InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

McDonald's

MCD Clue Score44
United States Fiscal year ends December CIK 0000063908
$235.23 -0.70% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $235.23 −4.60% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue24.62Operating income7.74Net income4.69EPS, diluted5.44Fiscal year 2017Revenue22.82 −7.3%Operating income9.55Net income5.19 +10.8%EPS, diluted6.37Fiscal year 2018Revenue21.26 −6.8%Operating income8.82Net income5.92 +14.1%EPS, diluted7.54Fiscal year 2019Revenue21.36 +0.5%Operating income9.07Net income6.03 +1.7%EPS, diluted7.88Fiscal year 2020Revenue19.21 −10.1%Operating income7.32Net income4.73 −21.5%EPS, diluted6.31Fiscal year 2021Revenue23.22 +20.9%Operating income10.36Net income7.55 +59.5%EPS, diluted10.04Fiscal year 2022Revenue23.18 −0.2%Operating income9.37Net income6.18 −18.1%EPS, diluted8.33Fiscal year 2023Revenue25.49 +10.0%Operating income11.65Net income8.47 +37.1%EPS, diluted11.56Fiscal year 2024Revenue25.92 +1.7%Operating income11.71Net income8.22 −2.9%EPS, diluted11.39Fiscal year 2025Revenue26.89 +3.7%Operating income12.39Net income8.56 +4.1%EPS, diluted11.95
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 24.62 22.82 21.26 21.36 19.21 23.22 23.18 25.49 25.92 26.89
Growth −7.3% −6.8% +0.5% −10.1% +20.9% −0.2% +10.0% +1.7% +3.7%
Operating income 7.74 9.55 8.82 9.07 7.32 10.36 9.37 11.65 11.71 12.39
Net income 4.69 5.19 5.92 6.03 4.73 7.55 6.18 8.47 8.22 8.56
Growth +10.8% +14.1% +1.7% −21.5% +59.5% −18.1% +37.1% −2.9% +4.1%
EPS, diluted 5.44 6.37 7.54 7.88 6.31 10.04 8.33 11.56 11.39 11.95

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin31.5%Net margin19.0%Free cash flow margin17.2%Fiscal year 2017Operating margin41.9%Net margin22.8%Free cash flow margin16.2%Fiscal year 2018Operating margin41.5%Net margin27.9%Free cash flow margin19.9%Fiscal year 2019Operating margin42.5%Net margin28.2%Free cash flow margin26.8%Fiscal year 2020Operating margin38.1%Net margin24.6%Free cash flow margin24.1%Fiscal year 2021Operating margin44.6%Net margin32.5%Free cash flow margin30.6%Fiscal year 2022Operating margin40.4%Net margin26.6%Free cash flow margin23.7%Fiscal year 2023Operating margin45.7%Net margin33.2%Free cash flow margin28.5%Fiscal year 2024Operating margin45.2%Net margin31.7%Free cash flow margin25.7%Fiscal year 2025Operating margin46.1%Net margin31.9%Free cash flow margin26.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 31.5% 41.9% 41.5% 42.5% 38.1% 44.6% 40.4% 45.7% 45.2% 46.1%
Net margin 19.0% 22.8% 27.9% 28.2% 24.6% 32.5% 26.6% 33.2% 31.7% 31.9%
Free cash flow margin 17.2% 16.2% 19.9% 26.8% 24.1% 30.6% 23.7% 28.5% 25.7% 26.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow6.06Capital expenditure−1.82Free cash flow4.24Buybacks−11.17Dividends paid−3.06Fiscal year 2017Operating cash flow5.55Capital expenditure−1.85Free cash flow3.70 −12.8%Buybacks−4.69Dividends paid−3.09Fiscal year 2018Operating cash flow6.97Capital expenditure−2.74Free cash flow4.23 +14.3%Buybacks−5.21Dividends paid−3.26Fiscal year 2019Operating cash flow8.12Capital expenditure−2.39Free cash flow5.73 +35.6%Buybacks−4.98Dividends paid−3.58Fiscal year 2020Operating cash flow6.27Capital expenditure−1.64Free cash flow4.62 −19.3%Buybacks−0.91Dividends paid−3.75Fiscal year 2021Operating cash flow9.14Capital expenditure−2.04Free cash flow7.10 +53.6%Buybacks−0.85Dividends paid−3.92Fiscal year 2022Operating cash flow7.39Capital expenditure−1.90Free cash flow5.49 −22.7%Buybacks−3.90Dividends paid−4.17Fiscal year 2023Operating cash flow9.61Capital expenditure−2.36Free cash flow7.26 +32.2%Buybacks−3.05Dividends paid−4.53Fiscal year 2024Operating cash flow9.45Capital expenditure−2.78Free cash flow6.67 −8.0%Buybacks−2.82Dividends paid−4.87Fiscal year 2025Operating cash flow10.55Capital expenditure−3.37Free cash flow7.19 +7.7%Buybacks−2.06Dividends paid−5.12
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.06 5.55 6.97 8.12 6.27 9.14 7.39 9.61 9.45 10.55
Capital expenditure −1.82 −1.85 −2.74 −2.39 −1.64 −2.04 −1.90 −2.36 −2.78 −3.37
Free cash flow 4.24 3.70 4.23 5.73 4.62 7.10 5.49 7.26 6.67 7.19
Growth −12.8% +14.3% +35.6% −19.3% +53.6% −22.7% +32.2% −8.0% +7.7%
Buybacks −11.17 −4.69 −5.21 −4.98 −0.91 −0.85 −3.90 −3.05 −2.82 −2.06
Dividends paid −3.06 −3.09 −3.26 −3.58 −3.75 −3.92 −4.17 −4.53 −4.87 −5.12

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.22Total debt25.96Net cash (debt)−24.73Shareholders’ equity−2.20Fiscal year 2017Cash2.46Total debt29.54Net cash (debt)−27.07Shareholders’ equity−3.27Fiscal year 2018Cash0.87Total debt31.08Net cash (debt)−30.21Shareholders’ equity−6.26Fiscal year 2019Cash0.90Total debt34.18Net cash (debt)−33.28Shareholders’ equity−8.21Fiscal year 2020Cash3.45Total debt37.44Net cash (debt)−33.99Shareholders’ equity−7.82Fiscal year 2021Cash4.71Total debt35.62Net cash (debt)−30.91Shareholders’ equity−4.60Fiscal year 2022Cash2.58Total debt35.90Net cash (debt)−33.32Shareholders’ equity−6.00Fiscal year 2023Cash4.58Total debt37.15Net cash (debt)−32.57Shareholders’ equity−4.71Fiscal year 2024Cash1.09Total debt38.42Net cash (debt)−37.34Shareholders’ equity−3.80Fiscal year 2025Cash0.77Total debt40.70Net cash (debt)−39.92Shareholders’ equity−1.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.22 2.46 0.87 0.90 3.45 4.71 2.58 4.58 1.09 0.77
Total debt 25.96 29.54 31.08 34.18 37.44 35.62 35.90 37.15 38.42 40.70
Net cash (debt) −24.73 −27.07 −30.21 −33.28 −33.99 −30.91 −33.32 −32.57 −37.34 −39.92
Shareholders’ equity −2.20 −3.27 −6.26 −8.21 −7.82 −4.60 −6.00 −4.71 −3.80 −1.79

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
31.5% 41.9% 41.5% 42.5% 38.1% 44.6% 40.4% 45.7% 45.2% 46.1%
19.0% 22.8% 27.9% 28.2% 24.6% 32.5% 26.6% 33.2% 31.7% 31.9%
17.2% 16.2% 19.9% 26.8% 24.1% 30.6% 23.7% 28.5% 25.7% 26.7%
Spending
9.7% 9.8% 10.4% 10.4% n/a n/a 12.3% 11.0% 11.0% 11.3%
7.4% 8.1% 12.9% 11.2% 8.5% 8.8% 8.2% 9.2% 10.7% 12.5%
Returns
15.1% 15.4% 18.1% 12.7% 9.0% 14.0% 12.2% 15.1% 14.9% 14.4%
Balance and payout
65.3% 59.5% 55.0% 59.4% 79.3% 51.9% 67.5% 53.5% 59.2% 59.7%
335.7% 210.3% 200.3% 149.4% 100.8% 67.1% 146.9% 104.6% 115.3% 99.8%