |
Interest Coverage | 10.31x | 8.97x | 8.15x | 6.04x | 8.70x | 7.48x | 8.73x | 7.87x | 7.89x | 7.92x |
Total Equity | -3.27B▲ 0% | -6.26B▼ 91.5% | -8.21B▼ 31.2% | -7.82B▲ 4.7% | -4.6B▲ 41.2% | -6B▼ 30.5% | -4.71B▲ 21.6% | -3.8B▲ 19.3% | -1.79B▲ 52.8% | -1.29B▲ 0% |
Equity Growth % | -48.26% | -91.51% | -31.19% | 4.69% | 41.2% | -30.48% | 21.61% | 19.34% | 52.85% | 216.62% |
Book Value per Share | -4.01 | -7.97 | -10.73 | -10.43 | -6.12 | -8.10 | -6.43 | -5.26 | -2.50 | -1.80 |
Total Shareholders' Equity | -3.27B | -6.26B | -8.21B | -7.82B | -4.6B | -6B | -4.71B | -3.8B | -1.79B | -1.29B |
Common Stock | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 17M | 17M | 17M | 17M |
Retained Earnings | 48.33B | 50.49B | 52.93B | 53.91B | 57.53B | 59.54B | 63.48B | 66.83B | 70.28B | 70.94B |
Treasury Stock | -56.5B | -61.53B | -66.33B | -67.07B | -67.81B | -71.62B | -74.64B | -77.38B | -79.32B | -79.67B |
Accumulated OCI | -2.18B | -2.61B | -2.48B | -2.59B | -2.57B | -2.49B | -2.46B | -2.55B | -2.41B | -2.36B |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MCD Cash Flow Statement
McDonald's Corporation (MCD) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 5.55B | 6.97B | 8.12B | 6.27B | 9.14B | 7.39B | 9.61B | 9.45B | 10.55B | 10.54B |
Operating CF Margin % | 24.33% | 32.77% | 38.02% | 32.62% | 39.36% | 31.86% | 37.7% | 36.45% | 39.24% | - |
Operating CF Growth % | -8.39% | 25.5% | 16.58% | -22.86% | 45.91% | -19.2% | 30.12% | -1.72% | 11.69% | 45.44% |
Net Income | 5.19B | 5.92B | 6.03B | 4.73B | 7.55B | 6.18B | 8.47B | 8.22B | 8.56B | 8.68B |
Depreciation & Amortization | 1.36B | 1.48B | 1.62B | 1.75B | 1.87B | 1.87B | 1.98B | 2.1B | 2.2B | 2.25B |
Stock-Based Compensation | 117.5M | 125.1M | 109.6M | 92.4M | 139.2M | 167M | 175.2M | 172M | 0 | 143M |
Deferred Taxes | -36.4M | 102.6M | 149.7M | 6.4M | -428.3M | -345.7M | -686M | -574M | -126M | -20M |
Other Non-Cash Items | -105.1M | -194.6M | -79M | -103.4M | -436.9M | 162.3M | -216M | -33M | -191M | -338M |
Working Capital Changes | -980.5M | -472.7M | 298.5M | -212.1M | 454.2M | -644.6M | -108M | -438M | 106M | -173M |
Change in Receivables | -340.7M | -479.4M | 27M | -6.8M | 309.9M | -264.1M | -161M | 10M | 231M | 0 |
Change in Inventory | -37.3M | -1.9M | 128.8M | -68.6M | -62.2M | 5.6M | 16.7M | 71M | 0 | 0 |
Change in Payables | -59.7M | 129.4M | -26.8M | -137.5M | 225M | 31.3M | 50.4M | -10M | 100M | 0 |
Cash from Investing | 562M | -2.46B | -3.07B | -1.55B | -2.17B | -2.68B | -3.18B | -5.35B | -3.82B | -3.83B |
Capital Expenditures | -1.85B | -2.74B | -2.39B | -1.64B | -2.04B | -1.9B | -2.36B | -2.77B | -3.37B | -3.5B |
CapEx % of Revenue | 8.12% | 12.9% | 11.2% | 8.54% | 8.78% | 8.19% | 9.25% | 10.71% | 12.52% | 12.74% |
Acquisitions | 2.49B | 589.5M | -48.9M | 37.6M | -178M | -322.2M | -246M | -2.19B | 244M | 175M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -79.1M | -302.9M | -628.5M | 57.4M | 52.3M | -456.7M | -581.2M | -376M | -701M | -506M |
Cash from Financing | -5.31B | -5.95B | -4.99B | -2.25B | -5.6B | -6.58B | -4.37B | -7.5B | -7.13B | -6.81B |
Debt Issued (Net) | 2.03B | 2.13B | 3.24B | 2.24B | -1.07B | 1.2B | 2.99B | -71M | -72M | 282M |
Equity Issued (Net) | -4.69B | -5.21B | -4.98B | -907.8M | -845.5M | -3.9B | -3.05B | -2.82B | -1.77B | -1.75B |
Dividends Paid | -3.09B | -3.26B | -3.58B | -3.75B | -3.92B | -4.17B | -4.53B | -4.87B | -5.12B | -5.17B |
Share Repurchases | -4.69B | -5.21B | -4.98B | -907.8M | -845.5M | -3.9B | -3.05B | -2.82B | -2.06B | -1.98B |
Other Financing | 436.3M | 383.2M | 327M | 173.5M | 239M | 286.4M | 220M | 270M | -167M | -167M |
Net Change in Cash | 1.24B▲ 0% | -1.6B▼ 228.8% | 32.5M▲ 102.0% | 2.55B▲ 7748.0% | 1.26B▼ 50.6% | -2.13B▼ 268.7% | 2B▲ 193.9% | -3.49B▼ 275.1% | -311M▲ 91.1% | -68M▲ 0% |
Free Cash Flow | 3.7B▲ 0% | 4.22B▲ 14.3% | 5.73B▲ 35.6% | 4.62B▼ 19.3% | 7.1B▲ 53.6% | 5.49B▼ 22.7% | 7.25B▲ 32.2% | 6.67B▼ 8.0% | 7.19B▲ 7.7% | 7.04B▲ 0% |
FCF Margin % | 16.2% | 19.88% | 26.81% | 24.08% | 30.58% | 23.67% | 28.45% | 25.74% | 26.73% | 25.65% |
FCF Growth % | -12.76% | 14.27% | 35.58% | -19.27% | 53.57% | -22.73% | 32.2% | -8.03% | 7.7% | 5% |
FCF per Share | 4.53 | 5.38 | 7.49 | 6.17 | 9.45 | 7.40 | 9.91 | 9.24 | 10.03 | 9.87 |
FCF Conversion (FCF/Net Income) | 1.07x | 1.18x | 1.35x | 1.32x | 1.21x | 1.20x | 1.13x | 1.15x | 1.23x | 0.81x |
Interest Paid | 885.2M | 959.6M | 1.07B | 1.14B | 1.2B | 1.18B | 1.29B | 1.52B | 0 | 0 |
Taxes Paid | 2.79B | 1.73B | 1.59B | 1.44B | 2.4B | 3.02B | 2.99B | 2.97B | 0 | 0 |
MCD Key Ratios
McDonald's Corporation (MCD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | - | - | - | - | - | - | - | - | -433.95% |
Return on Invested Capital (ROIC) | 30.93% | 27.71% | 21.8% | 13.97% | 19.36% | 17.54% | 20.82% | 19.33% | 18.72% | 18.29% |
Gross Margin | 46.54% | 50.96% | 52.33% | 50.77% | 54.17% | 56.97% | 57.12% | 56.75% | 57.41% | 57.35% |
Net Margin | 22.75% | 27.87% | 28.2% | 24.63% | 32.49% | 26.65% | 33.22% | 31.72% | 31.85% | 31.62% |
Debt / Equity | - | - | - | - | - | - | - | - | - | -42.68x |
Interest Coverage | 10.31x | 8.97x | 8.15x | 6.04x | 8.70x | 7.48x | 8.73x | 7.87x | 7.89x | 7.92x |
FCF Conversion | 1.07x | 1.18x | 1.35x | 1.32x | 1.21x | 1.20x | 1.13x | 1.15x | 1.23x | 0.81x |
Revenue Growth | -7.32% | -6.85% | 0.5% | -10.09% | 20.9% | -0.18% | 9.98% | 1.67% | 3.72% | 6.77% |
Related:MCD Dividend History·MCD Revenue History·MCD Price History·MCD P/E History·MCD Financial Ratios·MCD Institutional Holders
MCD SEC Filings & Documents
McDonald's Corporation (MCD) SEC filings — annual & quarterly reports (10-K, 10-Q)
MCD Frequently Asked Questions
McDonald's Corporation (MCD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
McDonald's Corporation (MCD) reported $27.45B in revenue for fiscal year 2025. This represents a 157% increase from $10.69B in 1996.
McDonald's Corporation (MCD) grew revenue by 3.7% over the past year. Growth has been modest.
Yes, McDonald's Corporation (MCD) is profitable, generating $8.68B in net income for fiscal year 2025 (31.9% net margin).
Dividend & Returns
Yes, McDonald's Corporation (MCD) pays a dividend with a yield of 2.56%. This makes it attractive for income-focused investors.
McDonald's Corporation (MCD) generated $7.04B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.