McDonald's Corp (MCD)
McDonald's Corporation owns, operates, and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, frozen desserts, sundaes, soft serve cones, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions. The company owns and operates franchised restaurants under various structures, including conventional franchise, developmental license, or affiliate. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
- Symbol
- MCD
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Market cap
- $162.98B
- 52 week range
- 229.61 - 341.75
Valuation
- Share price
- $231.85 (close of 2026-10-01)
- P/E (TTM)
- 18.63x
- Price to book
- -159.32x
- Price to free cash flow
- 21.00x
- Enterprise value
- $216.75B
- Book value per share
- $-1.45
Price performance
| Period | Change |
|---|---|
| 1 day | +0.39% |
| 5 days | -2.18% |
| 1 month | -11.21% |
| 3 months | -13.95% |
| 6 months | -24.55% |
| Year to date | -24.14% |
| 1 year | -22.85% |
| 3 years | -11.99% |
| 5 years | -4.57% |
| 10 years | +100.98% |
| All time | +64302.76% |
Members of Congress who disclosed MCD trades
Lisa McClain · Cleo Fields · Jefferson Shreve · Julie Johnson · Richard McCormick · Scott Franklin · Kevin Hern · Alan Armstrong · Cory Booker · George Whitesides · Jared Moskowitz · Josh Gottheimer
Super investors holding MCD
Andreas Halvorsen (Viking Global Investors) · Bill Gates (Gates Foundation Trust)
Profitability and growth
- Return on equity
- -478.11%
- Return on invested capital
- 19.25%
- Return on assets
- 14.39%
- Return on capital employed
- 22.47%
- Gross margin
- 57.40%
- Net margin
- 31.85%
- EBITDA margin
- 54.28%
- Revenue growth
- 3.72%
- Net income growth
- 4.13%
- Free cash flow growth
- 7.70%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.76%
- Current ratio
- 1.08x
- Net debt to EBITDA
- 3.57x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $26.89B
- Cost of revenue
- $11.45B
- Gross profit
- $15.43B
- EBITDA
- $14.59B
- Net income
- $8.56B
- Earnings per share
- $12.00
- Interest expense
- $1.58B
- Shares outstanding
- 713.40M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $26.89B | $15.43B | $8.56B | $12.00 |
| 2024-12-31 | $25.92B | $14.57B | $8.22B | $11.45 |
| 2023-12-31 | $25.49B | $14.46B | $8.47B | $11.63 |
| 2022-12-31 | $23.18B | $12.23B | $6.18B | $8.39 |
| 2021-12-31 | $23.22B | $10.36B | $7.55B | $10.11 |
| 2020-12-31 | $19.21B | $7.32B | $4.73B | $6.35 |
| 2019-12-31 | $21.36B | $11.30B | $6.03B | $7.95 |
| 2018-12-31 | $21.26B | $11.02B | $5.92B | $7.61 |
| 2017-12-31 | $22.82B | $11.78B | $5.19B | $6.43 |
| 2016-12-31 | $24.62B | $10.13B | $4.69B | $5.49 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 57.40% | 31.85% | -478.11% | 19.25% |
| 2024-12-31 | 56.21% | 31.72% | -216.57% | 20.38% |
| 2023-12-31 | 56.73% | 33.22% | -179.92% | 21.90% |
| 2022-12-31 | 52.77% | 26.64% | -102.90% | 19.25% |
| 2021-12-31 | 44.59% | 32.49% | -163.99% | 21.91% |
| 2020-12-31 | 38.13% | 24.63% | -60.45% | 14.71% |
| 2019-12-31 | 52.89% | 28.20% | -73.39% | 18.41% |
| 2018-12-31 | 51.85% | 27.87% | -94.66% | 28.94% |
| 2017-12-31 | 51.64% | 22.75% | -158.88% | 25.93% |
| 2016-12-31 | 41.14% | 19.03% | -212.61% | 24.70% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $774.00M | $39.97B |
| 2024-12-31 | $1.08B | $38.42B |
| 2023-12-31 | $4.58B | $37.15B |
| 2022-12-31 | $2.58B | $35.90B |
| 2021-12-31 | $4.71B | $35.62B |
| 2020-12-31 | $3.45B | $35.20B |
| 2019-12-31 | $898.50M | $34.12B |
| 2018-12-31 | $866.00M | $31.08B |
| 2017-12-31 | $2.46B | $29.54B |
| 2016-12-31 | $1.22B | $25.88B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $7.19B | $165.00M |
| 2024-12-31 | $6.67B | $172.00M |
| 2023-12-31 | $7.25B | $175.00M |
| 2022-12-31 | $5.49B | $167.00M |
| 2021-12-31 | $7.10B | $139.20M |
| 2020-12-31 | $4.62B | $92.40M |
| 2019-12-31 | $5.73B | $109.60M |
| 2018-12-31 | $4.22B | $125.10M |
| 2017-12-31 | $3.70B | $117.50M |
| 2016-12-31 | $4.24B | $131.30M |
Dividend history
- Most recent payment
- 2026-09-01
- Paid in the last twelve months
- $7.44
| Payment date | Dividend per share |
|---|---|
| 2026-09-01 | $1.86 |
| 2026-06-02 | $1.86 |
| 2026-03-03 | $1.86 |
| 2025-12-01 | $1.86 |
| 2025-09-02 | $1.77 |
| 2025-06-02 | $1.77 |
| 2025-03-03 | $1.77 |
| 2024-12-02 | $1.77 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $3.37
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-04 | Jun/2026 | $3.32 |
| 2026-05-07 | - | - |
| 2026-02-11 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-01 | - | - |
| 2025-02-10 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- mcdonalds.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Starbucks Corp (SBUX) · Chipotle Mexican Grill Inc (CMG) · Yum Brands Inc (YUM) · Restaurant Brands International Inc. (QSR) · DraftKings Inc. (DKNG) · Caesars Entertainment, Inc. (CZR) · MGM Resorts International (MGM) · Wynn Resorts Ltd (WYNN)
All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades