Tearsheet

McDonald's (MCD)

Market Price (9/15/2025): $305.66 | Market Cap: $218.4 Bil
Sector: Consumer Discretionary | Industry: Restaurants

McDonald's (MCD)

Market Price (9/15/2025): $305.66
Market Cap: $218.4 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, Dividend Yield is 2.3%	Trading close to highs Dist 52W High is -3.9%, Dist 3Y High is -3.9%	Expensive valuation multiples P/SPrice/Sales ratio is 8.4x
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -39%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%, CFO LTM is 9.8 Bil, FCF LTM is 6.9 Bil
3	Low stock price volatility Vol 12M is 19%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, Dividend Yield is 2.3%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%, CFO LTM is 9.8 Bil, FCF LTM is 6.9 Bil
3	Low stock price volatility Vol 12M is 19%
4	Trading close to highs Dist 52W High is -3.9%, Dist 3Y High is -3.9%
5	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -39%
6	Expensive valuation multiples P/SPrice/Sales ratio is 8.4x

Market Valuation

	9/15/25	2024	2023	2022	2021
Share Price CYE	$305.66	$284.98	$284.59	$247.34	$246.09
Market Cap CYE ($ Bil)	218.4	204.0	206.0	180.8	183.5
Total Debt ($ Bil)	55.9	51.9	53.1	48.7	49.3
Total Cash ($ Bil)	1.9	1.1	4.6	2.6	4.7
Enterprise Value ($ Bil)	272.4	255.9	259.1	229.5	232.8
Valuation Ratios
P/S TTM	8.4	8.0	8.5	8.4	8.6
P/EBIT TTM	18.1	17.6	18.2	21.5	19.4
P/E TTM	26.0	25.3	25.5	31.4	26.5
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.3	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.6	8.1	8.9	7.3	9.2

	9/15/25	2024	2023
Share Price CYE	$305.66	$284.98	$284.59
Market Cap CYE ($ Bil)	218.4	204.0	206.0
Total Debt ($ Bil)	55.9	51.9	53.1
Total Cash ($ Bil)	1.9	1.1	4.6
Enterprise Value ($ Bil)	272.4	255.9	259.1
Valuation Ratios
P/S TTM	8.4	8.0	8.5
P/EBIT TTM	18.1	17.6	18.2
P/E TTM	26.0	25.3	25.5
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.3	6.9	7.0
P/E TTM (Sector)	9.6	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MCD Return	11%	28%	1%	15%	0%	7%	77%
Peers Return	30%	22%	-7%	24%	17%	-6%	101%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SBUX, CMG, YUM, TXRH, MCD. See MCD Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

McDonald's Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	McDonald's Earnings Notes
2	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC	Actionable
3	MCD Delivers $81 Bil to Shareholders Over the Last 10 Years
4	McDonald's vs Southern Copper: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does MCD Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From RCL, MAR
7	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC
8	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC, EAT, CAKE	Actionable
9	Why McDonald's Stock Moved: MCD Stock Has Gained 24% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
10	[7/14/2025] Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From Industry Peers YUMC, CAKE, PTLO, QSR
11	ARTICLES
12	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC		September 9th, 2025
13	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC		August 27th, 2025
14	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC		August 12th, 2025
15	How Will McDonald’s Stock React To Its Upcoming Earnings?		August 4th, 2025
16	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, QSR		July 30th, 2025

	Title
0	DASHBOARDS
1	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC
2	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC
3	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, YUMC
4	How Will McDonald’s Stock React To Its Upcoming Earnings?
5	Better Bet Than McDonald’s Stock: Pay Less To Get More From DRI, QSR
6	ARTICLES
7	McDonald's Earnings Notes
8	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC
9	MCD Delivers $81 Bil to Shareholders Over the Last 10 Years
10	McDonald's vs Southern Copper: Which Is A Better Investment?
11	How Does MCD Stack Up Against Its Peers?
12	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From RCL, MAR
13	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC
14	Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From DRI, YUMC, EAT, CAKE
15	Why McDonald's Stock Moved: MCD Stock Has Gained 24% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
16	[7/14/2025] Better Bet Than MCD Stock: Pay Less Than McDonald's To Get More From Industry Peers YUMC, CAKE, PTLO, QSR

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for McDonald's

Financials

	MCD	SBUX	CMG	YUM	TXRH	Median
Name	McDonald.	Starbucks	Chipotle.	Yum Bran.	Texas Ro.
Mkt Price	305.40	81.90	38.63	149.49	166.69	149.49
Mkt Cap	218.2	93.1	52.0	41.7	11.1	52.0
Rev LTM	26,060	36,689	11,578	7,907	5,671	11,578
Op Inc LTM	12,023	3,836	1,999	2,439	523	2,439
FCF LTM	6,897	2,254	1,466	1,534	373	1,534
FCF 3Y Avg	6,877	3,021	1,339	1,394	296	1,394
CFO LTM	9,793	4,901	2,092	1,834	742	2,092
CFO 3Y Avg	9,373	5,523	1,920	1,682	633	1,920

Growth & Margins

	MCD	SBUX	CMG	YUM	TXRH	Median
Name	McDonald.	Starbucks	Chipotle.	Yum Bran.	Texas Ro.
Rev Chg LTM	1.2%	0.6%	8.6%	11.3%	14.6%	8.6%
Rev Chg 3Y Avg	3.4%	4.7%	12.5%	5.9%	14.5%	5.9%
Rev Chg Q	5.4%	3.8%	3.0%	9.6%	12.7%	5.4%
QoQ Delta Rev Chg LTM	1.4%	0.9%	0.8%	2.2%	3.1%	1.4%
Op Mgn LTM	46.1%	10.5%	17.3%	30.8%	9.2%	17.3%
Op Mgn 3Y Avg	45.9%	13.3%	16.9%	31.7%	8.7%	16.9%
QoQ Delta Op Mgn LTM	0.3%	-1.6%	-0.4%	-0.5%	-0.2%	-0.4%
CFO/Rev LTM	37.6%	13.4%	18.1%	23.2%	13.1%	18.1%
CFO/Rev 3Y Avg	37.0%	15.3%	18.3%	22.9%	12.6%	18.3%
FCF/Rev LTM	26.5%	6.1%	12.7%	19.4%	6.6%	12.7%
FCF/Rev 3Y Avg	27.2%	8.4%	12.8%	19.0%	5.9%	12.8%

Valuation

	MCD	SBUX	CMG	YUM	TXRH	Median
Name	McDonald.	Starbucks	Chipotle.	Yum Bran.	Texas Ro.
Mkt Cap	218.2	93.1	52.0	41.7	11.1	52.0
P/S	8.4	2.5	4.5	5.3	2.0	4.5
P/EBIT	18.0	22.8	26.0	17.0	21.2	21.2
P/E	26.0	35.4	33.7	29.1	25.3	29.1
P/CFO	22.3	19.0	24.8	22.7	14.9	22.3
Total Yield	6.1%	5.8%	3.0%	5.3%	4.8%	5.3%
Dividend Yield	2.3%	2.9%	0.0%	1.8%	0.8%	1.8%
FCF Yield 3Y Avg	3.4%	3.0%	1.9%	3.6%	2.8%	3.0%
D/E	0.3	0.3	0.1	0.3	0.1	0.3
Net D/E	0.2	0.3	0.1	0.3	0.1	0.2

Returns

	MCD	SBUX	CMG	YUM	TXRH	Median
Name	McDonald.	Starbucks	Chipotle.	Yum Bran.	Texas Ro.
1M Rtn	-0.6%	-9.6%	-12.3%	1.4%	-3.2%	-3.2%
3M Rtn	1.7%	-11.6%	-23.1%	4.3%	-8.2%	-8.2%
6M Rtn	3.0%	-15.4%	-22.8%	-2.6%	-2.3%	-2.6%
12M Rtn	5.4%	-14.8%	-31.2%	14.0%	3.2%	3.2%
3Y Rtn	29.1%	-4.1%	12.9%	37.5%	94.4%	29.1%
1M Excs Rtn	-1.1%	-14.9%	-13.0%	1.9%	-6.3%	-6.3%
3M Excs Rtn	-7.6%	-21.5%	-33.0%	-4.6%	-19.3%	-19.3%
6M Excs Rtn	-15.4%	-32.8%	-40.0%	-20.9%	-18.8%	-20.9%
12M Excs Rtn	-12.5%	-29.8%	-48.6%	-5.1%	-14.0%	-14.0%
3Y Excs Rtn	-38.8%	-65.3%	-50.5%	-28.2%	31.5%	-38.8%

Comparison Analyses

	Title
0	How Does MCD Stack Up Against Its Peers?
1	Why QSR With 50% Upside May Beat MCD?
2	SBUX Looks Stronger Than MCD With 17% Return Potential
3	Why YUM With 18% Upside May Beat MCD?
4	With 35% Gains On The Table, CMG May Outshine MCD
5	MCD or TXRH - With 36% Return Forecast, TXRH Probably Deserves Your Money
6	NVDA Could Deliver 37% Returns And Outperform MCD
7	TMO or MCD - With 9.0% Return Forecast, MCD Probably Deserves Your Money
8	TSLA or MCD - With 9.0% Return Forecast, MCD Probably Deserves Your Money
9	McDonald's vs. salesforce.com: With Return Forecast Of 231%, salesforce.com Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/25/2025	2/22/2024	2/24/2023	2/24/2022	2/23/2021	2/26/2020
Key Financials
Total Revenue	26,060	25,920	25,495	23,182	23,223	19,208	21,364
Ebitda	14,248	13,948	13,861	10,903	12,182	9,110	10,758
Operating Income	12,023	11,851	11,747	10,345	9,873	7,206	8,950
Net Income	8,392	8,223	8,469	6,177	7,545	4,730	6,025
EPS	11.73	11.45	11.63	8.39	10.11	6.35	7.95
Growth Rates
Total Revenue Growth	1.2%	1.7%	10.0%	-0.2%	20.9%	-10.1%	0.5%
EBITDA Growth	2.8%	0.6%	27.1%	-10.5%	33.7%	-15.3%	4.7%
Operating Income Growth	2.2%	0.9%	13.6%	4.8%	37.0%	-19.5%	3.7%
Net Income Growth	1.0%	-2.9%	37.1%	-18.1%	59.5%	-21.5%	1.7%
Margins
EBITDA Margin	54.7%	53.8%	54.4%	47.0%	52.5%	47.4%	50.4%
Operating Income Margin	46.1%	45.7%	46.1%	44.6%	42.5%	37.5%	41.9%
Net Income Margin	32.2%	31.7%	33.2%	26.6%	32.5%	24.6%	28.2%
Cash & Debt
Total Cash	1,876	1,085	4,579	2,584	4,709	3,449	898
Total Debt	55,867	51,948	53,091	48,699	49,349	51,463	47,556
Net Debt / (Cash)	53,991	50,863	48,512	46,115	44,640	48,014	46,658
Cash Flows
Net Cash from Operations	9,793	9,447	9,612	7,387	9,142	6,265	8,122
Free Cash from Operations	6,897	6,672	7,255	5,488	7,102	4,624	5,728
Returns to Shareholders
Dividends	4,996	4,870	4,533	4,168	3,919	3,753	3,582
Share Repurchases	1,954	2,824	3,054	3,896	846	908	4,976

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/6/2025	5/12/2025	2/25/2025	11/7/2024	8/8/2024	5/8/2024	2/22/2024	11/2/2023	8/2/2023	5/4/2023	2/24/2023	11/7/2022
Key Financials Quarterly
Total Revenue	6,843	5,955	6,388	6,874	6,490	6,169	6,408	6,692	6,497	5,898	5,926	5,872
Ebitda	3,795	3,226	3,471	3,756	3,430	3,291	3,372	3,763	3,639	3,087	3,125	3,308
Operating Income	3,261	2,654	2,879	3,229	3,027	2,718	2,834	3,183	3,069	2,662	2,598	2,776
Net Income	2,253	1,868	2,016	2,255	2,022	1,929	2,039	2,317	2,310	1,802	1,903	1,982
EPS	3.15	2.61	2.82	3.15	2.81	2.67	2.82	3.19	3.17	2.47	2.60	2.70
Key Financials TTM
Total Revenue TTM	26,060	25,707	25,921	25,941	25,759	25,766	25,495	25,013	24,193	23,414	23,182	23,265
Ebitda TTM	14,248	13,883	13,948	13,849	13,856	14,065	13,861	13,614	13,159	11,682	10,903	10,663
Operating Income TTM	12,023	11,789	11,853	11,808	11,762	11,804	11,748	11,512	11,105	10,634	10,345	10,166
Net Income TTM	8,392	8,161	8,222	8,245	8,307	8,595	8,468	8,332	7,997	6,875	6,177	5,913
Growth Rates Quarterly
Total Revenue Growth	5.4%	-3.5%	-0.3%	2.7%	-0.1%	4.6%	8.1%	14.0%	13.6%	4.1%	-1.4%	-5.3%
EBITDA Growth	10.6%	-2.0%	2.9%	-0.2%	-5.7%	6.6%	7.9%	13.8%	68.3%	33.7%	8.3%	-4.2%
Operating Income Growth	7.7%	-2.4%	1.6%	1.4%	-1.4%	2.1%	9.1%	14.6%	18.1%	12.2%	7.4%	-0.4%
Net Income Growth	11.4%	-3.2%	-1.1%	-2.7%	-12.5%	7.0%	7.1%	16.9%	94.4%	63.2%	16.1%	-7.8%
Margins Quarterly
EBITDA Margin	55.5%	54.2%	54.3%	54.6%	52.9%	53.3%	52.6%	56.2%	56.0%	52.3%	52.7%	56.3%
Operating Income Margin	47.7%	44.6%	45.1%	47.0%	46.6%	44.1%	44.2%	47.6%	47.2%	45.1%	43.8%	47.3%
Net Income Margin	32.9%	31.4%	31.6%	32.8%	31.2%	31.3%	31.8%	34.6%	35.6%	30.6%	32.1%	33.7%
Cash & Debt
Total Cash	1,876	1,238	1,085	1,221	792	838	4,579	3,496	1,626	3,708	2,584	2,828
Total Debt	55,867	52,763	51,948	53,411	51,999	50,881	53,091	49,750	48,472	49,919	48,699	47,288
Net Debt / (Cash)	53,991	51,525	50,863	52,190	51,207	50,043	48,512	46,254	46,846	46,211	46,115	44,460
Cash Flows Quarterly
FCF from Operations	1,998	2,428	2,631	2,736	1,689	2,390	2,489	3,029	1,673	2,420	2,202	2,434
Cash Flows TTM
FCF from Operations TTM	9,793	9,484	9,446	9,304	9,597	9,581	9,611	9,324	8,729	7,674	7,387	7,852
Returns to Shareholders Quarterly
Dividends	1,265	1,266	1,268	1,197	1,199	1,206	1,208	1,105	1,109	1,111	1,111	1,015
Share Repurchases	505	477	503	469	934	918	851	1,054	570	578	489	869
Return on Invested Capital (ROIC) Quarterly
ROIC	19.0%	16.5%	18.0%	19.6%	18.7%	17.4%	18.9%	21.8%	21.5%	18.3%	18.3%	19.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	17.7%	18.2%	18.5%	18.1%	18.3%	19.0%	19.5%	20.0%	19.0%	18.5%	17.7%	17.8%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
International Operated Markets	12,382	11,297	12,220	9,571	11,480
United States (US)	10,568	9,588	8,865	7,828	8,003
International Developmental Licensed Markets & Corporate	2,543	2,297	2,138	1,809	1,882
Total	25,493	23,182	23,223	19,208	21,364

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
International Operated Markets	5,831	3,926	5,131	3,315	4,789
United States (US)	5,694	5,136	4,755	3,789	4,069
International Developmental Licensed Markets & Corporate	121	309	471	220	212
Total	11,646	9,371	10,356	7,324	9,070

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
International Operated Markets	23,947	21,979	24,186	24,744	22,848
United States (US)	22,477	21,793	21,280	21,010	21,377
International Developmental Licensed Markets & Corporate	9,723	6,663	8,388	6,873	3,286
Total	56,147	50,435	53,854	52,627	47,511

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$305.40
Market Cap ($ Bil)	218.2
First Trading Date	01/02/1970
Distance from 52W High	-3.9%
	50 Days	200 Days
DMA Price	$303.70	$299.57
DMA Trend	indeterminate	up
Distance from DMA	0.6%	1.9%
	3M	1YR
Volatility	15.6%	18.7%
Downside Capture	0.13	0.26
Upside Capture	28.88	32.83
Correlation (SPY)	12.4%	23.6%

MCD Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.03	0.10	0.17	0.21	0.22	0.33
Up Beta	-0.28	-0.06	0.06	0.13	0.12	0.27
Down Beta	-0.58	-0.56	0.02	0.26	0.23	0.31
Up Capture	56%	56%	18%	22%	25%	12%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	12	22	31	64	132	394
Down Capture	-9%	16%	34%	32%	38%	66%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	9	19	31	61	116	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	7,557,351
Short Interest: % Change Since 8152025	-7.1%
Average Daily Volume	3,007,721
Days-to-Cover Short Interest	2.51
Basic Shares Quantity	714,500,000
Short % of Basic Shares	1.1%

Returns Analyses

	Title
0	Will You Be Comfortable Buying McDonald's Stock?
1	MCD YTD Stock Return Of -7.1% Outperforms SBUX by 0.04% and Underperforms CMG by -34%
2	McDonald's During 2008 Recession vs. 2022 Inflation Shock: MCD Stock Is Now 23% Higher Than Its Pre-Shock High
3	McDonald's Stock Return Comparison
4	[9/30/2021] McDonald's (MCD) Stock Price Forecast: AI Forecasts MCD Stock Price To Be Around $244 In A Month (Up 1.4%)
5	McDonald's Total Shareholder Return (TSR): 0.4% in 2022 and 12.4% 3-yr returns (above peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/6/2025	3.0%	1.0%	6.7%
5/1/2025	-1.9%	-0.5%	-1.8%
2/10/2025	4.8%	4.8%	4.8%
10/29/2024	-0.6%	-1.3%	-0.2%
7/29/2024	3.7%	9.8%	14.6%
4/30/2024	-0.2%	-1.6%	-8.8%
2/5/2024	-3.7%	-2.6%	-1.0%
10/30/2023	1.7%	4.7%	10.3%
...
SUMMARY STATS
# Positive	12	15	12
# Negative	12	9	12
Median Positive	2.7%	2.9%	5.3%
Median Negative	-0.9%	-1.6%	-2.8%
Max Positive	4.8%	9.8%	14.6%
Max Negative	-5.0%	-8.6%	-8.8%

	Forward Returns
8/6/2025	3.0%	1.0%	6.7%
5/1/2025	-1.9%	-0.5%	-1.8%
2/10/2025	4.8%	4.8%	4.8%
10/29/2024	-0.6%	-1.3%	-0.2%
7/29/2024	3.7%	9.8%	14.6%
4/30/2024	-0.2%	-1.6%	-8.8%
2/5/2024	-3.7%	-2.6%	-1.0%
10/30/2023	1.7%	4.7%	10.3%
7/27/2023	1.2%	-0.7%	-3.2%
4/25/2023	-0.6%	1.5%	-2.3%
1/31/2023	-1.3%	-1.1%	-2.5%
10/27/2022	3.3%	5.4%	7.2%
7/26/2022	2.7%	5.5%	4.1%
4/28/2022	2.9%	2.9%	0.4%
1/27/2022	-0.4%	5.0%	-0.2%
10/27/2021	2.7%	5.4%	8.8%
7/28/2021	-1.9%	-3.8%	-3.1%
4/29/2021	1.2%	1.1%	1.1%
1/28/2021	-0.1%	0.8%	0.2%
10/8/2020	-0.3%	0.5%	-4.5%
7/28/2020	-2.5%	-3.4%	5.7%
4/8/2020	1.1%	1.3%	3.1%
1/29/2020	1.9%	2.0%	-4.5%
10/22/2019	-5.0%	-8.6%	-7.8%
SUMMARY STATS
# Positive	12	15	12
# Negative	12	9	12
Median Positive	2.7%	2.9%	5.3%
Median Negative	-0.9%	-1.6%	-2.8%
Max Positive	4.8%	9.8%	14.6%
Max Negative	-5.0%	-8.6%	-8.8%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Banner Jonathan	EVP - Chief Impact Officer	8192025	Sell	310.00	1,000	310,000	30,585	Form
1	Ralls-Morrison Desiree	EVP, Chief Legal Officer	8062025	Sell	310.00	2,487	770,970	2,713,743	Form
2	Erlinger Joseph M.	President, McDonald's USA	7232025	Sell	299.49	939	281,221	2,780,202	Form
3	Flatley Edith Morgan	EVP - Global CMO	7102025	Sell	300.00	1,000	300,000	2,657,268	Form
4	Erlinger Joseph M.	President, McDonald's USA	6232025	Sell	288.52	939	270,920	2,949,286	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MCD Return	11%	28%	1%	15%	0%	7%	77%
Peers Return	30%	22%	-7%	24%	17%	-6%	101%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
MCD Win Rate	58%	58%	50%	50%	42%	62%
Peers Win Rate	67%	53%	42%	58%	58%	45%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
MCD Max Drawdown	-30%	-4%	-17%	-5%	-16%	-4%
Peers Max Drawdown	-40%	-6%	-26%	-5%	-10%	-15%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

McDonald's (MCD)

Market Price (9/15/2025): $305.66 | Market Cap: $218.4 BilSector: Consumer Discretionary | Industry: Restaurants

McDonald's (MCD)

Market Price (9/15/2025): $305.66Market Cap: $218.4 BilSector: Consumer DiscretionaryIndustry: Restaurants

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Market Price (9/15/2025): $305.66 | Market Cap: $218.4 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (9/15/2025): $305.66
Market Cap: $218.4 Bil
Sector: Consumer Discretionary
Industry: Restaurants