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Overview

MCDONALDS CORP

MCDNYSEConsumer DiscretionaryRetail-Eating PlacesCIK 0000063908Large-cap benchmark

Latest 10-K: FY2025, filed Feb 24, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$26.89B
3.7%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Operating income
$12.39B
5.8%YoYup from FY2024
OperatingIncome
Net income
$8.56B
4.1%YoYup from FY2024
NetIncome
Diluted EPS
$11.95
4.9%YoYup from FY2024
EPSDiluted
Diluted shares
716.4M
0.8%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • MCDONALDS CORP reported revenue of $26.89B for fiscal 2025, up 3.7% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.

Profitability

  • Operating margin was 46.1% and net margin was 31.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $11.95, up 4.9% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$26.89B3.7%up
Benchmark median 6.4%
$25.92B1.7%up
Benchmark median 4.5%
$25.49B10.0%up
Benchmark median 4.8%
$23.18B0.2%down
Benchmark median 10.3%
$23.22B20.9%up
Benchmark median 13.8%
3.7%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$12.39B5.8%up
Benchmark median 7.3%
$11.71B0.6%up
Benchmark median 7.4%
$11.65B24.3%up
Benchmark median 4.9%
$9.37B9.5%down
Benchmark median 7.5%
$10.36B41.4%up
Benchmark median 23.5%
4.6%
Benchmark median 7.2%
Net Income
$8.56B4.1%up
Benchmark median 4.8%
$8.22B2.9%down
Benchmark median 5.7%
$8.47B37.1%up
Benchmark median 1.9%
$6.18B18.1%down
Benchmark median 1.3%
$7.55B59.5%up
Benchmark median 33.9%
3.2%
Benchmark median 4.1%
EPS (Diluted)
$11.954.9%up
Benchmark median 6.2%
$11.391.5%down
Benchmark median 7.9%
$11.5638.8%up
Benchmark median 1.9%
$8.3317.0%down
Benchmark median 1.5%
$10.0459.1%up
Benchmark median 34.8%
4.5%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$59.52B7.9%up
Benchmark median 5.6%
$55.18B1.7%down
Benchmark median 3.4%
$56.15B11.3%up
Benchmark median 4.1%
$50.44B6.3%down
Benchmark median 2.2%
$53.85B2.3%up
Benchmark median 6.7%
2.5%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
—
—
—
—
—
—
Benchmark median 4.4%
Stockholders' Equity
negative: -$1.79Bn/m
Benchmark median 6.8%
negative: -$3.80Bn/m
Benchmark median 5.4%
negative: -$4.71Bn/m
Benchmark median 7.3%
negative: -$6.00Bn/m
Benchmark median 2.5%
negative: -$4.60Bn/m
Benchmark median 9.0%
n/m
Benchmark median 6.1%
Cash & Equivalents
$0.77B28.7%down
Benchmark median 5.2%
$1.08B76.3%down
Benchmark median 1.9%
$4.58B77.2%up
Benchmark median 6.7%
$2.58B45.1%down
Benchmark median -8.6%
$4.71B36.5%up
Benchmark median -2.9%
-36.3%
Benchmark median 2.0%
Total Debt
$41.50B5.8%up
Benchmark median 2.1%
$39.21B4.6%up
Benchmark median 0.2%
$37.50B4.4%up
Benchmark median 0.3%
$35.90B†0.8%up
Benchmark median 0.1%
$35.62B4.9%down
Benchmark median -0.1%
3.9%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$10.55B11.7%up
Benchmark median 6.3%
$9.45B1.7%down
Benchmark median 4.8%
$9.61B30.1%up
Benchmark median 9.9%
$7.39B19.2%down
Benchmark median -0.7%
$9.14B45.9%up
Benchmark median 10.7%
3.6%
Benchmark median 7.0%
Capital Expenditures
$3.37B21.3%up
Benchmark median 5.4%
$2.77B17.7%up
Benchmark median 2.8%
$2.36B24.1%up
Benchmark median 11.3%
$1.90B6.9%down
Benchmark median 14.0%
$2.04B24.3%up
Benchmark median 8.1%
13.3%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$7.19B7.7%up
Benchmark median 7.3%
$6.67B8.0%down
Benchmark median 6.1%
$7.25B32.2%up
Benchmark median 8.8%
$5.49B22.7%down
Benchmark median -11.3%
$7.10B53.6%up
Benchmark median 10.2%
0.3%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

3.9%

Wall Street

on net earnings

FY2024 3.9%

3.3%

Value investor

on free cash flow

FY2024 3.2%

Gap −0.6 pts: Value-investor figure 0.6 points lower

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 25.6×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on MCD yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on MCD and publish the result to your public profile.

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Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/MCD

APA-style text
Valuein. (2026, October 30). MCDONALDS CORP (MCD) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/MCD
BibTeX
@misc{valuein_mcd_2026,
  author = {{Valuein}},
  title = {MCDONALDS CORP (MCD) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/MCD}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 24, 2026 · accession 0000063908-26-000035

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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