MCDONALDS CORP MCD

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived NYSE

Last close 248.46 2026-10-23
Market cap $175.82B 2026-06-30 share count
52-week range 229.20 - 341.75

Valuation FY2025 figures against the last close

P/S6.5x
P/E20.8x
P/FCF24.5x
EV/EBITDA16.8x
Dividend yield2.9%
Diluted EPS11.95

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • International Operated Markets
  • U.S.
  • International Developmental Licensed Markets & Corporate
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 International Operated Markets, FY2025: 13.6B (50.7%) 51% International Operated Markets U.S., FY2025: 10.8B (40.3%) 40% U.S. International Developmental Licensed Markets & Corporate, FY2025: 2.4B (9.0%) 9% FY2024 International Operated Markets, FY2024: 12.6B (48.7%) 49% U.S., FY2024: 10.6B (41.0%) 41% International Developmental Licensed Markets & Corporate, FY2024: 2.7B (10.3%) 10% FY2023 International Operated Markets, FY2023: 12.4B (48.6%) 49% U.S., FY2023: 10.6B (41.5%) 41% International Developmental Licensed Markets & Corporate, FY2023: 2.5B (10.0%) 10%
Segment FY2025FY2024FY2023
International Operated Markets $13.63B $12.63B $12.38B
U.S. $10.82B $10.63B $10.57B
International Developmental Licensed Markets & Corporate $2.43B $2.66B $2.54B

As the company reported it, from the “Segment and Geographic Information (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $26.89B$25.92B$25.49B$23.18B$23.22B$19.21B$21.36B$21.26B$22.82B$24.62B
SG&A $3.04B$2.86B$2.82B$2.86B——$2.23B$2.20B$2.23B$2.38B
Total operating expenses $14.49B$14.21B$13.85B$13.81B$12.87B$11.88B$12.29B$12.44B$13.27B$16.88B
Operating income $12.39B$11.71B$11.65B$9.37B$10.36B$7.32B$9.07B$8.82B$9.55B$7.74B
Interest expense $1.58B$1.51B$1.36B$1.21B$1.19B$1.22B$1.12B$981.2M$921.3M$884.8M
Pre-tax income $10.90B$10.34B$10.52B$7.83B$9.13B$6.14B$8.02B$7.82B$8.57B$6.87B
Income tax $2.33B$2.12B$2.05B$1.65B$1.58B$1.41B$1.99B$1.89B$3.38B$2.18B
Net income $8.56B$8.22B$8.47B$6.18B$7.54B$4.73B$6.03B$5.92B$5.19B$4.69B
EPS, basic 12.0011.4511.638.3910.116.357.957.616.435.49
EPS, diluted 11.9511.3911.568.3310.046.317.887.546.375.44
Shares, diluted (wtd. avg.) 716722732741752750.1M764.9M785.6M815.5M861.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $774.0M$1.08B$4.58B$2.58B$4.71B$3.45B$898.5M$866.0M$2.46B$1.22B
Inventory $61.0M$56.0M$53.0M$52.0M$55.6M$51.1M$50.2M$51.1M$58.8M$58.9M
Total current assets $4.16B$4.60B$7.99B$5.42B$7.15B$6.24B$3.56B$4.05B$5.33B$4.85B
Property, plant and equipment $28.24B$25.30B$24.91B$23.77B$24.72B$24.96B$24.16B$22.84B$22.45B$21.26B
Goodwill $3.35B$3.15B$3.04B$2.90B$2.78B$2.77B$2.68B$2.33B$2.38B$2.34B
Total assets $59.52B$55.18B$56.15B$50.44B$53.85B$52.63B$47.51B$32.81B$33.80B$31.02B
Accounts payable $1.15B$1.03B$1.10B$980.2M$1.01B$741.3M$988.2M$1.21B$924.8M$756.0M
Short-term debt $725.0M$0$2.19B$0$0$2.24B$59.1M$0$0$77.2M
Total current liabilities $4.36B$3.86B$6.86B$3.80B$4.02B$6.18B$3.62B$2.97B$2.89B$3.47B
Long-term debt $39.97B$38.42B$37.15B$35.90B$35.62B$35.20B$34.12B$31.08B$29.54B$25.88B
Retained earnings $70.28B$66.83B$63.48B$59.54B$57.53B$53.91B$52.93B$50.49B$48.33B$46.22B
Total equity -$1.79B-$3.80B-$4.71B-$6.00B-$4.60B-$7.82B-$8.21B-$6.26B-$3.27B-$2.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $10.55B$9.45B$9.61B$7.39B$9.14B$6.27B$8.12B$6.97B$5.55B$6.06B
Depreciation and amortisation $457.0M$447.0M$382.0M$370.0M$329.7M$300.6M$262.5M$214.8M$1.23B$1.39B
Stock-based compensation $165.0M$172.0M$175.0M$167.0M$139.2M$92.4M$109.6M$125.1M$117.5M$131.3M
Capital expenditure $3.37B$2.77B$2.36B$1.90B$2.04B$1.64B$2.39B$2.74B$1.85B$1.82B
Investing cash flow -$3.82B-$5.35B-$3.19B-$2.68B-$2.17B-$1.55B-$3.07B-$2.46B$562.0M-$981.6M
Financing cash flow -$7.12B-$7.50B-$4.37B-$6.58B-$5.60B-$2.25B-$4.99B-$5.95B-$5.31B-$11.26B
Dividends paid $5.12B$4.87B$4.53B$4.17B$3.92B$3.75B$3.58B$3.26B$3.09B$3.06B
Buybacks $2.06B$2.82B$3.05B$3.90B$845.5M$907.8M$4.98B$5.21B$4.69B$11.17B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145548.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 24.6B Net income, FY2016: 4.7B Revenue, FY2017: 22.8B Net income, FY2017: 5.2B Revenue, FY2018: 21.3B Net income, FY2018: 5.9B Revenue, FY2019: 21.4B Net income, FY2019: 6B Revenue, FY2020: 19.2B Net income, FY2020: 4.7B Revenue, FY2021: 23.2B Net income, FY2021: 7.5B Revenue, FY2022: 23.2B Net income, FY2022: 6.2B Revenue, FY2023: 25.5B Net income, FY2023: 8.5B Revenue, FY2024: 25.9B Net income, FY2024: 8.2B Revenue, FY2025: 26.9B Net income, FY2025: 8.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $24.62B $22.82B $21.26B $21.36B $19.21B $23.22B $23.18B $25.49B $25.92B $26.89B
Gross profit — — — — — — — — — —
Net income $4.69B $5.19B $5.92B $6.03B $4.73B $7.54B $6.18B $8.47B $8.22B $8.56B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5812

TickerCompanyMarket capP/ERevenue growth
YUM YUM BRANDS INC $40.85B 27.0x 8.8%
CMG CHIPOTLE MEXICAN GRILL INC $34.82B 24.1x 5.4%
QSR Restaurant Brands International Inc. $26.22B 32.1x 12.2%
DRI DARDEN RESTAURANTS INC $24.23B 20.5x 9.4%
YUMC Yum China Holdings, Inc. $15.25B 17.7x 4.4%
ARMK Aramark $13.86B 43.1x 6.4%
TXRH Texas Roadhouse, Inc. $10.87B 27.2x 9.4%
EAT BRINKER INTERNATIONAL, INC $7.63B 16.8x 7.9%