McDonald's Corporation
MCDNYSE
$251.35
Last price · USD
- Market cap
- $180.1B
- P/E
- 21.0x
- EV / EBITDA
- 15.9x
- P/S
- 6.7x
- FCF yield
- 4.0%
- Div. yield
- 2.84%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
McDonald's Corporation key metrics & ratios
Annual · USD millions except per-share data · 34 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 3.7% | 1.7% | 10.0% | -0.2% | — | — | |
| Operating income growth | 5.8% | 0.6% | 24.3% | -9.5% | — | — | |
| Net income growth | 4.1% | -2.9% | 37.1% | -18.1% | — | — | |
| EPS (diluted) growth | 4.9% | -1.5% | 38.8% | -17.0% | — | — | |
| Free cash flow growth | 7.7% | -8.0% | 32.2% | -22.7% | — | — | |
| Margins | |||||||
| Gross margin | 57.4% | 56.8% | 57.1% | 57.0% | 54.2% | — | |
| Operating margin | 46.1% | 45.2% | 45.7% | 40.4% | 44.6% | — | |
| EBITDA margin | 54.6% | 53.8% | 54.4% | 47.0% | 52.5% | — | |
| Net margin | 31.9% | 31.7% | 33.2% | 26.6% | 32.5% | — | |
| FCF margin | 26.7% | 25.7% | 28.5% | 23.7% | 30.6% | — | |
| Returns on capital | |||||||
| Return on assets | 14.4% | 14.9% | 15.1% | 12.2% | 14.0% | — | |
| Return on invested capital | 18.6% | 19.8% | 21.4% | 18.4% | 21.4% | — | |
| Leverage & liquidity | |||||||
| Net debt / EBITDA | 3.68x | 3.65x | 3.50x | 4.23x | 3.66x | — | |
| Current ratio | 0.95x | 1.19x | 1.16x | 1.43x | 1.78x | — | |
| Interest coverage | 7.83x | 7.78x | 8.56x | 7.76x | 8.73x | — | |
| Profitability & operating | |||||||
| EBIT | 12,479 | 11,851 | 11,883 | 9,032 | 10,314 | +4.9% | |
| EBITDA | 14,678 | 13,948 | 13,861 | 10,903 | 12,182 | +4.8% | |
| Operating income | 12,393 | 11,712 | 11,647 | 9,371 | 10,356 | +4.6% | |
| Income before tax | 10,897 | 10,345 | 10,522 | 7,825 | 9,128 | +4.5% | |
| Net income | 8,563 | 8,223 | 8,469 | 6,177 | 7,545 | +3.2% | |
| Earnings per share | |||||||
| EPS (basic) | $12.00 | $11.45 | $11.63 | $8.39 | $10.11 | +4.4% | |
| EPS (diluted) | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 | +4.5% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 713 | 718 | 728 | 737 | 746 | -1.1% | |
| Weighted avg shares outstanding (diluted) | 716 | 722 | 732 | 741 | 752 | -1.2% | |
| Balance sheet highlights | |||||||
| Net debt | 54,040 | 50,863 | 48,512 | 46,115 | 44,640 | +4.9% | |
| Total debt | 54,814 | 51,948 | 53,091 | 48,699 | 49,349 | +2.7% | |
| Total investments | 2,948 | 2,710 | 1,080 | 1,065 | 1,201 | +25.2% | |
| Total stockholders' equity | (1,791) | (3,797) | (4,707) | (6,003) | (4,601) | — | |
| Total assets | 59,515 | 55,182 | 56,147 | 50,436 | 53,854 | +2.5% | |
| Cash flow highlights | |||||||
| Free cash flow | 7,186 | 6,672 | 7,255 | 5,488 | 7,102 | +0.3% | |
| Operating cash flow | 10,551 | 9,447 | 9,612 | 7,387 | 9,142 | +3.6% | |
| Capital expenditure | (3,365) | (2,775) | (2,357) | (1,899) | (2,040) | — | |
| Net cash from operating activities | 10,551 | 9,447 | 9,612 | 7,387 | 9,142 | +3.6% | |
| Additional fields | |||||||
| Accrued Expenses | 2,021 | 1,611 | 1,903 | 1,631 | 1,710 | +4.3% | |