MCDONALDS CORP MCD
Last close
255.69
2026-09-04
Market cap
$180.94B
2026-06-30 share count
52-week range
255.49 - 341.75
Valuation FY2025 figures against the last close
P/S6.7x
P/E21.4x
P/FCF25.2x
EV/EBITDA17.2x
Dividend yield2.8%
Diluted EPS11.95
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 12.00 | 11.45 | 11.63 | 8.39 | 10.11 | 6.35 | 7.95 | 7.61 | 6.43 | 5.49 |
| EPS, diluted | 11.95 | 11.39 | 11.56 | 8.33 | 10.04 | 6.31 | 7.88 | 7.54 | 6.37 | 5.44 |
| Shares, diluted (wtd. avg.) | $716 | $722 | $732 | $741 | $752 | $750.1M | $764.9M | $785.6M | $815.5M | $861.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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