McDonald's
MCD NYSE· Restaurants
Last close · Oct 26, 2026
$250.83
KIRA · Stoqly’s AI analyst, in plain words
- McDonald's had $26.9B of revenue in fiscal 2025, up 3.7% on the year before. Over five years, revenue changed +7.0% a year on average.
- Its operating margin was 46.1%, up 0.9 pts: of every 100 in sales, about 46 is left after running the business.
- McDonald's made $8.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 9.1% a year.
- Free cash flow was $7.2B in fiscal 2025, 26.7% of revenue.
- McDonald's returned $7.2B to shareholders in fiscal 2025, 100% of free cash flow. The diluted share count fell 0.8%.
- McDonald's owes $42.3B more than it holds in cash, about 3.3 years of operating profit.
Market cap
$178.4B
P/E
20.4x
Revenue
$26.9B
Net income
$8.6B
Free cash flow
$7.2B
Operating margin
46.1%
McDonald's in 30 seconds · fiscal 2025
Are sales growing?
+3.7%
Only a little. Sales grew 3.7% last year.
Does it make a profit?
31.9%
Yes. It keeps 31.9% of every sale as profit.
Does profit turn into cash?
26.7%
Yes. 26.7% of sales ends up as free cash.
Is debt under control?
3.3x
Heavy. Repaying its debt would take 3.3 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
20.4x
One share costs 20.4 times its yearly profit per share. Typical for its sector: 17.7x.
What McDonald's does
McDonald's runs a chain of fast-food restaurants in more than 100 countries, selling burgers, fries, chicken and drinks for eating in, at the drive-thru, or through delivery and its mobile app. Of its 45,356 restaurants at the end of 2025, about 95% were run by franchisees, independent owners who operate the restaurants themselves. McDonald's makes most of its money from those franchisees rather than from selling food directly. In a standard franchise, the company usually owns or leases the land and building, and the franchisee pays rent and royalties based on a share of sales. In other markets, mainly China and Japan, local partners put up the money and pay royalties. The company also earns sales from the restaurants it runs itself. It reports results for the United States, its large international markets such as Germany and Australia, and a group of more than 75 countries run mostly by licensees.
Biggest risks, in its own words
- Failing to keep its brand appealing or to keep up with changing customer tastes and its pricing and marketing plans.
- Its reliance on franchisees, whose performance and relationship with the company shape its results.
- Food safety problems that could hurt customer trust in its restaurants.
- Rising labor costs and difficulty finding enough restaurant workers.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- McDONALD’S CORPORATION
- CIK
- 0000063908
McDonald's · MCD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $23.2B | $23.2B | $25.5B | $25.9B | $26.9B |
| Revenue growth | 20.9% | −0.2% | 10.0% | 1.7% | 3.7% |
| Operating margin | 44.6% | 40.4% | 45.7% | 45.2% | 46.1% |
| Net income | $7.5B | $6.2B | $8.5B | $8.2B | $8.6B |
| Net margin | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |
| Diluted EPS | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
| Cash | |||||
| Cash from operations | $9.1B | $7.4B | $9.6B | $9.4B | $10.6B |
| Capital expenditure | $2.0B | $1.9B | $2.4B | $2.8B | $3.4B |
| Free cash flow | $7.1B | $5.5B | $7.3B | $6.7B | $7.2B |
| FCF margin | 30.6% | 23.7% | 28.5% | 25.7% | 26.7% |
| Dividends paid | $3.9B | $4.2B | $4.5B | $4.9B | $5.1B |
| Share buybacks | $846M | $3.9B | $3.1B | $2.8B | $2.1B |
| Share count change | 0.2% | −1.4% | −1.2% | −1.4% | −0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $4.7B | $2.6B | $4.6B | $1.1B | $774M |
| Debt incl. finance leases | $35.6B | $35.9B | $41.3B | $41.0B | $43.1B |
| Shareholders' equity | −$4.6B | −$6.0B | −$4.7B | −$3.8B | −$1.8B |
| Net debt / EBITDA | 2.9x | 3.4x | 3.1x | 3.3x | 3.3x |
| Current ratio | 1.8x | 1.4x | 1.2x | 1.2x | 1.0x |
| Interest coverage | 8.7x | 7.8x | 8.6x | 7.8x | 7.8x |
| Returns and quality | |||||
| Return on capital | 32.6% | 27.6% | 31.6% | 27.4% | 25.4% |
| Piotroski F-score | 7 | 4 | 6 | 6 | 6 |
| Altman Z'' | 5.1 | 5.2 | 5.1 | 5.4 | 5.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$40.5M
8 insiders
Of sales under plans
92%
$37.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
McDonald's · MCD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| McDonald's MCD | $178.4B | 3.7% | 46.1% | 26.7% | 25.4% | 20.4x | 6 |
| Starbucks SBUX | $117.5B | 2.8% | 7.9% | 6.6% | 47.8% | 59.0x | 4 |
| Darden Restaurants DRI | $24.4B | 9.4% | 12.0% | 8.5% | 24.8% | 20.8x | 6 |
| Chipotle Mexican Grill CMG | $36.3B | 5.4% | 16.2% | 12.1% | 73.7% | 26.1x | 4 |
| Yum China YUMC | $15.9B | 4.4% | 10.9% | 7.1% | — | 16.7x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $250.83 a share, the company is worth $178.4B: 20.4 times its earnings of the last four quarters.
McDonald's grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 1 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000063908). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.