MCDONALDS CORP
MCD· NYSE· Retail-Eating Places
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 26.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +7.0%
We record prices for the companies we cover; MCD is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 716.4
- Revenue
- $26.9B
- Free cash flow
- $7.2B
- Owner earnings
- $7.0B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 46.1%
- Net
- 31.9%
- Free cash flow
- 26.7%
- Owner earnings
- 26.1%
- Stock pay
- 0.6%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 5.1%
- Revenue, 5 yr
- 7.0%
- Revenue, 9 yr
- 1.0%
- Diluted EPS, 3 yr
- 12.8%
- Diluted EPS, 5 yr
- -92.8%
- Diluted EPS, 9 yr
- -76.5%
- Free cash flow, 3 yr
- 9.4%
- Free cash flow, 5 yr
- 9.2%
- Free cash flow, 9 yr
- 6.0%
Financial health · FY2025
- Cash and investments
- $774.0M
- Total debt
- $41.5B
- Net debt
- $40.7B
- Debt/Equity
- –
- Debt/FCF
- 5.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 59.7%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.9%
Financials: ten years from the 10-Ks
Revenue
$26.9B
+1.0% a year over 9 years
FY2016FY2025
Margins
Operating46.1%Net31.9%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$7.2BOwner earnings$7.0B
Free cash flow +6.0% a year
FY2016FY2025
Diluted shares
716.4
-16.8% over 9 years, net buybacks
FY2016FY2025
Net debt (below zero)
-$40.7B
$40.7B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $24.6B | $22.8B | $21.3B | $21.4B | $19.2B | $23.2B | $23.2B | $25.5B | $25.9B | $26.9B |
| Revenue growth | -3.1% | -7.3% | -6.8% | 0.5% | -10.1% | 20.9% | -0.2% | 10.0% | 1.7% | 3.7% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 31.5% | 41.9% | 41.5% | 42.5% | 38.1% | 44.6% | 40.4% | 45.7% | 45.2% | 46.1% |
| Net income | $4.7B | $5.2B | $5.9B | $6.0B | $4.7B | $7.5B | $6.2B | $8.5B | $8.2B | $8.6B |
| Net margin | 19.0% | 22.8% | 27.9% | 28.2% | 24.6% | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |
| Diluted EPS | $5,440,000.00s | $6,370,000.00s | $7,540,000.00s | $7,880,000.00s | $6,310,000.00s | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $6.1B | $5.6B | $7.0B | $8.1B | $6.3B | $9.1B | $7.4B | $9.6B | $9.4B | $10.6B |
| Capital expenditure | $1.8B | $1.9B | $2.7B | $2.4B | $1.6B | $2.0B | $1.9B | $2.4B | $2.8B | $3.4B |
| Free cash flow | $4.2B | $3.7B | $4.2B | $5.7B | $4.6B | $7.1B | $5.5B | $7.3B | $6.7B | $7.2B |
| Stock-based compensation | $131.3M | $117.5M | $125.1M | $109.6M | $92.4M | $139.2M | $167.0M | $175.0M | $172.0M | $165.0M |
| Owner earnings? | $4.1B | $3.6B | $4.1B | $5.6B | $4.5B | $7.0B | $5.3B | $7.1B | $6.5B | $7.0B |
| Free cash flow per share | $4,921,620.99 | $4,534,028.20 | $5,378,054.99 | $7,489,083.54 | $6,165,044.66 | $9,445,996.28 | $7,403,210.58 | $9,907,141.88 | $9,242,277.32 | $10,030,709.10 |
| Capital allocation | ||||||||||
| Dividends paid | $3.1B | $3.1B | $3.3B | $3.6B | $3.8B | $3.9B | $4.2B | $4.5B | $4.9B | $5.1B |
| Share repurchases | $11.2B | $4.7B | $5.2B | $5.0B | $907.8M | $845.5M | $3.9B | $3.1B | $2.8B | $2.1B |
| Diluted shares | 861.2s | 815.5s | 785.6s | 764.9s | 750.1s | 751.8 | 741.3 | 732.3 | 721.9 | 716.4 |
| Share count change? | -8.8% | -5.3% | -3.7% | -2.6% | -1.9% | 0.2% | -1.4% | -1.2% | -1.4% | -0.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.2B | $2.5B | $866.0M | $898.5M | $3.4B | $4.7B | $2.6B | $4.6B | $1.1B | $774.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $26.0B | $29.5B | $31.1B | $34.2B | $37.4B | $35.6B | $35.9B | $37.5B | $39.2B | $41.5B |
| Net debt | $24.7B | $27.1B | $30.2B | $33.3B | $34.0B | $30.9B | $33.3B | $32.9B | $38.1B | $40.7B |
| Shareholders' equity | -$2.2B | -$3.3B | -$6.3B | -$8.2B | -$7.8B | -$4.6B | -$6.0B | -$4.7B | -$3.8B | -$1.8B |
Latest filings
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-07 | DEF 14A | Proxy statement |
| 2026-02-24 | 10-K | Annual report |
| 2026-02-11 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-11-05 | 8-K | Earnings release |
| 2025-08-06 | 10-Q | Quarterly report |
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