Last 48 quarters of trend data · Consumer Cyclical · Restaurants
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
McDonald's Corporation's quarterly P/E stands at 28.0x, down 6.9% year-over-year.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.74 | 27.95 | 25.22 | 23.89 | 23.26 | 30.04 | 25.88 | 24.32 | 22.75 | 26.50 | 26.47 | 20.78 | 23.68 |
| — | -6.9% | -2.6% | -1.8% | +2.2% | +13.3% | -2.2% | +17.1% | -3.9% | -7.1% | +4.1% | -3.5% | -38.6% | |
| P/S Ratio | 7.50 | 8.51 | 7.79 | 7.68 | 7.66 | 9.42 | 8.17 | 7.97 | 7.09 | 8.29 | 8.42 | 7.20 | 8.43 |
| — | -9.7% | -4.6% | -3.6% | +8.1% | +13.6% | -3.0% | +10.7% | -15.9% | -4.9% | +2.9% | -0.9% | +5.3% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 28.06 | 29.54 | 33.32 | 22.50 | 41.80 | 29.88 | 28.60 | 28.22 | 43.35 | 27.76 | 31.16 | 19.60 | 47.77 |
| — | -1.1% | +16.5% | -20.3% | -3.6% | +7.6% | -8.2% | +44.0% | -9.2% | +3.5% | +7.5% | -12.6% | -81.2% | |
| EV / EBITDA | 17.57 | 22.48 | 18.45 | 17.30 | 17.46 | 21.77 | 18.96 | 18.24 | 17.18 | 19.62 | 20.03 | 16.12 | 18.49 |
| — | +3.3% | -2.7% | -5.2% | +1.6% | +11.0% | -5.3% | +13.2% | -7.1% | -5.8% | +1.6% | -3.2% | -29.8% | |
| EV / EBIT | 20.63 | — | 21.49 | 20.19 | 20.27 | 25.49 | 22.23 | 21.05 | 20.08 | 22.90 | 22.98 | 18.30 | 21.13 |
| — | — | -3.3% | -4.1% | +1.0% | +11.3% | -3.3% | +15.0% | -5.0% | -5.6% | +1.9% | -3.3% | -37.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
McDonald's Corporation's operating margin was 45.3% in Q1 2026, up 0.3 pp QoQ and up 0.8 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.4% | — | 57.5% | 58.0% | 57.9% | 56.0% | 57.6% | 56.4% | 57.3% | 55.7% | 57.0% | 57.7% | 57.4% |
| — | — | -0.1% | +2.9% | +1.1% | +0.5% | +1.0% | -2.3% | -0.2% | -0.8% | -0.8% | -1.6% | -0.6% | |
| Operating Margin | 46.1% | 45.3% | 45.0% | 47.4% | 47.2% | 44.5% | 44.9% | 46.4% | 45.0% | 44.4% | 43.7% | 47.9% | 47.8% |
| — | +1.9% | +0.3% | +2.3% | +5.0% | +0.3% | +2.7% | -3.3% | -5.8% | +3.3% | +0.4% | +1.8% | +59.6% | |
| Net Margin | 31.9% | 30.4% | 30.9% | 32.2% | 32.9% | 31.4% | 31.6% | 32.8% | 31.2% | 31.3% | 31.8% | 34.6% | 35.6% |
| — | -3.0% | -2.2% | -1.9% | +5.7% | +0.3% | -0.8% | -5.3% | -12.4% | +2.3% | -0.9% | +2.6% | +71.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 14.9% | 3.3% | 3.6% | 3.8% | 3.9% | 3.4% | 3.6% | 4.1% | 3.8% | 3.5% | 3.8% | 4.5% | 4.5% |
| — | -1.0% | -0.5% | -7.5% | +3.2% | -4.8% | -3.9% | -9.3% | -16.4% | +0.0% | -2.1% | +11.5% | +90.0% | |
| ROIC | 18.7% | 4.2% | 4.6% | 4.9% | 4.9% | 4.2% | 4.6% | 5.1% | 4.8% | 4.6% | 4.9% | 5.8% | 5.7% |
| — | +1.4% | +0.0% | -4.0% | +2.1% | -9.4% | -7.3% | -11.4% | -15.5% | -2.2% | -0.7% | +7.7% | +73.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
McDonald's Corporation's Debt/EBITDA ratio is 17.9x, up from 14.9x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 3.77 | 17.91 | 14.85 | 14.25 | 14.80 | 16.65 | 15.19 | 14.36 | 15.20 | 15.67 | 16.09 | 13.42 | 13.48 |
| — | +7.5% | -2.2% | -0.7% | -2.6% | +6.3% | -5.6% | +7.0% | +12.7% | -5.1% | +0.6% | -8.3% | -38.4% | |
| Current Ratio | 0.95 | 1.14 | 0.95 | 1.00 | 1.30 | 1.18 | 1.19 | 0.78 | 1.08 | 0.83 | 1.16 | 1.71 | 1.35 |
| — | -3.9% | -19.9% | +28.4% | +21.2% | +42.3% | +2.3% | -54.5% | -20.1% | -43.5% | -18.4% | +3.9% | -4.8% | |
| Quick Ratio | 0.94 | 1.12 | 0.94 | 0.99 | 1.29 | 1.17 | 1.18 | 0.77 | 1.06 | 0.82 | 1.16 | 1.70 | 1.33 |
| — | -4.1% | -20.1% | +28.7% | +21.3% | +42.4% | +1.7% | -54.7% | -20.1% | -43.7% | -18.1% | +4.0% | -4.9% | |
| Interest Coverage | 7.89 | 7.38 | 7.73 | 8.26 | 8.34 | 7.20 | 7.68 | 8.46 | 7.85 | 7.48 | 7.98 | 9.57 | 9.54 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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McDonald's Corporation's current P/E is 23.7x. The average P/E over the last 4 quarters is 25.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
McDonald's Corporation's current operating margin is 46.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking McDonald's Corporation's business trajectory between earnings reports.