MCD · McDonalds Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $26.89B | $25.92B | $25.49B | $23.18B | $23.22B | $19.21B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $3.04B | $2.86B | - | - | - | - |
| Total Operating Expenses | $14.49B | $14.21B | $13.85B | $13.81B | $12.87B | $11.88B |
| D&A | $457.00M | $447.00M | $381.70M | $370.40M | $329.70M | $300.60M |
| Operating Income | $12.39B | $11.71B | $11.65B | $9.37B | $10.36B | $7.32B |
| Interest Expense | $1.58B | $1.51B | $1.36B | $1.21B | $1.19B | $1.22B |
| Income Tax | $2.33B | $2.12B | $2.05B | $1.65B | $1.58B | $1.41B |
| Net Income | $8.56B | $8.22B | $8.47B | $6.18B | $7.55B | $4.73B |
| EPS - Basic | $12.00 | $11.45 | $11.63 | $8.39 | $10.11 | $6.35 |
| EPS - Diluted | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 | $6.31 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $774.00M | $1.08B | $4.58B | $2.58B | $4.71B | $3.45B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $61.00M | $56.00M | $52.80M | $52.00M | $55.60M | $51.10M |
| Accounts Payable | $1.15B | $1.03B | $1.10B | $980.20M | $1.01B | $741.30M |
| Current Assets | $4.16B | $4.60B | $7.99B | $5.42B | $7.15B | $6.24B |
| Total Assets | $59.52B | $55.18B | $56.15B | $50.44B | $53.85B | $52.63B |
| Current Liabilities | $4.36B | $3.86B | $6.86B | $3.80B | $4.02B | $6.18B |
| Long-term Debt | $39.97B | $38.42B | $37.15B | $35.90B | $35.62B | $35.20B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | ($1.79B) | ($3.80B) | ($4.71B) | ($6.00B) | ($4.60B) | ($7.82B) |
| Retained Earnings | $70.28B | $66.83B | $63.48B | $59.54B | $57.53B | $53.91B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.55B | $9.45B | $9.61B | $7.39B | $9.14B | $6.27B |
| Investing Cash Flow | ($3.82B) | ($5.35B) | ($3.18B) | ($2.68B) | ($2.17B) | ($1.55B) |
| Financing Cash Flow | ($7.13B) | ($7.50B) | ($4.37B) | ($6.58B) | ($5.60B) | ($2.25B) |
| CapEx | $3.37B | $2.77B | $2.36B | $1.90B | $2.04B | $1.64B |
| Free Cash Flow | $7.19B | $6.67B | $7.25B | $5.49B | $7.10B | $4.62B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 46.1% | 45.2% | 45.7% | 40.4% | 44.6% | 38.1% |
| EBITDA margin | 47.8% | 46.9% | 47.2% | 42.0% | 46.0% | 39.7% |
| Net margin | 31.9% | 31.7% | 33.2% | 26.6% | 32.5% | 24.6% |
| Free cash flow margin | 26.7% | 25.7% | 28.5% | 23.7% | 30.6% | 24.1% |
| FCF / Net income | 0.84 | 0.81 | 0.86 | 0.89 | 0.94 | 0.98 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.3% | 11.0% | - | - | - | - |
| Effective tax rate | 21.4% | 20.5% | 19.5% | 21.1% | 17.3% | 23.0% |
| Return on assets | 14.4% | 14.9% | 15.1% | 12.2% | 14.0% | 9.0% |
| Return on equity | -478.1% | -216.6% | -179.9% | -102.9% | -164.0% | -60.5% |
| Return on invested capital | 25.5% | 26.9% | 28.9% | 24.7% | 27.6% | 20.6% |
| Liquidity | ||||||
| Current ratio | 0.95 | 1.19 | 1.16 | 1.43 | 1.78 | 1.01 |
| Quick ratio | 0.94 | 1.18 | 1.16 | 1.41 | 1.76 | 1.00 |
| Cash ratio | 0.18 | 0.28 | 0.67 | 0.68 | 1.17 | 0.56 |
| Leverage | ||||||
| Debt / Equity | -22.32 | -10.12 | -7.89 | -5.98 | -7.74 | -4.50 |
| Debt / Assets | 0.67 | 0.70 | 0.66 | 0.71 | 0.66 | 0.67 |
| Debt / EBITDA | 3.11 | 3.16 | 3.09 | 3.69 | 3.33 | 4.62 |
| Interest coverage | 7.8x | 7.8x | 8.6x | 7.8x | 8.7x | 6.0x |
| Equity multiplier | -33.23 | -14.53 | -11.93 | -8.40 | -11.70 | -6.73 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.45 | 0.47 | 0.45 | 0.46 | 0.43 | 0.36 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 25.6x | 25.5x | 25.6x | 31.6x | 26.7x | 34.0x |
| P / B | - | - | - | - | - | - |
| P / S | 0.0x | 0.0x | 0.0x | 8.4x | 8.7x | 8.4x |
| EV / EBITDA | 3.1x | 3.1x | 2.7x | 23.5x | 21.8x | 25.3x |
| Growth | ||||||
| Revenue growth (YoY) | 3.7% | 1.7% | 10.0% | -0.2% | 20.9% | -8.9% |
| Revenue CAGR (3y) | 5.1% | 3.7% | 9.9% | 3.2% | 3.4% | -5.6% |
| Revenue CAGR (5y) | 7.0% | 4.2% | 3.9% | 0.3% | -1.2% | -5.4% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 5.8% | 0.6% | 24.3% | -9.5% | 41.4% | -19.2% |
| Net income growth (YoY) | 4.1% | -2.9% | 37.1% | -18.1% | 59.5% | -21.5% |
| EPS growth (YoY) | 4.9% | -1.5% | 38.8% | -17.0% | 59.1% | -19.9% |
| EPS CAGR (3y) | 12.8% | 4.3% | 22.4% | 1.9% | 10.0% | -0.3% |
| EPS CAGR (5y) | 13.6% | 7.6% | 8.9% | 5.5% | 13.0% | 5.6% |
| FCF growth (YoY) | 7.7% | -8.0% | 32.2% | -22.7% | 53.6% | -19.3% |
| FCF CAGR (5y) | 9.2% | 3.1% | 11.4% | 8.2% | 10.9% | -0.4% |
| Book value growth (YoY) | 52.8% | 19.3% | 21.6% | -30.5% | 41.2% | 4.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$26.89B totalInternational Operated Markets$13.63B · 50.7%
USMarket$10.82B · 40.3%
International Developmental Licensed Marketsand Corporate$2.43B · 9.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Eating Places
Comparing MCDONALDS CORP against the 5 most active filers in the same SIC group.
Dividends
$7.35/share trailing 12 months · +5.3% YoY
| Ex-date | Per share |
|---|---|
| Jun 2, 2026 | $1.8600 |
| Mar 3, 2026 | $1.8600 |
| Dec 1, 2025 | $1.8600 |
| Sep 2, 2025 | $1.7700 |
| Jun 2, 2025 | $1.7700 |
| Mar 3, 2025 | $1.7700 |
| Dec 2, 2024 | $1.7700 |
| Sep 3, 2024 | $1.6700 |
| Jun 3, 2024 | $1.6700 |
| Feb 29, 2024 | $1.6700 |
| Nov 30, 2023 | $1.6700 |
| Aug 31, 2023 | $1.5200 |
| Jun 2, 2023 | $1.5200 |
| Feb 28, 2023 | $1.5200 |
| Nov 30, 2022 | $1.5200 |
| Aug 31, 2022 | $1.3800 |
| Jun 3, 2022 | $1.3800 |
| Feb 28, 2022 | $1.3800 |
| Nov 30, 2021 | $1.3800 |
| Aug 31, 2021 | $1.2900 |
| May 28, 2021 | $1.2900 |
| Feb 26, 2021 | $1.2900 |
| Nov 30, 2020 | $1.2900 |
| Aug 31, 2020 | $1.2500 |