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McDonald's Corp. (MCD)

McDonald's franchises and also owns and operates McDonald's restaurants, serving a locally set menu in more than 100 countries. There were 45,356 restaurants at the end of 2025 and approximately 95 percent of them were franchised. What the company takes in is therefore two things: sales at the restaurants it runs itself, and fees from the restaurants other people run. Reportable segments are the United States, International Operated Markets, and International Developmental Licensed Markets and Corporate, which holds over 75 countries plus corporate activities. Its offices are at 110 North Carpenter Street, Chicago.

McDonald's Corp.

McDonald's franchises and also owns and operates McDonald's restaurants, serving a locally set menu in more than 100 countries. There were 45,356 restaurants at the end of 2025 and approximately 95 percent of them were franchised. What the company takes in is therefore two things: sales at the restaurants it runs itself, and fees from the restaurants other people run. Reportable segments are the United States, International Operated Markets, and International Developmental Licensed Markets and Corporate, which holds over 75 countries plus corporate activities. Its offices are at 110 North Carpenter Street, Chicago.

Three ways a restaurant can be owned

A franchised restaurant runs under one of three structures, chosen for a restaurant, trading area or country according to whether people with the right experience and money are available and what local law allows on property ownership and franchising. Under a conventional franchise the company generally owns the land and building or holds a long lease on them, and the franchisee pays for equipment, signs, seating and décor; the company then collects rent and royalties set as a percentage of sales, with minimum rent payments, plus an initial fee when a restaurant opens or a franchise is granted. Under a developmental licence the licensee provides all the capital, including the real estate, and the company takes a royalty on a percentage of sales and an initial fee, investing no restaurant capital of its own. Affiliate arrangements work the same way as developmental licences but are used in a few foreign markets, primarily China and Japan, where the company also holds an equity stake and books its share of the results. Franchise and licence agreements generally run 20 years.

Why it still runs restaurants itself

The filing states that directly operating restaurants is what makes the company a credible franchisor: the experience from company-run restaurants is used to improve operations everywhere, franchisee innovations are tested there before being rolled out, and company restaurants are where operations staff are trained and where standards, marketing concepts and pricing are worked out. Franchisees keep control of employment, marketing and pricing decisions in their own restaurants, and are responsible for reinvesting capital over time; the company may co-invest with them to speed up particular improvements.

The menu

The company names World Famous Fries, the Big Mac, the Quarter Pounder and Chicken McNuggets among seventeen separate billion-dollar brands. Best Burger is a set of operational and recipe changes to the core burgers, which the company says it plans to have in nearly all markets by the end of 2026. The McCrispy chicken sandwich reached nearly all major markets by the end of 2025 and the brand has been extended into strips and wraps in several markets. Menu items are tested continuously.

Digital, delivery, drive thru

Loyalty programmes run in 70 markets. Ready on Arrival, which lets crew start assembling a mobile order before the customer arrives, was in the top six markets by the end of 2025. Delivery is offered from nearly 41,000 restaurants across approximately 100 markets, about 90 percent of the estate, with mobile-app delivery ordering live in five of the largest markets and long-term partnerships with delivery providers. The company reports the most drive thru locations of anyone, nearly 29,000 worldwide, including over 95 percent of the approximately 13,700 restaurants in the United States.

Opening more

The company says it plans to open approximately 2,600 restaurants gross in 2026, a little over 4.5 percent net unit growth after closures, and to reach 50,000 restaurants by the end of 2027, which it describes as the fastest period of unit growth in its history.

Suppliers and competitors

The company and its franchisees buy food, packaging, equipment and other goods from many independent suppliers. Standards are enforced through product reviews, supplier visits, third-party verification, periodic third-party food safety audits and unannounced Good Manufacturing Practices audits for higher-risk foods, with sensory evaluations and calibration training used to keep the core menu consistent. A Food Safety Advisory Council of internal experts, suppliers and outsiders oversees the work, and a Supplier Code of Conduct applies to every supplier. Competition is measured against the informal eating out segment, which takes in quick-service restaurants but also delivery-only operators, convenience stores, street stalls and kiosks, cafés, coffee shops, self-service cafeterias and juice bars, and the company says it competes on price, convenience, service, experience, menu variety and product quality.

From McDonald's annual report on Form 10-K for the year ended 31 December 2025. The filing carries no Item 1 or Item 7 heading in its body, using a cross-reference index at the back instead, so nothing here was located by section name. The filing

Compare with another name What $10,000 in McDonald's became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 6 November 2026
Revenue
$7.2 billion
+1.1% on the year · +0.8% on the quarter
Q4 FY2024Q3 FY2026
Net income
$2.5 billion
+9.1% on the year · +5.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$3.51
+10.4% on the year · +5.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 24 February 2026
Revenue
$26.9 billion
+3.7% on the year
FY2018FY2025
Net income
$8.6 billion
+4.1% on the year
FY2018FY2025
Diluted EPS
$11.95
+4.9% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsMcDonald's (MCD) reported revenue of $26.9 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before. Net income was $8.6 billion and diluted earnings per share $11.95. Revenue was $25.9 billion in fiscal 2024, $25.5 billion in fiscal 2023, $23.2 billion in fiscal 2022 and $23.2 billion in fiscal 2021. Net income in the same years was $8.2 billion, $8.5 billion, $6.2 billion and $7.5 billion. Over the twelve months to 30 September 2026, McDonald's reported revenue of $27.8 billion and net income of $9.0 billion. Revenue grew 7.0% a year, compounded, over the five years to fiscal 2025. McDonald's declared $7.44 a share in dividends over the last four quarters and had 706 million shares outstanding at the latest filed count. At 30 September 2026 it carried $39.8 billion of debt and $1.2 billion of cash. At the close of 6 November 2026 the market cap of McDonald's was $195.1 billion, 21.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin46.9%
Net margin32.4%
FCF margin27.0%
Interest cover8.0x
Debt to equityn/a
Cash conversion1.22x
Share count, last 12 months-0.9%
Sales CAGR, 3 years5.1%
Profit CAGR, 3 years11.5%
EPS, TTM$12.64

At the close of 6 November 2026

Price$276.45
Market cap$195.1 billion
Stock P/E21.9x
Price to bookn/a
EV / EBITDA17.3x
Dividend yield2.7%
Market cap / sales7.0x
52-week high$341.06
52-week low$230.86
Price, 1 year-7.4%
Price CAGR, 3 years1.0%
Price CAGR, 5 years1.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as McDonald's Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MCDgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue6,0095,6665,7185,8725,9265,8986,4986,6926,4066,1696,4906,8736,3885,9566,8437,0787,0086,5177,0997,157
Cost of revenuen/a584589589n/a598618625n/a627629646n/a620654666n/a676680687
Gross profitn/a5,0825,1305,283n/a5,3005,8796,067n/a5,5425,8616,227n/a5,3366,1896,412n/a5,8416,4196,470
Gross marginn/a90%90%90%n/a90%90%91%n/a90%90%91%n/a90%90%91%n/a90%90%90%
SG&An/an/an/an/an/an/an/an/an/a720691647800682700785872759817759
Operating income2,3972,3131,7122,7642,5832,5323,1043,2082,8022,7362,9203,1882,8682,6483,2323,3573,1562,9533,3383,595
Operating margin40%41%30%47%44%43%48%48%44%44%45%46%45%44%47%47%45%45%47%50%
Interest expense296287291306323330330341360372373381380376390406410400409408
Net income1,6391,1041,1881,9821,9031,8022,3102,3172,0391,9292,0222,2552,0171,8682,2532,2782,1641,9832,3622,486
Net margin27%19%21%34%32%31%36%35%32%31%31%33%32%31%33%32%31%30%33%35%
Diluted EPS$2.18$1.48$1.60$2.68$2.59$2.45$3.15$3.17$2.80$2.66$2.80$3.13$2.80$2.60$3.14$3.18$3.03$2.78$3.32$3.51
Operating cash flow2,6662,1336182,4342,2012,4211,6733,0292,4892,3901,6892,7362,6322,4281,9983,4282,6972,4122,8073,031
Capital expenditure6874014385315295035265707575476287948065517441,0111,059682831884
Free cash flow1,9791,7321801,9031,6721,9171,1472,4591,7321,8431,0611,9421,8261,8771,2542,4171,6381,7301,9762,147
Buybacks8031,5061,0318694895785701,054852918934469503477505501573396856519
Dividends paid1,0291,0251,0171,0151,1121,1111,1091,1051,2081,2061,1991,1971,2681,2661,2651,2621,3221,3231,3171,314
Shares outstanding744m740m736m732m731m730m729m725m722m721m717m717m714m715m714m712m710m711m708m706m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Revenue22,78723,52222,74524,07527,00627,56728,10627,44125,41324,62222,82021,25821,36419,20823,22323,18325,49425,92026,88527,781
Selling, general and administrative2,3672,3562,2342,3332,3942,4552,3862,4882,4342,3842,2312,2002,229n/an/a2,8632,8172,8583,0393,207
Operating income3,8796,4436,8417,4738,5308,6058,7647,9497,1467,7449,5538,8239,0707,32410,3569,37111,64711,71212,39313,042
Operating margin17.0%27.4%30.1%31.0%31.6%31.2%31.2%29.0%28.1%31.5%41.9%41.5%42.5%38.1%44.6%40.4%45.7%45.2%46.1%46.9%
Interest expense4105234734514935175285766388859219811,1221,2181,1861,2071,3611,5061,5821,627
Income tax1,2371,8451,9362,0542,5092,6142,6192,6142,0262,1803,3811,8921,9931,4101,5831,6482,0532,1212,3342,429
Net income2,3954,3134,5514,9465,5035,4655,5864,7584,5294,6865,1925,9246,0254,7307,5456,1778,4698,2238,5638,995
Net margin10.5%18.3%20.0%20.5%20.4%19.8%19.9%17.3%17.8%19.0%22.8%27.9%28.2%24.6%32.5%26.6%33.2%31.7%31.9%32.4%
Diluted EPS$1.98$3.76$4.11$4.58$5.27$5.36$5.55$4.82$4.80$5.44$6.37$7.54$7.88$6.31$10.04$8.33$11.56$11.39$11.95$12.64
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
International Operated Marketsn/an/an/an/an/an/an/an/a11,11611,57811,4809,57112,22011,29712,38212,62813,63350.7%
U.S.7,9448,1128,5288,8148,8518,6518,5598,2538,0067,7998,0037,8288,8659,58810,56810,63110,82540.3%
International Developmental Licensed Markets & Corporaten/an/an/an/an/an/an/an/a3,6981,8811,8821,8092,1382,2972,5432,6612,4279.0%
APMEA4,3375,0666,0206,391n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Europe9,2749,56910,88610,827n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Foundational Markets and Corporaten/an/an/an/a3,6763,4013,0662,985n/an/an/an/an/an/an/an/an/an/a
High-Growth Marketsn/an/an/an/a7,0436,8456,1736,161n/an/an/an/an/an/an/an/an/an/a
International Lead Marketsn/an/an/an/a8,5358,5447,6157,223n/an/an/an/an/an/an/an/an/an/a
Other Countries & Corporate1,1901,3281,5721,535n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
International Operated Markets FY2017 to FY2025U.S.International Developmental Licensed Markets & Corporate FY2017 to FY2025International Lead Markets FY2013 to FY2016High-Growth Markets FY2013 to FY2016Foundational Markets and Corporate FY2013 to FY2016Europe FY2009 to FY2012APMEA FY2009 to FY2012Other Countries & Corporate FY2009 to FY2012
24.1FY201028.1FY201324.6FY201621.4FY201923.2FY202226.9FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2009 to FY2025

The operating profit each segment reports. Costs McDonald's does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
International Operated Marketsn/an/an/an/an/an/an/an/a4,1744,6434,7893,3155,1313,9265,8315,9466,38246.8%
U.S.3,2323,4463,6663,7503,7793,5223,6123,7694,0224,0164,0693,7894,7555,1365,6945,7335,80853.7%
International Developmental Licensed Markets & Corporaten/an/an/an/an/an/an/an/a1,35716421222047130912133.02038.4%
APMEA9901,2001,5261,566n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Europe2,5882,7973,2273,196n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Foundational Markets and Corporaten/an/an/an/a706458-20.288.6n/an/an/an/an/an/an/an/an/an/a
High-Growth Marketsn/an/an/an/a1,2509348411,049n/an/an/an/an/an/an/an/an/an/a
International Lead Marketsn/an/an/an/a3,0293,0342,7132,838n/an/an/an/an/an/an/an/an/an/a
Other Countries & Corporate31.729.911192.3n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
International Operated Markets FY2017 to FY2025Europe FY2009 to FY2012International Lead Markets FY2013 to FY2016U.S.International Developmental Licensed Markets & Corporate FY2017 to FY2025APMEA FY2009 to FY2012High-Growth Markets FY2013 to FY2016Foundational Markets and Corporate FY2013 to FY2016Other Countries & Corporate FY2009 to FY2012
7.5FY20108.8FY20137.7FY20169.1FY20199.4FY202212.4FY2025

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
International Operated Markets51%51%
U.S.40%47%
International Developmental Licensed Markets & Corporate9%2%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Operating cash flow4,8765,9175,7516,3427,1506,9667,1216,7306,5396,0605,5516,9678,1226,2659,1427,3879,6129,44710,55110,947
Capital expenditure1,9472,1361,9522,1362,7303,0492,8252,5831,8141,8211,8542,7422,3941,6412,0401,8992,3572,7753,3653,456
Free cash flow2,9303,7823,7994,2064,4203,9174,2964,1474,7254,2383,6984,2255,7284,6247,1025,4887,2546,6727,1867,491
Free cash flow margin12.9%16.1%16.7%17.5%16.4%14.2%15.3%15.1%18.6%17.2%16.2%19.9%26.8%24.1%30.6%23.7%28.5%25.7%26.7%27.0%
Cash from investing-1,150-1,625-1,655-2,056-2,571-3,167-2,674-2,305-1,420-982562-2,455-3,071-1,546-2,166-2,678-3,184-5,346-3,822-3,550
Cash from financing-3,996-4,114-4,421-3,729-4,533-3,850-4,043-4,618735-11,262-5,311-5,950-4,995-2,249-5,596-6,580-4,374-7,495-7,125-8,650
Depreciation and amortisation1,2141,2081,2161,2761,4151,4881,5851,6441,5561,5161,363215262301330370382447457463
Share-based compensation14211211383.186.293.489.111311013111812511092.4139167175172165182
Buybacks3,9433,9192,7972,6983,3632,6151,7783,1996,09911,1714,6865,2084,9769088463,8963,0542,8242,0562,344
Dividends paid1,7661,8232,2362,4082,6102,8973,1153,2163,2303,0583,0893,2563,5823,7533,9194,1684,5334,8705,1155,276
Dividend per share$1.50$1.62$2.05$2.26$2.53$2.87$3.12$3.28$3.44$3.61$3.83$4.19$4.73$5.04$5.25$5.66$6.23$6.78$7.17n/a
Diluted shares, weighted1,212m1,146m1,107m1,080m1,045m1,020m1,006m986m945m861m816m786m765m750m752m741m732m722m716m708m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a706m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity15,28013,38314,03414,63414,39015,29416,01012,8537,088-2,204-3,268-6,258-8,210-7,825-4,601-6,003-4,707-3,797-1,791-343
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/an/an/a0.0n/an/a0.02,1920.0n/an/a
Debtn/a10,21810,57811,50512,50013,63214,13014,93624,12225,95629,53631,07534,17737,44035,62335,90439,34538,42439,97339,820
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.012,75813,32113,02112,13413,05812,88814,14714,029
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,7702,329n/a
Other liabilitiesn/a4,8615,6135,8366,0996,4606,4876,4926,7297,2727,5357,9948,7869,6909,8128,4016,2585,8974,8577,151
Total liabilities and equityn/a28,46230,22531,97532,99035,38636,62634,28137,93931,02433,80432,81147,51152,62753,85450,43656,14755,18259,51560,657
Owned
Fixed assetsn/a20,25421,53222,06122,83424,67725,74724,55823,11821,25822,44822,84324,16024,95824,72123,77424,90825,29528,24128,803
Goodwilln/a2,2372,4252,5862,6532,8042,8732,7352,5162,3362,3802,3322,6772,7732,7822,9003,0403,1453,3543,348
Investmentsn/an/an/an/an/an/a160n/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents1,9812,0631,7962,3872,3362,3362,7992,0787,6861,2232,4648668983,4494,7092,5844,5791,0857741,193
Inventoryn/a11210611011712212411010058.958.851.150.251.155.652.053.056.061.059.0
Other assetsn/a3,7954,3664,8325,0505,4484,9244,8014,5196,1486,4536,72019,72521,39521,58621,12623,56625,60127,08527,254
Total assetsn/a28,46230,22531,97532,99035,38636,62634,28137,93931,02433,80432,81147,51152,62753,85450,43656,14755,18259,51560,657
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.6%7.0%5.1%5.8%
Profit growth, compounded6.6%12.6%11.5%6.9%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was McDonald's' revenue in fiscal 2025?

McDonald's (MCD) reported revenue of $26.9 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before.

How much did McDonald's earn in fiscal 2025?

Net income was $8.6 billion for fiscal 2025, and diluted earnings per share $11.95.

What is McDonald's' P/E ratio?

At the close of 6 November 2026, McDonald's traded at 21.9 times its earnings over the twelve months to 30 September 2026.

What is McDonald's' market cap?

The market cap of McDonald's was $195.1 billion at the close of 6 November 2026.

Does McDonald's pay a dividend?

Yes. McDonald's declared $7.44 a share in dividends over the four quarters to 30 September 2026.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
McDonald's Corp. MCD$195.1 billion21.87n/a46.9%5.8%n/a2.7%
Chipotle Mexican Grill Inc. CMG$43.5 billion32.1756.1%14.1%7.9%0.00n/a
Yum! Brands, Inc. YUM$43.2 billion12.94n/a49.5%9.1%n/a1.8%
Restaurant Brands International Inc. QSR$27.1 billion18.1138.1%27.0%5.5%3.363.3%
Darden Restaurants Inc. DRI$25.6 billion22.1257.2%11.7%8.1%1.262.7%
Yum China Holdings, Inc. YUMC$16.9 billion17.3518.7%11.3%9.9%0.292.2%
Aramark ARMK$13.8 billion36.7311.3%4.4%11.0%1.810.9%
Texas Roadhouse, Inc. TXRH$12.1 billion28.9126.4%7.7%9.2%0.031.6%
Brinker International, Inc. EAT$8.7 billion18.18125.2%11.0%6.1%1.13n/a
Cava Group, Inc. CAVA$6.9 billion109.447.5%4.9%27.0%0.00n/a
Cheesecake Factory Inc. CAKE$5.3 billion25.2936.2%6.0%7.9%0.981.1%
Wingstop Inc. WING$4.4 billion38.30n/a27.7%6.9%n/a0.8%
All 56 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
McDonald's Corp. MCD$195.1 billion21.87n/a46.9%5.8%n/a2.7%
Starbucks Corp. SBUX$120.1 billion60.57n/a7.8%4.5%n/a2.4%
Marriott International Inc. MAR$107.2 billion41.56n/a15.8%5.8%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$82.6 billion50.06n/a24.0%8.1%n/a0.2%
Chipotle Mexican Grill Inc. CMG$43.5 billion32.1756.1%14.1%7.9%0.00n/a
Yum! Brands, Inc. YUM$43.2 billion12.94n/a49.5%9.1%n/a1.8%
InterContinental Hotels Group PLC IHG *$27.1 billion36.72n/a23.1%5.4%n/a1.0%
Restaurant Brands International Inc. QSR$27.1 billion18.1138.1%27.0%5.5%3.363.3%
Darden Restaurants Inc. DRI$25.6 billion22.1257.2%11.7%8.1%1.262.7%
Las Vegas Sands Corp. LVS$25.6 billion16.70n/a20.9%10.9%n/a2.8%
Hyatt Hotels Corp. H$17.2 billion95.475.8%n/a2.8%1.390.3%
Yum China Holdings, Inc. YUMC$16.9 billion17.3518.7%11.3%9.9%0.292.2%
Aramark ARMK$13.8 billion36.7311.3%4.4%11.0%1.810.9%
Texas Roadhouse, Inc. TXRH$12.1 billion28.9126.4%7.7%9.2%0.031.6%
Brinker International, Inc. EAT$8.7 billion18.18125.2%11.0%6.1%1.13n/a
Wynn Resorts Ltd. WYNN$8.5 billion24.80n/a14.2%2.2%n/a1.2%
MGM Resorts International MGM$8.1 billion12.2927.7%7.0%2.6%2.26n/a
Cava Group, Inc. CAVA$6.9 billion109.447.5%4.9%27.0%0.00n/a
Caesars Entertainment, Inc. CZR$6.0 billionn/a-16.3%15.4%3.1%3.56n/a
Dutch Bros Inc. BROS$5.9 billion43.2712.3%9.5%30.7%0.24n/a
Wyndham Hotels & Resorts, Inc. WH$5.6 billion28.7742.5%29.2%0.8%5.742.2%
Boyd Gaming Corp. BYD$5.5 billion11.5720.5%17.8%0.3%1.091.0%
Cheesecake Factory Inc. CAKE$5.3 billion25.2936.2%6.0%7.9%0.981.1%
Choice Hotels International Inc. CHH$5.3 billion26.41156.5%22.8%2.1%16.521.0%
Red Rock Resorts, Inc. RRR$5.1 billion24.3570.9%22.3%1.1%22.612.2%
Travel & Leisure Co. TNL$4.5 billion20.24n/a13.0%4.6%n/a3.1%
Wingstop Inc. WING$4.4 billion38.30n/a27.7%6.9%n/a0.8%
Hilton Grand Vacations Inc. HGV$3.3 billion8.4731.9%15.0%18.8%5.95n/a
Park Hotels & Resorts Inc. PK$3.2 billionn/a-5.5%1.2%-0.2%1.316.4%
Shake Shack Inc. SHAK$3.1 billion69.817.7%3.6%17.1%0.44n/a
Penn Entertainment, Inc. PENN$2.3 billionn/a-0.5%4.6%6.7%1.47n/a
Sunstone Hotel Investors, Inc. SHO$2.2 billion27.824.7%9.7%7.4%0.532.9%
Xenia Hotels & Resorts, Inc. XHR$2.0 billion534.750.3%7.6%4.2%1.242.6%
Monarch Casino & Resort Inc. MCRI$1.9 billion17.2420.2%25.5%4.8%0.001.1%
Wendy's Co. WEN$1.6 billion15.9977.9%12.0%-0.3%22.046.0%
Cracker Barrel Old Country Store, Inc. CBRL$1.4 billion46.276.6%-0.4%-4.7%0.711.5%
BJs Restaurants Inc. BJRI$1.2 billion26.6311.2%3.1%5.3%0.04n/a
Jack IN THE Box Inc. JACK$1.2 billion8.14n/a13.4%-20.2%n/a6.3%
Sweetgreen, Inc. SG$1.2 billion79.934.3%-20.7%0.0%0.00n/a
Target Hospitality Corp. TH$1.1 billionn/a-10.2%-11.1%11.9%0.11n/a
Bloomin' Brands, Inc. BLMN$833 million11.8516.5%2.6%1.1%1.784.6%
First Watch Restaurant Group, Inc. FWRG$794 million40.203.0%2.2%15.6%0.45n/a
Cannae Holdings, Inc. CNNE$766 millionn/a-16.3%-28.4%-11.4%0.073.4%
Papa John's International, Inc. PZZA$649 million26.32n/a4.3%-8.3%n/a9.3%
Bally's Corp. BALY$604 millionn/a-118.5%-7.3%20.4%6.99n/a
Black Rock Coffee Bar, Inc. BRCB$536 million152.861.3%1.0%n/a0.58n/a
El Pollo Loco Holdings, Inc. LOCO$450 million12.9210.6%10.2%5.1%0.07n/a
Dine Brands Global, Inc. DIN$445 millionn/an/an/an/an/a2.1%
Portillo's Inc. PTLO$409 million30.093.5%5.3%4.2%0.67n/a
Civeo Corp. CVEO$354 millionn/a-5.3%3.0%12.6%1.48n/a
Kura Sushi Usa, Inc. KRUS$332 millionn/a-2.0%-2.0%16.1%0.00n/a
Dave & Buster's Entertainment, Inc. PLAY$272 millionn/a-100.8%1.7%-1.5%17.45n/a
RCI Hospitality Holdings, Inc. RICK$221 millionn/a-1.8%9.6%1.0%1.031.0%
RED Robin Gourmet Burgers Inc. RRGB$162 millionn/an/a-0.4%-3.7%n/an/a
Noodles & Co. NDLS$84 millionn/an/a-2.6%0.2%n/an/a
BT Brands, Inc. BTBD$10 millionn/a-9.3%-0.9%-11.4%0.31n/a
27 companies share its SEC industry code (Retail-Eating Places); the rest are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on MCD

Dividends$7.44 a share over the four quarters to 30 September 2026, a 2.69% yield
Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 regulation FD disclosure; 1 shareholder vote
Planned insider sales15 Form 144 notices in twelve months, $30.9 million; latest 10 June 2026
Options tapeput/call 0.65 by open interest at the 6 November 2026 close; the straddle prices a 2.7% move to 13 November 2026
13F holders3,497 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading21 sales and 0 purchases on Form 4 in twelve months
Congress5 House trades disclosed in six months
Short interest13.5 million shares short, 2.23 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20266 November 2026EDGAR
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR

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