COVERAGE / MCD / Consumer

MCDONALDS CORP

Retail-Eating Places

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$26.89bn

Prior / $25.92bn

Change / +3.72%

SOURCE / 2026-02-24

Operating income

$12.39bn

Prior / $11.71bn

Change / +5.81%

SOURCE / 2026-02-24

Net income

$8.56bn

Prior / $8.22bn

Change / +4.13%

SOURCE / 2026-02-24

Diluted EPS

$11.95

Prior / $11.39

Change / +4.92%

SOURCE / 2026-02-24

Free cash flow

$7.19bn

Prior / $6.67bn

Change / +7.70%

SOURCE / 2026-02-24

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

46.10%

Prior / 45.19%

Change / +0.91 pp

SOURCE / 2026-02-24

Return on avg. equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-24

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 26885000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8563000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 12393000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 11.95,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 10551000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3365000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 59515000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": -1791000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 4163000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 4361000000,
    "accn": "0000063908-26-000035",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-24",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$26.89bn	$8.56bn	$7.19bn	$11.95
2024-12-31	$25.92bn	$8.22bn	$6.67bn	$11.39
2023-12-31	$25.49bn	$8.47bn	$7.26bn	$11.56
2022-12-31	$23.18bn	$6.18bn	$5.49bn	$8.33

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	20.79x	Unavailable	30.90x	14
P/S	6.54x	Unavailable	2.31x	13
P/B	Unavailable	Unavailable	11.78x	9
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	4.09%	Unavailable	2.22%	9

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-30 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 248.48,
  "tradingDate": "2026-09-17",
  "marketCap": 175834767622.88,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-30"
}

Company & operating context

MCDONALDS CORP is an SEC-reporting issuer listed on NYSE under MCD. Its SEC industry description is Retail-Eating Places. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Retailers, consumer brands and service platforms balance demand, price, unit volume and operating costs.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-24PERIOD / 2025-12-31

MCD filed this 10-K on 2026-02-24 for the reported period 2025-12-31. Reading focus: Unit volumes, comparable sales, inventory, pricing and operating leverage. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0093MCDCompany Research

MCD: reading the FY2025 financial structure ↗

MCDONALDS CORP

Research abstract

Annual revenue of USD 26.885 billion and net income of USD 8.563 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Consumer affordability, input inflation, competitive promotions and discretionary demand.

Unit volumes, comparable sales, inventory, pricing and operating leverage.

CONSUMER SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-24
SEC annual filing · 2024-12-31 ↗Source date 2026-02-24
SEC annual filing · 2023-12-31 ↗Source date 2026-02-24
SEC annual filing · 2022-12-31 ↗Source date 2025-02-25
SEC issuer record ↗Source date 2026-09-18